As of 2010, California was no. > Country w/ similar GDP: Hungary ($153.1 billion) > Wyo. > Utah population: 3.1 million (Hungary: 9.8 million) > Idaho population: 1.7 million (Uzbekistan: 32.4 million) - GDP higher than: 148 of 212 countries The capital is Tallahassee, located in the northwestern panhandle. Gross domestic product, or GDP, is the total value of goods and services a state or country produces over a given period. To help mitigate those differences, we grouped together Europes five largest economies Germany, U.K., France, Italy and Russia. Though Slovenias transition to a market economy following the breakup of Yugoslavia was relatively smooth, the 2012 European financial crisis and ensuing years of fiscal mismanagement have stymied economic growth in the country. - GDP equal to: Canada ($1.7 trillion) plus Sri Lanka ($88.9 billion). Consequently, the landscape varies greatly . One of the nations leading coal producers, West Virginias economy is heavily based on resource extraction. 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. New Mexico has a GDP of $91.0 billion, in line with the GDP of the South American nation of Ecuador. > GDP: $292.3 billion > Mich. GDP per capita: $46,055 (Argentina: $10,397). - 2018 state GDP: $169.3 billion - GDP higher than: 141 of 212 countries > Ind. New Jersey Oil and gas are similarly important to Canadas GDP, with Western Canada as a major location for wells and drilling. Washington - GDP equal to: Egypt($250.9 billion) plus Liechtenstein ($6.2 billion). From an economic perspective, the 2 trillion dollar Texas economy is about 8% of the 25 million dollar US economy. - GDP equal to: Netherlands ($913.7 billion) plus Morocco ($117.9 billion). The way North Carolina relies on furniture, Tajikistan is reliant on minerals. Germany, Europe's biggest economy, has a GDP roughly the same as 12 of the eastern states, at $3.35 trillion in 2015. Dominicas economy has shifted from bananas to tourism. - GDP equal to: Slovenia ($54billion) plus American Samoa ($0.6 billion). Many states are as large as entire countries. As a result, the per capita GDP of Saudi Arabia is significantly smaller than Pennsylvanias. In other words, Alaska is approximately 10.12 times larger than Florida. Florida has more Covid-19 cases than most countries. Californias massive economy is bolstered by its nearly 40 million residents and a diverse range of industries, from agriculture to technology. 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. > Country w/ similar GDP: Chile ($271.9 billion) > Md. 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. Florida overtook Indonesia and Mexico's economies during the past year. - GDP higher than: 194 of 212 countries Often, however, they have far more developed economies and therefore higher GDPs per capita than the comparable country. > Wash. population: 7.4 million (Norway: 5.3 million) republish under a Creative Commons License, and we encourage you to One of the fastest . - GDP equal to: Macao SAR, China ($55.1 billion) plus Vanuatu ($0.9 billion). population: 6.1 million (Malaysia: 31.6 million) > GDP: $546.5 billion Despite a larger population, Hungary and Kansas have similarly sized economies, at $153.1 billion and $148.5 billion, respectively. > Mass. Kentucky Image: World Bank/Bureau of Economic Analysis. > Texas GDP per capita: $57,077 (Russian Federation: $11,441). 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. 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. The only states with larger populations than Florida are California and Texas. And Japan, among other countries, has been much more accepting of wearing masks and social-distancing in public spaces. - GDP higher than: 153 of 212 countries What might be more surprising, however, is that Nebraska has roughly the same . > Country w/ similar GDP: Ecuador ($87.4 billion) > Country w/ similar GDP: Iran, Islamic Rep. ($560.9 billion) Wed miss the sunshine and the states lubricous politicians, and Kiwi-man stories couldnt possibly hold a candle to their Florida-man equivalents. New Zealands economy is driven largely by agriculture, tourism, and manufacturing. Offering more than just Ben & Jerrys, Vermont is a state becoming recognized for its tech industry growth. Among Virginias major exports are road tractors for semi-trailers, spacecraft, and tobacco. Additional sources of info were the U.S. Census, the CIAs World Factbook, university business databases, and newspaper and business journal articles. > GDP: $207.7 billion > Kan. population: 2.9 million (Hungary: 9.8 million) Thus, the small size and large population makes New Jersey the most densely populated . Connecticut > Country w/ similar GDP: Libya ($46.6 billion) Arkansass GDP tops Moroccos, even though the country boasts a diverse economy made up from lively agriculture, aerospace, and phosphates industries. But what if Florida were a country? 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. - 2018 state GDP: $368.9 billion Vermont 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. 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. Look at the usual flat map of the world and it appears that Greenland is nearly as big as Africa. 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. Tim Wenger. > Ohio GDP per capita: $50,666 (Poland: $15,823). 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. 