Mapped: U.S. State Economies Compared to Entire Countries

Pallavi Rao
2024-11-05 10:37:00
www.visualcapitalist.com

Mapped: U.S. State Economies Compared to Entire Countries

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Much like how the world has a few big economic players that dwarf the rest, so too does America’s $29 trillion economy.

To put this unequal distribution in perspective, this map compares U.S. state economies by their gross domestic product (GDP) to that of a similarly-sized country.

State GDP data is sourced from the Bureau of Economic Affairs, the latest available for the year 2023. Meanwhile, country GDP data from the International Monetary Fund, last updated October 2024.

Ranked: U.S. States by their Gross Domestic Product

California has the largest state economy in America, with an output nearly equal to India, the 5th largest economy in the world.

As an additional comparison, it matches India’s GDP with only about 3% of the population.

Rank	State	2023 GDP	Equivalent Country
1	California	$3.9T	India
2	Texas	$2.6T	Italy
3	New York	$2.2T	Canada
4	Florida	$1.6T	Spain
5	Illinois	$1.1T	Saudi Arabia
6	Pennsylvania	$976B	Switzerland
7	Ohio	$885B	Poland
8	Georgia	$832B	Poland
9	Washington	$808B	Taiwan
10	New Jersey	$806B	Taiwan
11	North Carolina	$788B	Taiwan
12	Massachusetts	$736B	Taiwan
13	Virginia	$719B	Belgium
14	Michigan	$674B	Belgium
15	Colorado	$530B	UAE
16	Tennessee	$523B	Israel
17	Arizona	$523B	Singapore
18	Maryland	$516B	Israel
19	Indiana	$500B	Norway
20	Minnesota	$483B	Philippines
21	Missouri	$430B	Malaysia
22	Wisconsin	$428B	Malaysia
23	Connecticut	$346B	Pakistan
24	South Carolina	$327B	Chile
25	Oregon	$319B	Czech Republic
26	Louisiana	$315B	Finland
27	Alabama	$305B	Finland
28	Utah	$281B	Peru
29	Kentucky	$280B	Peru
30	Oklahoma	$257B	New Zealand
31	Iowa	$254B	Nigeria
32	Nevada	$246B	Qatar
33	Kansas	$228B	Hungary
34	Nebraska	$181B	Ukraine
35	Arkansas	$179B	Ukraine
36	Washington D.C.*	$177B	Ukraine
37	Mississippi	$151B	Morocco
38	New Mexico	$135B	Slovakia
39	Idaho	$121B	Ecuador
40	New Hampshire	$114B	Guatemala
41	Hawaii	$110B	Oman
42	West Virginia	$102B	Venezuela
43	Delaware	$98B	Costa Rica
44	Maine	$93B	Luxembourg
45	Rhode Island	$78B	Tanzania
46	North Dakota	$76B	Azerbaijan
47	South Dakota	$74B	Ghana
48	Montana	$73B	DRC
49	Alaska	$68B	Belarus
50	Wyoming	$52B	Jordan
51	Vermont	$44B	Nepal

Note: *U.S. Territory. Approximate values considered for comparisons.

Other eye-opening comparisons show just how far ahead the U.S. economy really is, even to its closest peers.

For example, Texas is as big as Italy (8th largest in the world), New York as big as Canada (9th largest), Florida as big as Spain (15th largest) and Illinois as big as Saudi Arabia (19th largest).

Naturally these states are also the country’s most populous, and—particularly for California and New York—have emerged as global hubs for tech and financial companies.

But that doesn’t mean all American states are economic powerhouses rivaling other world economies.

Vermont, the U.S. state with the smallest GDP, has an economy comparable to Nepal, the world’s 101st largest economy. However, Nepal’s population is over 29 times larger than Vermont’s, which is just past half a million people.

Learn More on the Voronoi App

The map above shows that the American economy is unusually productive for its population. Check out Ranked: Top Countries by GDP per Capita to see how the U.S. has been climbing up the ranks since 2014.

The post Mapped: U.S. State Economies Compared to Entire Countries appeared first on Visual Capitalist.

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