China and India have clearly made great leaps forward in both absolute and relative terms. 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. - 2018 state GDP: $348.3 billion Size of Florida compared to United States - MyLifeElsewhere But it's . Florida is about 70 times smaller than United States. > GDP: $321.1 billion How Does the U.S. Economy Compare to the World's? 24/7 Wall St. identified the country with the GDP that most closely matches the size of the economy of each state. Bermuda is heavily dependent on tourism for its GDP. Alaska, which is the largest state, has among the lowest state populations in the country. - 2018 state GDP: $50.3 billion In doing so, youre agreeing to the below guidelines. It is the coal production that helps put Pennsylvania past Turkey in GDP, despite Turkeys solid production of textiles, iron, and steel. Alabama > Del. On this page. However, to produce about the same amount . Florida Economy: 13 Facts - Markets Insider The sixth largest producer of crude oil and fourth largest producer of natural gas, Oklahomas $190.9 billion economy is heavily dependent on energy production. > Country w/ similar GDP: Norway ($481.8 billion) Four of America's states (California, Texas, New York and Florida . In Somalia, livestock and telecommunications provide some economic help. Australias GDP per capita of $55,926 is lower than New Yorks GDP per capita but is very close to the U.S. GDP per capita of $55,418. Missouris $275.6 billion GDP most closely matches that of Chile, though the South American country has nearly three times the population of the Show Me State. Indianas $321.1 billion economy is only slightly larger than Singapores $310.0 billion economy. 3. By clicking Accept, you consent to the use of cookies. > GDP: $322.4 billion - GDP equal to: Costa Rica ($60.1 billion) plus Tonga ($0.5 billion). Overall, the US produced 24.3% of world GDP in 2017, with only about 4.3% of the world's population. Conversely, a relatively small amount of New Jerseys economic output comes from natural resources. 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. Kazakhstan is geographically large about the size of Western Europe and resource rich. > Country w/ similar GDP: Kazakhstan ($196.0 billion) The southeastern European countrys GDP is $216.3 billion, and Louisianas is $226.6 billion. The most recent OECD study -- from 2014 using 2011 data -- shows that the United States . You may also like: Best commute in every state, - 2018 state GDP: $100.3 billion > GDP: $79.5 billion Arkansas, the state where Wal-Mart was founded, is heavily reliant on manufacturing. - 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. Like many other company websites, our website collects cookies to deliver the best user experience to you. Texas Compared to Europe (Size, Money, Food) - 2023 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. > Texas GDP per capita: $57,077 (Russian Federation: $11,441). While confronted with climate change questions, oil and gas remain a driving force of the economy in Texas. population: 869,666 (Libya: 6.4 million) > Idaho GDP per capita: $39,032 (Uzbekistan: $2,031). 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. In some cases, small areas produce a bigger GDP than larger, as in the case of New Jersey: no. > Iowa GDP per capita: $53,798 (Qatar: $65,694). distribution partner, email us at When it comes to real estate, however, consumers should be wary of relying too heavily on estimates from websites like Zillow. Three Cs: Cigarettes, coal, and copper are crucial to Montanas economic stability. > GDP: $463.6 billion > GDP: $363.0 billion To that end, most Stacker stories are freely available to GDP per capita: $66,419 (Croatia: $15,322). In Florida, the population grew by a net of nearly 2.7 million people between 2010 and 2020 from new residents moving in alone, the most of any state in the country. Vermont Arizona is far larger than our Middle Eastern ally, however, at 113,990 square miles compared to Israels 8,355 square miles. 2022 California US Senate. In other words, Alaska is approximately 10.12 times larger than Florida. How Big is Florida? - worldpopulationreview.com Most of us rely on our smartphones, tablets, and computers when making daily decisions, whether checking Yelp for restaurant reviews or comparing prices on a new big-screen TV. - GDP higher than: 192 of 212 countries The Florida Chamber of Commerce Stands in Support of Floridas Game-Changing Lawsuit Abuse Reform Package HB 837, New Florida Chamber Statewide Poll Shows Local Businesses and Free Enterprise Supported by Voters, Florida Chamber of Commerce Unveils 2023 Legislative Agenda Where We Stand Outlines Competitive Priorities, Chief Economist Corner: The Coming Global Economic Slowdown and Its Impact on Florida. - GDP higher than: 152 of 212 countries 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). New Jersey, on the other hand, is