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> Country w/ similar GDP: Chile ($271.9 billion) Texas and Brazil. The largest exporter of cocoa beans in the world, Ivory Coast has a relatively well-developed economy and is wealthier than most countries in the region. > GDP: $546.5 billion Reddit user Landmarker1YT created a map that makes it easy to visualize which states are comparable, population-wise, to some countries. > Mass. Three Cs: Cigarettes, coal, and copper are crucial to Montanas economic stability. - GDP equal to: Morocco ($117.9 billion) plus Guam ($5.9 billion). In its third decade of existence, North Macedonia is finally seeing notable economic growth. as well as image rights, data visualizations, forward planning tools, If youre an investor looking to minimize expenses, consider checking out online brokerages. - GDP higher than: 192 of 212 countries Washington, particularly Seattle, has developed into a tech hub and is home to companies like Amazon and Microsoft. - GDP higher than: 174 of 212 countries > N.D. GDP per capita: $67,244 (Ghana: $1,756). Florida is slightly bigger than the average state, as it ranks 22nd by area. 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. Nearly half of the countrys $70.1 billion in exports in were copper, copper ore, and refined copper. > Mo. It is the coal production that helps put Pennsylvania past Turkey in GDP, despite Turkeys solid production of textiles, iron, and steel. 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. 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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. - GDP higher than: 111 of 212 countries > Country w/ similar GDP: Norway ($481.8 billion) Source: Ken and Nyetta / Wikimedia Commons, Source: Anson Fernandez Dionisio / Getty Images, Source: Mostafameraji / Wikimedia Commons, Source: Public Domain / Wikimedia Commons, ALSO READ: Most Dangerous Countries for Women, ALSO READ: 25 Companies With Over 40 Consecutive Years of Dividend Hikes, ALSO READ: Least Fashionable Cities in America, ALSO READ: Largest Industry in Each State, ALSO READ: Towns in Every State Where You May Not Get to the Hospital in Time. > W.Va. population: 1.8 million (Oman: 4.6 million) A significant portion of Florida is on a peninsula with a diverse collection of islands, marshes, springs, swamps, and hundreds of small lakes, rivers, and ponds. Investing in real estate can diversify your portfolio. Subscribe to our free Stephinitely newsletter. Finance, insurance, real estate, rental, and leasing are some key reasons for Arizonas robust GDP, which surpasses Colombia, a country that is being aided by investment and tax reforms, but is still plagued by high inequality. The Netherlands is one of the largest economies in the European Union. - GDP equal to: Hungary ($157.9 billion) plus Benin ($10.4 billion). - GDP equal to: Ecuador ($108.4 billion) plus Liechtenstein ($6.2 billion). Michigan has a $458.8 billion GDP, roughly in line with the economic output of the South American nation of Argentina. - GDP equal to: Colombia ($331billion) plus Mali ($17.2 billion). GDP per capita: $71,456 (Norway: $91,219). Drag and drop countries around the map to compare their relative size. - 2018 state GDP: $275.7 billion population: 1.9 million (Slovak Republic: 5.4 million) A relatively high 18.5% of Florida's area is covered by water. North Carolina is considered by some as the furniture capital of the world, but it boasts strong finance and insurance industries, too. As of Wednesday, the United States ranked 25th highest for COVID deaths per 100,000 residents since the start of the pandemic. Oklahoma > Iowa population: 3.1 million (Qatar: 2.6 million) Florida is about 70 times smaller than United States. > Wyo. Virginia The countrys wealth is partially due to the discovery of oil offshore in the 1960s. - GDP higher than: 168 of 212 countries Florida, constituent state of the United States of America. > Ariz. population: 7.0 million (Israel: 8.7 million) - GDP equal to: Bangladesh ($274billion) plus San Marino ($1.6 billion). . Virginia has a massive $463.6 billion economy, in line with the total economic output of Nigeria, the most populous country in Africa. $ 29,758. - GDP higher than: 160 of 212 countries Nevada The State of Florida is in the far southeastern region of the United States, and it covers an area of 65,757 sq. > Ark. Both economies are largely focused on manufacturing more than 40% of Polands exports are manufactured goods like cars and computers. Hungary has a varied economy, exporting different products like computers, cars, medical equipment, and more. Yes, cheese is a major contributor to Wisconsins GDP, but a recent surplus due to lack of milk consumption by consumers has created concern. Uzbekistan gained independence after the collapse of the Soviet Union in 1991, but it still has a state-controlled economy. Ten Smallest States Map of the 10 smallest US states by size. The auto industry has been a beacon of Michigans economy for almost a century. > Ind. - 2018 state GDP: $318.9 billion - GDP equal to: Poland ($585.7 billion) plus Sri Lanka ($88.9 billion) Tobacco, the