Louisianas economy relies heavily on its energy sector. . 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? Nearly 16% of the states labor force is employed in the professional, scientific, and management sector, the largest share of any state. Factors like the European Union instability, Brexit, and protests in Hong Kong are hampering markets around the world. > GDP: $63.9 billion Even with all of its oil wealth, Saudi Arabia's GDP in 2018 at $683 billion was below the GDP of US states like Pennsylvania ($793 billion) and Illinois ($863 billion). Qatar, an oil-rich Middle Eastern nation is one of the wealthiest countries in the world, with a GDP per capita of $65,694. Israels top export is diamonds, worth over $10 billion in 2017. Arizonas $297.2 billion economy is about the size of Israels economy. ; Connecticut covers about 14,357 km 2 which makes it the third smallest state, of which 12,559 km 2 . Can you answer these real 'Jeopardy!' As of Wednesday, the United States ranked 25th highest for COVID deaths per 100,000 residents since the start of the pandemic. Iowa They often offer low investment fees, helping you maximize your profit. 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 equal to: Sri Lanka ($88.9 billion) plus Somalia ($4.7 billion). Nebraskas bread and butter is in meat, corn, and soybeans. | Column. But the delta variant has still infiltrated those defenses. > GDP: $238.9 billion Motor vehicles and parts also are important to Argentinas GDP. California has the countrys highest GDP. - GDP equal to: Algeria ($173.8 billion) plus Sierra Leone ($4.1 billion). GDP per capita: $42,276 (Lebanon: $7,103). population: 4.7 million (Romania: 19.6 million) Yes, Idahos economy is boosted by potatoes, but just as important is milk. Kazakhstan is geographically large about the size of Western Europe and resource rich. Florida has more Covid-19 cases than most countries If Florida were a country, it . > GDP: $50.8 billion But China is now more than twice as big as the two largest U.S. states together. The majority of U.S. states are smaller in both population and landmass than the country with the closest GDP. Rhode Island has approximately 2.35% the land area of Florida. 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. - GDP higher than: 191 of 212 countries > GDP: $480.9 billion South Carolina > Country w/ similar GDP: Singapore ($310.0 billion) Since there are, give-or-take, roughly 200 countries in the world, that means that most of them are in fact smaller than Texas. 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. Norway recently developed into a major exporter of petroleum after discovering offshore reserves. - 2018 state GDP: $318.9 billion Mining, particularly in gold, is a big industry in Utah. > GDP: $29.6 billion Florida's population is estimated at over 21 million, and it is growing rapidly. > Ill. population: 12.8 million (Saudi Arabia: 32.9 million) Indiana, however, is also many times the size of Singapore and home to over a million more people. 2. You may also like: 50 most congested cities in America, - 2018 state GDP: $168.3 billion Arizona is far larger than our Middle Eastern ally, however, at 113,990 square miles compared to Israels 8,355 square miles. Surprisingly enough, were Florida a country, it would also be considered mid-sized, ranking as the 90th largest country by area, just a tad larger than Suriname. So far, this analysis shows that the United States is hardly the star pupil when it comes to keeping its residents safe from COVID, especially given the money and expertise the country has at its disposal. Saudi Arabias economy is built on the back of its oil exports, and the country is a founding member of the Organization of Petroleum Exporting Countries, or OPEC. > Texas GDP per capita: $57,077 (Russian Federation: $11,441). > Kan. population: 2.9 million (Hungary: 9.8 million) - GDP equal to: Netherlands ($913.7 billion) plus Morocco ($117.9 billion). 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. > La. > Conn. GDP per capita: $66,592 (Portugal: $23,117). Nevada 2022 Texas Gubernatorial. This is how all 50 state economies rank. Some are diligent. At 65,758 square miles, Florida is a mid-sized state, ranking as the 22nd largest in the US. - GDP equal to: Argentina ($519.9 billion) plus Monaco ($7.2 billion). GDP in Texas was slightly higher than Brazil's GDP last year of $1.85 trillion. While Alaska had one of the lowest GDPs in 2018, it still tops the combined total of Slovenia and American Samoa. - GDP equal to: Sweden ($556.1 billion) plus Haiti ($9.7 billion). 