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Errantry: Novak's Journal
...Words to cast/My feelings into sculpted thoughts/To make some wisdom last
Random: US States and Equivalent GDPs of Countries 
13th-Jun-2007 02:25 pm
Meanwhile at the Watchtower...
Dan sent me the following interesting bit: a US map with the names of countries substituted for those of the states, based upon the comparable Gross Domestic Product of the country closest to that of the individual state. A bit eye-opening.



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 – 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 – and by far: US GDP is projected to be $13,22 trillion (or $13.220 billion) in 2007, according to this source. That’s 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 US GDP into the GDPs of individual states, and compare those to other countries’ GDP. What follows, is this slightly misleading map – misleading, because the economies both of the US states and of the countries they are compared with are not weighted for their respective populations.

Pakistan, for example, has a GDP that’s slightly higher than Israel’s – but Pakistan has a population of about 170 million, while Israel is only 7 million people strong. The US 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, wile 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 states’ 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: Mexico’s and Russia’s economies are about equal size, Ireland’s is twice as big as New Zealand’s). Here’s a run-down of the 50 states, plus DC:

1. California, it is often said, would be the world’s sixth- or seventh-largest economy if it was 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. Texas’ economy is significantly smaller, exactly half of California’s, 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 Korea’s (#13 at $786 billion).
4. Illinois – Mexico (GDP #14 at $741 billion)
5. New Jersey – Russia (GDP #15 at $733 billion)
6. Ohio – Australia (GDP #16 at $645 billion)
7. New York – Brazil (GDP #17 at $621 billion)
8. Pennsylvania – Netherlands (GDP #18 at $613 billion)
9. Georgia – Switzerland (GDP #19 at $387 billion)
10. North Carolina – Sweden (GDP #20 at $371 billion)
11. Massachusetts – Belgium (GDP #21 at $368 billion)
12. Washington – Turkey (GDP #22 at $358 billion)
13. Virginia – Austria (GDP #24 at $309 billion)
14. Tennessee – Saudi Arabia (GDP #25 at $286 billion)
15. Missouri – Poland (GDP #26 at $265 billion)
16. Louisiana – Indonesia (GDP #27 at $264 billion)
17. Minnesota – Norway (GDP #28 at $262 billion)
18. Indiana – Denmark (GDP #29 at $256 billion)
19. Connecticut – Greece (GDP #30 at $222 billion)
20. Michigan – Argentina (GDP #31 at $210 billion)
21. Nevada – Ireland (GDP #32 at $203 billion)
22. Wisconsin – South Africa (GDP #33 at $200 billion)
23. Arizona – Thailand (GDP #34 at $197 billion)
24. Colorado – Finland (GDP #35 at $196 billion)
25. Alabama – Iran (GDP #36 at $195 billion)
26. Maryland – Hong Kong (#37 at $187 billion GDP)
27. Kentucky – Portugal (GDP #38 at $177 billion)
28. Iowa – Venezuela (GDP #39 at $148 billion)
29. Kansas – Malaysia (GDP #40 at $132 billion)
30. Arkansas – Pakistan (GDP #41 at $124 billion)
31. Oregon – Israel (GDP #42 at $122 billion)
32. South Carolina – Singapore (GDP #43 at $121 billion)
33. Nebraska – Czech Republic (GDP #44 at $119 billion)
34. New Mexico – Hungary (GDP #45 at $113 billion)
35. Mississippi – Chile (GDP #48 at $100 billion)
36. DC – New Zealand (#49 at $99 billion GDP)
37. Oklahoma – Philippines (GDP #50 at $98 billion)
38. West Virginia – Algeria (GDP #51 at $92 billion)
39. Hawaii – Nigeria (GDP #53 at $83 billion)
40. Idaho – Ukraine (GDP #54 at $81 billion)
41. Delaware – Romania (#55 at $79 billion GDP)
42. Utah – Peru (GDP #56 at $76 billion)
43. New Hampshire – Bangladesh (GDP #57 at $69 billion)
44. Maine – Morocco (GDP #59 at $57 billion)
45. Rhode Island – Vietnam (GDP #61 at $48 billion)
46. South Dakota – Croatia (GDP #66 at $37 billion)
47. Montana – Tunisia (GDP #69 at $33 billion)
48. North Dakota – Ecuador (GDP #70 at $32 billion)
49. Alaska – Belarus (GDP #73 at $29 billion)
50. Vermont – Dominican Republic (GDP #81 at $20 billion)
51. Wyoming – Uzbekistan (GDP #101 at $11 billion)
Comments 
14th-Jun-2007 02:43 pm (UTC)
Mr Messy: Did you see the map that Novak posted?

VV: Yes, we get to be Texas.

Mr Messy: Is that good or bad?

VV: Good, I think.

14th-Jun-2007 03:06 pm (UTC)
You guys are the deepest!!!

:-P


(And I apologize for what appears to be such a typically self-absorbed American post. I forgot that the natural response among Canadians would be to start vomiting. But it really does make you stop and think just how much this country has been blessed, both in natural resources, but also in the political success of sheer prolonged stability....)
18th-Jun-2007 02:51 am (UTC)
I don't know if we are deep as just that we end up having weird conversations.

And never apologize. You are an American and your posts reflect who you are. The first thing I did when I saw it was to try and figure out where Canada was. I would have been insulted if it hadn't even been on the map. See - I didn't know Texas had the second biggest economy, now I do.

I think I'm really lucky among Canadians I know because in 1994 I worked in the U.S. for 10 weeks. That is different than going on a week's vacation or 48 hour shopping trip and I have a better handle on the the differences than a lot of people I know. Plus my first week or two involved classes on U.S. constituional law - so now I can probably get more out of CNN's coverage of American legal cases than the average American. :)
16th-Jun-2007 08:29 am (UTC)
Oohhh. Nice find. I'm gonna have to steal this if you don't mind in a few days. Absolute gem. I groove on trivial things like this.

Looks like even DC was bequeathed honorary statehood, those lucky Kiwis. ;)
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