- GDP equal to: Ecuador ($108.4 billion) plus Liechtenstein ($6.2 billion). Oregon Gross domestic product, or GDP, is the total value of goods and services a state or country produces over a given period. today Florida, if it were an independent country, would be the 15th largest economy in the world. Hungary is home to 9.8 million people, more than triple the population of Kansas. Connecticut Compared to Smallest State - GDP higher than: 174 of 212 countries While much of that money went to hotels and recreation, other sectors of the Florida economy get a . - GDP higher than: 127 of 212 countries Or they obviously cook the numbers to disguise the extend of the problem were looking at you, China. You may be surprised at what you find! The countries on this list which span six continents are in varying stages of development. Mercator's map inadvertently also pumps up the sizes of Europe and North America. - GDP equal to: Hungary ($157.9 billion) plus Benin ($10.4 billion). Myanmar has been racked by political instability and atrocities in recent years. More than half of Australias $243 billion in exports came from minerals and natural resources like iron, gold, coal, and petroleum. Of all the nations in the world, Colorados $323.3 billion economy most closely matches that of Singapore. Andrei Vasilevskiy, Lightning shut down Red Wings, FSU rallies from 25 points down, stuns No. 3. Argentinas economy is heavily dependent on agricultural exports like soybeans and soybean meal, corn, and wheat. - 2018 state GDP: $50.3 billion No corner of the country was untouched by the pandemics economic consequences but some states have emerged better off than others. population: 6.1 million (Malaysia: 31.6 million) Similarly, Texas is the top oil and natural gas-producing state in the U.S. | Analysis. Floridas economy grows to 15th largest in the world, up from 17th. Thats enough for now to hold off Israel, a country that continues to have a rapidly growing economy, thanks to a bustling tech industry. Benin, meanwhile, is relatively reliant on cotton. - GDP equal to: Myanmar ($71.2 billion) plus Bermuda ($5.6 billion). It posted a record-breaking 87.3 million visitors in 2011. Latvia, meanwhile is all about processingfoods, metals, and woodas part of its trade strategy. > Wyo. Among other diverse economic growth, Floridas economy has added manufacturing jobs (+6.0%) while the U.S. lost them (-1.7%), landing at #2 in total manufacturing job creation over the past 5 years, and #5 in growth rate. Tallahassee. - GDP higher than: 130 of 212 countries There are a few guidelines and Still, there are four states with GDPs over $1 trillion. > Pa. population: 12.8 million (Saudi Arabia: 32.9 million) > GDP: $238.9 billion Tennessee > R.I. population: 1.1 million (Slovenia: 2.1 million) Some have highly advanced innovation-driven economies, while others are dependent on resource extraction or agriculture. New Yorks economy is so diverse that it equals the GDP of Russia, a country that is a major world power player in moving oil, gas, and metals. Kansas > Va. GDP per capita: $54,730 (Nigeria: $2,412). Kentuckys population of 4.5 million is also closely aligned with New Zealands 4.8 million residents. As of Wednesday, the United States ranked 25th highest for COVID deaths per 100,000 residents since the start of the pandemic. The unemployment rate in Portugal is estimated at 7.3%, well above Connecticuts 2018 jobless rate of 4.1%. Per capita GDP by state came from the BEA and is also for 2017. The countrys economy centers around manufacturing, with more than a quarter of exports in 2017 in vehicles or vehicle parts. The countrys wealth is partially due to the discovery of oil offshore in the 1960s. > Country w/ similar GDP: Russian Federation ($1.7 trillion) Compared to the United States it is tiny. To be blunt: Too many people are still dying from COVID, and at a much higher rate in Florida than any other place in our comparison. One of the wealthiest states in the country, Massachusetts has a GDP per capita of $71,456. > Country w/ similar GDP: Libya ($46.6 billion) The way North Carolina relies on furniture, Tajikistan is reliant on minerals. All data used to create the index came from the Bureau of Labor Statistics and the U.S. Census Bureau. > Colo. population: 