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. 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. 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. In reality, Delaware produces an abundance of clams, crabs, soybeans, milk, paper, rubber, metals, and sand and gravel. Today, Norway is the seventh largest oil exporter in the world. > Nev. GDP per capita: $47,648 (Kuwait: $33,546). > Utah GDP per capita: $48,376 (Hungary: $15,648). The countrys economy has struggled since leader Muammar Gaddafi was deposed in 2011, leading to a power vacuum that has caused the country to fracture politically. Tech industries have certainlyboosted the Golden States economyThe Guardian recently noted how Silicon Valley alone would be one of the worlds richest countries. To that end, most Stacker stories are freely available to 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. Today, India's economy is 2.4 times larger than the Sunshine State. According to the CDC, the results haven't been too bad. your CMS. U.S. national defense spending is the heart and soul of Guams economy. 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. Utah You may also like: Best commute in every state, - 2018 state GDP: $100.3 billion Due in part to its close proximity to Western Europe, Moroccos largest trading partners are Spain and France. population: 6.1 million (Malaysia: 31.6 million) Yes, lobsters are a main part of Maines economy, but so are circuits and Atlantic salmon. 2022 Florida US Senate. Here's British Columbia, outlined by yours truly. - 2018 state GDP: $233.9 billion Copyright 2023 | Florida Chamber of Commerce | All Rights Reserved. Texas is equal to 2.86 UKs. This Canadian province is so huge that most people who live there rarely see it all. 46. - 2018 state GDP: $169.3 billion Meanwhile, Ecuadors economy depends heavily on petroleum exports and suffered in recent years from falling oil prices. At 7 692 024 km 2, it accounts for just five percent of the world's land area of 149 450 000 km 2, and although it is the smallest continental land mass, it is the world's largest island. - GDP equal to: Serbia ($50.6 billion) plus Solomon Islands ($1.4 billion). 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. In 2021 the population of Texas was about 29.53 million people which is roughly 8.8% of the total US population of 332 million people. population: 961,939 (Croatia: 4.1 million) Indianas $321.1 billion economy is only slightly larger than Singapores $310.0 billion economy. The U.S. states that are bigger than Britain include Alaska, Texas, Oregon, Montana and New Mexico. > Minn. GDP per capita: $57,809 (Singapore: $55,236). While Florida is only slightly bigger than average when it comes to area, it has one of the largest populations of any state. As for COVID, Florida has some explaining to do. Yes, cheese is a major contributor to Wisconsins GDP, but a recent surplus due to lack of milk consumption by consumers has created concern. - GDP higher than: 161 of 212 countries We also combined the rest of the worlds five largest economies China, Japan, India, Brazil and Canada. The Solomon Islands economy relies on agriculture, fishing, and forestry remain constants in. GDP per capita: $37,930 (Morocco: $3,292). All of the COVID death rates are measured up to Wednesday, Aug. 31. > Mont. You may also like: Best value public colleges in America, - 2018 state GDP: $569.5 billion The members of the Editorial Board are Editor of Editorials Graham Brink, Sherri Day, Sebastian Dortch, John Hill, Jim Verhulst and Chairman and CEO Paul Tash. > Mass. It has also been a refuge for people and groups displaced by violence. 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 . > Country w/ similar GDP: Uzbekistan ($65.8 billion) Florida is known for being one of the biggest states, but this reputation actually comes from the state's population, not its area. > Country w/ similar GDP: Azerbaijan ($57.3 billion) 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. > Country w/ similar GDP: Hungary ($153.1 billion) Texas Each countrys 2017 GDP came from the World Bank and is in constant U.S. dollars, as of 2010. Three Cs: Cigarettes, coal, and copper are crucial to Montanas economic stability. - 2018 state GDP: $527.1 billion Virginia Ethiopia is still a country with extreme poverty, but is seeing rapid growth thanks to agriculture. 