auto industry, and aircraft industry make up some staples of Ohio's GDP figures. Compared to Smallest State > R.I. GDP per capita: $50,446 (Slovenia: $25,662). South Dakota has become a king in the soybean industry. > GDP: $321.1 billion Less stable is Libyas economy, which suffers from political insecurity, power outages, and a booming black market. > GDP: $238.9 billion Look at the usual flat map of the world and it appears that Greenland is nearly as big as Africa. One key contributor to Georgias economy is a growing film industry. storytelling. For reference, Iowas GDP per capita is just $53,798. Algerias economy depends on petroleum, but with oil prices much lower than they were five years ago, the nations exports were nearly cut in half from 2012 to 2017. - GDP equal to: Turkey ($771.4 billion) plus Channel Islands ($11.5 billion). > Country w/ similar GDP: Libya ($46.6 billion) - 2018 state GDP: $77.1 billion - 2018 state GDP: $1.7 trillion Ontario is big. The monthly payments for the $200,000 mortgage includes . Ranking all 50 states by size in square miles including overall area, land area, and water area. Since there are, give-or-take, roughly 200 countries in the world, that means that most of them are in fact smaller than Texas. Pennsylvania This isnt a theoretical analysis, nor are we looking at something that happened years ago. - GDP higher than: 192 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). Meanwhile, the population of United States is ~337.3 million people (318.5 million fewer people live in Florida). Compare the size of US states by selecting two states below. 1 in GDP, followed by Texas and New York. Among the specialized products South Carolina creates are gear boxes for motor vehicles. Indiana, however, is also many times the size of Singapore and home to over a million more people. West Virginia Professional, scientific, and technical services boost Marylands GDP, but liquified natural gas is a new economic stimulator. 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. 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. - GDP higher than: 182 of 212 countries > Country w/ similar GDP: Russian Federation ($1.7 trillion) Florida's death toll, however, remains lower than Italy's - 4,277 in Florida, compared to 34,954 in Italy. - GDP higher than: 202 of 212 countries Croatias economy depends heavily on tourism, and the country ranks as one of the wealthiest former Yugoslav republics. New Jersey The total area of the countryincluding islands like the Azores and Madeira Islandis 92,345 square kilometers (35,655 square miles), slightly smaller than Indiana. While Hawaii exports goods like pineapples and macadamia nuts, oil is its biggest export. Iowa Scroll to read more Arts Stories + Interviews articles. The only states with larger populations than Florida are California and Texas. However, the mass presence of fossil fuels in the states economic process has drawn criticism from some circles. > Ga. GDP per capita: $48,979 (Belgium: $46,079). 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. Israels top export is diamonds, worth over $10 billion in 2017. No corner of the country was untouched by the pandemics economic consequences but some states have emerged better off than others. The southeastern European countrys GDP is $216.3 billion, and Louisianas is $226.6 billion. More than three-quarters of Saudi Arabias exports are oil-related either in crude, refined, or gas form. More than half of Australias $243 billion in exports came from minerals and natural resources like iron, gold, coal, and petroleum. It's so vast that you'd need well over a month to properly explore it all. - 2018 state GDP: $364.1 billion Tallahassee. Brazil. Massachusetts has a $490.2 billion economy, about the same size as Norways. > Wash. GDP per capita: $64,937 (Norway: $91,219). Ohio. Ohio Azerbaijans economy benefits from its oil reserves, but economic growth has been stifled in recent years by corruption. - GDP higher than: 144 of 212 countries You may be surprised at what you find! Alabama > GDP: $91.0 billion Utah 3. As Monaco doesnt have an income tax, the country is known as a tax haven. The presence of Chinese firms have long boosted Hong Kongs GDP, but the current unrest there makes the future of the economy uncertain. The countrys economy centers around manufacturing, with more than a quarter of exports in 2017 in vehicles or vehicle parts. All data used to create the index came from the Bureau of Labor Statistics and the U.S. Census Bureau. We found that most states have a unique industry that inflates their GDP. [4] > Country w/ similar GDP: New Zealand ($181.5 billion) One of the wealthiest states in the country, Massachusetts has a GDP per capita of $71,456. - GDP equal to: Libya ($48.4 billion) plus St. Lucia ($1.9 billion). Despite a larger population, Hungary and Kansas have similarly sized economies, at $153.1 billion and $148.5 billion, respectively. The COVID-19 pandemic sent economic shockwaves through the U.S. economy, tripling the monthly unemployment to nearly 15% and leading to a more than 30% quarterly decline in GDP by far the largest economic contraction in U.S. history. However, to produce about the same amount . This is how all 50 state economies rank. Poverty also remains a considerable challenge in the country. 