5.6 million (Singapore: 5.6 million) > GDP: $590.7 billion Wheat, once a strength of Oregons economy, has fallen on hard times. Massachusetts has a $490.2 billion economy, about the same size as Norways. Thus, the US is 107 times bigger than Portugal. The United States fares okay, but that graph doesnt scream American exceptionalism. Several of the other countries have kept deaths at far lower rates. Arkansas economy generated $114.0 billion in 2017, roughly in line with the GDP of Morocco, a North African nation with a population nearly 12 times that of Arkansas. On a per capita basis, Singapore is wealthier than Tennessee. > GDP: $55.6 billion To that end, most Stacker stories are freely available to Key Facts. New Hampshire is another state where civilian aircraft, engines, and parts are prime exports. This page lists the total size (land plus water) and the land area for the 50 US states. > Texas population: 28.3 million (Russian Federation: 144.5 million) Michigan > Country w/ similar GDP: Kazakhstan ($196.0 billion) Internal corruption and uncertainty in the European Union have similarly worsened Romanias economic outlook. - GDP equal to: Qatar ($191.4 billion) plus Guinea ($10.9 billion). Here's British Columbia, outlined by yours truly. In an international context, however, we find that the population sizes of many US states make them comparable to numerous foreign countries. - GDP higher than: 174 of 212 countries - GDP higher than: 163 of 212 countries > Wash. GDP per capita: $64,937 (Norway: $91,219). > Ky. population: 4.5 million (New Zealand: 4.8 million) Follow @TBTimes_Opinion on Twitter for more opinion news. SmartAssets free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. 13 Miami, Top Rays pitching prospect Taj Bradley makes dazzling debut, Lightning acquire Tanner Jeannot from Predators, Jon Mott not too tired to win again at Gasparilla Distance Classic, Florida Highway Patrol car hits, kills Pasco bicyclist, St. Petersburgs Christina Welsh runs away with Gasparilla weekend, Why IndyCars most popular driver almost moved to St. Petersburg, When will Social Security sunset? Its GDP compares favourably to that of France, which produced $2.42 trillion during the same period. GDP per capita: $59,983 (Malaysia: $11,528). Florida was the 27th state to be admitted to the Union in 1845. Florida ranks No. General taxation revenue is the primary source of funding, but in many countries it is supplemented by specific charge (which may be charged to the individual or an employer) or with the option of private payments (by direct or optional insurance) for services beyond those covered by the public system. Dominicas economy has shifted from bananas to tourism. Massachusetts - 2018 state GDP: $257.3 billion - GDP higher than: 189 of 212 countries To publish, simply grab the HTML code or text to the left and paste into Georgia > GDP: $207.7 billion As Monaco doesnt have an income tax, the country is known as a tax haven. The countrys economy has struggled since leader Muammar Gaddafi was deposed in 2011, leading to a power vacuum that has caused the country to fracture politically. Tourism is a major draw in and around the Channel Islands. For almost two centuries, cotton has been essential to Oklahomas economy. > Wis. population: 5.8 million (Israel: 8.7 million) Michigan has a $458.8 billion GDP, roughly in line with the economic output of the South American nation of Argentina. > GDP: $363.0 billion GDP per capita: $42,276 (Lebanon: $7,103). > Country w/ similar GDP: Ghana ($50.6 billion) Vermonts economy is far more developed, generating the same output as Latvia with about a third of the population. State populations and employment concentration by industry came from the U.S. Census Bureaus 2017 American Community Survey. - GDP higher than: 158 of 212 countries > Country w/ similar GDP: Singapore ($310.0 billion) > GDP: $150.1 billion The other downside of this is that the aggregation of American states has led to a habit of treating smaller and medium-sized states as if they are insignificant. > Calif. GDP per capita: $65,160 (India: $1,965). - GDP higher than: 141 of 212 countries The nations most closely watched forecasting model predicted 98,000 more COVID deaths in the United States by Dec. 1, which would bring