1 in GDP, followed by Texas and New York. If youre an investor looking to minimize expenses, consider checking out online brokerages. Export figures and other country information came from the Observatory of Economic Complexity from MIT Media Labs and the BBC. Portugal's Atlantic coastline is 837 kilometers long, about 520 miles. Meanwhile, Joe Biden casually stated that he might visit the town "at some point" and again claimed that he's spoken to "every . 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. 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. Vermont has a $29.6 billion economy, nearly the same size as Latvias $30.2 billion economy. > GDP: $323.3 billion > Vt. GDP per capita: $47,408 (Latvia: $15,553). Still, their populations closely align, as they are each home to some 5.6 million people. State leaders in Arizona are promising more education spending made possibleby economic growth that includes a $750 million surplus for the 2021 budget year. - 2018 state GDP: $1.8 trillion Letsgetstarted. The population and gross domestic product figures came from the United Nations, the International Monetary Fun and the Central Intelligence Agencys World Fact Book. U.S. military money and agriculture sustain the small economy of the Marshall Islands. 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. 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. Select two states below to get started. COVID changed the world and the global economy, and the new numbers for 2020 are out, showing Floridas growth compared to the rest of the world. Belgium has a well-developed, diversified economy with several major sectors including services, manufacturing, and technology. Latvia, a former Soviet republic in northeastern Europe, transitioned to a free market economy in the 1990s. Florida's death toll, however, remains lower than Italy's - 4,277 in Florida, compared to 34,954 in Italy. British Virgin Islands. 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. Economic Activity. The size of the 50 U.S. states, listed from largest to smallest. You may be surprised at what you find! 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. Additional sources of info were the U.S. Census, the CIAs World Factbook, university business databases, and newspaper and business journal articles. Wyomings economy is also largely resource based. > Country w/ similar GDP: Israel ($297.4 billion) New data shows that today Florida, if it were an independent country, would be the 15th largest economy in the world. - GDP higher than: 144 of 212 countries > Country w/ similar GDP: Oman ($74.8 billion) Connecticut 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. - GDP equal to: Hungary ($157.9 billion) plus Chad ($11.3 billion). Lets look at the U.S. versus the countries with the next dozen largest economies. It is interesting to compare land area, total population and GDP. Italy is 294k sq km the US is 31 times bigger - 9,160k sq km. > Country w/ similar GDP: New Zealand ($181.5 billion) But expanding your horizons may add additional costs. 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. 24/7 Wall St. matched each state to the country with the most similar GDP. > Texas population: 28.3 million (Russian Federation: 144.5 million) What might be more surprising, however, is that Nebraska has roughly the same . > Ohio GDP per capita: $50,666 (Poland: $15,823). Oil has pumped billions into North Dakotas GDP numbers over the past decade. - GDP equal to: Zimbabwe ($31billion) plus Central African Republic ($2.2 billion). - GDP equal to: Argentina ($519.9 billion) plus North Macedonia ($12.7 billion). We have a choice in this fight. 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. > GDP: $52.3 billion Zillow offers "Zestimates" on . Editorials are the institutional voice of the Tampa Bay Times. One of the tiger economies of Asia, Singapore underwent an economic boom in the 1980s and 1990s. In Wisconsin, its cheese. > GDP: $490.2 billion A resource-rich state, Alaskas 1.6 billion barrels of proved crude oil reserves is more than all but five other states. New Mexicos economy relies on industries like agriculture, forestry, mining, and arts, entertainment, and accommodation, which employ a larger than typical share of workers in the state. > Alaska population: 739,795 (Guatemala: 16.9 million) distribution partner, email us at Georgia Florida attained statehood in 1845, yet not until a pair of railroad barons