Nigeria depends on oil, shipping, and cocoa, while Albanias market is in flux due to close ties with Greece and Italy, countries with volatile economies. Haiti, which once specialized in sugar, is seeing its economy drastically decline. > Mo. > Iowa GDP per capita: $53,798 (Qatar: $65,694). A common debate at the bar and on the internet regularly centers on how one state could stand on its own independently. Last decade, Cuba opened up its borders to more trade, but slowed oil trade with Venezuela is stagnating growth. In its third decade of existence, North Macedonia is finally seeing notable economic growth. In other words, Florida is approximately 42.56 times larger than Rhode Island. California Illinois However, to produce about the same amount . - 2018 state GDP: $675.9 billion. Its GDP compares favourably to that of France, which produced $2.42 trillion during the same period. > GDP: $207.7 billion > GDP: $53.5 billion Mississippi - GDP higher than: 177 of 212 countries Though the United States is not the largest country in the world either by landmass or by population it is by far the world's largest economy, with a GDP of over $17.3 trillion in 2017 . Our smallest state is a giant in the recycling industry. However, those stats may not give you a great idea of how Florida's girth actually compares to different countries, since size is often better understood visually. You may also like: Best jobs that don't require a college degree, - 2018 state GDP: $202.6 billion Florida Population 2023. Croatia is home to four times as many people as Delaware and its landmass is nearly nine times the size of the state. Georgias $510.8 billion GDP is close to Belgiums $524.0 billion GDP. Alaskas economy depends heavily on its energy sector. distribution partner, email us at While confronted with climate change questions, oil and gas remain a driving force of the economy in Texas. The nations GDP per capita is below $5,000. South Dakota Particularly interesting to note is the fact that California has 6 million fewer workers than France, yet produced a little . The state and the country have the tools to fight the delta variant. Australia is the planet's sixth largest country after Russia, Canada, China, the USA, and Brazil. What might be more surprising, however, is that Nebraska has roughly the same . - 2018 state GDP: $77.4 billion 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. Although Dorothy landed in Oz and not Hungary, her home state surpasses the Central European nation known for machinery, construction materials, and processed foods. - GDP higher than: 164 of 212 countries Instead, the state has some of the largest shares of workers employed in the information and finance industries. - GDP equal to: Slovenia ($54billion) plus American Samoa ($0.6 billion). > Country w/ similar GDP: Iran, Islamic Rep. ($560.9 billion) Floridas economy grows to 15th largest in the world, up from 17th. North Dakotas economy is roughly the size of the entire African nation of Ghana. Arizona - 2018 state GDP: $622billion Alaska is equal to 7.05 UKs. - GDP higher than: 208 of 212 countries Additional state level data on economic output by industry from the Bureau of Economic Analysis. > Country w/ similar GDP: Singapore ($310.0 billion) By Idaho If youre ready to find an advisor who can help you achieve your financial goals, get started now. Michigan Only so much can be gleaned by comparing the United States with its world-leading economy to much smaller and more impoverished countries like Peru and Botswana. On the opposite end of the spectrum, Singapore is tethered to machinery and oil, with Eritrea reliant on mining. California barely edges out the entire GDP of the U.K., whose economy is struggling because of the Brexit mess. 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. Uruguay's population has remained largely steady over the last decade. > Md. - 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. The list was created using 2018 GDP data (released in 2019) from the Bureau of Economic Analysis and the World Bank. 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. Florida's most populous city is Jacksonville, with an estimated population of 949,611. As you can see, BC is larger than the UK (243,600 km) and Ireland (84,420 km). 