North Carolina has long been considered by many the furniture capital of the world. In line with always being known for its apples, Washington is creating new super apples to keep the market strong. Some are diligent. The United States is a vast country with a large amount of land. - GDP equal to: New Zealand ($204.9 billion) plus Curacao ($3.1 billion). Based on total gross domestic product, the Sunshine States economy would rank in the top 20 in the world, a little smaller than Indonesias and about the same size as the Netherlands. West Virginia Benins new free market economy is showing signs of growth, with cotton as an anchor. > Ore. population: 4.1 million (Iraq: 38.3 million) - 2018 state GDP: $783.2 billion Florida ranks No. Florida is an outlier on this list in that its GDP per capita of $42,085 falls below the GDP per capita of the country with most similarly sized economy $53,598 in the Netherlands. As of 2010, California was no. New Zealands economy is driven largely by agriculture, tourism, and manufacturing. Among Virginias major exports are road tractors for semi-trailers, spacecraft, and tobacco. In its third decade of existence, North Macedonia is finally seeing notable economic growth. As Monaco doesnt have an income tax, the country is known as a tax haven. The State of Florida is in the far southeastern region of the United States, and it covers an area of 65,757 sq. - 2018 state GDP: $56.1 billion Latvia, a former Soviet republic in northeastern Europe, transitioned to a free market economy in the 1990s. - GDP equal to: Myanmar ($71.2 billion) plus Bermuda ($5.6 billion). The average land area is 805 sq mi (2,085 km 2 ). > GDP: $458.8 billion > Country w/ similar GDP: Lebanon ($43.2 billion) > GDP: $79.5 billion - GDP equal to: Poland ($585.7 billion) plus Sri Lanka ($88.9 billion). > Country w/ similar GDP: Slovak Republic ($108.2 billion) mi. - GDP higher than: 192 of 212 countries. About 40% of all coal in the United States is mined in Wyoming, and the state is also home to the largest uranium mining operations in the country. as well as image rights, data visualizations, forward planning tools, - GDP equal to: South Africa ($368.3 billion) plus Dominica ($0.6 billion). - 2018 state GDP: $77.4 billion According to a neat overlay map posted to Reddit by user martinswfan, you can fit 30 European countries into the continental US. - GDP higher than: 114 of 212 countries It is the coal production that helps put Pennsylvania past Turkey in GDP, despite Turkeys solid production of textiles, iron, and steel. > W.Va. GDP per capita: $38,860 (Oman: $16,144). Orlando bids a sad, though not final, farewell to musical theater powerhouse Tod Kimbro, Thundering Spirit Family Pow Wow returns to Mount Dora this weekend, Monster Jam crashes into Orlando's Camping World Stadium this weekend, The Uptown Arts Expo is back in Altamonte Springs in late March. Idaho had a $67.0 billion GDP in 2017, in line with the GDP of Uzbekistan, a country with nearly 19 times more people than Idahos population of 1.7 million. Utah California is equal to 1.74 UKs. > N.Y. GDP per capita: $71,252 (Australia: $55,926). 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. - GDP equal to: Bangladesh ($274billion) plus San Marino ($1.6 billion). In Tuvalu, fishing and coconut meat are two notable parts of its small economy. Washington is one of three states, along with Massachusetts and North Carolina, that has an economic output most similar to that of Norway. - 2018 state GDP: $73.5 billion The Florida Chamber thanksGovernor DeSantis for his continued leadership and for keeping Floridas economy open during the global pandemic. - GDP equal to: Romania ($239.6 billion) plus Marshall Islands ($0.2 billion). Kentucky has a diverse economy, notable for whiskies, horse breeding, and a relatively new industry of antisera. - GDP equal to: Colombia ($331billion) plus Mali ($17.2 billion). But expanding your horizons may add additional costs. 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. Nebraskas bread and butter is in meat, corn, and soybeans. - GDP higher than: 141 of 212 countries Iraq specializes in oil. 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. Additional state level data on economic output by industry from the Bureau of Economic Analysis. This isnt a theoretical analysis, nor are we looking at something that happened years ago. New Mexicos GDP is becoming heavily influenced by the tech industry. 