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. And Japan, among other countries, has been much more accepting of wearing masks and social-distancing in public spaces. Oil has pumped billions into North Dakotas GDP numbers over the past decade. Click here to see how GDP of U.S. States compares to countries around the world. Germany, Europe's biggest economy, has a GDP roughly the same as 12 of the eastern states, at $3.35 trillion in 2015. Californias massive economy is bolstered by its nearly 40 million residents and a diverse range of industries, from agriculture to technology. Still, their populations closely align, as they are each home to some 5.6 million people. According to the CDC, the results haven't been too bad. Poland has the sixth largest economy in the European Union with a GDP of just over $600 billion, roughly in line with Ohios GDP. Kuwait has a relatively open political system for the region, and it has more proved oil reserves than all but a handful of other countries worldwide. Connecticut GDP per capita: $37,930 (Morocco: $3,292). It has also been a refuge for people and groups displaced by violence. Comparing each state's GDP to countries around the world, Counties in every state with the fastest-growing income, American cities that have grown the most since 1950, Biggest corporate subsidies of the last 20 years, Most progressive and regressive taxation states, Entrepreneurs who built companies after age 40, States where you are most likely to hit a deer, one of the highest per capita GDPs in central Europe, 50 ways the housing market has changed in the past 50 years, The most conservative public colleges in America. - 2018 state GDP: $527.1 billion Yes, Idahos economy is boosted by potatoes, but just as important is milk. Agriculture is key to Moroccos GDP too, but so are aerospace and tourism. - GDP equal to: Ethiopia ($84.4 billion) plus Tuvalu ($42.6 million). Finding a qualified financial advisor doesnt have to be hard. As for COVID, Florida has some explaining to do. This analysis used COVID tracking data from the World Health Organization, Johns Hopkins University and the Centers for Disease Control and Prevention. In some cases, small areas produce a bigger GDP than larger, as in the case of New Jersey: no. - 2018 state GDP: $178.1 billion We have a choice in this fight. - GDP higher than: 191 of 212 countries I t's easy to forget how large the United States is for one country, especially when you compare it to a continent like Europe that's made up of so many smaller countries. Oil and gas are similarly important to Canadas GDP, with Western Canada as a major location for wells and drilling. > Ala. population: 4.9 million (Kazakhstan: 18.0 million) Delaware is often the butt of a joke as one of the smaller American states"The Simpsons"once mocked that one of their main industries is screen door factories. Though Algerias population is more than eight times the size of South Carolinas population, and the country has a landmass that is over 28 times the size of the state, the two geographic areas have nearly the exact same GDP. Same goes for comparing the last month to last week, which wasnt very good for Florida either. 46. > Country w/ similar GDP: Singapore ($310.0 billion) By GDP, however, the two are more closely matched. > Vt. population: 623,657 (Latvia: 1.9 million) Iraq has about nine times as many people as Oregon, however, meaning its GDP per capita is about one-ninth of Oregons. In an international context, however, we find that the population sizes of many US states make them comparable to numerous foreign countries. For one, not every country reports COVID numbers the same way. - GDP higher than: 177 of 212 countries Of the countrys $60.8 billion in exports, 95% are crude petroleum. This includes the Everglades in the southern tip of the state, which are the largest tropical wilderness in the country and one of the largest tropical wildernesses in the Americas. While economists, politicians, and stockbrokers fret over each decimal point of movement in an areas gross domestic product (GDP), sometimes its good to keep a frame of reference in mind. By 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. Everyone knows that the top two economies in the world are China and the U.S., and the U.S. is first by a decent margin and has been top for around a century now. Latvia, a former Soviet republic in northeastern Europe, transitioned to a free market economy in the 1990s. [emailprotected]. Florida ranks No. A common debate at the bar and on the internet regularly centers on how one state could stand on its own independently. - GDP equal to: Pakistan ($314.6 billion) plus Sierra Leone ($4.1 billion). > Country w/ similar GDP: Nigeria ($460.5 billion) You may also like: The most conservative public colleges in America, - 2018 state GDP: $93.8 billion U.S. national defense spending is the heart and soul of Guams economy. 