GDP per capita: $42,276 (Lebanon: $7,103). - 2018 state GDP: $64.9 billion At home, environmental factors, new technology, and ever-changing laws cause the GDPs of some states to stagnate. Alabama > GDP: $184.7 billion > Mo. If Florida were a country, where would it rank in fighting COVID? Economic development, however, is hindered by political and social instability. Stacker believes in making the worlds data more accessible through Florida's most populous city is Jacksonville, with an estimated population of 949,611. Kentuckys population of 4.5 million is also closely aligned with New Zealands 4.8 million residents. Lets look at the U.S. versus the countries with the next dozen largest economies. Geographic location has been the key factor in Florida's long and colourful development, and it helps explain . Consequently, the landscape varies greatly . Belgium has a well-developed, diversified economy with several major sectors including services, manufacturing, and technology. It's as wide as the lower states and larger than Texas, California, and Montana combined. - 2018 state GDP: $527.1 billion Though Washington is one of the more productive states relative to its size with a nearly $65,000 GDP per capita, Norways per capita output of over $91,000 is greater. They often offer low investment fees, helping you maximize your profit. - 2018 state GDP: $675.9 billion - GDP higher than: 189 of 212 countries Like West Virginia, Oman is also resource rich. - GDP equal to: Sweden ($556.1 billion) plus Nicaragua ($13.1 billion). On this page. Answer (1 of 13): The US has a bigger economy, population and land area compared to Italy. > Wis. GDP per capita: $50,431 (Israel: $34,135). Oil has pumped billions into North Dakotas GDP numbers over the past decade. The monthly payments for the $200,000 mortgage includes . Alaska is the biggest state in the union. More workers in East Palestine at the site of the toxic train derailment are reporting intense headaches and nausea, prompting fears that the cleanup could constitute a new 'ground zero' health disaster. > Mich. population: 10.0 million (Argentina: 44.3 million) This makes it the least densely populated in the country. One of the wealthiest states in the country, Massachusetts has a GDP per capita of $71,456. Copyright 2023 | Florida Chamber of Commerce | All Rights Reserved. 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. New Zealands economy is driven largely by agriculture, tourism, and manufacturing. 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. 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. For more information visit The World Factbook. Florida is the most populous of the southeastern states and the second most populous Southern state after Texas. 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. Many states are as large as entire countries. - 2018 state GDP: $169.3 billion 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. 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. > Wash. GDP per capita: $64,937 (Norway: $91,219). > Nev. population: 3.0 million (Kuwait: 4.1 million) Texas West Virginia Though their economies are roughly the same size, Angola is home to nearly 30 million people, 10 times Mississippis population. > Ind. > Idaho population: 1.7 million (Uzbekistan: 32.4 million) - GDP higher than: 179 of 212 countries South Dakota has become a king in the soybean industry. GDP per capita: $37,930 (Morocco: $3,292). The population and gross domestic product figures came from the United Nations, the International Monetary Fun and the Central Intelligence Agencys World Fact Book. 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. Stevehacks.com provides more than 600 000 recipes from all countries over the world. In Algeria, oil, gas, and inorganic chemicals stabilize the economy. - GDP higher than: 135 of 212 countries California has the countrys highest GDP. > Country w/ similar GDP: Libya ($46.6 billion) Cotton and whisky are two notable industries in Tennessee. Maine Shows like The Walking Dead have made the Peach State home, helping boost its GDP past tiny Liechtenstein, and Poland, which has the sixth largest economy in the European Union. Information from the Florida Department of Health was also used. - GDP higher than: 164 of 212 countries Due in part to its close proximity to Western Europe, Moroccos largest trading partners are Spain and France. It is interesting to compare land area, total population and GDP. > Country w/ similar GDP: Romania ($216.3 billion) 4. Florida, constituent state of the United States of America. One key