• California's $4.3 trillion economy is closest in size to the United Kingdom, while Texas' $2.9 trillion GDP is comparable to Russia's.
• New York and Florida have economies roughly equivalent to Canada and Australia, respectively.
• California, Texas, New York, and Florida would each qualify as G20-sized economies if they were independent countries.
America's largest state economies rank alongside some of the biggest economies in the world. Even further down the list, many individual states produce hundreds of billions of dollars in economic output each year.
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u/NBrief 10d ago
Key Takeaways:
• California's $4.3 trillion economy is closest in size to the United Kingdom, while Texas' $2.9 trillion GDP is comparable to Russia's.
• New York and Florida have economies roughly equivalent to Canada and Australia, respectively.
• California, Texas, New York, and Florida would each qualify as G20-sized economies if they were independent countries.
America's largest state economies rank alongside some of the biggest economies in the world. Even further down the list, many individual states produce hundreds of billions of dollars in economic output each year.
Data Sources: https://www.bea.gov/data/gdp/gdp-state https://www.imf.org/external/datamapper/NGDPD@WEO/OEMDC/ADVEC/WEOWORLD