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. In other words, Alaska is approximately 10.12 times larger than Florida. Singapore has a highly developed economy and is a global financial hub. > Conn. GDP per capita: $66,592 (Portugal: $23,117). restrictions, which you can review below. > GDP: $226.6 billion Guatemalas economy is largely agriculture based, with bananas and coffee as its chief agricultural exports. 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. Of the countrys $60.8 billion in exports, 95% are crude petroleum. The U.S. is still ahead in a race no one wants to win. Copyright 2023 | Florida Chamber of Commerce | All Rights Reserved. - 2018 state GDP: $178.1 billion The auto industry has been a beacon of Michigans economy for almost a century. 1. Rhode Island On this page. This makes it the least densely populated in the country. - GDP higher than: 130 of 212 countries While confronted with climate change questions, oil and gas remain a driving force of the economy in Texas. In Wisconsin, its cheese. > N.C. population: 10.3 million (Norway: 5.3 million) The American state with the biggest economy is California, which, in 2015, produced $2.44 trillion of economic output. 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. Haiti, which once specialized in sugar, is seeing its economy drastically decline. - 2018 state GDP: $275.7 billion - GDP equal to: Macao SAR, China ($55.1 billion) plus Vanuatu ($0.9 billion). > Country w/ similar GDP: Kazakhstan ($196.0 billion) > Country w/ similar GDP: Cote dIvoire ($39.5 billion) Surprisingly, this state tops Middle East power Saudi Arabia in GDP, and Guatemala, whose top exports include fruit, nuts, and sugar. As for COVID, Florida has some explaining to do. Nearly three-quarters of Irans 2017 exports, worth roughly $54 billion, are in petroleum. . > Country w/ similar GDP: Norway ($481.8 billion) You may be surprised at what you find! Construction, real estate and rental and leasing, and health care and social assistance are a few industries that make Floridas GDP so robust. > Country w/ similar GDP: Kazakhstan ($196.0 billion) In other words, Alaska is approximately 10.12 times larger than Florida. Angola is an oil-rich country, but much of that wealth is located in a contested region partially held by separatists. > Ill. GDP per capita: $58,217 (Saudi Arabia: $20,771). - GDP higher than: 203 of 212 countries As one of only a few U.S. states whose GDP tops $1 trillion, Florida brings in more than the Netherlands (which yes, does get an economic boost from marijuana) and Morocco, whose top exports are vehicles and electrical equipment. In other words, Florida is approximately 42.56 times larger than Rhode Island. Tennessee State populations and employment concentration by industry came from the U.S. Census Bureaus 2017 American Community Survey. Ethiopia is still a country with extreme poverty, but is seeing rapid growth thanks to agriculture. China and India have clearly made great leaps forward in both absolute and relative terms. It is interesting to compare land area, total population and GDP. > Calif. population: 39.5 million (India: 1.3 billion) Michigan Meanwhile, Wisconsins manufacturing industry employs 17.9% of workers in the state, well above the sectors 10.1% national average employment. - GDP higher than: 159 of 212 countries Wales takes up 8,018 square miles, and New Jersey is the closest state in size at 7,354 square miles. - 2018 state GDP: $364.1 billion And, of course, more unvaccinated people getting the jab would help, too. Formed in 1961, OECD sets international standards on a wide range of topics, including education spending. Oregon Louisiana Of all the nations in the world, Colorados $323.3 billion economy most closely matches that of Singapore. To that end, Stacker compiled a list comparing every states GDP to countries around the world. - 2018 state GDP: $33.3 billion If your organization is interested in becoming a Stacker Arkansas That's roughly half of California's current COVID rate and less than a quarter of Vermont's. Hawaii (with nine cases for every 100,000 residents) is the only other state in . > Tenn. population: 6.7 million (Singapore: 5.6 million) Ohio. The countrys economy centers around manufacturing, with more than a quarter of exports in 2017 in vehicles or vehicle parts. Mining has always been a rock for Wyomings GDP, but a decline in coal production might force the state to look to more modern industries to maintain its