contributor to Georgias economy is a growing film industry. The second largest state economy in the country, the GDP of Texas rivals that of world superpower Russia. > GDP: $74.4 billion The countrys economy has struggled since leader Muammar Gaddafi was deposed in 2011, leading to a power vacuum that has caused the country to fracture politically. Compared to states like California and Montana, Texas is huge. Alaskas economy depends heavily on its energy sector. Universal health care in most countries has been achieved by a mixed model of funding. Yes, Idahos economy is boosted by potatoes, but just as important is milk. Arizona also has a slightly smaller population, with 7.0 million residents compared to Israels 8.7 million. > Utah population: 3.1 million (Hungary: 9.8 million) - 2018 state GDP: $56.1 billion - 2018 state GDP: $275.7 billion - GDP equal to: Argentina ($519.9 billion) plus North Macedonia ($12.7 billion). That increase is the equivalent of everyone in Largo plus half of Dunedin dying in about three months. Key Facts. It is the coal production that helps put Pennsylvania past Turkey in GDP, despite Turkeys solid production of textiles, iron, and steel. > Country w/ similar GDP: Algeria ($199.2 billion) GDP per capita: $66,776 (Cte dIvoire: $1,626). All data used to create the index came from the Bureau of Labor Statistics and the U.S. Census Bureau. > Del. - GDP equal to: Zimbabwe ($31billion) plus Central African Republic ($2.2 billion). slightly smaller than the US. Both economies are largely focused on manufacturing more than 40% of Polands exports are manufactured goods like cars and computers. > Ohio population: 11.7 million (Poland: 38.0 million) Factors like the European Union instability, Brexit, and protests in Hong Kong are hampering markets around the world. Meanwhile, Ecuadors economy depends heavily on petroleum exports and suffered in recent years from falling oil prices. A majority of Connecticuts GDP comes from private industries: manufacturing, wholesale trade, and real estate and rental leasing among the major contributors. Rhode Island has approximately 2.35% the land area of Florida. Egypts economy is hard to gauge due to political factors, but oils and textiles have traditionally buttressed the country. Kazakhstan, a country 15 times the size of Oklahoma by landmass and nearly five times as large by population, has a similarly sized economy. GDP per capita: $48,170 (Singapore: $55,236). Is Greenland really as big as all of Africa? - 2018 state GDP: $50.3 billion So far, this analysis shows that the United States is hardly the star pupil when it comes to keeping its residents safe from COVID, especially given the money and expertise the country has at its disposal. 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 Tuvalu, fishing and coconut meat are two notable parts of its small economy. 2020 Iowa Presidential Poll. You may also like: 50 ways the housing market has changed in the past 50 years, - 2018 state GDP: $371.7 billion It closely matches the GDP of Australia. > Calif. population: 39.5 million (India: 1.3 billion) More recent data out of the US suggests that gun ownership . > Country w/ similar GDP: Singapore ($310.0 billion) - GDP equal to: Cameroon ($38.7 billion) plus Sao Tome and Principe ($0.4 billion). Starting with the basics, the World Health Organization and Johns Hopkins University track COVID cases and deaths in about 238 nations. Rhode Islands $53.5 billion GDP is about the same as the GDP of Slovenia, a country with nearly twice as many people. General taxation revenue is the primary source of funding, but in many countries it is supplemented by specific charge (which may be charged to the individual or an employer) or with the option of private payments (by direct or optional insurance) for services beyond those covered by the public system. In fact, Florida is the 3rd most populous state in America. - State population (2019): 3.6 million - State population greater than: 86 of 216 countries. 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. There are a few guidelines and - 2018 state GDP: $239.8 billion - GDP higher than: 156 of 212 countries Delaware is often the butt of a joke as one of the smaller American states"The Simpsons"once mocked that one of their main industries is screen door factories. That puts Alabamas GDP above the total for Greece, which is slowly rebounding from high rates of unemployment, thanks to increased GDP from mining. Colorado The southeastern European countrys GDP is $216.3 billion, and Louisianas is $226.6 billion. An analysis like this has its limitations. But how do the countrys COVID numbers measure up to the rest of the world, and what might we learn from the comparison? At 65,758 square miles, Florida is a mid-sized state, ranking as the 22nd largest in the US. China and India have clearly made great leaps forward in both absolute and relative terms. 