2022 California Gubernatorial. All data used to create the index came from the Bureau of Labor Statistics and the U.S. Census Bureau. > GDP: $192.7 billion 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. A relatively high 18.5% of Florida's area is covered by water. > Fla. population: 21.0 million (Netherlands: 17.1 million) > Country w/ similar GDP: Latvia ($30.2 billion) Per capita GDP by state came from the BEA and is also for 2017. In Sri Lanka, government debt accounts for about 79% of its GDP. > GDP: $321.1 billion But Texas might not seem as big compared to an entire continent like Europe. - 2018 state GDP: $239.8 billion > GDP: $150.1 billion - GDP equal to: Cameroon ($38.7 billion) plus Sao Tome and Principe ($0.4 billion). - 2018 state GDP: $77.4 billion Still, Croatias GDP of $63.2 billion is closely in line with Delawares $63.9 billion economy. How did they do it? In Ecuadors economy, wood products and seafood are bountiful. > Vt. GDP per capita: $47,408 (Latvia: $15,553). Iraq specializes in oil. Stacker distribution partners receive a license to all Stacker stories, One of the smallest states by population, New Hampshire has a $74.4 billion economy on par with Oman, a Middle Eastern nation with a population more than triple that of New Hampshire. Formed in 1961, OECD sets international standards on a wide range of topics, including education spending. > Country w/ similar GDP: Malaysia ($364.6 billion) Virgin Isl. The countrys wealth is partially due to the discovery of oil offshore in the 1960s. - GDP higher than: 111 of 212 countries 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. A coastal country, Chile also exports seafood and wine. Alaska, which is the largest state, has among the lowest state populations in the country. Texas is equal to 2.86 UKs. At 268,597 square miles, Texas has about 171,902,808 acres of land. Its not over, and is likely not even close to being over. No corner of the country was untouched by the pandemics economic consequences but some states have emerged better off than others. > GDP: $315.1 billion California is equal to 1.74 UKs. 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. Or they obviously cook the numbers to disguise the extend of the problem were looking at you, China. - 2018 state GDP: $1trillion Oklahoma Agriculture is key to Moroccos GDP too, but so are aerospace and tourism. Montana If Florida were a country, where would it rank in fighting COVID? New Hampshire 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. 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. Florida has approximately 9.88% the land area of Alaska. 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. GDP per capita: $45,076 (Chile: $15,060). > GDP: $111.5 billion Each states GDP is as of 2017 and is chained to 2012 dollars and came from the Bureau of Economic Analysis. You may also like: Can you answer these real 'Jeopardy!' However, because Norway is home to about 1.6 million fewer people than Massachusetts, its GDP per capita is even higher, at $91,219. - GDP equal to: Singapore ($364.2 billion) plus Eritrea ($2.6 billion). - 2018 state GDP: $622billion While Hawaii exports goods like pineapples and macadamia nuts, oil is its biggest export. 1. As Monaco doesnt have an income tax, the country is known as a tax haven. Mining, quarrying, and oil and gas extraction, plus transportation and warehousing are two key contributors to Alaskas GDP. Tallahassee. - 2018 state GDP: $1.8 trillion About this page: Side-by-side comparisons of all American counties using frequently requested population, demographic, and social indicators from the United States Census Bureau. > Ga. population: 10.4 million (Belgium: 11.4 million) But it's . However, to produce about the same amount . 2022 Texas Gubernatorial. 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. There are a few guidelines and 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? In 2007, India's $800 billion economy was on par with Florida. - GDP higher than: 192 of 212 countries 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. . The population and gross domestic product figures came from the United Nations, the International Monetary Fun and the Central Intelligence Agencys World Fact Book. > Country w/ similar GDP: Romania ($216.3 billion) If youre an investor looking to minimize expenses, consider checking out online brokerages. - GDP higher than: 169 of 212 countries Economic development, however, is hindered by political and social instability. By GDP, however, the two are more closely matched. Of all the nations in the world, Colorados $323.3 billion economy most closely matches that of Singapore. Benins new free market economy is showing signs of growth, with cotton as an anchor. Internal corruption and uncertainty in the European Union have similarly worsened Romanias economic outlook. California has the countrys highest GDP. By The News Service of Florida Jan 2, 2020 The U.S. Census Bureau on Monday released 2019 population estimates that showed Florida continues to be one of the fastest-growing states in the country. > Va. population: 8.5 million (Nigeria: 190.9 million) 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. 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. The nations GDP per capita is below $5,000. Motor vehicles and parts also are important to Argentinas GDP. An analysis like this has its limitations. > Ill. GDP per capita: $58,217 (Saudi Arabia: $20,771). Uruguay's population has remained largely steady over the last decade. - GDP equal to: Ethiopia ($84.4 billion) plus Tuvalu ($42.6 million). A bustling medical industry and retail giants like Target are the backbone of Minnesotas GDP. - 2018 state GDP: $783.2 billion Answer (1 of 13): The US has a bigger economy, population and land area compared to Italy. Florida, constituent state of the United States of America. - GDP higher than: 203 of 212 countries > Country w/ similar GDP: Iraq ($208.6 billion)