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. Florida is not the cheapest state to live in, but it's not the most expensive either. > Country w/ similar GDP: New Zealand ($181.5 billion) Montana [4] The country did have a high proportion of aging people compared to working-age folks in its borders around June 2020, according to the Population Reference Bureau, which may explain a brief period of negative population growth in . > Minn. population: 5.6 million (Singapore: 5.6 million) population: 6.9 million (Norway: 5.3 million) Nicaragua counts on beef, gold, and coffee. Vermonts economy is far more developed, generating the same output as Latvia with about a third of the population. Conversely, a relatively small amount of New Jerseys economic output comes from natural resources. The capital is Tallahassee, located in the northwestern panhandle. > GDP: $67.0 billion > GDP: $38.7 billion Per capita GDP by country was calculated by the World Bank and is current as of 2017. But ultimately, you have to live with that decision. - 2018 state GDP: $77.1 billion Some are diligent. In Tuvalu, fishing and coconut meat are two notable parts of its small economy. > GDP: $315.1 billion your CMS. > W.Va. GDP per capita: $38,860 (Oman: $16,144). GDP per capita: $59,983 (Malaysia: $11,528). Geographic location has been the key factor in Florida's long and colourful development, and it helps explain . today Florida, if it were an independent country, would be the 15th largest economy in the world. Washington Floridas 22 deaths per 100,000 residents in the last month compared to 207 from the start of the pandemic doesnt mean things are getting better. You may also like: 50 ways the housing market has changed in the past 50 years, - 2018 state GDP: $371.7 billion 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. > Country w/ similar GDP: Algeria ($199.2 billion) You may also like: Best value public colleges in America, - 2018 state GDP: $569.5 billion A coup threw Zimbabwes economy into uncertainty, but mining has always been a staple. Iowa is in the rare situation of low unemployment and not enough wage growth. The country is a major exporter of petroleum and minerals, and China and Russia are its two biggest customers. New York But what if Florida were a country? This article represents the opinion of the Tampa Bay Times Editorial Board. Wales takes up 8,018 square miles, and New Jersey is the closest state in size at 7,354 square miles. One of the nations leading coal producers, West Virginias economy is heavily based on resource extraction. Nearly half of the countrys $70.1 billion in exports in were copper, copper ore, and refined copper. > GDP: $74.4 billion > Country w/ similar GDP: Latvia ($30.2 billion) > Idaho GDP per capita: $39,032 (Uzbekistan: $2,031). Of all the national economies in the world, Romanias is the closest in size to that of Louisiana despite having a population over four times the size of Louisiana. Florida's death toll, however, remains lower than Italy's 4,277 in Florida, compared to 34,954 in Italy. - GDP equal to: Netherlands ($913.7 billion) plus Morocco ($117.9 billion). Kentucky generated $184.7 billion in economic output in 2017, closely in line with New Zealands $181.5 billion GDP. It's bigger than Japan (377,900km 2. Similar-Sized Countries. > Texas population: 28.3 million (Russian Federation: 144.5 million) > Mont. South Dakota has become a king in the soybean industry. - 2018 state GDP: $348.3 billion 1 in GDP, followed by Texas and New York. By GDP, however, the two are more closely matched. - 2018 state GDP: $275.7 billion - GDP higher than: 129 of 212 countries 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: Morocco ($117.9 billion) plus Benin ($10.4 billion). 24/7 Wall St. matched each state to the country with the most similar GDP. From an economic perspective, the 2 trillion dollar Texas economy is about 8% of the 25 million dollar US economy. New Zealands top exports are more basicdairy, meat, and woodand Curacao banks on factors like tourism and offshore finance. Florida has more Covid-19 cases than most countries. Virginia has a massive $463.6 billion economy, in line with the total economic output of Nigeria, the most populous country in Africa. > R.I. GDP per capita: $50,446 (Slovenia: $25,662). > Fla. GDP per capita: $42,085 (Netherlands: $53,598). - GDP equal to: Algeria ($173.8 billion) plus Sierra Leone ($4.1 billion). Latvia, a former Soviet republic in northeastern