2022 Texas Gubernatorial. - 2018 state GDP: $364.1 billion A financial advisor can help you understand the advantages and disadvantages of investment properties. Median Income. - GDP higher than: 125 of 212 countries - GDP higher than: 141 of 212 countries > N.D. GDP per capita: $67,244 (Ghana: $1,756). Virginia has a massive $463.6 billion economy, in line with the total economic output of Nigeria, the most populous country in Africa. - GDP higher than: 178 of 212 countries We found that most states have a unique industry that inflates their GDP. Marylands $363.0 billion economy is only slightly smaller than Malaysias $364.6 billion economy. > Pa. GDP per capita: $54,725 (Saudi Arabia: $20,771). Resource extraction is also a pillar of Ghanas far less diversified economy. 2022 Florida US Senate. - GDP equal to: Greece ($218billion) plus Suriname ($3.6 billion). 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. Conversely, a relatively small amount of New Jerseys economic output comes from natural resources. And Japan, among other countries, has been much more accepting of wearing masks and social-distancing in public spaces. Iowa is in the rare situation of low unemployment and not enough wage growth. 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. In doing so, youre agreeing to the below guidelines. The countries on this list which span six continents are in varying stages of development. This analysis used COVID tracking data from the World Health Organization, Johns Hopkins University and the Centers for Disease Control and Prevention. Manufacturing, and finance and insurance are two pillars of Illinois GDP. - GDP equal to: Hungary ($157.9 billion) plus Benin ($10.4 billion). Florida is slightly bigger than the average state, as it ranks 22nd by area. 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. The nations GDP per capita is below $5,000. Israels top export is diamonds, worth over $10 billion in 2017. > Iowa population: 3.1 million (Qatar: 2.6 million) 24/7 Wall St. matched each state to the country with the most similar GDP. > Colo. population: 5.6 million (Singapore: 5.6 million) Connecticuts economy generated $238.9 billion in 2017, similar to the GDP of Portugal a country with nearly three times as many people and a landmass over six times the size of the state. More than half of Australias $243 billion in exports came from minerals and natural resources like iron, gold, coal, and petroleum. [4] > GDP: $70.6 billion - GDP equal to: Ecuador ($108.4 billion) plus Liechtenstein ($6.2 billion). Washington Suriname (163,820 km) Tunisia (163,610 km) Uruguay (181,034 km) Cambodia (181,035 km) Syria (185,180 km) Compared to Largest State. 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. A statement from Mark Wilson, Florida Chamber of Commerce President & CEO regarding Floridas affordable housing: Florida Chamber Foundation Predicts Another Positive Year of Population and Economic Growth in 2023, A statement from Mark Wilson, Florida Chamber of Commerce President & CEO Regarding Historic, Consumer-Focused Property Insurance Reforms Pass During Special Session, Floridas Childhood Poverty Numbers Trending in the Right Direction, 113 of 116 Florida Chamber-Backed Candidates Win General Elections, New Florida Chamber Statewide Poll Shows Governor Ron DeSantis Holding Commanding Lead over Charlie Crist, Moving the Needle on the Six Pillars Driving Floridas Economy, Florida 2030 Blueprint Goal Leader Interest Form, Florida Equality of Opportunity Initiative, Florida Business Alliance for Early Learning Project, Florida Diversity, Equity and Inclusion Project, Florida Chamber Litigation & Regulatory Reform Center, Florida Institute for Political Leadership, International Center for Economic Development. > N.M. GDP per capita: $43,566 (Ecuador: $5,256). Idaho - GDP equal to: Sweden ($556.1 billion) plus Tajikistan ($7.5 billion). 