built lines down the Atlantic and Gulf coasts in the late 1800s and early 1900s . New Zealands economy is driven largely by agriculture, tourism, and manufacturing. The lower number is a function of measuring deaths across only 30 days, not 19 months. Costa Rica sends out tons of precision instruments and prepared foods. > Country w/ similar GDP: Saudi Arabia ($684.2 billion) - GDP higher than: 158 of 212 countries on Per capita GDP by country was calculated by the World Bank and is current as of 2017. > GDP: $70.6 billion For almost two centuries, cotton has been essential to Oklahomas economy. - GDP higher than: 189 of 212 countries That oil may go to fueling the aircrafts that regularly fly into Macau, which is a destination for gambling. For reference, Iowas GDP per capita is just $53,798. - GDP higher than: 192 of 212 countries Despite having almost 57 million less residents, Delawares mighty economy trumps that of Myanmar and the Central African Republic. > Wis. population: 5.8 million (Israel: 8.7 million) Ten Smallest States Map of the 10 smallest US states by size. 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. No corner of the country was untouched by the pandemics economic consequences but some states have emerged better off than others. Tobacco, the auto industry, and aircraft industry make up some staples of Ohios GDP figures. Partially as a result, the states economy contracted by 2.1% from the end of 2019 through the end of 2020. A coup threw Zimbabwes economy into uncertainty, but mining has always been a staple. Consequently, the landscape varies greatly . 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. - 2018 state GDP: $54.7 billion GDP per capita: $66,419 (Croatia: $15,322). - GDP higher than: 135 of 212 countries 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. It's had more deaths . > Country w/ similar GDP: Kazakhstan ($196.0 billion) - 2018 state GDP: $77.1 billion > Country w/ similar GDP: Slovak Republic ($108.2 billion) In fact, Florida is the 3rd most populous state in America. The countrys economy centers around manufacturing, with more than a quarter of exports in 2017 in vehicles or vehicle parts. In other words, Alaska is approximately 10.12 times larger than Florida. - 2018 state GDP: $1.7 trillion Like other countries in the region, Oman relies heavily on exports of crude oil and petroleum products. Michigan has a $458.8 billion GDP, roughly in line with the economic output of the South American nation of Argentina. 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. > Wyo. > GDP: $458.8 billion > Country w/ similar GDP: Norway ($481.8 billion) If youre ready to find an advisor who can help you achieve your financial goals, get started now. Overall, the US produced 24.3% of world GDP in 2017, with only about 4.3% of the world's population. The countrys wealth is partially due to the discovery of oil offshore in the 1960s. Wed miss the sunshine and the states lubricous politicians, and Kiwi-man stories couldnt possibly hold a candle to their Florida-man equivalents. > Country w/ similar GDP: Angola ($101.7 billion) Despite the setback, Floridas 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. 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. On this page. > Nev. population: 3.0 million (Kuwait: 4.1 million) Thus, the small size and large population makes New Jersey the most densely populated . Pennsylvania, particularly in its southwest counties, is a major producer of coal. Mercator's map inadvertently also pumps up the sizes of Europe and North America. One of the fastest . > Colo. population: 5.6 million (Singapore: 5.6 million) - 2018 state GDP: $124billion - 2018 state GDP: $592.2 billion > GDP: $184.7 billion West Virginias GDP owes a lot to income from mining and plastics. > GDP: $1.4 trillion 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. - GDP higher than: 147 of 212 countries > Country w/ similar GDP: Norway ($481.8 billion) How did they do it? Lets choose wisely. > S.D. - GDP higher than: 153 of 212 countries Florida is about 70 times smaller than United States. In 2007, India's $800 billion economy was on par with Florida. > Del. > GDP: $463.6 billion 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. Azerbaijans economy benefits from its oil reserves, but economic growth has been stifled in recent years by corruption. - GDP higher than: 156 of 212 countries California Hungary has a varied economy, exporting different products like computers, cars, medical equipment, and more. - 2018 state GDP: $64.9 billion Delawares economy is advanced, with the finance, insurance, and real estate sector accounting for a far higher than average 10.3% of total employment. In doing so, youre agreeing to the below guidelines. - GDP higher than: 192 of 212 countries - GDP higher than: 182 of 212 countries > Pa. population: 12.8 million (Saudi Arabia: 32.9 million) Agriculture is key to Moroccos GDP too, but so are aerospace and tourism. 