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More than half of Australias $243 billion in exports came from minerals and natural resources like iron, gold, coal, and petroleum. In its third decade of existence, North Macedonia is finally seeing notable economic growth. 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. 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. Though Saudi Arabia and Pennsylvania have similarly sized economies, the Middle Eastern country has a larger population by over 20 million. > Country w/ similar GDP: Israel ($297.4 billion) - 2018 state GDP: $178.1 billion Nigeria depends on oil, shipping, and cocoa, while Albanias market is in flux due to close ties with Greece and Italy, countries with volatile economies. > GDP: $142.9 billion Three Cs: Cigarettes, coal, and copper are crucial to Montanas economic stability. > Country w/ similar GDP: Guatemala ($52.8 billion) New Jersey has a similar economic output to Iran, even though the Middle Eastern country has about nine times as many residents and 72 times as much land. More recent data out of the US suggests that gun ownership . The second largest state economy in the country, the GDP of Texas rivals that of world superpower Russia. If your organization is interested in becoming a Stacker According to the CDC, the results haven't been too bad. For example, Californias $2.6 trillion economy is larger than all but half a dozen countries worldwide. The lower number is a function of measuring deaths across only 30 days, not 19 months. Vermonts economy is far more developed, generating the same output as Latvia with about a third of the population. The Florida Chamber thanksGovernor DeSantis for his continued leadership and for keeping Floridas economy open during the global pandemic. It closely matches the GDP of Australia. You may also like: Can you answer these real 'Jeopardy!' West Virginias GDP owes a lot to income from mining and plastics. - GDP equal to: Argentina ($519.9 billion) plus North Macedonia ($12.7 billion). However, because Norway is home to about 1.6 million fewer people than Massachusetts, its GDP per capita is even higher, at $91,219. A financial advisor can help you understand the advantages and disadvantages of investment properties. You can compare any other two counties if you know their FIPS codes. storytelling. - 2018 state GDP: $77.1 billion Belgium has a well-developed, diversified economy with several major sectors including services, manufacturing, and technology. > Mo. In an international context, however, we find that the population sizes of many US states make them comparable to numerous foreign countries. A coup threw Zimbabwes economy into uncertainty, but mining has always been a staple. Based on total gross domestic product, the Sunshine States economy would rank in the top 20 in the world, a little smaller than Indonesias and about the same size as the Netherlands. Columnist Stephanie Hayes will share thoughts, feelings and funny business with you every Monday. Some have highly advanced innovation-driven economies, while others are dependent on resource extraction or agriculture. Among the specialized products South Carolina creates are gear boxes for motor vehicles. While Alaska had one of the lowest GDPs in 2018, it still tops the combined total of Slovenia and American Samoa. The average land area is 805 sq mi (2,085 km 2 ). We found that most states have a unique industry that inflates their GDP. - GDP higher than: 189 of 212 countries restrictions, which you can review below. Ghanas major exports include oil, gold, and cocoa. We also combined the rest of the worlds five largest economies China, Japan, India, Brazil and Canada. One key contributor to Georgias economy is a growing film industry. Portugal's Atlantic coastline is 837 kilometers long, about 520 miles. Montana 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. Particularly interesting to note is the fact that California has 6 million fewer workers than France, yet produced a little . - GDP higher than: 169 of 212 countries 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. Florida overtook Indonesia and Mexico's economies during the past year. Key Facts. 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. > Ind. Compare your state to Alaska. > Del. > GDP: $150.1 billion Scroll to read more Arts Stories + Interviews articles. To be blunt: Too many people are still dying from COVID, and at a much higher rate in Florida than any other place in our comparison. > Md. Kentucky generated $184.7 billion in economic output in 2017, closely in line with New Zealands $181.5 billion GDP. Kazakhstan, a country 15 times the size of Oklahoma by landmass and nearly five times as large by population, has a similarly sized economy. Casinos obviouslyboost Nevadas GDP profile, but real estate is also a solid contributor. Less stable is Libyas economy, which suffers from political insecurity, power outages, and a booming black market. Washington - 2018 state GDP: $275.7 billion > La. - 2018 state GDP: $592.2 billion Economic Activity. 11 U.S. States That Are Larger Than the UK. 