Many know that the U.S. is still a global superpower and leader of Gross Domestic Product (GDP) annually. However, it can be hard to truly comprehend just how big the U.S. economy is compared with the rest of the world. A recent graphic published by the GZero organization visually shows us how America’s GDP compares to that of other countries, broken down state by state.
Looking at the map, you’ll notice that North Dakota, one of the smallest states in the U.S. in terms of economic activity (total population: 762,000, roughly the same as Denver, CO), has a state GDP the size of the nation of Latvia. Nearby Minnesota’s economy equals all of Ireland’s, and Wisconsin’s equals Israel’s. The Texas economy, all by itself, is as large as Canada’s. California’s economic activity amounts to roughly the same as the United Kingdom’s—the fifth largest economy in the world. Even little Rhode Island has a country-sized GDP, about the size of Senegal’s.
In total, the United States makes up 24.42% of the world’s aggregate economic activity, rivaled only by China (16.34%), with number three, Japan (5.79%), a distant third. Anybody who worries that the U.S. is falling behind the rest of the world might find this chart temporarily reassuring. Although the U.S. cycles through growth and contractionary years, in whole, America remains strong.
The opinions expressed above are solely those of Kondo Wealth Advisors, Inc., (626-449-7783 info@kondowealthadvisors.com) a Registered Investment Advisor in the state of California. Neither Kondo Wealth Advisors, Inc. nor its representatives provide legal, tax or accounting advice.
Source:
https://www.gzeromedia.com/the-graphic-truth-the-50-countries-worth-of-america
Bob Veres Media, Insider Information