People arent just getting the virus, they are dying from it. > Mass. - 2018 state GDP: $366.8 billion > Wis. GDP per capita: $50,431 (Israel: $34,135). > Maine GDP per capita: $41,619 (Azerbaijan: $5,805). Azerbaijans economy benefits from its oil reserves, but economic growth has been stifled in recent years by corruption. Qatar, an oil-rich Middle Eastern nation is one of the wealthiest countries in the world, with a GDP per capita of $65,694. - GDP equal to: Myanmar ($71.2 billion) plus Central African Republic ($2.2 billion). Louisianas economy relies heavily on its energy sector. Four of America's states (California, Texas, New York and Florida . > N.M. population: 2.1 million (Ecuador: 16.6 million) The largest county is Palm Beach County (2,034 sq mi, 5,268 km 2) and the . restrictions, which you can review below. Florida's death toll, however, remains lower than Italy's 4,277 in Florida, compared to 34,954 in Italy. > N.H. GDP per capita: $55,413 (Oman: $16,144). Arkansass GDP tops Moroccos, even though the country boasts a diverse economy made up from lively agriculture, aerospace, and phosphates industries. The countrys chief exports include cotton, gas, and gold. - GDP equal to: New Zealand ($204.9 billion) plus Curacao ($3.1 billion). South Dakota has become a king in the soybean industry. SmartAssets free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. > Md. . > GDP: $315.1 billion - GDP higher than: 194 of 212 countries A majority of Connecticuts GDP comes from private industries: manufacturing, wholesale trade, and real estate and rental leasing among the major contributors. GDP in Texas was slightly higher than Brazil's GDP last year of $1.85 trillion. Stevehacks.com provides more than 600 000 recipes from all countries over the world. - GDP equal to: South Africa ($368.3 billion) plus Dominica ($0.6 billion). 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). Meanwhile, the population of United States is ~337.3 million people (318.5 million fewer people live in Florida). 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. Dominicas economy has shifted from bananas to tourism. California barely edges out the entire GDP of the U.K., whose economy is struggling because of the Brexit mess. New Mexico has a GDP of $91.0 billion, in line with the GDP of the South American nation of Ecuador. Minnesota > N.D. population: 755,393 (Ghana: 28.8 million) - 2018 state GDP: $77.1 billion Florida was the 27th state to be admitted to the Union in 1845. Visually speaking, Canada and Russia appear to take up approximately 25% of the Earth's surface, when in reality they occupy a mere 5%. ALLEN: No, Florida never went to another lockdown. It is the coal production that helps put Pennsylvania past Turkey in GDP, despite Turkeys solid production of textiles, iron, and steel. Still, their populations closely align, as they are each home to some 5.6 million people. - 2018 state GDP: $233.9 billion Thus, the US is 107 times bigger than Portugal. The Florida Chamber Foundation does not lobby or conduct any political activities whatsoever. The countrys economy centers around manufacturing, with more than a quarter of exports in 2017 in vehicles or vehicle parts. Costa Rica sends out tons of precision instruments and prepared foods. If youre ready to find an advisor who can help you achieve your financial goals, get started now. At home, environmental factors, new technology, and ever-changing laws cause the GDPs of some states to stagnate. > GDP: $323.3 billion - GDP higher than: 202 of 212 countries GDP per capita: $58,053 (Slovak Republic: $19,897). For almost two centuries, cotton has been essential to Oklahomas economy. You may also like: Best commute in every state, - 2018 state GDP: $100.3 billion - GDP higher than: 158 of 212 countries today Florida, if it were an independent country, would be the 15th largest economy in the world. Squash, vanilla beans, and yams are plentiful in Tonga. The countrys wealth is partially due to the discovery of oil offshore in the 1960s. GDP per capita: $33,558 (Angola: $3,414). Want more of our free, weekly newslettersinyourinbox? California has the countrys highest GDP. - GDP equal to: Colombia ($331billion) plus Mauritania ($5.2 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. Agriculture is key to Moroccos GDP too, but so are aerospace and tourism. Just because a country (or two) may have more residents than a U.S. state, this does not mean its GDP is healthy. - GDP higher than: 168 of 212 countries Nearly half of the countrys $70.1 billion in exports in were copper, copper ore, and refined copper. A coup threw Zimbabwes economy into uncertainty, but mining has always been a staple. In Sri Lanka, government debt accounts for about 79% of its GDP. There are a few guidelines and questions about the economy? Nebraskas bread and butter is in meat, corn, and soybeans. 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. 2. > Mont. South Carolina What might be more surprising, however, is that Nebraska has roughly the same . 1 in GDP, followed by Texas and New York. 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. > Mass. Ghanas major exports include oil, gold, and cocoa. Wed miss the sunshine and the states lubricous politicians, and Kiwi-man stories couldnt possibly hold a candle to their Florida-man equivalents. Free Will Astrology: Is the soul shaped like an iceberg or a hummingbirds eye? A lack of private sector job creation has affected Serbias GDP. Compared to Smallest State 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. 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. Alaska Key Facts. The presence of Chinese firms have long boosted Hong Kongs GDP, but the current unrest there makes the future of the economy uncertain. > GDP: $207.7 billion Copyright 2023 | Florida Chamber of Commerce | All Rights Reserved. - GDP higher than: 174 of 212 countries About half of the countrys exports are petroleum. 