2022 California US Senate. A financial advisor can help you understand the advantages and disadvantages of investment properties. - 2018 state GDP: $257.3 billion Tourism, Florida's biggest industry, contributed $111.7 billion to the state's economy in 2016. As one of the worlds largest oil exporters, the Northern European country, home to about half as many people as North Carolina, has a GDP per capita of more than $91,000, nearly double the per capita economic output of North Carolina. Vermont Croatia creates fabricated metals and machine tools, while Guyana has seen a boost in gold production, which has compensated for declining sugar production. In particular, ranchers and farmers are continuing to thrive in Colorado. Barring congressional changes, money will deplete by 2034, Young runners outpace the Gasparilla Distance Classic 8K field, Bucs raise ticket prices by 7.5 percent on new season-pass members, Groups gather in St. Petersburg park to shed light on local violence, Science magazine recently called Israels rising death, nations most closely watched forecasting model, Robert Kennedys killer should not go free. - GDP higher than: 196 of 212 countries Florida overtook Indonesia and Mexicos economies during the past year. > Fla. GDP per capita: $42,085 (Netherlands: $53,598). > Country w/ similar GDP: Israel ($297.4 billion) Sierra Leone is almost exclusively reliant on mining. Azerbaijans economy benefits from its oil reserves, but economic growth has been stifled in recent years by corruption. population: 1.1 million (Lebanon: 6.1 million) Montana, home to just over 1 million people, has a $44.4 billion economy similar in size to the economy of Lebanon, a country of over 6 million people. > Country w/ similar GDP: Kazakhstan ($196.0 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. - 2018 state GDP: $124billion Australia is the planet's sixth largest country after Russia, Canada, China, the USA, and Brazil. 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. Florida is an outlier on this list in that its GDP per capita of $42,085 falls below the GDP per capita of the country with most similarly sized economy $53,598 in the Netherlands. Arkansass GDP tops Moroccos, even though the country boasts a diverse economy made up from lively agriculture, aerospace, and phosphates industries. Kentucky has a diverse economy, notable for whiskies, horse breeding, and a relatively new industry of antisera. > Idaho GDP per capita: $39,032 (Uzbekistan: $2,031). - GDP equal to: Hong Kong SAR, China ($362.7 billion) plus Solomon Islands ($1.4 billion). Though they have similar GDPs, Texas has a GDP per capita roughly five times that of Russia. North Dakota > Alaska GDP per capita: $70,683 (Guatemala: $3,124). Though Saudi Arabia and Pennsylvania have similarly sized economies, the Middle Eastern country has a larger population by over 20 million. New York Here's British Columbia, outlined by yours truly. > Ark. With the delta variant spreading, its a good time to make some COVID comparisons. Today, it is one of the most open and developed economies in the world. You may also like: Best community college in every state, - 2018 state GDP: $52billion > La. Pennsylvania - GDP equal to: Qatar ($191.4 billion) plus Guinea ($10.9 billion). In 2007, India's $800 billion economy was on par with Florida. . While much of that money went to hotels and recreation, other sectors of the Florida economy get a . 2020 South Carolina Presidential Poll. People arent just getting the virus, they are dying from it. Florida is considered a favorite travel destination in the United States and of the world. Rhode Island The U.S. is still ahead in a race no one wants to win. Moroccos top exports include fertilizers, insulated wires, and cars. > GDP: $510.8 billion GDP per capita: $66,419 (Croatia: $15,322). Other parts of the US compare somewhat in size with the rest of the territories in the UK. 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. 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. Andrei Vasilevskiy, Lightning shut down Red Wings, FSU rallies from 25 points down, stuns No. > Country w/ similar GDP: Oman ($74.8 billion) Californias massive economy is bolstered by its nearly 40 million residents and a diverse range of industries, from agriculture to technology. Algerias economy depends on petroleum, but with oil prices much lower than they were five years ago, the nations exports were nearly cut in half from 2012 to 2017. - GDP higher than: 174 of 212 countries 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: $458.8 billion Floridas economy grows to 15th largest in the world, up from 17th. The largest exporter of cocoa beans in the world, Ivory Coast has a relatively well-developed economy and is wealthier than most countries in the region. 