No Amazon HQ in NY

[Benton]

(02-15-2019, 03:53 AM)TheLeonardLeap Wrote: (This is not a post about ideology and it's effects on GDP, just something I noticed statistically and wanted to comment on.)


The US GDP in 2000 was $10.28t.
The US GDP in 2017 was $18.62t.
A raise of about 81.1%.

The NY GDP in 2000 was ~$1.02t. (9.92% of the national GDP)
The NY GDP in 2017 was ~$1.27t. (6.95% of the national GDP)
A raise of about 24.5%.

That means that NY grew at well less than 1/3rd of the rate of the rest of the US, losing a significant chunk of their national production share. It's still a large economy, and still a decent chunk of the country's amount, but the reality isn't nearly as bright and shiny as that graph you posted.

If everything holds true to their rate from 2000-2017, NY is looking at only being roughly 1% of the national GDP by 2050.



(I threw the ~ on there for NY because I had to roughly guess the last digit.)

Eh, I'm not the best mathologist, but I'm not sure it's fair to say new York is growing a third slower than the rest of the us. You'd have to look at each state. You're comparing one state versus the sum of 50 states. Or that the comparison relates to a decline in new York s stability.

  Without looking up any numbers, Texas is/was one of the fastest growing gdps. Their growth rate is based largely off proximity to jobs gone to Mexico and oil, two recent trends. That means their economy is going to grow, but it doesn't mean it's going to last. Not like new York, where the economy has had steady growth (mostly) for over a century.