2022 Texas Gubernatorial. Despite having almost 57 million less residents, Delawares mighty economy trumps that of Myanmar and the Central African Republic. - GDP higher than: 203 of 212 countries Answer (1 of 13): The US has a bigger economy, population and land area compared to Italy. While confronted with climate change questions, oil and gas remain a driving force of the economy in Texas. Bermuda is heavily dependent on tourism for its GDP. Over half of its $31.2 billion in exports in 2017 were either crude petroleum, petroleum gas, or refined petroleum. Floridas growing economy is on the right path forward as the Florida Chamber Foundation, through its Florida 2030 Blueprint, works to grow Floridas economy to the 10th largest in the world by 2030. Washington, D.C., and U.S. dependencies are included as well. Uruguay's population has remained largely steady over the last decade. At home, environmental factors, new technology, and ever-changing laws cause the GDPs of some states to stagnate. > GDP: $458.8 billion - GDP equal to: Qatar ($191.4 billion) plus Guinea ($10.9 billion). On this page. Stacker believes in making the worlds data more accessible through > Country w/ similar GDP: India ($2.6 trillion) - GDP higher than: 141 of 212 countries > Mass. > Del. Florida has approximately 9.88% the land area of Alaska. - GDP equal to: Netherlands ($913.7 billion) plus Morocco ($117.9 billion). Although Dorothy landed in Oz and not Hungary, her home state surpasses the Central European nation known for machinery, construction materials, and processed foods. To help mitigate those differences, we grouped together Europes five largest economies Germany, U.K., France, Italy and Russia. Wisconsin > Country w/ similar GDP: Cote dIvoire ($39.5 billion) Compare your state to Alaska. To determine the states with the best and worst economies, both in the years leading up to the pandemic and during it, 24/7 Wall St. created an index of five measures five-year economic growth, five-year employment growth, the poverty rate, unemployment rate, and share of adults with a bachelors degree or higher. > Miss. Not only do Colorado and Singapore have similar GDPs, but also their population size is nearly identical at around 5.6 million. > Country w/ similar GDP: Oman ($74.8 billion) > GDP: $323.3 billion Like other countries in the region, Oman relies heavily on exports of crude oil and petroleum products. about 0.3 times the size of Washington, DC. - GDP higher than: 195 of 212 countries - GDP equal to: Nigeria ($397.3 billion) plus Albania ($15.1 billion). The second largest state economy in the country, the GDP of Texas rivals that of world superpower Russia. Select two states below to get started. We also combined the rest of the worlds five largest economies China, Japan, India, Brazil and Canada. Even more significant is the GDP of each . Though the population of Hungary is more than triple the population of Utah, the European country covers a land mass less than half the size of Utah. The U.S. is still ahead in a race no one wants to win. In Ecuadors economy, wood products and seafood are bountiful. On the opposite end of the spectrum, Singapore is tethered to machinery and oil, with Eritrea reliant on mining. > GDP: $480.9 billion > Country w/ similar GDP: Iraq ($208.6 billion) If your organization is interested in becoming a Stacker This crisis is ongoing. 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. > Country w/ similar GDP: Oman ($74.8 billion) North Carolina The size of North Carolinas economy, like that of Massachusetts and Washington, is closest to that of Norways. Kazakhstan, a country 15 times the size of Oklahoma by landmass and nearly five times as large by population, has a similarly sized economy. > Hawaii GDP per capita: $55,668 (Myanmar: $1,490). Still, there are four states with GDPs over $1 trillion. California Just because a country (or two) may have more residents than a U.S. state, this does not mean its GDP is healthy. The country is pulling out of a major economic contraction that started in 2009. - GDP higher than: 191 of 212 countries Louisianas economy relies heavily on its energy sector. 47 by population. > Wash. population: 7.4 million (Norway: 5.3 million) A range of factors, including industrial diversity, labor force education levels, household income, and long-term GDP growth, have an effect on a states overall economic strength and its ability to withstand the impact of the pandemic. With New York City often considered the epicenter of the world and a place that attracts opulence, it makes sense that New York is a big exporter of diamonds, paintings, rubies, and gold. Cotton and whisky are two notable industries in Tennessee. > Wyo. > Md. - GDP equal to: Myanmar ($71.2 billion) plus Liechtenstein ($6.2 billion). - 2018 state GDP: $865.3 billion Want more of our free, weekly newslettersinyourinbox? Yes, lobsters are a main part of Maines economy, but so are circuits and Atlantic salmon. > Country w/ similar GDP: Iran, Islamic Rep. ($560.9 billion) Oregon > W.Va. GDP per capita: $38,860 (Oman: $16,144). With much of Virginia within commuting distance to Washington D.C., the state is home to some of the largest defense