A Comparison of Each US State's GDP To Other Countries
The American economy as a whole is one of the largest in the world. The value of the products that our country makes is so vast that one of the few ways to accurately compare how vast the economy is is to compare each state to an entire country with a similar GDP. The numbers, put together by economist Mark Perry, are simply breathtaking.
Consider just how large California's economy alone is.
America’s largest state economy is California, which produced $2.75 trillion of economic output in 2017, just slightly below the GDP of the United Kingdom last year of $2.62 trillion. Consider this: California has a labor force of 19.3 million compared to the labor force in the UK of 33.8 million (World Bank data here). Amazingly, it required a labor force 75% larger (and 14.5 million more people) in the UK to produce the same economic output last year as California! That’s a testament to the superior, world-class productivity of the American worker. Further, California as a separate country would have been the 5th largest economy in the world last year, ahead of the UK ($2.62 trillion), India ($2.61 trillion) and France ($2.58 trillion).
The second largest economy is Texas at $1.69 trillion, which is the 10th largest economy in the world. It was only slightly higher than Canada's total GDP of about $1.65 trillion. New York is third at $1.55 trillion, and is slightly bigger than all of South Korea's economic output of $1.54 trillion.
Here's the total breakdown of each US state:
Where does your state rank on this list?