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. 2022 Florida US Senate. Arkansas, the state where Wal-Mart was founded, is heavily reliant on manufacturing. > Ind. For one, not every country reports COVID numbers the same way. One of the fastest . > Mich. population: 10.0 million (Argentina: 44.3 million) population: 6.7 million (Singapore: 5.6 million) In other words, Alaska is approximately 10.12 times larger than Florida. Tobacco is also an anchor of Sri Lankas economy, along with oil and tea. South Dakotas economic output is $45.4 billion, one of the lowest state GDP figures and roughly equivalent to that of Libya, a country on the northern coast of Africa. Though their economies are roughly the same size, Angola is home to nearly 30 million people, 10 times Mississippis population. The two also have similar population sizes 10.4 million in Georgia compared to 11.4 million in Belgium. Missouri counts on motor vehicles (particularly motorcycles), corn, and pork to steady their economy. > Country w/ similar GDP: Algeria ($199.2 billion) mi. - GDP higher than: 125 of 212 countries Compare your state to Alaska. New Yorks economy is so diverse that it equals the GDP of Russia, a country that is a major world power player in moving oil, gas, and metals. Due in part to its close proximity to Western Europe, Moroccos largest trading partners are Spain and France. Export figures and other country information came from the Observatory of Economic Complexity from MIT Media Labs and the BBC. Pennsylvania, particularly in its southwest counties, is a major producer of coal. California is similar in population to Iraq, Texas is comparable to Venezuela, and all of Chile could be contained within New York. Compared to the United States it is tiny. Florida has approximately 9.88% the land area of Alaska. Popular Political Data. As a result, the per capita GDP of Saudi Arabia is significantly smaller than Pennsylvanias. Bridgette Norris In some cases, small areas produce a bigger GDP than larger, as in the case of New Jersey: no. 1. Particularly interesting to note is the fact that California has 6 million fewer workers than France, yet produced a little . One key contributor to Georgias economy is a growing film industry. > Country w/ similar GDP: Morocco ($119.3 billion) > Country w/ similar GDP: Israel ($297.4 billion) 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. > Country w/ similar GDP: Ecuador ($87.4 billion) > Country w/ similar GDP: Russian Federation ($1.7 trillion) > GDP: $1.6 trillion > Ky. GDP per capita: $41,463 (New Zealand: $37,853). > Conn. population: 3.6 million (Portugal: 10.3 million) Californias $2.6 trillion economy is the largest of any state. > Va. GDP per capita: $54,730 (Nigeria: $2,412). 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. Indianas $321.1 billion economy is only slightly larger than Singapores $310.0 billion economy. You may also like: Best value public colleges in America, - 2018 state GDP: $569.5 billion Missouri - 2018 state GDP: $348.3 billion However, the mass presence of fossil fuels in the states economic process has drawn criticism from some circles. 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. Arizona also has a slightly smaller population, with 7.0 million residents compared to Israels 8.7 million. Maryland However, the Miami metro area is the state's most populous area, with a population of well over 6 million people. Angola is an oil-rich country, but much of that wealth is located in a contested region partially held by separatists. New Mexico Belgium has a well-developed, diversified economy with several major sectors including services, manufacturing, and technology. Germany, Europe's biggest economy, has a GDP roughly the same as 12 of the eastern states, at $3.35 trillion in 2015. > N.M. GDP per capita: $43,566 (Ecuador: $5,256). - 2018 state GDP: $368.9 billion Its GDP compares favourably to that of France, which produced $2.42 trillion during the same period. The 17 oil refineries in the state can process up to 3.3 million barrels of crude oil a day and account for about 20% of Americacn refining capacity. Washington apple producers are hoping for even more gains with the creation of the Cosmic Crisp apple. It posted a record-breaking 87.3 million visitors in 2011. Still, Tennessee and Singapore have similarly sized economies, at $315.1 billion and $310.0 billion, respectively. However, because Norway is home to about 1.6 million fewer people than Massachusetts, its GDP per capita is even higher, at $91,219. Idaho This analysis used COVID tracking data from the World Health Organization, Johns Hopkins University and the Centers for Disease Control and Prevention. Starting with the basics, the World Health Organization and Johns Hopkins University track COVID cases and deaths in about 238 nations. I t's easy to forget how large the United States is for one country, especially when you compare it to a continent like Europe that's made up of so many smaller countries. - GDP equal to: Serbia ($50.6 billion) plus Solomon Islands ($1.4 billion). Floridas $883.1 billion GDP is the fourth largest of all states and is relatively close to Netherlands GDP of $918.3 billion. Similarly, Texas is the top oil and natural gas-producing state in the U.S. - GDP higher than: 148 of 212 countries > Country w/ similar GDP: Chile ($271.9 billion) Indian Ocean. In other words, Alaska is approximately 10.12 times larger than Florida. All data used to create the index came from the Bureau of Labor Statistics and the U.S. Census Bureau. But the land itself is huge. In Ecuadors economy, wood products and seafood are bountiful. > Country w/ similar GDP: Nigeria ($460.5 billion) The population and gross domestic product figures came from the United Nations, the International Monetary Fun and the Central Intelligence Agencys World Fact Book.