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. All of the COVID death rates are measured up to Wednesday, Aug. 31. Virgin Isl. > Ga. population: 10.4 million (Belgium: 11.4 million) > Country w/ similar GDP: Norway ($481.8 billion) Theres a dose of luck, but its hardly a coincidence that Canada and Germany, for instance, have higher vaccination rates and lower COVID death rates than the United States. > GDP: $53.5 billion - 2018 state GDP: $239.8 billion > Ohio GDP per capita: $50,666 (Poland: $15,823). 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. 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. Californias massive economy is bolstered by its nearly 40 million residents and a diverse range of industries, from agriculture to technology. The state would have the highest death rate in our country comparison, no matter the time frame. > GDP: $148.5 billion Wyomings economy is also largely resource based. > GDP: $490.2 billion Nearly 16% of the states labor force is employed in the professional, scientific, and management sector, the largest share of any state. mi. New Mexico has a GDP of $91.0 billion, in line with the GDP of the South American nation of Ecuador. The countrys chief exports include cotton, gas, and gold. > Country w/ similar GDP: Argentina ($460.3 billion) But China is now more than twice as big as the two largest U.S. states together. Investing in real estate can diversify your portfolio. 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. Ontario is big. It's bigger than Japan (377,900km 2. 1 in GDP, followed by Texas and New York. As the animated GIF belowcreated by Reddit user, neilrkaye - demonstrates, northern nations such as Canada and Russia . A former Soviet republic, Kazakhstans economy is heavily dependent on agriculture and extraction of oil and minerals, including copper and zinc. > Alaska GDP per capita: $70,683 (Guatemala: $3,124). With a population of 21.5 million according to the 2020 census, Florida is the most populous state in the Southeastern United States, and the second-most populous state in the South behind Texas. 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. > Fla. population: 21.0 million (Netherlands: 17.1 million) Universal health care in most countries has been achieved by a mixed model of funding. as well as image rights, data visualizations, forward planning tools, Popular Political Data. > Country w/ similar GDP: Cote dIvoire ($39.5 billion) > R.I. population: 1.1 million (Slovenia: 2.1 million) New Jersey, on the other hand, is the 46th smallest state by land size, but it also ranks 11th by population. Iraq has about nine times as many people as Oregon, however, meaning its GDP per capita is about one-ninth of Oregons. 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. Partially as a result, the states economy contracted by 2.1% from the end of 2019 through the end of 2020. 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. > Idaho population: 1.7 million (Uzbekistan: 32.4 million) In other words, Alaska is approximately 10.12 times larger than Florida. - GDP higher than: 127 of 212 countries Tech industries have certainlyboosted the Golden States economyThe Guardian recently noted how Silicon Valley alone would be one of the worlds richest countries. > Ga. GDP per capita: $48,979 (Belgium: $46,079). Resource extraction is also a pillar of Ghanas far less diversified economy. Last decade, Cuba opened up its borders to more trade, but slowed oil trade with Venezuela is stagnating growth. Kentucky has a diverse economy, notable for whiskies, horse breeding, and a relatively new industry of antisera. Iowa is in the rare situation of low unemployment and not enough wage growth. 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. The auto industry has been a beacon of Michigans economy for almost a century. > GDP: $74.4 billion While confronted with climate change questions, oil and gas remain a driving force of the economy in Texas. - GDP equal to: United Kingdom ($2.9 trillion) plus Kuwait ($140.6 billion). After all, the U.S. GDP in 2021 . > Wash. population: 7.4 million (Norway: 5.3 million) Iowa Guatemalas economy is largely agriculture based, with bananas and coffee as its chief agricultural exports. Croatia creates fabricated metals and machine tools, while Guyana has seen a boost in gold production, which has compensated for declining sugar production. You may also like: Best jobs that don't require a college degree, - 2018 state GDP: $202.6 billion Today, India's economy is 2.4 times larger than the Sunshine State. Yikes! - GDP higher than: 196 of 212 countries > Wyo. > Colo. population: 5.6 million (Singapore: 5.6 million) - GDP equal to: Myanmar ($71.2 billion) plus Central African Republic ($2.2 billion). Nebraskas bread and butter is in meat, corn, and soybeans. Benins new free market economy is showing signs of growth, with cotton as an anchor. - GDP equal to: Ethiopia ($84.4 billion) plus Tuvalu ($42.6 million). As a result, the per capita GDP of Saudi Arabia is significantly smaller than Pennsylvanias. - GDP equal to: Nigeria ($397.3 billion) plus Albania ($15.1 billion). As for COVID, Florida has some explaining to do. 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. 