economy. Alaska is near the bottom at no. > Ind. Texas would be able to fit much of Florida's peculiar form inside the state outline if it was kind enough to let bits of Georgia, South Carolina and Alabama in for whatever reason. Peru had the highest rate. - 2018 state GDP: $318.9 billion population: 579,315 (Cte dIvoire: 24.3 million) - 2018 state GDP: $169.3 billion A lack of private sector job creation has affected Serbias GDP. New Hampshire is another state where civilian aircraft, engines, and parts are prime exports. While much of that money went to hotels and recreation, other sectors of the Florida economy get a . Florida is the most populous of the southeastern states and the second most populous Southern state after Texas. - GDP equal to: Poland ($585.7 billion) plus Latvia ($34.4 billion). A financial advisor can help you understand the advantages and disadvantages of investment properties. Iowa is in the rare situation of low unemployment and not enough wage growth. and more. Still, there are four states with GDPs over $1 trillion. 2020 South Carolina Presidential Poll. Answer (1 of 13): The US has a bigger economy, population and land area compared to Italy. New York Despite the setback, Florida's 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. 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. The southeastern European countrys GDP is $216.3 billion, and Louisianas is $226.6 billion. Latvia, meanwhile is all about processingfoods, metals, and woodas part of its trade strategy. With a population of 21.5 million according to the 2020 census, Florida is the most populous state in the Southeastern United States, and the second-most populous state in the South behind Texas. However, the Miami metro area is the state's most populous area, with a population of well over 6 million people. Nebraska Casinos obviouslyboost Nevadas GDP profile, but real estate is also a solid contributor. New Zealands top exports are more basicdairy, meat, and woodand Curacao banks on factors like tourism and offshore finance. > Country w/ similar GDP: India ($2.6 trillion) One of the wealthiest states in the country, Massachusetts has a GDP per capita of $71,456. Myanmar has been racked by political instability and atrocities in recent years. Key Facts. A relatively high 18.5% of Florida's area is covered by water. But how do the countrys COVID numbers measure up to the rest of the world, and what might we learn from the comparison? Massachusetts Virginia has a massive $463.6 billion economy, in line with the total economic output of Nigeria, the most populous country in Africa. Alaska - GDP higher than: 153 of 212 countries In Mauritania, the economy is focused on agriculture and raising livestock. Argentinas economy is heavily dependent on agricultural exports like soybeans and soybean meal, corn, and wheat. Alaska, which is the largest state, has among the lowest state populations in the country. 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. The United States fares okay, but that graph doesnt scream American exceptionalism. Several of the other countries have kept deaths at far lower rates. The table above shows a comparison of 30-year vs. 15-year fixed-rate loans for a $250,000 home with a 20% down payment. 2020 New Hampshire Presidential Poll. Georgias $510.8 billion GDP is close to Belgiums $524.0 billion GDP. Floridas economy is heavily dependent on tourism one of the sectors hit hardest by the pandemic. Mining, particularly in gold, is a big industry in Utah. Rhode Islands $53.5 billion GDP is about the same as the GDP of Slovenia, a country with nearly twice as many people. But it's . The picture gets worse for Florida when looking at just the last month. > GDP: $44.4 billion But China is now more than twice as big as the two largest U.S. states together. > Ariz. population: 7.0 million (Israel: 8.7 million) The state would have the highest death rate in our country comparison, no matter the time frame. > Colo. GDP per capita: $57,654 (Singapore: $55,236). today Florida, if it were an independent country, would be the 15th largest economy in the world. Montana Corn, soy, and wheat join apples are Washington GDP heavyweights. Africa is bigger than China, India, the contiguous U.S. and most of Europecombined! Thus, the US is 107 times bigger than Portugal. - GDP equal to: Qatar ($191.4 billion) plus Guinea ($10.9 billion). In some cases, small areas produce a bigger GDP than larger, as in the case of New Jersey: no. - GDP equal to: Cameroon ($38.7 billion) plus Sao Tome and Principe ($0.4 billion). Croatia is home to four times as many people as Delaware and its landmass is nearly nine times the size of the state. The countrys chief exports include cotton, gas, and gold. New data shows that today Florida, if it were an independent country, would be the 15th largest economy in the world. 