Europe, transitioned to a free market economy in the 1990s. Similarly, Texas is the top oil and natural gas-producing state in the U.S. Nevadas economy generated $142.9 billion in 2017, nearly the same as the Middle Eastern nation of Kuwait which happens to be one of the wealthiest nations in both the region and the world. > N.D. population: 755,393 (Ghana: 28.8 million) To that end, Stacker compiled a list comparing every states GDP to countries around the world. Myanmar has been racked by political instability and atrocities in recent years. > Mont. - 2018 state GDP: $865.3 billion 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. Since there are, give-or-take, roughly 200 countries in the world, that means that most of them are in fact smaller than Texas. Though Saudi Arabia and Pennsylvania have similarly sized economies, the Middle Eastern country has a larger population by over 20 million. > Country w/ similar GDP: Uzbekistan ($65.8 billion) The most recent OECD study -- from 2014 using 2011 data -- shows that the United States . > S.D. - GDP equal to: Hungary ($157.9 billion) plus Chad ($11.3 billion). > Hawaii population: 1.4 million (Myanmar: 53.4 million) Kentucky California is equal to 1.74 UKs. - GDP higher than: 191 of 212 countries - GDP higher than: 191 of 212 countries Montana, home to just over 1 million people, has a $44.4 billion economy similar in size to the economy of Lebanon, a country of over 6 million people. Others dont have the resources to confirm and record every death India, for instance. 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. - GDP equal to: Romania ($239.6 billion) plus Marshall Islands ($0.2 billion). - 2018 state GDP: $54.7 billion - 2018 state GDP: $366.8 billion Compare the size of US states by selecting two states below. 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. Arizonas $297.2 billion economy is about the size of Israels economy. Bridgette Norris | Column. The presence of Chinese firms have long boosted Hong Kongs GDP, but the current unrest there makes the future of the economy uncertain. 47 by population. Only seven states on this list have a lower GDP per capita than their corresponding country. Its another example of why many Americans can expect to get a booster shot in coming weeks and months. Washington, D.C., and U.S. dependencies are included as well. You may also like: The most conservative public colleges in America, - 2018 state GDP: $93.8 billion While manufacturing is a leader in helping Indianas GDP, administrative and support and waste management and remediation services, plus health care and social assistance, are two notable areas of contribution. Or they obviously cook the numbers to disguise the extend of the problem were looking at you, China. More workers in East Palestine at the site of the toxic train derailment are reporting intense headaches and nausea, prompting fears that the cleanup could constitute a new 'ground zero' health disaster. > Country w/ similar GDP: Kuwait ($138.8 billion) Latvia, meanwhile is all about processingfoods, metals, and woodas part of its trade strategy. Investing in real estate can diversify your portfolio. population: 579,315 (Cte dIvoire: 24.3 million) > Alaska GDP per capita: $70,683 (Guatemala: $3,124). population: 1.9 million (Slovak Republic: 5.4 million) 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. A great tool for educators. 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. Africa is bigger than China, India, the contiguous U.S. and most of Europecombined! Colorado > Calif. GDP per capita: $65,160 (India: $1,965). Italy is 294k sq km the US is 31 times bigger - 9,160k sq km. - GDP higher than: 174 of 212 countries > Utah GDP per capita: $48,376 (Hungary: $15,648). questions about the economy? Thus, the US is 107 times bigger than Portugal. Louisiana Thanks to the booming tech industry in Huntsville and surrounding areas, Alabamas GDP received a boost of $22 billion. - GDP equal to: New Zealand ($204.9 billion) plus Curacao ($3.1 billion). mi. > N.D. GDP per capita: $67,244 (Ghana: $1,756). - GDP higher than: 163 of 212 countries The nation's most closely watched forecasting model . > Hawaii GDP per capita: $55,668 (Myanmar: $1,490). Kentucky has a diverse economy, notable for whiskies, horse breeding, and a relatively new industry of antisera. North Dakota Select two states below to get started. U.S. military money and agriculture sustain the small economy of the Marshall Islands. 