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 higher than: 129 of 212 countries The majority of U.S. states are smaller in both population and landmass than the country with the closest GDP. > Country w/ similar GDP: Algeria ($199.2 billion) Kuwait has a relatively open political system for the region, and it has more proved oil reserves than all but a handful of other countries worldwide. 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. - GDP higher than: 141 of 212 countries The table above shows a comparison of 30-year vs. 15-year fixed-rate loans for a $250,000 home with a 20% down payment. Colorado questions about the economy? South Dakota has become a king in the soybean industry. 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. - GDP higher than: 202 of 212 countries - 2018 state GDP: $368.9 billion 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. In Somalia, livestock and telecommunications provide some economic help. Compared to states like California and Montana, Texas is huge. The U.S. states that are bigger than Britain include Alaska, Texas, Oregon, Montana and New Mexico. Editorials are the institutional voice of the Tampa Bay Times. Tim Wenger. That makes Italy 1.77 times as large as Florida. > Ohio population: 11.7 million (Poland: 38.0 million) > W.Va. GDP per capita: $38,860 (Oman: $16,144). Hungary is home to 9.8 million people, more than triple the population of Kansas. 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. The United States fares okay, but that graph doesnt scream American exceptionalism. Several of the other countries have kept deaths at far lower rates. Compared to the United States it is tiny. Wyoming > Country w/ similar GDP: Iran, Islamic Rep. ($560.9 billion) > GDP: $79.5 billion In Stevehacks, you can easily find your deserved recipes by using filtering by category function or you can use searching how big is argentina compared to other countries on the top of page. The list was created using 2018 GDP data (released in 2019) from the Bureau of Economic Analysis and the World Bank. The Netherlands is one of the largest economies in the European Union. 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. - GDP equal to: Libya ($48.4 billion) plus St. Lucia ($1.9 billion). The way North Carolina relies on furniture, Tajikistan is reliant on minerals. Compared to Smallest State Singapores economy is highly developed and relies heavily on exports of computer components. - 2018 state GDP: $565.8 billion The United States is a vast country with a large amount of land. Some are diligent. 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. > GDP: $480.9 billion > Va. GDP per capita: $54,730 (Nigeria: $2,412). Follow @TBTimes_Opinion on Twitter for more opinion news. > S.D. GDP per capita: $45,076 (Chile: $15,060). Washington apple producers are hoping for even more gains with the creation of the Cosmic Crisp apple. West Virginias 2017 GDP of $70.6 billion is nearly in line with that of Oman, a Middle Eastern country with a $74.8 billion economy. - GDP higher than: 141 of 212 countries - 2018 state GDP: $364.1 billion population: 4.7 million (Romania: 19.6 million) Factors like the European Union instability, Brexit, and protests in Hong Kong are hampering markets around the world. - GDP equal to: Netherlands ($913.7 billion) plus Morocco ($117.9 billion). Indiana > Calif. GDP per capita: $65,160 (India: $1,965). GDP per capita: $58,053 (Slovak Republic: $19,897). Of the countrys $60.8 billion in exports, 95% are crude petroleum. - 2018 state GDP: $257.3 billion Like Arizona, the country that has the closest GDP to Wisconsin is Israel. Its GDP per capita is less than one-third that of Utah. - 2018 state GDP: $675.9 billion By The US ratio of 120.5 firearms per 100 residents, up from 88 per 100 in 2011, far surpasses that of other countries around the world. Tourism is a major draw in and around the Channel Islands. While Florida is only slightly bigger than average when it comes to area, it has one of the largest populations of any state. - GDP higher than: 180 of 212 countries Norway recently developed into a major exporter of petroleum after discovering offshore reserves. - 2018 state GDP: $64.9 billion Additional state level data on economic output by industry from the Bureau of Economic Analysis. 2022 Florida US Senate. questions about the economy? Offering more than just Ben & Jerrys, Vermont is a state becoming recognized for its tech industry growth. We will place both states on top of each other on the same map in order to show you their relative size. Lets choose wisely. > GDP: $226.6 billion Floridas growing economy is on the right path forward as the Florida Chamber Foundation, through its Florida 2030 Blueprint, works to grow Floridas economy to the 10th largest in the world by 2030. Same goes for comparing the last month to last week, which wasnt very good for Florida either. > Vt. population: 623,657 (Latvia: 1.9 million) share our stories with your audience. population: 6.9 million (Norway: 5.3 million) Though the population of Hungary is more than triple the population of Utah, the European country covers a land mass less than half the size of Utah. - GDP equal to: Morocco ($117.9 billion) plus Guam ($5.9 billion). A relatively high 18.5% of Florida's area is covered by water. Florida has approximately 9.88% the land area of Alaska. Stacker distribution partners receive a license to all Stacker stories, But Texas might not seem as big compared to an entire continent like Europe. New data shows that today Florida, if it were an independent country, would be the 15th largest economy in the world. That increase is the equivalent of everyone in Largo plus half of Dunedin dying in about three months. 