Consider this: California has a labor force of 19.6 million compared to the labor force in the UK of 34 million (. since. If California were a sovereign nation (2019), it would rank as the world's fifth largest economy, ahead of India and behind Germany. For example: Overall, the US produced 24.3% of world GDP in 2017, with only about 4.3% of the world’s population. State and country data. Now is the perfect time for it to step in. Data and Tools: Data for state level GDP is obtained from Wikipedia for the year 2017. More evidence of the world-class productivity of American workers. A leading-edge research firm focused on digital transformation. There are two main systems of common currency conversion: nominal and PPP. Please, enable JavaScript and reload the page to enjoy our modern features. The economy of California is the largest in the United States, boasting a $3.2 trillion gross state product as of 2019. Like in past years, for each US state (and the District of Columbia), I’ve identified the country closest in economic size in 2018 (measured by nominal GDP) and those matching countries are displayed in the map above and in the table below. A look into the tech transformations underway at the world's largest companies. California's $2.8 trillion GDP is just shy of France's $2.9 trillion economy, while the $321 billion economy of Wisconsin is slightly larger than Israel's $317 billion GDP. 14 Spain ($1.43 trillion). These two approaches to GDP estimation have separate strengths and are generally used for different reasons. Using data from the Bureau of Economic Analysis and the CIA World Factbook, we found the country with the closest-sized economy to each state. Account active Countries and US states by Nominal GDP. The map above (click to enlarge) matches the economic output (Gross Domestic Product) for each US state (and the District of Columbia) in 2018 to a foreign country with a comparable nominal GDP last year, using data from the BEA for GDP by US state (average of Q2 and Q3 state GDP, since Q4 data aren’t yet available) and data for GDP by country from the International Monetary Fund. To paraphrase Truman, California “must take immediate and resolute action”. Many of the states of the United States have large gross domestic product (called gross state product) which would rank highly on a list of countries world GDP.. Here's each state's GDP, along with the closest country and that nation's GDP: Business Insider/Andy Kiersz, data from Bureau of Economic Analysis and CIA World Factbook. California's $2.8 trillion GDP is just shy of France's $2.9 trillion economy, while the $321 billion economy of Wisconsin is slightly larger than Israel's $317 billion GDP. The U.S. Bureau of Economic Analysis reported last month that California’s GDP was $2.5 trillion in 2015, up 4.1 percent from a year earlier. Please do not edit the piece, ensure that you attribute the author and mention that this article was originally published on FEE.org. Four of America’s states (California, Texas, New York and Florida) produced more than $1 trillion in output and as separate countries would have ranked in the world’s top 16 largest economies last year. GDP in Texas was slightly higher than Canada’s GDP last year of $1.73 trillion.
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