When I look at the
economies, living conditions and histories of different countries I look for
signs of economic performance, improvement and potential. I look at the nominal GDP, per capita GDP,
population, labor force, land mass, production and trading partners and
government debt, revenue and spending.
Gross domestic
product is the best way to measure a country's economy. GDP is the total value of everything produced by all
the people and companies in the state or country.
Gross domestic product
(GDP) is the monetary value of all the finished goods and services produced
within a country's borders in a specific time period. Though GDP is usually
calculated on an annual basis, it can be calculated on a quarterly basis as well (in the United States, for
example, the government releases an annualized GDP estimate for each quarter
and also for an entire year).GDP includes all private and public consumption, government outlays, investments, private inventories, paid-in construction costs and the foreign balance of trade (exports are added, imports are subtracted). Put simply, GDP is a broad measurement of a nation’s overall economic activity – the godfather of the indicator world.
I am stuck by how many
countries are poorer and weaker than our own States in the US. I attribute a
lot of this to the lack of private property rights and misplaced priorities,
but I also realize that some countries are mostly sand dunes and rocks and lack
agricultural land put to productive use and this is unfortunate for the poor.
The States in the US
are traditional competitors and I think this helps. I wanted to summarize economic strength and
potential in our States and listed some numbers below. I listed State GDP$,
population and land area.
The States in the US
with the most potential for economic growth are the Western States with large
federal land areas that have not been put to productive use and are kept from
private ownership. The oil producing States are also high potential.
Most of our States in
the US have higher GDPs than most countries and the countries have larger land
areas. The governments of these countries need to start putting their citizens
first.
There are 16 countries
with GDPs of $1 trillion or more and another 25 countries with GDPs of $300
billion to $900 billion. The next 22 countries have GDPs between $100 billion
and $200 billion. The next 50 countries have GDPs between $20 billion and $100
billion. The next 83 countries have GDPs below $20 billion.
In the US, 3 States
have GDPs over $1 trillion. 8 States have GDPs of $500 billion to $1 trillion.
10 States have GDPs from $300 billion to $500 billion. 17 States and
territories have GDPs from $100 billion to $300 billion. 18 States and
territories have GDPs under $100 billion.
All foreign countries
have large populations in poverty, even China. The GDP reflects how well the
20% highest paid are doing in these countries.
Most foreign countries restrict private property ownership by their
citizens and most foreign governments cater to corporations and export markets.
Corruption in foreign
governments and the population can be identified by how large their criminal
enterprises are and how little control their citizens have to feed and shelter
themselves.
2017 GDP by Country
US $19.4 trillion
China $12 trillion
Japan $5 trillion
Germany $3.7 trillion
UK $2.6 trillion
India $2.6 trillion
France $2.6 trillion
Brazil $2.1 trillion
Italy $1.9 trillion
Canada $1.7 trillion
South Korea $1.5
trillion
Russia $1.5 trillion
Australia $1.4
trillion
Spain $1.3 trillion
Mexico $1.2 trillion
Indonesia $1 trillion
Turkey $849 billion
Netherlands $826
billion
Saudi Arabia $684
billion
Switzerland $679
billion
Argentina $638 billion
Taiwan $579 billion
Sweden $539 billion
Poland $525 billion
Belgium $495 billion
Thailand $455 billion
Iran $432 billion
Austria $417 billion
Norway $396 billion
UAE $377 billion
Nigeria $376 billion
Israel $351 billion
South Africa $349
billion
Hong Kong $342 billion
Ireland $334 billion
Denmark $325 billion
Singapore $324 billion
Malaysia $315 billion
Philippines $313
billion
Colombia $309 billion
Pakistan $304 billion
Chile $ 277 billion
Bangladesh $261
billion
Finland $253 billion
Egypt $237 billion
Vietnam $220 billion
Portugal $ 218 billion
Peru $215 billion
Czech Republic $213
billion
Romania $211 billion
Venezuela $210 billion
New Zealand $201
billion
Greece $201 billion
Iraq $198 billion
Algeria $178 billion
Qatar $166 billion
Kazakhstan $161
billion
Hungary $152 billion
Angola $124 billion
Kuwait $ 120 billion
Morocco $110 billion
Ukraine $109 billion
Ecuador $102 billion
Slovakia $96 billion
Sri Lanka $88 billion
Ethiopia $ 81 billion
Kenya $80 billion
Syria $77 billion
Guatemala $76 billion
Dominican Republic $75
billion
Oman $74 billion
Myanmar $67 billion
Luxembourg $ 62
billion
Uruguay $58 billion
Panama $ 62 billion
Costa Rica $58 billion
Sudan $58 billion
Bulgaria $57 billion
Croatia $52 billion
Belarus $54 billion
Tanzania $52 billion
Lebanon $52 billion
Macau $50 billion
Slovenia $49 billion
Uzbekistan $48 billion
Lithuania $47 billion
Ghana $47 billion
Serbia $41 billion
Congo $41 billion
Azerbaijan $41 billion
Jordan $41 billion
Ivory Coast $40
billion
Tunisia $40 billion
Turkmenistan $37
billion
Bolivia $37 billion
Bahrain $35 billion
Cameroon $34 billion
Libya $31 billion
Latvia $30 billion
Paraguay $30 billion
El Salvador $26
billion
Uganda $26 billion
Estonia $26 billion
Zambia $26 billion
Nepal $24 billion
Iceland $24 billion
Papua New Guinea $24
billion
Honduras $23 billion
Cambodia $22 billion
Cyprus $21 billion
Afghanistan $21
billion
Trinidad Tobago $20
billion
The GDP of most States
in the US is higher than many countries.