46. Californias $2.6 trillion economy is the largest of any state. > Country w/ similar GDP: Slovenia ($53.0 billion) At 268,597 square miles, Texas has about 171,902,808 acres of land. Minnesota is one of the larger states by landmass, while Singapore is a small island city-state less than one-three-hundredth the states size. > Country w/ similar GDP: Uzbekistan ($65.8 billion) While it may be temporary as other world economies are continuing to rebound from the global pandemic, Florida has moved up two slots from 17th to 15th largest global economy if Florida were a country. Bridgette Norris on But China is now more than twice as big as the two largest U.S. states together. - 2018 state GDP: $3trillion An important observation: Israel has a high vaccination rate and enjoys a robust health care system accessible to most residents. North Carolina has long been considered by many the furniture capital of the world. In line with always being known for its apples, Washington is creating new super apples to keep the market strong. Tourism is a major draw in and around the Channel Islands. Brit. Thats enough for now to hold off Israel, a country that continues to have a rapidly growing economy, thanks to a bustling tech industry. Lets choose wisely. Surprisingly, this state tops Middle East power Saudi Arabia in GDP, and Guatemala, whose top exports include fruit, nuts, and sugar. New Zealands top exports are more basicdairy, meat, and woodand Curacao banks on factors like tourism and offshore finance. > Mich. GDP per capita: $46,055 (Argentina: $10,397). New Hampshire is another state where civilian aircraft, engines, and parts are prime exports. A former Soviet republic, Kazakhstans economy is heavily dependent on agriculture and extraction of oil and minerals, including copper and zinc. > GDP: $590.7 billion - GDP equal to: Hungary ($157.9 billion) plus Chad ($11.3 billion). Of all the nations in the world, Colorados $323.3 billion economy most closely matches that of Singapore. republish under a Creative Commons License, and we encourage you to Indiana, however, is also many times the size of Singapore and home to over a million more people. Finding a qualified financial advisor doesnt have to be hard. Florida has approximately 9.88% the land area of Alaska. > Country w/ similar GDP: Ecuador ($87.4 billion) Myanmar has been racked by political instability and atrocities in recent years. Since there are, give-or-take, roughly 200 countries in the world, that means that most of them are in fact smaller than Texas. Today, Norway is the seventh largest oil exporter in the world. Among the specialized products South Carolina creates are gear boxes for motor vehicles. > Country w/ similar GDP: Norway ($481.8 billion) The United States has struggled to contain COVID-19, despite a comparatively well-financed health care system and early access to the vaccine. > Miss. The Solomon Islands economy relies on agriculture, fishing, and forestry remain constants in. - GDP higher than: 141 of 212 countries > GDP: $490.2 billion What about over the last month, ending Wednesday? In other words, Florida is approximately 42.56 times larger than Rhode Island. Angola is an oil-rich country, but much of that wealth is located in a contested region partially held by separatists. Tech jobs have made Massachusetts a state with a healthy GDP, and the Bay State sends goods to India, China, and Singapore with regularity. > Ky. GDP per capita: $41,463 (New Zealand: $37,853). 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. - 2018 state GDP: $366.8 billion 2020 New Hampshire Presidential Poll. 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. > GDP: $315.1 billion Colorado is projected to have slower growth in its economy, but low unemployment rates have brightened its financial forecast. For reference, Iowas GDP per capita is just $53,798. - GDP equal to: Morocco ($117.9 billion) plus Guam ($5.9 billion). New Jersey, on the other hand, is the 46th smallest state by land size, but it also ranks 11th by population. A lack of private sector job creation has affected Serbias GDP. > GDP: $199.3 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. Minnesota Per capita GDP by country was calculated by the World Bank and is current as of 2017. Its GDP compares favourably to that of France, which produced $2.42 trillion during the same period. Tobacco is also an anchor of Sri Lanka's economy, along with oil and tea. Despite a larger population, Hungary and Kansas have similarly sized economies, at $153.1 billion and $148.5 billion, respectively. > Maine GDP per capita: $41,619 (Azerbaijan: $5,805). It's so vast that you'd need well over a month to properly explore it all. 3 of 44 4 of 44. 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.