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. > GDP: $184.7 billion > Mich. GDP per capita: $46,055 (Argentina: $10,397). Colorado is projected to have slower growth in its economy, but low unemployment rates have brightened its financial forecast. - 2018 state GDP: $169.3 billion on New Hampshire But expanding your horizons may add additional costs. For almost two centuries, cotton has been essential to Oklahomas economy. Washington apple producers are hoping for even more gains with the creation of the Cosmic Crisp apple. 1. 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. You may also like: Can you answer these real 'Jeopardy!' > GDP: $323.3 billion - GDP equal to: Kazakhstan ($179.3 billion) plus Benin ($10.4 billion). Despite a larger population, Hungary and Kansas have similarly sized economies, at $153.1 billion and $148.5 billion, respectively. In fact, at 665,384 square miles, you could fit Texas into Alaska twice. Alaska is near the bottom at no. GDP per capita: $33,558 (Angola: $3,414). Here's British Columbia, outlined by yours truly. 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. Benins new free market economy is showing signs of growth, with cotton as an anchor. - GDP equal to: Cameroon ($38.7 billion) plus Sao Tome and Principe ($0.4 billion). Delaware Foreign direct investment in Bangladesh has the Asian country close to surpassing Connecticuts GDP, while San Marinos economy is heavily dependent on Italy. The picture gets worse for Florida when looking at just the last month. Californias massive economy is bolstered by its nearly 40 million residents and a diverse range of industries, from agriculture to technology. slightly smaller than the US. > Conn. GDP per capita: $66,592 (Portugal: $23,117). > Ark. Georgia > Country w/ similar GDP: Israel ($297.4 billion) Oil and gas are similarly important to Canadas GDP, with Western Canada as a major location for wells and drilling. Costa Rica sends out tons of precision instruments and prepared foods. It is interesting to compare land area, total population and GDP. Croatias economy depends heavily on tourism, and the country ranks as one of the wealthiest former Yugoslav republics. Tech industries have certainlyboosted the Golden States economyThe Guardian recently noted how Silicon Valley alone would be one of the worlds richest countries. > Del. > Country w/ similar GDP: Norway ($481.8 billion) You may also like: 50 most congested cities in America, - 2018 state GDP: $168.3 billion [emailprotected]. > Ind. > Neb. Nevada Finding a qualified financial advisor doesnt have to be hard. Pennsylvania, particularly in its southwest counties, is a major producer of coal. > Country w/ similar GDP: Kazakhstan ($196.0 billion) Wyomings economy is also largely resource based. 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. To find out how big, simply select your state from the drop down menu, and we'll show you! > Country w/ similar GDP: Malaysia ($364.6 billion) The Netherlands is one of the largest economies in the European Union. Within the United States, it contains the highest percentage of people over 65 (17.3%), and the 8th fewest people under 18 (21.9%). - 2018 state GDP: $73.5 billion State size comparison. - 2018 state GDP: $1.8 trillion Free Will Astrology: Is the soul shaped like an iceberg or a hummingbirds eye? > Country w/ similar GDP: Ecuador ($87.4 billion) Tobacco, the auto industry, and aircraft industry make up some staples of Ohios GDP figures. Click through and decide how you think your home state would fair independently when compared to other countries with similar GDPs. - GDP higher than: 189 of 212 countries Largely through its chemical, petroleum refining, and highly mechanized agriculture sectors, the country bordered by Belgium, Germany, and the North Sea regularly maintains a trade surplus, exporting more than it is importing. Though their economies are roughly the same size, Angola is home to nearly 30 million people, 10 times Mississippis population. China and India have clearly made great leaps forward in both absolute and relative terms. Hungary is home to 9.8 million people, more than triple the population of Kansas. Each countrys 2017 GDP came from the World Bank and is in constant U.S. dollars, as of 2010. - GDP equal to: Canada ($1.7 trillion) plus Sri Lanka ($88.9 billion). 