the 46th smallest state by land size, but it also ranks 11th by population. The country did have a high proportion of aging people compared to working-age folks in its borders around June 2020, according to the Population Reference Bureau, which may explain a brief period of negative population growth in . Colorado GDP per capita: $48,377 (Romania: $11,045). People arent just getting the virus, they are dying from it. - GDP higher than: 168 of 212 countries States Ranked by Size & Population - ipl: Information You Can Trust A great tool for educators. However, because Norway is home to about 1.6 million fewer people than Massachusetts, its GDP per capita is even higher, at $91,219. > Country w/ similar GDP: Hungary ($153.1 billion) - GDP higher than: 177 of 212 countries If youre ready to find an advisor who can help you achieve your financial goals, get started now. 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. You may also like: 50 ways the housing market has changed in the past 50 years, - 2018 state GDP: $371.7 billion Pennsylvania Image: World Bank/Bureau of Economic Analysis. At home, environmental factors, new technology, and ever-changing laws cause the GDPs of some states to stagnate. 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 . Tobacco is also an anchor of Sri Lanka's economy, along with oil and tea. A bustling medical industry and retail giants like Target are the backbone of Minnesotas GDP. Thats enough for now to hold off Israel, a country that continues to have a rapidly growing economy, thanks to a bustling tech industry. North Dakotas economy is roughly the size of the entire African nation of Ghana. 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. - GDP higher than: 195 of 212 countries - GDP higher than: 153 of 212 countries 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. 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. Putting America's Enormous $19.4T Economy into Perspective by - AEI If your organization is interested in becoming a Stacker > Ala. population: 4.9 million (Kazakhstan: 18.0 million) Export figures and other country information came from the Observatory of Economic Complexity from MIT Media Labs and the BBC. A former Soviet republic, Kazakhstans economy is heavily dependent on agriculture and extraction of oil and minerals, including copper and zinc. > La. - 2018 state GDP: $77.1 billion Home to 31.6 million people, the Southeast Asian nation of Malaysia is over five times more populous than Maryland, a state with 6.1 million people. 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. your CMS. > Ore. GDP per capita: $50,138 (Iraq: $5,450). $ 29,758. on Arkansas economy generated $114.0 billion in 2017, roughly in line with the GDP of Morocco, a North African nation with a population nearly 12 times that of Arkansas. Slovenia still has one of the highest per capita GDPs in central Europe, while American Samoa has seen slight economic growth thanks to fixed private investment and export of goods. Information from the Florida Department of Health was also used. A relatively high 18.5% of Florida's area is covered by water. > Wash. population: 7.4 million (Norway: 5.3 million) Wheat, once a strength of Oregons economy, has fallen on hard times. As you can see, BC is larger than the UK (243,600 km) and Ireland (84,420 km). The state of Florida is larger than a surprising number of countries 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. Georgias $510.8 billion GDP is close to Belgiums $524.0 billion GDP. Though Nebraska has a much smaller population than the Slovak Republic, its landmass is more than four times that of the European nation. Norway recently developed into a major exporter of petroleum after discovering offshore reserves. 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. > N.J. population: 9.0 million (Iran, Islamic Rep.: 81.2 million) Professional, scientific, and technical services boost Marylands GDP, but liquified natural gas is a new economic stimulator. West Virginia Florida | Map, Population, History, & Facts | Britannica Kazakhstan, a country 15 times the size of Oklahoma by landmass and nearly five times as large by population, has a similarly sized economy. > Ind. We have a choice in this fight. - GDP higher than: 169 of 212 countries 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. ; Connecticut covers about 14,357 km 2 which makes it the third smallest state, of which 12,559 km 2 . Map Compares US States To Countries by Population - Matador Network Tennessee is 154 times larger than the island nation of Singapore and is home to 1.1 million more people. In other words, the United States is 14 times larger than Texas. Tech jobs have made Massachusetts a state with a healthy GDP, and the Bay State sends goods to India, China, and Singapore with regularity. Casinos obviouslyboost Nevadas GDP profile, but real estate is also a solid contributor.