GDP canadian cma - Page 2

jmt18325 · #21 Posted: **Nov 17, 2011, 6:42 AM**

Quote:

Originally Posted by isaidso

Detroit is actually about 20% smaller than Toronto yet their GDP is as big as ours.

Actually, no, it's not that much smaller. Ford, Chrysler, and GM are headquartered there though. That (large companies) probably has a great deal to do with many of the US numbers.

Quote:

Philly is the same size as us, yet their GDP is 50% higher. Toronto is average for Canada, but poor compared to the typical US city.

Philly has the fifth largest GDP on the continent. It isn't really a typical city. Toronto though, would have a lower per capita GDP than Calgary, Edmonton, and probably Vancouver. Toronto isn't an example of Canada's wealthiest cities. Philadelphia is an example of Americas.

jmt18325 · #22 Posted: **Nov 17, 2011, 6:43 AM**

Quote:

Originally Posted by isaidso

If you compare city after city after city in the US to Toronto, you get the same pattern. We're much poorer.

That's probably a bit of a stretch.

MonkeyRonin · #23 Posted: **Nov 17, 2011, 6:43 AM**

Quote:

Originally Posted by isaidso

Detroit is actually about 20% smaller than Toronto yet their GDP is as big as ours. Philly is the same size as us, yet their GDP is 50% higher. Toronto is just above the Canadian average, but poor compared to the typical US city.

If you compare city after city after city in the US to Toronto, you get the same pattern. We're much poorer.

But the US's GDP per capita isn't 50% higher than Canada's - its 16% higher.

Hence why figures indicating that its 50% higher in a city like Philadelphia than Toronto are highly suspect.

jmt18325 · #24 Posted: **Nov 17, 2011, 6:46 AM**

Quote:

Originally Posted by MonkeyRonin

But the US's GDP per capita isn't 50% higher than Canada's - its 16% higher.

Hence why figures indicating that its 50% higher in a city like Philadelphia than Toronto are highly suspect.

Yes, and actually, today, the GDP per capita numbers for the countries are probably even closer than that.

jmt18325 · #25 Posted: **Nov 17, 2011, 6:48 AM**

I don't know which numbers you were looking at, but:

http://en.wikipedia.org/wiki/List_of...al)_per_capita

Unless you were using PPP. Then there is a difference of 7 - 8K.

caltrane74 · #26 Posted: **Nov 17, 2011, 6:52 AM**

These numbers will always be suspect, because the average is being skewed by the wealthiest and poorest people in each city.

For example the richest people in Toronto are 10 to 20 times richer than the richest people in Calgary. Just the fact that we have more billionaires here than the rest of Canada combined.

At the same time we also get lots of immigrants as well, so that brings down our per capita GDP numbers. - These types of comparisons are always very subjective, and I'll tel you now that your average Torontotian is no better or worst off than anyone else in any other North American City.

MonkeyRonin · #27 Posted: **Nov 17, 2011, 6:55 AM**

Quote:

Originally Posted by jmt18325

I don't know which numbers you were looking at, but:

http://en.wikipedia.org/wiki/List_of...al)_per_capita

Unless you were using PPP. Then there is a difference of 7 - 8K.

I figured PPP was a fairer comparison.

jmt18325 · #28 Posted: **Nov 17, 2011, 6:57 AM**

I suppose that depends on what you're looking for. I don't really like PPP, because it doesn't measure total output, but rather relative output. Still, I can see why those numbers would be appealing in some cases.

Acajack · #29 Posted: **Nov 17, 2011, 1:51 PM**

Quote:

Originally Posted by caltrane74

Detroit has a 20% unemployment rate, Toronto less than 8% unemployment, the only thing you're proving is that the rich corporate execs in Detroit are not sharing. - The US is going down, Canada is on the upswing, cannot compare the two countries at this time.

This is the post on this thread that I agree with the most.