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. > GDP: $275.6 billion 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. - GDP higher than: 127 of 212 countries > Miss. > Ky. population: 4.5 million (New Zealand: 4.8 million) Partially as a result, the states economy contracted by 2.1% from the end of 2019 through the end of 2020. > Del. > GDP: $363.0 billion Drag and drop countries around the map to compare their relative size. Geographic location has been the key factor in Florida's long and colourful development, and it helps explain . What about over the last month, ending Wednesday? Brit. Wyoming By GDP, however, the two are more closely matched. - GDP higher than: 157 of 212 countries 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. slightly smaller than the US. The Netherlands is one of the largest economies in the European Union. Subscribe to our free Stephinitely newsletter. - 2018 state GDP: $348.3 billion Motor vehicles and parts also are important to Argentinas GDP. United States is approximately 9,833,517 sq km, while Florida is approximately 139,670 sq km, making Florida 1.42% the size of United States. While it may be temporary as other world economies are continuing to rebound from the global pandemic, Florida has moved up two slots from 17th to 15th largest global economy if Florida were a country. However, to produce about the same amount . - 2018 state GDP: $565.8 billion > Country w/ similar GDP: Ecuador ($87.4 billion) 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. 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 higher than: 191 of 212 countries - GDP equal to: Sweden ($556.1 billion) plus Haiti ($9.7 billion). Connecticuts economy generated $238.9 billion in 2017, similar to the GDP of Portugal a country with nearly three times as many people and a landmass over six times the size of the state. What a bank (or other lender) is willing to lend you is definitely important to know as you begin house hunting. > La. - GDP equal to: Myanmar ($71.2 billion) plus Liechtenstein ($6.2 billion). West Virginias GDP owes a lot to income from mining and plastics. $ 29,758. The presence of Chinese firms have long boosted Hong Kongs GDP, but the current unrest there makes the future of the economy uncertain. > Iowa population: 3.1 million (Qatar: 2.6 million) This page lists the total size (land plus water) and the land area for the 50 US states. - GDP higher than: 192 of 212 countries Yes, Idahos economy is boosted by potatoes, but just as important is milk. One of the fastest . > Texas GDP per capita: $57,077 (Russian Federation: $11,441). 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. 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. ; Delaware is the second smallest state in the country covering 5,130 km 2, of which 5,047 km 2 is land. > Alaska population: 739,795 (Guatemala: 16.9 million) > Va. GDP per capita: $54,730 (Nigeria: $2,412). Floridas $883.1 billion GDP is the fourth largest of all states and is relatively close to Netherlands GDP of $918.3 billion. A 2018 survey by the Council for Community & Economic Research (C2ER) ranked Florida as the 30th most affordable state in the US regarding the cost of living. At 65,758 square miles, Florida is a mid-sized state, ranking as the 22nd largest in the US. 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. Florida is slightly bigger than the average state, as it ranks 22nd by area. - 2018 state GDP: $1.7 trillion > GDP: $199.3 billion Tobacco, the auto industry, and aircraft industry make up some staples of Ohios GDP figures. Illinois Over 11,000 miles of rivers, streams and waterways are located within the state. > Alaska GDP per capita: $70,683 (Guatemala: $3,124). - GDP equal to: United Kingdom ($2.9 trillion) plus Kuwait ($140.6 billion). Mining, quarrying, and oil and gas extraction, plus transportation and warehousing are two key contributors to Alaskas GDP. Theres a dose of luck, but its hardly a coincidence that Canada and Germany, for instance, have higher vaccination rates and lower COVID death rates than the United States.