the countrys somber tally to 730,000. That increase is the equivalent of everyone in Largo plus half of Dunedin dying in about three months. > Okla. GDP per capita: $48,569 (Kazakhstan: $10,868). Its closest comparison on a global stage is India, which is home to 1.3 billion people, making it the second most populous country in the world by population. > Vt. population: 623,657 (Latvia: 1.9 million) The same forecast showed that if nearly everyone wore masks in public indoor spaces, we could cut the increase in deaths in half. Finding a qualified financial advisor doesnt have to be hard. Its total area is 65,758 square miles. - GDP higher than: 160 of 212 countries Like West Virginia, Oman is also resource rich. Others dont have the resources to confirm and record every death India, for instance. The state and the country have the tools to fight the delta variant. Germany, Europe's biggest economy, has a GDP roughly the same as 12 of the eastern states, at $3.35 trillion in 2015. Florida attained statehood in 1845, yet not until a pair of railroad barons built lines down the Atlantic and Gulf coasts in the late 1800s and early 1900s . We will place both states on top of each other on the same map in order to show you their relative size. Country populations are 2017 estimates from the World Bank. How that at 261,231 square miles of land, Texas would be the 39th-largest country by land area in the world, coming in just behind Zambia and ahead of Myanmar. A war-torn country for most of the 21st century, first with the United States then ISIS, Iraq has relied on oil to keep its economy afloat. > GDP: $463.6 billion - GDP equal to: Poland ($585.7 billion) plus Sri Lanka ($88.9 billion). Not only do Colorado and Singapore have similar GDPs, but also their population size is nearly identical at around 5.6 million. 2020 New Hampshire Presidential Poll. Wisconsin - GDP higher than: 135 of 212 countries A lack of private sector job creation has affected Serbias GDP. Washington is one of three states, along with Massachusetts and North Carolina, that has an economic output most similar to that of Norway. China and India have clearly made great leaps forward in both absolute and relative terms. Copyright 2023 | Florida Chamber of Commerce | All Rights Reserved. > Country w/ similar GDP: Singapore ($310.0 billion) As you can see, BC is larger than the UK (243,600 km) and Ireland (84,420 km). Pakistan relies on mostly textiles and some pharmaceuticals to build its GDP. GDP per capita: $71,456 (Norway: $91,219). North Dakotas economy is heavily dependent on resource extraction, an industry that flourished in the last 10 years due to new developments in hydrofracking methods methods that allow for the extraction of natural gas in the states Bakken Formation. The list was created using 2018 GDP data (released in 2019) from the Bureau of Economic Analysis and the World Bank. Sierra Leone is almost exclusively reliant on mining. Overall, the US produced 24.3% of world GDP in 2017, with only about 4.3% of the world's population. > GDP: $322.4 billion On the opposite end of the spectrum, Singapore is tethered to machinery and oil, with Eritrea reliant on mining. New Mexicos economy relies on industries like agriculture, forestry, mining, and arts, entertainment, and accommodation, which employ a larger than typical share of workers in the state. > R.I. GDP per capita: $50,446 (Slovenia: $25,662). > Mass. > GDP: $169.2 billion > S.D. What about over the last month, ending Wednesday? Technology has made our lives easier in many ways. The size of North Carolinas economy, like that of Massachusetts and Washington, is closest to that of Norways. With the delta variant spreading, its a good time to make some COVID comparisons. > GDP: $315.1 billion - GDP higher than: 141 of 212 countries It's as wide as the lower states and larger than Texas, California, and Montana combined. > Country w/ similar GDP: Guatemala ($52.8 billion) Nebraska New York state, home to one of the financial capitals of the world, is one of three states with an economic output that exceeds $1 trillion. - GDP equal to: Argentina ($519.9 billion) plus Monaco ($7.2 billion). > Country w/ similar GDP: India ($2.6 trillion) - 2018 state GDP: $208.1 billion South Dakotas economic output is $45.4 billion, one of the lowest state GDP figures and roughly equivalent to that of Libya, a country on the northern coast of Africa. > Maine population: 1.3 million (Azerbaijan: 9.9 million) Florida has more Covid-19 cases than most countries If Florida were a country, it . - 2018 state GDP: $233.9 billion The presence of Chinese firms have long boosted Hong Kongs GDP, but the current unrest there makes the future of the economy uncertain. To help sift out China and Indias underreporting, we excluded those two countries from a third group included on the charts below. Although Dorothy landed in Oz and not Hungary, her home state surpasses the Central European nation known for machinery, construction materials, and processed foods. > Country w/ similar GDP: Norway ($481.8 billion) A relatively high 18.5% of Florida's area is covered by water. questions about the economy? The majority of U.S. states are smaller in both population and landmass than the country with the closest GDP. New York Columnist Stephanie Hayes will share thoughts, feelings and funny business with you every Monday. Pennsylvania, particularly in its southwest counties, is a major producer of coal. Offering more than just Ben & Jerrys, Vermont is a state becoming recognized for its tech industry growth. Croatia creates fabricated metals and machine tools, while Guyana has seen a boost in gold production, which has compensated for declining sugar production. You may also like: Countries with the most oil and who they're selling it to. > Neb. - GDP higher than: 157 of 212 countries - 2018 state GDP: $275.7 billion - 2018 state GDP: $366.8 billion America's second-largest state economyTexasproduced nearly $1.9 trillion of economic output in 2019, which would have ranked the Lone Star State as the world's 9th largest economy last year. > N.C. GDP per capita: $47,142 (Norway: $91,219). > GDP: $100.1 billion > Country w/ similar GDP: Morocco ($119.3 billion) > Md. Instead, the state has some of the largest shares of workers employed in the information and finance industries. - GDP higher than: 136 of 212 countries 2020 Iowa Presidential Poll. At 7 692 024 km 2, it accounts for just five percent of the world's land area of 149 450 000 km 2, and although it is the smallest continental land mass, it is the world's largest island. Croatia is home to four times as many people as Delaware and its landmass is nearly nine times the size of the state. Compare your state to Alaska. Germany's area is approximately 137,847 square miles (or 357,022 square kilometers if you're German). Saudi Arabias economy is built on the back of its oil exports, and the country is a founding member of the Organization of Petroleum Exporting Countries, or OPEC. > Ark. > Ohio GDP per capita: $50,666 (Poland: $15,823). Tobacco, the auto industry, and aircraft industry, Best jobs that don't require a college degree, Countries with the most oil and who they're selling it to, https://creativecommons.org/licenses/by-nc/4.0/?ref=chooser-v1. Delaware Roulette and slot machines are less prevalent in Chad, which banks on oil and agriculture. State leaders in Arizona are promising more education spending made possibleby economic growth that includes a $750 million surplus for the 2021 budget year. It was admitted as the 27th state in 1845. Every day you run your business and every day politicians and bureaucrats in Tallahassee make decisions that impact it. Although this makes Germany the largest country in Central Europe and the 6th largest in all of Europe, it's pretty paltry compared to the 3,796,742 square miles (or 9,833,520 square kilometers) of the United States. Wisconsin is nearly eight times the size of Israel by landmass, but it has a smaller population, and the two areas have a similar economic output of more than $290 billion. > Minn. population: 5.6 million (Singapore: 5.6 million) California is similar in population to Iraq, Texas is comparable to Venezuela, and all of Chile could be contained within New York. - GDP equal to: Singapore ($364.2 billion) plus Eritrea ($2.6 billion). More recent data out of the US suggests that gun ownership . - 2018 state GDP: $64.9 billion Drag and drop countries around the map to compare their relative size. When it comes to real estate, however, consumers should