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. > Kan. population: 2.9 million (Hungary: 9.8 million) - GDP equal to: Poland ($585.7 billion) plus Sri Lanka ($88.9 billion) Tobacco, the auto industry, and aircraft industry make up some staples of Ohio's GDP figures. A lack of private sector job creation has affected Serbias GDP. This is how all 50 state economies rank. Others dont have the resources to confirm and record every death India, for instance. Gross domestic product, or GDP, is the total value of goods and services a state or country produces over a given period. - 2018 state GDP: $1trillion To help sift out China and Indias underreporting, we excluded those two countries from a third group included on the charts below. > GDP: $321.1 billion 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. It is the coal production that helps put Pennsylvania past Turkey in GDP, despite Turkeys solid production of textiles, iron, and steel. Croatias economy depends heavily on tourism, and the country ranks as one of the wealthiest former Yugoslav republics. Situated along the Mediterraneans eastern shore, Lebanon has long been a regional trading hub. Even tiny Rhode Island produces a higher GDP than nations with millions of more citizens. The largest county is Palm Beach County (2,034 sq mi, 5,268 km 2) and the . > Va. population: 8.5 million (Nigeria: 190.9 million) Alaska is bigger than most people realize. Free Will Astrology: Is the soul shaped like an iceberg or a hummingbirds eye? PAGE CREATED ON : 12/03/2022 LAST UPDATED DATE : 12/03/2022 Still, there are four states with GDPs over $1 trillion. Though Nebraska has a much smaller population than the Slovak Republic, its landmass is more than four times that of the European nation. > GDP: $297.2 billion The Florida Chamber Foundation does not lobby or conduct any political activities whatsoever. Bridgette Norris > Country w/ similar GDP: Nigeria ($460.5 billion) The nations GDP per capita is below $5,000. - 2018 state GDP: $189.7 billion Missouri But ultimately, you have to live with that decision. New data shows that today Florida, if it were an independent country, would be the 15th largest economy in the world. Still, Tennessee and Singapore have similarly sized economies, at $315.1 billion and $310.0 billion, respectively. Latvia, meanwhile is all about processingfoods, metals, and woodas part of its trade strategy. Wales takes up 8,018 square miles, and New Jersey is the closest state in size at 7,354 square miles. Idaho - GDP equal to: Sweden ($556.1 billion) plus Haiti ($9.7 billion). - 2018 state GDP: $128.4 billion Of all the nations in the world, Colorados $323.3 billion economy most closely matches that of Singapore. 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. - 2018 state GDP: $1.7 trillion > GDP: $546.5 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. 24/7 Wall St. matched each state to the country with the most similar GDP. You may also like: Countries with the most oil and who they're selling it to. > Idaho GDP per capita: $39,032 (Uzbekistan: $2,031). At 268,597 square miles, Texas has about 171,902,808 acres of land. Nebraska Oil has pumped billions into North Dakotas GDP numbers over the past decade. U.S. military money and agriculture sustain the small economy of the Marshall Islands. > GDP: $745.3 billion Fri, Jul 15, 2016 at 2:53 pm, Video shows Florida alligator easily blasting through a metal fence, Central Florida Fair is back in Orlando for a 111th year. > Country w/ similar GDP: Azerbaijan ($57.3 billion) 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? Geographic location has been the key factor in Florida's long and colourful development, and it helps explain . Andrei Vasilevskiy, Lightning shut down Red Wings, FSU rallies from 25 points down, stuns No. - GDP equal to: Zimbabwe ($31billion) plus Central African Republic ($2.2 billion). Other comparisons: Florida ($967 billion) produced almost the same amount of GDP in 2017 as Indonesia ($1 trillion), even though Florida's labor force of 10.1 million is less than 8% of the size . republish under a Creative Commons License, and we encourage you to Hawaii South Dakota > GDP: $883.1 billion > N.H. population: 1.3 million (Oman: 4.6 million) 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. You may also like: The most conservative public colleges in America, - 2018 state GDP: $93.8 billion Despite the setback, Florida's 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. > Country w/ similar GDP: Singapore ($310.0 billion) > GDP: $363.0 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.