Partially as a result, the states economy contracted by 2.1% from the end of 2019 through the end of 2020. - 2018 state GDP: $622billion > Wyo. There are over 1.6 million people in the Jacksonville area. In other words, Florida is approximately 42.56 times larger than Rhode Island. Zillow offers "Zestimates" on . North Dakotas economy is heavily dependent on resource extraction, an industry that flourished in the last 10 years due to new developments in hydrofracking methods methods that allow for the extraction of natural gas in the states Bakken Formation. > Colo. GDP per capita: $57,654 (Singapore: $55,236). - GDP higher than: 179 of 212 countries One of the nations leading coal producers, West Virginias economy is heavily based on resource extraction. Oil and gas are similarly important to Canadas GDP, with Western Canada as a major location for wells and drilling. Rhode Island has approximately 2.35% the land area of Florida. The capital is Tallahassee, located in the northwestern panhandle. Qatars $173.4 billion GDP is only slightly higher than Iowas $169.2 billion GDP even though it is home to half a million fewer people than the Midwestern state. - GDP equal to: Macao SAR, China ($55.1 billion) plus Vanuatu ($0.9 billion). The only states with larger populations than Florida are California and Texas. 47 by population. 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. Ten Smallest States Map of the 10 smallest US states by size. By clicking Accept, you consent to the use of cookies. Its GDP compares favourably to that of France, which produced $2.42 trillion during the same period. Colorado - GDP higher than: 153 of 212 countries - GDP higher than: 192 of 212 countries. Thanks in large part to its energy sector, Alaskas $52.3 billion GDP is closely aligned with that of Guatemala, a country with a population nearly 23 times that of Alaska. - 2018 state GDP: $364.1 billion Overall, the US produced 24.3% of world GDP in 2017, with only about 4.3% of the world's population. > GDP: $323.3 billion North Dakota > Ky. GDP per capita: $41,463 (New Zealand: $37,853). Tobacco is also an anchor of Sri Lanka's economy, along with oil and tea. Home to 1.4 million people, Hawaiis economy generated $79.5 billion in 2017, nearly the same as the GDP of Myanmar, a country with a population over 37 times that of Hawaii. Casinos obviouslyboost Nevadas GDP profile, but real estate is also a solid contributor. Peru had the highest rate. - GDP higher than: 194 of 212 countries Florida is slightly bigger than the average state, as it ranks 22nd by area. 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. North Dakotas economy is roughly the size of the entire African nation of Ghana. - 2018 state GDP: $1trillion today Florida, if it were an independent country, would be the 15th largest economy in the world. On the opposite end of the spectrum, Singapore is tethered to machinery and oil, with Eritrea reliant on mining. The COVID-19 pandemic sent economic shockwaves through the U.S. economy, tripling the monthly unemployment to nearly 15% and leading to a more than 30% quarterly decline in GDP by far the largest economic contraction in U.S. history. You may also like: Best jobs that don't require a college degree, - 2018 state GDP: $202.6 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. > Nev. GDP per capita: $47,648 (Kuwait: $33,546). - GDP higher than: 191 of 212 countries - State population (2019): 3.6 million - State population greater than: 86 of 216 countries. > Country w/ similar GDP: Algeria ($199.2 billion) New York state, home to one of the financial capitals of the world, is one of three states with an economic output that exceeds $1 trillion. Over half of its $31.2 billion in exports in 2017 were either crude petroleum, petroleum gas, or refined petroleum. mi. For one, not every country reports COVID numbers the same way. Geographic location has been the key factor in Florida's long and colourful development, and it helps explain . As 2020 opens, uncertainty in trade, uncertainty in politics, and unstable business relations with countries like China and Russia weigh on economies at home and abroad. > R.I. population: 1.1 million (Slovenia: 2.1 million) Still, Croatias GDP of $63.2 billion is closely in line with Delawares $63.9 billion economy. - GDP equal to: Morocco ($117.9 billion) plus Guam ($5.9 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. Only seven states on this list have a lower GDP per capita than their corresponding country. 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. > GDP: $190.9 billion Alaska is bigger than most people realize. > Country w/ similar GDP: Argentina ($460.3 billion) Alaska, which is the largest state, has among the lowest state populations in the country. Singapore has a highly developed economy and is a global financial hub. Letsgetstarted. On 7 August, the government announced a further 25 billion ($29.5bn) stimulus package which included plans to extend its furlough scheme for up to Peru is the 20th largest country in the world, with a total area of approximately The US economy is so big . > Okla. GDP per capita: $48,569 (Kazakhstan: $10,868). The size of North Carolinas economy, like that of Massachusetts and Washington, is closest to that of Norways. > Ind. In doing so, youre agreeing to the below guidelines. - 2018 state GDP: $592.2 billion If youre an investor looking to minimize expenses, consider checking out online brokerages. 