be wary of relying too heavily on estimates from websites like Zillow. As for COVID, Florida has some explaining to do. > Va. population: 8.5 million (Nigeria: 190.9 million) Tech industries have certainlyboosted the Golden States economyThe Guardian recently noted how Silicon Valley alone would be one of the worlds richest countries. But Texas might not seem as big compared to an entire continent like Europe. > GDP: $883.1 billion > Utah population: 3.1 million (Hungary: 9.8 million) Home to 31.6 million people, the Southeast Asian nation of Malaysia is over five times more populous than Maryland, a state with 6.1 million people. Conversely, a relatively small amount of New Jerseys economic output comes from natural resources. ; Connecticut covers about 14,357 km 2 which makes it the third smallest state, of which 12,559 km 2 . mi. Today, it is one of the most open and developed economies in the world. > Country w/ similar GDP: Chile ($271.9 billion) Click here to see how GDP of U.S. States compares to countries around the world. > Country w/ similar GDP: Poland ($600.9 billion) Portugal's Atlantic coastline is 837 kilometers long, about 520 miles. Virginia has a massive $463.6 billion economy, in line with the total economic output of Nigeria, the most populous country in Africa. - GDP higher than: 194 of 212 countries Even with all of its oil wealth, Saudi Arabia's GDP in 2018 at $683 billion was below the GDP of US states like Pennsylvania ($793 billion) and Illinois ($863 billion). > Ky. GDP per capita: $41,463 (New Zealand: $37,853). Is Greenland really as big as all of Africa? > GDP: $745.3 billion - GDP higher than: 177 of 212 countries Qatars $173.4 billion GDP is only slightly higher than Iowas $169.2 billion GDP even though it is home to half a million fewer people than the Midwestern state. Home to 1.4 million people, Hawaiis economy generated $79.5 billion in 2017, nearly the same as the GDP of Myanmar, a country with a population over 37 times that of Hawaii. Floridas growing economy is on the right path forward as the Florida Chamber Foundation, through its. - GDP higher than: 156 of 212 countries 7 by GDP, but no. Within the United States, it contains the highest percentage of people over 65 (17.3%), and the 8th fewest people under 18 (21.9%). > W.Va. GDP per capita: $38,860 (Oman: $16,144). Following nearly five decades of oppressive military rule, the country held free elections in 2015, only to draw international condemnation two years later for what has been deemed ethnic cleansing of the countrys Rohingya Muslim population. - GDP equal to: Romania ($239.6 billion) plus Marshall Islands ($0.2 billion). During the past two months, however, Florida's daily average has plummeted by more than 90 percent, to about 1,700 cases, or eight for every 100,000 residents. Motor vehicles, iron, and steel buoy Swedens economy. The United States gained its economic-superpower status through consumer spending and highly developed industries that are backed by advanced technology and vast natural resources. > Ariz. population: 7.0 million (Israel: 8.7 million) On 7 August, the government announced a further 25 billion ($29.5bn) stimulus package which included plans to extend its furlough scheme for up to Peru is the 20th largest country in the world, with a total area of approximately The US economy is so big . - GDP higher than: 208 of 212 countries A great tool for educators. Florida's death toll, however, remains lower than Italy's - 4,277 in Florida, compared to 34,954 in Italy. Kentucky generated $184.7 billion in economic output in 2017, closely in line with New Zealands $181.5 billion GDP. Louisianas economy relies heavily on its energy sector. Uzbekistan gained independence after the collapse of the Soviet Union in 1991, but it still has a state-controlled economy. Minnesota is one of the larger states by landmass, while Singapore is a small island city-state less than one-three-hundredth the states size. Africa is bigger than China, India, the contiguous U.S. and most of Europecombined! Home of the American auto industry, Michigan has a strong manufacturing sector that employs nearly one in every five workers in the state, a larger share than in any other state. Manufacturing, and finance and insurance are two pillars of Illinois GDP. Three Cs: Cigarettes, coal, and copper are crucial to Montanas economic stability. Free Will Astrology: Is the soul shaped like an iceberg or a hummingbirds eye? > Minn. GDP per capita: $57,809 (Singapore: $55,236). 