[JayCT]

Originally Posted by kidyankee764

CT does have a very high GDP, and that cannot be disputed. GDP *growth* in CT is almost dead last of all 50 states. That’s where the problem lies.

The same can be said for income growth.

Originally Posted by BobNJ1960

agreed. (I say that as a Met fan who watched his team lose a 10.5 game lead.)

I’m sorry but I strongly disagree that this is a problem. Connecticut is among the very top already for per capita Gross Domestic Product. How much more do you want or expect? The lower growth number means little since we do not have high population growth. We are still at the top. Caring about the ranking of growth in GDP is really just an ego thing more than anything else. Jay

[Stylo]

Originally Posted by JayCT

I’m sorry but I strongly disagree that this is a problem. Connecticut is among the very top already for per capita Gross Domestic Product. How much more do you want or expect? The lower growth number means little since we do not have high population growth. We are still at the top. Caring about the ranking of growth in GDP is really just an ego thing more than anything else. Jay

People have been saying growth is an issue for a decade+, and we still rank highly.

[Henry10]

It's kinda dumb to pretend to not have a disease because one feels no pain because of painkillers. Covid outmigration from NYC to suburbs gave CT a shot in the arm. Leftwing politicians have never failed to ruin a good thing. Just wait and see...

[Stylo]

Originally Posted by Henry10

It's kinda dumb to pretend to not have a disease because one feels no pain because of painkillers. Covid outmigration from NYC to suburbs gave CT a shot in the arm. Leftwing politicians have never failed to ruin a good thing. Just wait and see...

If it’s as simple as left and right (it’s not), why are the majority of the top states on this list blue?

https://www.statista.com/statistics/...-gdp-by-state/

[JayCT]

Originally Posted by Stylo

People have been saying growth is an issue for a decade+, and we still rank highly.

I’ve been hearing this for at least 15 years. It hasn’t changed a thing. Jay

[SteveM85]

Originally Posted by Henry10

It's kinda dumb to pretend to not have a disease because one feels no pain because of painkillers. Covid outmigration from NYC to suburbs gave CT a shot in the arm. Leftwing politicians have never failed to ruin a good thing. Just wait and see...

Covid, it's always Covid with CT.
Random Joe: The real state market is booming in CT
CT Forum detractor: yeah but only because of Covid
Random Joe: CT crime is up like the the rest of the nation
CT Forum detractor: yeah but in CT it has nothing to do with Covid

CT may not be breaking away from the pack and setting new land speed records in GDP and income growth but no one really cares anyway. Most wouldn't know a rankings list if it him them in the face. Jobs, industries, and incomes are more than fine to suit 3.4M people.

[kidyankee764]

Originally Posted by JayCT

I’m sorry but I strongly disagree that this is a problem. Connecticut is among the very top already for per capita Gross Domestic Product. How much more do you want or expect? The lower growth number means little since we do not have high population growth. We are still at the top. Caring about the ranking of growth in GDP is really just an ego thing more than anything else. Jay

I don’t see how it can be an ego thing when, mathematically, if Connecticut stays on the course of having among the lowest growth in the country in those categories, the ranking will inevitably drop.

According to the BEA, between Q1 and Q2 of 2022, CT’s real GDP decreased by 4.7%.

Originally Posted by JayCT

I’ve been hearing this for at least 15 years. It hasn’t changed a thing. Jay

It actually has changed. In 2015, CT’s GDP as a percent of the USA was 1.7%. In 2020, it was 1.4%. The numbers aren’t out for 2022, but seeing that it’s dropped quite a bit as noted above, compared to the larger states who had positive growth, it’s probably near the 1-1.2% range.

That’s the consequence of negative growth and that’s all I’ll say on the matter.

[JayCT]

Originally Posted by kidyankee764

I don’t see how it can be an ego thing when, mathematically, if Connecticut stays on the course of having among the lowest growth in the country in those categories, the ranking will inevitably drop.

According to the BEA, between Q1 and Q2 of 2022, CT’s real GDP decreased by 4.7%.



It actually has changed. In 2015, CT’s GDP as a percent of the USA was 1.7%. In 2020, it was 1.4%. The numbers aren’t out for 2022, but seeing that it’s dropped quite a bit as noted above, compared to the larger states who had positive growth, it’s probably near the 1-1.2% range.

That’s the consequence of negative growth and that’s all I’ll say on the matter.

I doubt it.

It’s an ego thing because some posters keep pointing to it as if it’s the end of the world. The same goes for our state’s GDP as a percentage of the national. The per capita GDP says it all as a true measure of economic health and Connecticut remains very very strong.

Also note that if you look at our GDP for the last year, you will see it grew by 1.2%. The national GDP grew by 1.1% so Connecticut outpaced it. Funny how that doesn’t make the headlines (second to last paragraph of article linked below). Again for a state that doesn’t have a large growth in population, that’s very impressive. Jay

https://ctnewsjunkie.com/2022/10/03/...ecline-in-gdp/

[kidyankee764]

Originally Posted by JayCT

I doubt it.

It’s an ego thing because some posters keep pointing to it as if it’s the end of the world. The same goes for our state’s GDP as a percentage of the national. The per capita GDP says it all as a true measure of economic health and Connecticut remains very very strong.

Also note that if you look at our GDP for the last year, you will see it grew by 1.2%. The national GDP grew by 1.1% so Connecticut outpaced it. Funny how that doesn’t make the headlines (second to last paragraph of article linked below). Again for a state that doesn’t have a large growth in population, that’s very impressive. Jay

https://ctnewsjunkie.com/2022/10/03/...ecline-in-gdp/

I didn’t get my numbers from headlines - I got them right from the BEA.

[JayCT]

Originally Posted by kidyankee764

I didn’t get my numbers from headlines - I got them right from the BEA.

You aren’t the general public. That’s the problem. People don’t get the full story otherwise they would know that overall our economy is very very strong. I can’t tell you how many people think our state’s economy is doing terrible because of those headlines. They are shocked when I tell them that our per capita GDP is among the very top. Again how bad can our economy really be when we have a high per capita GDP, high income and low unemployment? What more does anyone want or expect? Jay