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. Yes, cheese is a major contributor to Wisconsins GDP, but a recent surplus due to lack of milk consumption by consumers has created concern. The most recent OECD study -- from 2014 using 2011 data -- shows that the United States . - 2018 state GDP: $84.5 billion 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. Here's British Columbia, outlined by yours truly. They often offer low investment fees, helping you maximize your profit. Although Dorothy landed in Oz and not Hungary, her home state surpasses the Central European nation known for machinery, construction materials, and processed foods. > Country w/ similar GDP: Norway ($481.8 billion) The average population of Florida's counties is 325,091; Miami-Dade County is the most populous (2,662,777) and Liberty County is the least (7,900). > GDP: $100.1 billion > Kan. population: 2.9 million (Hungary: 9.8 million) In Somalia, livestock and telecommunications provide some economic help. - GDP equal to: Colombia ($331billion) plus Mauritania ($5.2 billion). The Garden State has a rich mix of chemicals, gambling, agriculture, and even perfumes that contribute toward its GDP. Death may be inevitable for all of us, but death from COVID doesnt have to be, at least not in the large numbers weve seen so far. > Country w/ similar GDP: Slovak Republic ($108.2 billion) > GDP: $29.6 billion As one of only a few U.S. states whose GDP tops $1 trillion, Florida brings in more than the Netherlands (which yes, does get an economic boost from marijuana) and Morocco, whose top exports are vehicles and electrical equipment. About half of the countrys exports are petroleum. Thus, the small size and large population makes New Jersey the most densely populated . An important observation: Israel has a high vaccination rate and enjoys a robust health care system accessible to most residents. - 2018 state GDP: $1.7 trillion > GDP: $321.1 billion New Mexico | Analysis. If youre ready to find an advisor who can help you achieve your financial goals, get started now. - 2018 state GDP: $189.7 billion All data used to create the index came from the Bureau of Labor Statistics and the U.S. Census Bureau. A majority of Connecticuts GDP comes from private industries: manufacturing, wholesale trade, and real estate and rental leasing among the major contributors. - GDP equal to: Hong Kong SAR, China ($362.7 billion) plus Solomon Islands ($1.4 billion). In fact, it's 1.076 million km, and has almost 14 million residents according to the province's 2016 data.. Chile derives much of its wealth from natural resources, primarily copper. If youre ready to find an advisor who can help you achieve your financial goals, get started now. A common debate at the bar and on the internet regularly centers on how one state could stand on its own independently. population: 3.0 million (Morocco: 35.7 million) - GDP equal to: Cuba ($100billion) plus Marshall Islands ($0.2 billion). Though the United States is not the largest country in the world either by landmass or by population it is by far the worlds largest economy, with a GDP of over $17.3 trillion in 2017, equal to nearly a quarter of the global economy. > Country w/ similar GDP: Uzbekistan ($65.8 billion) Key Facts. Subscribe now to get the latest news delivered right to your inbox. The nations most closely watched forecasting model predicted 98,000 more COVID deaths in the United States by Dec. 1, which would bring the countrys somber tally to 730,000. We've had - Florida's have fewer cases per capita than California. Florida is considered a favorite travel destination in the United States and of the world. - GDP equal to: Colombia ($331billion) plus Mali ($17.2 billion). - 2018 state GDP: $3trillion > Calif. population: 39.5 million (India: 1.3 billion) Motor vehicles, iron, and steel buoy Swedens economy. 24/7 Wall St. identified the country with the GDP that most closely matches the size of the economy of each state. - GDP higher than: 141 of 212 countries - 2018 state GDP: $412.6 billion For almost two centuries, cotton has been essential to Oklahomas economy. Among the specialized products South Carolina creates are gear boxes for motor vehicles. Florida is known for being one of the biggest states, but this reputation actually comes from the state's population, not its area. Motor vehicles and parts also are important to Argentinas GDP. Germany, Europe's biggest economy, has a GDP roughly the same as 12 of the eastern states, at $3.35 trillion in 2015. Washington, D.C., and U.S. dependencies are included as well. Fighting for the Axis powers in WWII and occupied by Soviets until 1991, Hungary is now a democracy and member state of NATO and the EU the latter of which has been a boon for the countrys economic development. The Florida Chamber thanksGovernor DeSantis for his continued leadership and for keeping Floridas economy open during the global pandemic. Brazil. Formed in 1961, OECD sets international standards on a wide range of topics, including education spending. Resource extraction is also a pillar of Ghanas far less diversified economy. - 2018 state GDP: $50.3 billion Norway recently developed into a major exporter of petroleum after discovering offshore reserves. > GDP: $590.7 billion population: 4.7 million (Romania: 19.6 million) Bridgette Norris - GDP equal to: Romania ($239.6 billion) plus Marshall Islands ($0.2 billion). Subscribe to our free Stephinitely newsletter. Mississippis $100.1 billion in economic output in 2017 closely matches the GDP of the African nation Angola. Kazakhstan is geographically large about the size of Western Europe and resource rich. Though their economies are roughly the same size, Angola is home to nearly 30 million people, 10 times Mississippis population. 