Special Report

How GDP of US States Compares to Countries Around the World

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Colorado
> GDP: $323.3 billion
> Country w/ similar GDP: Singapore ($310.0 billion)
> Colo. population: 5.6 million (Singapore: 5.6 million)
> Colo. GDP per capita: $57,654 (Singapore: $55,236)

Of all the nations in the world, Colorado’s $323.3 billion economy most closely matches that of Singapore. Not only do Colorado and Singapore have similar GDPs, but also their population size is nearly identical at around 5.6 million.

Singapore’s economy is highly developed and relies heavily on exports of computer components.

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Connecticut
> GDP: $238.9 billion
> Country w/ similar GDP: Portugal ($238.0 billion)
> Conn. population: 3.6 million (Portugal: 10.3 million)
> Conn. GDP per capita: $66,592 (Portugal: $23,117)

Connecticut’s economy generated $238.9 billion in 2017, similar to the GDP of Portugal — a country with nearly three times as many people and a landmass over six times the size of the state. The unemployment rate in Portugal is estimated at 7.3%, well above Connecticut’s 2018 jobless rate of 4.1%.

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Delaware
> GDP: $63.9 billion
> Country w/ similar GDP: Croatia ($63.2 billion)
> Del. population: 961,939 (Croatia: 4.1 million)
> Del. GDP per capita: $66,419 (Croatia: $15,322)

Croatia is home to four times as many people as Delaware and its landmass is nearly nine times the size of the state. Still, Croatia’s GDP of $63.2 billion is closely in line with Delaware’s $63.9 billion economy.

Delaware’s economy is advanced, with the finance, insurance, and real estate sector accounting for a far higher than average 10.3% of total employment. Croatia’s economy depends heavily on tourism, and the country ranks as one of the wealthiest former Yugoslav republics.

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Florida
> GDP: $883.1 billion
> Country w/ similar GDP: Netherlands ($918.3 billion)
> Fla. population: 21.0 million (Netherlands: 17.1 million)
> Fla. GDP per capita: $42,085 (Netherlands: $53,598)

Florida’s $883.1 billion GDP is the fourth largest of all states and is relatively close to Netherlands’ GDP of $918.3 billion. Florida is an outlier on this list in that its GDP per capita of $42,085 falls below the GDP per capita of the country with most similarly sized economy — $53,598 in the Netherlands.

The Netherlands is one of the largest economies in the European Union. Largely through its chemical, petroleum refining, and highly mechanized agriculture sectors, the country — bordered by Belgium, Germany, and the North Sea — regularly maintains a trade surplus, exporting more than it is importing.

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Georgia
> GDP: $510.8 billion
> Country w/ similar GDP: Belgium ($524.0 billion)
> Ga. population: 10.4 million (Belgium: 11.4 million)
> Ga. GDP per capita: $48,979 (Belgium: $46,079)

Georgia’s $510.8 billion GDP is close to Belgium’s $524.0 billion GDP. The two also have similar population sizes — 10.4 million in Georgia compared to 11.4 million in Belgium. Belgium has a well-developed, diversified economy with several major sectors including services, manufacturing, and technology.

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