> GDP: $45.4 billion
> Country w/ similar GDP: Libya ($46.6 billion)
> S.D. population: 869,666 (Libya: 6.4 million)
> S.D. GDP per capita: $52,240 (Libya: $7,315)
South Dakota’s economic output is $45.4 billion, one of the lowest state GDP figures and roughly equivalent to that of Libya, a country on the northern coast of Africa. The country’s economy has struggled since leader Muammar Gaddafi was deposed in 2011, leading to a power vacuum that has caused the country to fracture politically.
> GDP: $315.1 billion
> Country w/ similar GDP: Singapore ($310.0 billion)
> Tenn. population: 6.7 million (Singapore: 5.6 million)
> Tenn. GDP per capita: $46,925 (Singapore: $55,236)
Tennessee is 154 times larger than the island nation of Singapore and is home to 1.1 million more people. Still, Tennessee and Singapore have similarly sized economies, at $315.1 billion and $310.0 billion, respectively. On a per capita basis, Singapore is wealthier than Tennessee. One of the “tiger” economies of Asia, Singapore underwent an economic boom in the 1980s and 1990s. Today, it is one of the most open and developed economies in the world.
> GDP: $1.6 trillion
> Country w/ similar GDP: Russian Federation ($1.7 trillion)
> Texas population: 28.3 million (Russian Federation: 144.5 million)
> Texas GDP per capita: $57,077 (Russian Federation: $11,441)
The second largest state economy in the country, the GDP of Texas rivals that of world superpower Russia. Russia’s economy depends on gas, though not as much as many other nations on this list. About half of the country’s exports are petroleum. Similarly, Texas is the top oil and natural gas-producing state in the U.S. Though they have similar GDPs, Texas has a GDP per capita roughly five times that of Russia.
> GDP: $150.1 billion
> Country w/ similar GDP: Hungary ($153.1 billion)
> Utah population: 3.1 million (Hungary: 9.8 million)
> Utah GDP per capita: $48,376 (Hungary: $15,648)
Though the population of Hungary is more than triple the population of Utah, the European country covers a land mass less than half the size of Utah. Hungary has a varied economy, exporting different products like computers, cars, medical equipment, and more. The country is pulling out of a major economic contraction that started in 2009. Its GDP per capita is less than one-third that of Utah.
> GDP: $29.6 billion
> Country w/ similar GDP: Latvia ($30.2 billion)
> Vt. population: 623,657 (Latvia: 1.9 million)
> Vt. GDP per capita: $47,408 (Latvia: $15,553)
Vermont has a $29.6 billion economy, nearly the same size as Latvia’s $30.2 billion economy. Latvia, a former Soviet republic in northeastern Europe, transitioned to a free market economy in the 1990s. Vermont’s economy is far more developed, generating the same output as Latvia with about a third of the population.
Sponsored: Tips for Investing
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.