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. Indianas $321.1 billion economy is only slightly larger than Singapores $310.0 billion economy. - GDP equal to: Myanmar ($71.2 billion) plus Central African Republic ($2.2 billion). > GDP: $226.6 billion The second largest state economy in the country, the GDP of Texas rivals that of world superpower Russia. Haiti, which once specialized in sugar, is seeing its economy drastically decline. Roulette and slot machines are less prevalent in Chad, which banks on oil and agriculture. It posted a record-breaking 87.3 million visitors in 2011. This isnt a theoretical analysis, nor are we looking at something that happened years ago. - 2018 state GDP: $33.3 billion Even more significant is the GDP of each . 24/7 Wall St. matched each state to the country with the most similar GDP. - GDP equal to: Myanmar ($71.2 billion) plus Bermuda ($5.6 billion). Maine You may also like: Best community college in every state, - 2018 state GDP: $52billion Benin, meanwhile, is relatively reliant on cotton. [4] Aluminum is one of Cameroons main industries, while Sao Tome and Principe is known for its cocoa bean industry. on It closely matches the GDP of Australia. - 2018 state GDP: $257.3 billion Florida is about 70 times smaller than United States. Conversely, a relatively small amount of New Jerseys economic output comes from natural resources. Additional sources of info were the U.S. Census, the CIAs World Factbook, university business databases, and newspaper and business journal articles. 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. Compared to U.S. states, South Carolina has a relatively low GDP per capita at just under $40,000, but it is well beyond that of Algeria. > Del. > W.Va. GDP per capita: $38,860 (Oman: $16,144). > Md. > Country w/ similar GDP: Latvia ($30.2 billion) GDP per capita: $66,776 (Cte dIvoire: $1,626). - GDP higher than: 189 of 212 countries 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. British Virgin Islands. Israels top export is diamonds, worth over $10 billion in 2017. Gross domestic product, or GDP, is the total value of goods and services a state or country produces over a given period. More than 15% of Ohio workers are employed in the manufacturing sector compared to 10.1% of workers nationwide. > Mo. Belgium has a well-developed, diversified economy with several major sectors including services, manufacturing, and technology. Alaska is near the bottom at no. - GDP equal to: Hungary ($157.9 billion) plus Benin ($10.4 billion). That increase is the equivalent of everyone in Largo plus half of Dunedin dying in about three months. Dominicas economy has shifted from bananas to tourism. The lower number is a function of measuring deaths across only 30 days, not 19 months. - 2018 state GDP: $318.9 billion Florida encompasses 65,757 square miles, which would make it the 90th largest country in the world, according to Self Storage, and would make it just above the median size of a country. > N.C. GDP per capita: $47,142 (Norway: $91,219). 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 higher than: 169 of 212 countries You may be surprised at what you find! Today, it is one of the most open and developed economies in the world. land area is about 0.3 times the size of Washington, DC. > Minn. population: 5.6 million (Singapore: 5.6 million) Still, Tennessee and Singapore have similarly sized economies, at $315.1 billion and $310.0 billion, respectively. Alaska > La. PAGE CREATED ON : 12/03/2022 LAST UPDATED DATE : 12/03/2022 The Bayou State is big on manufacturing, and professional, scientific, and technical services (beignets and gumbo, while delicious, probably only amount to a small amount of the states economy). > GDP: $169.2 billion > Wash. population: 7.4 million (Norway: 5.3 million) North Carolina Idaho As a result, the per capita GDP of Saudi Arabia is significantly smaller than Pennsylvanias. > Ga. population: 10.4 million (Belgium: 11.4 million) You may also like: States where you are most likely to hit a deer, - 2018 state GDP: $221.7 billion - GDP higher than: 157 of 212 countries > GDP: $275.6 billion republish under a Creative Commons License, and we encourage you to Ohio. 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: Russian Federation ($1.7 trillion) plus Chad ($11.3 billion). 2022 Texas Gubernatorial. Virgin Isl. Our smallest state is a giant in the recycling industry. But Texas might not seem as big compared to an entire continent like Europe. Washington apple producers are hoping for even more gains with the creation of the Cosmic Crisp apple. - 2018 state GDP: $169.3 billion Egypts economy is hard to gauge due to political factors, but oils and textiles have traditionally buttressed the country. West Virginia population: 1.9 million (Slovak Republic: 5.4 million) Californias massive economy is bolstered by its nearly 40 million residents and a diverse range of industries, from agriculture to technology. In fact, Florida is the 3rd most populous state in America. Drag and drop countries around the map to compare their relative size. - 2018 state GDP: $124billion > Miss. Though Iraq is not often considered an economic powerhouse, it has a GDP of over $200 billion very similar to Oregons economic output. > Country w/ similar GDP: Lebanon ($43.2 billion) - GDP higher than: 208 of 212 countries > Country w/ similar GDP: Qatar ($173.4 billion) 2. California is similar in population to Iraq, Texas is comparable to Venezuela, and all of Chile could be contained within New York. But China is now more than twice as big as the two largest U.S. states together. - GDP higher than: 129 of 212 countries Wyoming has a $38.7 billion economy, nearly the same size as the economy of Cote dIvoire, or the Ivory Coast, a nation in West Africa.