contractors in the world. We then added Israel because it was quick to vaccinate much of its population, and New Zealand, which has one of the best track records of combatting COVID, though the small nation in the southwestern Pacific used strict lockdowns that likely would not have had the same success in much larger, non-island nations. Alaska is bigger than most people realize. > Texas population: 28.3 million (Russian Federation: 144.5 million) 2022 California Gubernatorial. - 2018 state GDP: $54.7 billion - GDP equal to: Egypt($250.9 billion) plus Liechtenstein ($6.2 billion). You may also like: Best value public colleges in America, - 2018 state GDP: $569.5 billion We could also say that Florida has an area 57% the size of Italy. Kazakhstan stays afloat on strongholds in oil, iron, steel, and copper. - GDP equal to: Argentina ($519.9 billion) plus Monaco ($7.2 billion). According to a neat overlay map posted to Reddit by user martinswfan, you can fit 30 European countries into the continental US. But how do the countrys COVID numbers measure up to the rest of the world, and what might we learn from the comparison? - GDP higher than: 129 of 212 countries The relatively young country on the western shore of the Mediterranean Sea also exports billions of dollars worth of chemical products like medicine, pesticides, and fertilizer. Starting with the basics, the World Health Organization and Johns Hopkins University track COVID cases and deaths in about 238 nations. GDP per capita: $66,776 (Cte dIvoire: $1,626). > Alaska GDP per capita: $70,683 (Guatemala: $3,124). Alaska, which is the largest state, has among the lowest state populations in the country. 24/7 Wall St. identified the country with the GDP that most closely matches the size of the economy of each state. Thanks to the booming tech industry in Huntsville and surrounding areas, Alabamas GDP received a boost of $22 billion. > Tenn. population: 6.7 million (Singapore: 5.6 million) You may also like: 50 most congested cities in America, - 2018 state GDP: $168.3 billion - GDP higher than: 157 of 212 countries Despite the setback, Floridas economy still expanded by an annual average of 2.2% over the last five years, well above the comparable 1.4% national annualized growth rate. However, because Norway is home to about 1.6 million fewer people than Massachusetts, its GDP per capita is even higher, at $91,219. Brit. However, the Miami metro area is the state's most populous area, with a population of well over 6 million people. 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. Benins new free market economy is showing signs of growth, with cotton as an anchor. - GDP equal to: Iraq ($224.2 billion) plus Haiti ($9.7 billion). Texas is equal to 2.86 UKs. New Mexicos GDP is becoming heavily influenced by the tech industry. A lack of private sector job creation has affected Serbias GDP. COVID changed the world and the global economy, and the new numbers for 2020 are out, showing Florida's growth compared to the rest of the world. Argentinas economy is heavily dependent on agricultural exports like soybeans and soybean meal, corn, and wheat. GDP per capita: $48,377 (Romania: $11,045). Lets choose wisely. Partially as a result, the states economy contracted by 2.1% from the end of 2019 through the end of 2020. Barring congressional changes, money will deplete by 2034, Young runners outpace the Gasparilla Distance Classic 8K field, Bucs raise ticket prices by 7.5 percent on new season-pass members, Groups gather in St. Petersburg park to shed light on local violence, Science magazine recently called Israels rising death, nations most closely watched forecasting model, Robert Kennedys killer should not go free. > N.J. population: 9.0 million (Iran, Islamic Rep.: 81.2 million) Aluminum is one of Cameroons main industries, while Sao Tome and Principe is known for its cocoa bean industry. Florida encompasses 65,757 square miles, which would make it the 90th largest country in the world, according to Self Storage, and would make it just above the median size of a country. - GDP equal to: New Zealand ($204.9 billion) plus Curacao ($3.1 billion). - GDP higher than: 153 of 212 countries The size of the 50 U.S. states, listed from largest to smallest. The Solomon Islands economy relies on agriculture, fishing, and forestry remain constants in. Arkansass GDP tops Moroccos, even though the country boasts a diverse economy made up from lively agriculture, aerospace, and phosphates industries. questions about the economy? > Conn. population: 3.6 million (Portugal: 10.3 million) Florida is known for being one of the biggest states, but this reputation actually comes from the state's population, not its area. For almost two centuries, cotton has been essential to Oklahomas economy. - GDP higher than: 192 of 212 countries. - 2018 state GDP: $169.3 billion Tobacco, the auto industry, and aircraft industry make up some staples of Ohios GDP figures. Resource extraction is also a pillar of Ghanas far less diversified economy. Science magazine recently called Israels rising death count a grim warning that vaccinations have blunted but not defeated the delta variant.