2020 New Hampshire Presidential Poll. One key contributor to Georgias economy is a growing film industry. questions about the economy? 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. We will place both states on top of each other on the same map in order to show you their relative size. ALLEN: No, Florida never went to another lockdown. Texas - GDP equal to: Hong Kong SAR, China ($362.7 billion) plus Solomon Islands ($1.4 billion). GDP in Texas was slightly higher than Brazil's GDP last year of $1.85 trillion. 46. For reference, Iowas GDP per capita is just $53,798. It is the coal production that helps put Pennsylvania past Turkey in GDP, despite Turkeys solid production of textiles, iron, and steel. 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. In other words, the United States is 14 times larger than Texas. This jump can be attributed to the fact that Floridas economy has recovered more quickly than both the U.S. economy and many countries economies. - GDP higher than: 135 of 212 countries 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. New data shows that today Florida, if it were an independent country, would be the 15th largest economy in the world. Similarly, Texass $1.6 trillion economy is roughly the same size as the economy of Russia, a global superpower and principal geo-political rival of the United States. In fact, it's 1.076 million km, and has almost 14 million residents according to the province's 2016 data.. > GDP: $745.3 billion - GDP higher than: 125 of 212 countries Missouri counts on motor vehicles (particularly motorcycles), corn, and pork to steady their economy. At home, environmental factors, new technology, and ever-changing laws cause the GDPs of some states to stagnate. Subscribe to our free Stephinitely newsletter. Florida has approximately 9.88% the land area of Alaska. Country populations are 2017 estimates from the World Bank. PAGE CREATED ON : 12/03/2022 LAST UPDATED DATE : 12/03/2022 Malaysia has a large tourism industry and is benefitting from a growing manufacturing sector. > Ala. GDP per capita: $39,523 (Kazakhstan: $10,868). Azerbaijans economy benefits from its oil reserves, but economic growth has been stifled in recent years by corruption. - GDP equal to: Israel ($370.6 billion) plus Turks and Caicos Islands ($1billion). Texas and Brazil. > N.J. GDP per capita: $60,684 (Iran, Islamic Rep.: $6,911). While Alaska had one of the lowest GDPs in 2018, it still tops the combined total of Slovenia and American Samoa. But it's . > W.Va. population: 1.8 million (Oman: 4.6 million) - 2018 state GDP: $412.6 billion Its not over, and is likely not even close to being over. - 2018 state GDP: $33.3 billion Bermuda is heavily dependent on tourism for its GDP. Starting with the basics, the World Health Organization and Johns Hopkins University track COVID cases and deaths in about 238 nations. 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. A relatively high 18.5% of Florida's area is covered by water. - GDP equal to: Singapore ($364.2 billion) plus Eritrea ($2.6 billion). Roulette and slot machines are less prevalent in Chad, which banks on oil and agriculture. The 17 oil refineries in the state can process up to 3.3 million barrels of crude oil a day and account for about 20% of Americacn refining capacity. Nebraska Alabamas economy generated nearly $192.7 billion in economic output in 2017 nearly in line with the GDP of Kazakhstan, a former soviet country with a population more than triple that of Alabama. > GDP: $275.6 billion - 2018 state GDP: $178.1 billion > Country w/ similar GDP: Angola ($101.7 billion) - GDP higher than: 192 of 212 countries - GDP higher than: 189 of 212 countries > GDP: $199.3 billion republish under a Creative Commons License, and we encourage you to The countries on this list which span six continents are in varying stages of development. population: 6.1 million (Chile: 18.1 million) Letsgetstarted. As Monaco doesnt have an income tax, the country is known as a tax haven. > GDP: $70.6 billion > Wis. population: 5.8 million (Israel: 8.7 million) Singapore has a highly developed economy and is a global financial hub. New Mexico has a GDP of $91.0 billion, in line with the GDP of the South American nation of Ecuador. Even individual U.S. states have GDPs that rival countries many times their size.