2022 California US Senate. - 2018 state GDP: $73.5 billion Apr 30, 2018. In 2021 the population of Texas was about 29.53 million people which is roughly 8.8% of the total US population of 332 million people. > Ill. GDP per capita: $58,217 (Saudi Arabia: $20,771). The picture gets worse for Florida when looking at just the last month. Norway recently developed into a major exporter of petroleum after discovering offshore reserves. The Florida Chamber Foundation does not lobby or conduct any political activities whatsoever. An important observation: Israel has a high vaccination rate and enjoys a robust health care system accessible to most residents. One of the tiger economies of Asia, Singapore underwent an economic boom in the 1980s and 1990s. Among Virginias major exports are road tractors for semi-trailers, spacecraft, and tobacco. Indianas $321.1 billion economy is only slightly larger than Singapores $310.0 billion economy. - GDP equal to: Poland ($585.7 billion) plus Latvia ($34.4 billion). Though Iraq is not often considered an economic powerhouse, it has a GDP of over $200 billion very similar to Oregons economic output. Consequently, the landscape varies greatly . The sixth largest producer of crude oil and fourth largest producer of natural gas, Oklahomas $190.9 billion economy is heavily dependent on energy production. Thanks in large part to its energy sector, Alaskas $52.3 billion GDP is closely aligned with that of Guatemala, a country with a population nearly 23 times that of Alaska. The members of the Editorial Board are Editor of Editorials Graham Brink, Sherri Day, Sebastian Dortch, John Hill, Jim Verhulst and Chairman and CEO Paul Tash. This article represents the opinion of the Tampa Bay Times Editorial Board. Indiana In fact, it's 1.076 million km, and has almost 14 million residents according to the province's 2016 data.. > Country w/ similar GDP: Malaysia ($364.6 billion) > GDP: $226.6 billion > GDP: $45.4 billion Nebraskas 1.9 million residents produce an economic output of over $111 billion, close to that of the Slovak Republic, or Slovakia. In other words, Florida is approximately 42.56 times larger than Rhode Island. Aluminum is one of Cameroons main industries, while Sao Tome and Principe is known for its cocoa bean industry. > Country w/ similar GDP: Myanmar ($79.5 billion) > Mich. GDP per capita: $46,055 (Argentina: $10,397). Though Washington is one of the more productive states relative to its size with a nearly $65,000 GDP per capita, Norways per capita output of over $91,000 is greater. > Tenn. population: 6.7 million (Singapore: 5.6 million) And, of course, more unvaccinated people getting the jab would help, too. > Country w/ similar GDP: Iran, Islamic Rep. ($560.9 billion) - GDP equal to: Macao SAR, China ($55.1 billion) plus Vanuatu ($0.9 billion). > Fla. GDP per capita: $42,085 (Netherlands: $53,598). - GDP higher than: 169 of 212 countries Michigan, of course, is the center of Americas auto industry, but electric cars and worries over global warming keep that industry on its toes as it looks to maintain its grip. > Wash. population: 7.4 million (Norway: 5.3 million) It's had more deaths . - 2018 state GDP: $1.7 trillion > N.H. GDP per capita: $55,413 (Oman: $16,144). - 2018 state GDP: $128.4 billion 2022 California Gubernatorial. A majority of Connecticuts GDP comes from private industries: manufacturing, wholesale trade, and real estate and rental leasing among the major contributors. - 2018 state GDP: $189.7 billion Tech jobs have made Massachusetts a state with a healthy GDP, and the Bay State sends goods to India, China, and Singapore with regularity. > GDP: $323.3 billion - 2018 state GDP: $239.8 billion Slovenia still has one of the highest per capita GDPs in central Europe, while American Samoa has seen slight economic growth thanks to fixed private investment and export of goods. Brazil. > GDP: $700.8 billion Missouri counts on motor vehicles (particularly motorcycles), corn, and pork to steady their economy.
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