How does your state match up against the world?

[Drake Tungsten]

Interesting link to a list showing where individual US states rank in world GDP.

If the American states were independent countries, California (8), New York (16), Texas (17), and Florida (19), would all rank in the Top 20 according to Gross Domestic Product.

Georgia, the American state, is 21 times larger than Georgia, the country that was formerly part of the Soviet Union ($320B vs. $15B).

South Dakotafs GDP is larger than Cubafs ($26.5B vs. $25.9B) even though Cuba has 14 times as many people (770,000 vs. 11.3M).

Nebraskafs GDP is 60% larger than Libyafs ($65.7B vs. $41B) even though Libya has more than 3 times as many people (1.7M vs. 5.7M)

Indiana and Sweden have roughly the same GDP, but Sweden has almost 50% more people (6.2M vs. 9M).

http://www.clubforgrowth.org/blog/archives/021255.php

Take that, Libya!!!

[Jaguar]

Maryland is solidly ahead of Norway.

[Sprayber]

So an Arkansan can now say

"Thank God for Mississippi and Sri Lanki"

[Drake Tungsten]

Maryland is solidly ahead of Norway.

Seriously?



So much for Scandinavian affluence...

edit: In Norway's defense...

Population of Maryland - 5.3 million

Population of Norway - 4.6 million

So...

Per Capita Income Maryland - $40,084

Per Capita Income Norway - $31,087

Norway still gets pwned, but not as badly as I had thought.

[Shi Huangdi]

Go MD!

[Verto]

Texas pwnz j00!

[DinoDoc]

Mississippi pwnz Nebraska.

[Shi Huangdi]

For a further comparison of the USA vs. Europe

http://www.opinionjournal.com/editorial/feature.html?id=110005242

Europe vs. America
Germany edges out Arkansas in per capita GDP.

Sunday, June 20, 2004 12:01 a.m. EDT

The growing split between the U.S. and Europe has been much in the news, mostly on foreign policy. But less well understood is the gap in economic growth and standards of living. Now comes a European report that puts the American advantage in surprisingly stark relief.

The study, "The EU vs. USA," was done by a pair of economists--Fredrik Bergstrom and Robert Gidehag--for the Swedish think tank Timbro. It found that if Europe were part of the U.S., only tiny Luxembourg could rival the richest of the 50 American states in gross domestic product per capita. Most European countries would rank below the U.S. average, as the chart below shows.

The authors admit that man doesn't live by GDP alone, and that this measure misses output in the "black" economy, which is significant in Europe's high-tax states. GDP also overlooks "the value of leisure or a good environment" or the way prosperity is spread across a society.

But a rising tide still lifts all boats, and U.S. GDP per capita was a whopping 32% higher than the EU average in 2000, and the gap hasn't closed since. It is so wide that if the U.S. economy had frozen in place at 2000 levels while Europe grew, the Continent would still require years to catch up. Ireland, which has lower tax burdens and fewer regulations than the rest of the EU, would be the first but only by 2005. Switzerland, not a member of the EU, and Britain would get there by 2010. But Germany and Spain would need until 2015, while Italy, Sweden and Portugal would have to wait until 2022.

Higher GDP per capita allows the average American to spend about $9,700 more on consumption every year than the average European. So Yanks have by far more cars, TVs, computers and other modern goods. "Most Americans have a standard of living which the majority of Europeans will never come anywhere near," the Swedish study says.

But what about equality? Well, the percentage of Americans living below the poverty line has dropped to 12% from 22% since 1959. In 1999, 25% of American households were considered "low income," meaning they had an annual income of less than $25,000. If Sweden--the very model of a modern welfare state--were judged by the same standard, about 40% of its households would be considered low-income.

In other words poverty is relative, and in the U.S. a large 45.9% of the "poor" own their homes, 72.8% have a car and almost 77% have air conditioning, which remains a luxury in most of Western Europe. The average living space for poor American households is 1,200 square feet. In Europe, the average space for all households, not just the poor, is 1,000 square feet.

So what is Europe's problem? "The expansion of the public sector into overripe welfare states in large parts of Europe is and remains the best guess as to why our continent cannot measure up to our neighbor in the west," the authors write. In 1999, average EU tax revenues were more than 40% of GDP, and in some countries above 50%, compared with less than 30% for most of the U.S.

We don't report this with any nationalist glee. The world needs a prosperous, growing Europe, and its relative economic decline is one reason for growing EU-American tension. A poorer Europe lacks the wealth to invest in defense, a fact that in turn affects the willingness of Europeans to join America in confronting global security threats. But at least all of this is a warning to U.S. politicians who want this country to go down the same welfare-state road to decline.

[JohnT]

Greece, TN is right behind you and gaining fast!

[Shi Huangdi]

Originally posted by Verto
Texas pwnz j00!

Texas with it's population of 22,118,509 has a GDP per captia of $36,644, making it solidly PWNed by Maryland. You're still better then those white trash Norwegians though.

[Drake Tungsten]

Originally posted by DinoDoc
Mississippi pwnz Nebraska.

Per Capita Income Mississippi - $25,819

Per Capita Income Nebraska - $38,701

[Verto]

Originally posted by Shi Huangdi


Texas with it's population of 22,118,509 has a GDP per captia of $36,644, making it solidly PWNed by Maryland. You're still better then those white trash Norwegians though.

At the same time, Maryland has not been overwhelmed by illegal immigration.

[Pekka]

Of course this is a valid comparison. I feel I don't have to explain to all of you economic experts why this is ingenious.

HOWEVER it doesn't change the fact that it's still interesting to see the stats.

Let's take them states and make them their own countries and seperate them. Give visas for people to enter another state, different language, currency (Hey EU just started really) etc etc.

Or should we compare our provinces with your states and see if we can find few rich provinces that topples your states? THAT would be the same comparison.

DAMN I'm on fire tonight! Owning people left and right..

[Dis]

88
Nevada 87,727,000,000

go Nevada!

[Drake Tungsten]

Of course this is a valid comparison. I feel I don't have to explain to all of you economic experts why this is ingenious.

No need to be angry just because you're poor. It's not our fault.