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. Yikes! > Mass. Illinois Compared to the United States it is tiny. With the delta variant spreading, its a good time to make some COVID comparisons. Texas and Brazil. Less stable is Libyas economy, which suffers from political insecurity, power outages, and a booming black market. Other parts of the US compare somewhat in size with the rest of the territories in the UK. Kentucky 1. Subscribe to our free Stephinitely newsletter. And Japan, among other countries, has been much more accepting of wearing masks and social-distancing in public spaces. California is equal to 1.74 UKs. Ontario is big. - GDP equal to: Myanmar ($71.2 billion) plus Liechtenstein ($6.2 billion). Nearly three-quarters of Irans 2017 exports, worth roughly $54 billion, are in petroleum. - GDP higher than: 177 of 212 countries The State of Florida is in the far southeastern region of the United States, and it covers an area of 65,757 sq. Virginia has a massive $463.6 billion economy, in line with the total economic output of Nigeria, the most populous country in Africa. Florida was the 27th state to be admitted to the Union in 1845. 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. 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. Additional state level data on economic output by industry from the Bureau of Economic Analysis. To find out how big, simply select your state from the drop down menu, and we'll show you! Its GDP compares favourably to that of France, which produced $2.42 trillion during the same period. Mississippi - 2018 state GDP: $178.1 billion The countrys chief exports include cotton, gas, and gold. More than half of Australias $243 billion in exports came from minerals and natural resources like iron, gold, coal, and petroleum. Every day you run your business and every day politicians and bureaucrats in Tallahassee make decisions that impact it. - 2018 state GDP: $364.1 billion republish under a Creative Commons License, and we encourage you to 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. PAGE CREATED ON : 12/03/2022 LAST UPDATED DATE : 12/03/2022 Over 11,000 miles of rivers, streams and waterways are located within the state. Cotton and whisky are two notable industries in Tennessee. Kansas is a major producer of civilian aircraft, engines, and parts. - 2018 state GDP: $257.3 billion You may also like: Best jobs that don't require a college degree, - 2018 state GDP: $202.6 billion Florida's death toll, however, remains lower than Italy's 4,277 in Florida, compared to 34,954 in Italy. To help mitigate those differences, we grouped together Europes five largest economies Germany, U.K., France, Italy and Russia. Others dont have the resources to confirm and record every death India, for instance. > N.Y. GDP per capita: $71,252 (Australia: $55,926). 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. In other words, Alaska is approximately 10.12 times larger than Florida. Among Virginias major exports are road tractors for semi-trailers, spacecraft, and tobacco. > Country w/ similar GDP: Hungary ($153.1 billion) Nearly half of the countrys $70.1 billion in exports in were copper, copper ore, and refined copper. But what if Florida were a country? From an economic perspective, the 2 trillion dollar Texas economy is about 8% of the 25 million dollar US economy. If your organization is interested in becoming a Stacker - GDP equal to: Colombia ($331billion) plus Mali ($17.2 billion). Though Nebraska has a much smaller population than the Slovak Republic, its landmass is more than four times that of the European nation. Scotland has a land size of 30,415 . > S.C. GDP per capita: $39,673 (Algeria: $4,820). > GDP: $44.4 billion - GDP equal to: Sweden ($556.1 billion) plus Tajikistan ($7.5 billion). When it comes to real estate, however, consumers should be wary of relying too heavily on estimates from websites like Zillow.
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