Acajack · #30 Posted: **Nov 17, 2011, 2:00 PM**

I guess if all those American metros are so rich (and richer than ours) because of their high GDPs then the Occupy X movement, neighbourhoods of empty new houses and families sleeping in their cars are just figments of our imagination.

mr.John · #31 Posted: **Nov 17, 2011, 2:46 PM**

Having been to Philly I must say that Toronto makes most of that city look like a 3rd world dump,downtown is very nice but some of the neighborhoods holy Jesus, and let's not even get into Detroit..so much for figures painting an accurate picture of what's really going on

freeweed · #32 Posted: **Nov 17, 2011, 3:28 PM**

Quote:

Originally Posted by caltrane74

Toronto has a GDP per capital over 100,000 dollars.

Wow, 100,000 dollars just in the one city? Amazing!

(This joke only works if the city is a capital)

freeweed · #33 Posted: **Nov 17, 2011, 3:31 PM**

Quote:

Originally Posted by Acajack

I guess if all those American metros are so rich (and richer than ours) because of their high GDPs then the Occupy X movement, neighbourhoods of empty new houses and families sleeping in their cars are just figments of our imagination.

It's BECAUSE of that fact that the OWS movement has credibility in the US.

Higher GDP per capita, supposedly higher median incomes (and definitely higher average incomes) - and yet millions are effectively homeless. Tens of millions unemployed with something like 5-10 people for every available job.

The US is not "wealthy" by any stretch of the imagination. SOME of the US is incredibly wealthy, but the country as a whole is damn near bankrupt. Never mind individual metros.

Acajack · #34 Posted: **Nov 17, 2011, 4:20 PM**

Quote:

Originally Posted by freeweed

It's BECAUSE of that fact that the OWS movement has credibility in the US.

Higher GDP per capita, supposedly higher median incomes (and definitely higher average incomes) - and yet millions are effectively homeless. Tens of millions unemployed with something like 5-10 people for every available job.

The US is not "wealthy" by any stretch of the imagination. SOME of the US is incredibly wealthy, but the country as a whole is damn near bankrupt. Never mind individual metros.

Voilà. Obviously the Canadian way, for all its faults, it producing better average results for a higher percentage of people than the American system. This has been more or less the case for any period in living memory, although the Canadian system's advantages and the American's shortcomings have perhaps never been as glaring as they are currently.

MTLskyline · #35 Posted: **Nov 20, 2011, 1:29 AM**

I found an interesting file on Quebec with lots of stats.

Montreal Island had a GDP of $102,985,900,000 at basic prices in 2010.
http://www.stat.gouv.qc.ca/regions/p...gion_06_00.htm

Laval had a GDP of $12,378,800,000 at basic prices in 2010.
http://www.stat.gouv.qc.ca/regions/p...gion_13_00.htm

RedStar · #36 Posted: **Nov 20, 2011, 2:07 AM**

Looks like Calgary is leading the way.

hmmm can't seem to upload the image better.

Basically these are the GDP per capita

Calgary ~$56,000
Edmonton ~$47,000
Toronto ~$44,000
Ottawa ~$41,000
Vancouver ~$38,000

caltrane74 · #37 Posted: **Nov 20, 2011, 2:43 AM**

Wow! Toronto's population just hit 7.5 million in the CMA.

Chadillaccc · #38 Posted: **Nov 20, 2011, 3:22 AM**

Really? That is insane! TO is gonna be a megalopolous by 2025!

MolsonExport · #39 Posted: **Nov 20, 2011, 4:01 AM**

3 cents or who gives a shit

RedStar · #40 Posted: **Nov 20, 2011, 4:09 AM**

Quote:

Originally Posted by caltrane74

Toronto has a GDP per capital over 100,000 dollars. 260 billion dollars for everything inside the 416. Toronto GTA probably about 550 billion dollars.

Where are you getting your numbers from? The City of Toronto lists its GDP as $144 billion (http://www.toronto.ca/invest-in-toro...r_overview.htm). If it actually had a GDP of over $100,000 per capital then it would be higher then any major city in NA or Europe.