June 25, 2007

STATE GROSS DOMESTIC PRODUCT COMPARED TO COUNTRY GDPs

The creator of this map broke down U.S. Gross Domestic Product (GDP) into the GDPs of individual states, and then compare those to other countries' GDP (click on the image for a larger view).

Country_GDP_StateMap.jpg

From StrangeMaps:

Gross Domestic Product (GDP) is a convenient way of measuring and comparing the size of national economies. Annual GDP represents the market value of all goods and services produced within a country in a year. Put differently:

GDP = consumption + investment + government spending + (exports ñ imports)

Although the economies of countries like China and India are growing at an incredible rate, the US remains the nation with the highest GDP in the world ñ and by far: U.S. GDP is projected to be $13,22 trillion (or $13.220 billion) in 2007, according to this source. That is almost as much as the economies of the next four (Japan, Germany, China, UK) combined.

The creator of this map has had the interesting idea to break down that gigantic U.S. GDP into the GDPs of individual states, and compare those to other countriesí GDP. What follows, is this slightly misleading map ñ misleading, because the economies both of the U.S. states and of the countries they are compared with are not weighted for their respective populations.

Pakistan, for example, has a GDP that is slightly higher than Israelís ñ but Pakistan has a population of about 170 million, while Israel is only 7 million people strong. The U.S. states those economies are compared with (Arkansas and Oregon, respectively) are much closer to each other in population: 2.7 million and 3.4 million.

And yet, while a per capita GDP might give a good indication of the average wealth of citizens, a ranking of the economies on this map does serve two interesting purposes: it shows the size of US statesí economies relative to each other (California is the biggest, Wyoming the smallest), and it links those sizes with foreign economies (which are therefore also ranked: Mexicoís and Russiaís economies are about equal size, Irelandís is twice as big as New Zealandís).

Here is a run-down of the 50 states, plus DC:

  1. California, it is often said, would be the worldís sixth- or seventh-largest economy if it were a separate country. Actually, that would be the eighth, according to this map, as France (with a GDP of $2,15 trillion) is #8 on the aforementioned list.
  2. Texasí economy is significantly smaller, exactly half of Californiaís, as its GDP compares to that of Canada (#10, $1,08 trillion).
  3. Florida also does well, with its GDP comparable to Asian tiger South Koreaís (#13 at $786 billion).
  4. Illinois ñ Mexico (GDP #14 at $741 billion)
  5. New Jersey ñ Russia (GDP #15 at $733 billion)
  6. Ohio ñ Australia (GDP #16 at $645 billion)
  7. New York ñ Brazil (GDP #17 at $621 billion)
  8. Pennsylvania ñ Netherlands (GDP #18 at $613 billion)
  9. Georgia ñ Switzerland (GDP #19 at $387 billion)
  10. North Carolina ñ Sweden (GDP #20 at $371 billion)
  11. Massachusetts ñ Belgium (GDP #21 at $368 billion)
  12. Washington ñ Turkey (GDP #22 at $358 billion)
  13. Virginia ñ Austria (GDP #24 at $309 billion)
  14. Tennessee ñ Saudi Arabia (GDP #25 at $286 billion)
  15. Missouri ñ Poland (GDP #26 at $265 billion)
  16. Louisiana ñ Indonesia (GDP #27 at $264 billion)
  17. Minnesota ñ Norway (GDP #28 at $262 billion)
  18. Indiana ñ Denmark (GDP #29 at $256 billion)
  19. Connecticut ñ Greece (GDP #30 at $222 billion)
  20. Michigan ñ Argentina (GDP #31 at $210 billion)
  21. Nevada ñ Ireland (GDP #32 at $203 billion)
  22. Wisconsin ñ South Africa (GDP #33 at $200 billion)
  23. Arizona ñ Thailand (GDP #34 at $197 billion)
  24. Colorado ñ Finland (GDP #35 at $196 billion)
  25. Alabama ñ Iran (GDP #36 at $195 billion)
  26. Maryland ñ Hong Kong (#37 at $187 billion GDP)
  27. Kentucky ñ Portugal (GDP #38 at $177 billion)
  28. Iowa ñ Venezuela (GDP #39 at $148 billion)
  29. Kansas ñ Malaysia (GDP #40 at $132 billion)
  30. Arkansas ñ Pakistan (GDP #41 at $124 billion)
  31. Oregon ñ Israel (GDP #42 at $122 billion)
  32. South Carolina ñ Singapore (GDP #43 at $121 billion)
  33. Nebraska ñ Czech Republic (GDP #44 at $119 billion)
  34. New Mexico ñ Hungary (GDP #45 at $113 billion)
  35. Mississippi ñ Chile (GDP #48 at $100 billion)
  36. DC ñ New Zealand (#49 at $99 billion GDP)
  37. Oklahoma ñ Philippines (GDP #50 at $98 billion)
  38. West Virginia ñ Algeria (GDP #51 at $92 billion)
  39. Hawaii ñ Nigeria (GDP #53 at $83 billion)
  40. Idaho ñ Ukraine (GDP #54 at $81 billion)
  41. Delaware ñ Romania (#55 at $79 billion GDP)
  42. Utah ñ Peru (GDP #56 at $76 billion)
  43. New Hampshire ñ Bangladesh (GDP #57 at $69 billion)
  44. Maine ñ Morocco (GDP #59 at $57 billion)
  45. Rhode Island ñ Vietnam (GDP #61 at $48 billion)
  46. South Dakota ñ Croatia (GDP #66 at $37 billion)
  47. Montana ñ Tunisia (GDP #69 at $33 billion)
  48. North Dakota ñ Ecuador (GDP #70 at $32 billion)
  49. Alaska ñ Belarus (GDP #73 at $29 billion)
  50. Vermont ñ Dominican Republic (GDP #81 at $20 billion)
  51. Wyoming ñ Uzbekistan (GDP #101 at $11 billion)
Posted by Mikal at June 25, 2007 6:22 AM | TrackBack


Comments:

Homestate=tunisia

Posted by: Aaron at June 29, 2007 2:29 PM



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