2017 US GDP $19.4
trillion, population 326M
California $2.6
trillion, pop 39.8M, land 163,696sm
Texas $1.6 trillion,
pop 28.7M, land 268,581sm
New York $1.5
trillion, pop 19.8M, land 54,556sm
Florida $926 billion,
pop 21.3M, land 65,755sm
Illinois $796 billion,
pop 12.8M, land 57,914sm
Pennsylvania $720
billion, pop 12.8M, land 46,055sm
Ohio $627 billion, pop
11.7M, land 44,825sm
New Jersey $575
billion, pop 9M, land 8,721sm
Georgia $531 billion,
pop 10.5M, land 59,425sm
North Carolina $522
billion, pop 10.4M, land 53,819sm
Massachusetts $506
billion, pop 6.9M, land 10,555sm
Virginia $493 billion,
pop 8.5M, pop 8.5M, land 42,774sm
Michigan $490 billion,
pop 7.5M, land 96,716sm
Washington $477
billion, pop 7.5M, land 71,300sm
Maryland $392 billion,
pop 6.1M, land 12,407sm
Indiana $347 billion,
pop 6.7M, land 36,418sm
Minnesota $339
billion, pop 5.6M, land 86,939sm
Tennessee $332 billion,
pop 6.8M, land 42,143sm
Colorado $323 billion,
pop 5.7M, land 104,094sm
Wisconsin $313
billion, pop 5.8M, land 65,498sm
Arizona $306 billion,
pop 7.1M, land 113,998sm
Missouri $299 billion,
pop 6.1M, land 69,704sm
Connecticut $260
billion, pop 3.6M, land 5,543sm
Louisiana $237
billion, pop 4.7M, land 51,840sm
Oregon $229 billion,
pop 4.2, land 98,381sm
South Carolina $210
billion, 5.1M, land 32,020sm
Alabama $206 billion,
pop 4.9M, land 52,419sm
Kentucky $197 billion,
pop 4.5M, land 40,409sm
Iowa $185 billion, pop
3.2M, land 56,272sm
Oklahoma $181 billion,
3.9M, land 69,898sm
Utah $158 billion, pop
3.2M, land 84,899sm
Kansas $151 billion,
pop 2.9M, land 82,277sm
Nevada $146 billion,
pop 3.1M, land 110,561sm
DC $126 billion, pop
704K, Land 68.34sm
Arkansas $121 billion,
pop 3M, land 53,179sm
Nebraska $117 billion,
pop 1.9M, land 77,364sm
Mississippi $108
billion, pop 3M, land 48,430sm
Puerto Rico $103
billion, pop 3.7M, land 3,515sm
New Mexico $94
billion, pop 2.1M, land 121,589sm
Hawaii $85 billion,
pop 1.4M, land 10,931sm
New Hampshire $77
billion, 1.4M, land 9,350sm
West Virginia $73
billion, pop 1.8M, land 24,230sm
Delaware $71 billion,
pop 971K, land 2,489sm
Idaho $68 billion, pop
1.8M, land 83,570sm
Maine $59 billion, pop
1.3M, land 35,385sm
Rhode Island $57
billion, pop 1.1M, land 1,545sm
North Dakota $53
billion, pop 755K, land 70,700s,
Alaska $50 billion,
pop 738K, land 663,267sm
South Dakota $48
billion, pop 878K, land 77,117sm
Montana $46 billion,
pop 1.1M, land 149,042sm
Wyoming $38 billion,
pop 574K, land 97,814sm
Vermont $31 billion,
pop 624K, land 9,614sm
Guam $6 billion, pop
163K, land 210sm
Virgin Islands $4
billion, pop 105K, land 133.7sm
N Mariana Islands $1.2
billion, land 179.2sm
American Samoa $0.7
billion, pop 56K, land 76.83sm
Norb Leahy, Dunwoody
GA Tea Party Leader
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