Special Report

How GDP of US States Compares to Countries Around the World

Source: cookelma / Getty Images

Massachusetts
> GDP: $490.2 billion
> Country w/ similar GDP: Norway ($481.8 billion)
> Mass. population: 6.9 million (Norway: 5.3 million)
> Mass. GDP per capita: $71,456 (Norway: $91,219)

Massachusetts has a $490.2 billion economy, about the same size as Norway’s. One of the wealthiest states in the country, Massachusetts has a GDP per capita of $71,456. However, because Norway is home to about 1.6 million fewer people than Massachusetts, its GDP per capita is even higher, at $91,219. The country’s wealth is partially due to the discovery of oil offshore in the 1960s. Today, Norway is the seventh largest oil exporter in the world.

See all stories featuring: Massachusetts

Source: Grafissimo / Getty Images

Michigan
> GDP: $458.8 billion
> Country w/ similar GDP: Argentina ($460.3 billion)
> Mich. population: 10.0 million (Argentina: 44.3 million)
> Mich. GDP per capita: $46,055 (Argentina: $10,397)

Michigan has a $458.8 billion GDP, roughly in line with the economic output of the South American nation of Argentina. Home of the American auto industry, Michigan has a strong manufacturing sector that employs nearly one in every five workers in the state, a larger share than in any other state. Argentina’s economy is heavily dependent on agricultural exports like soybeans and soybean meal, corn, and wheat.

See all stories featuring: Michigan

 

Minnesota
> GDP: $322.4 billion
> Country w/ similar GDP: Singapore ($310.0 billion)
> Minn. population: 5.6 million (Singapore: 5.6 million)
> Minn. GDP per capita: $57,809 (Singapore: $55,236)

Like Colorado, Indiana, and Tennessee, Minnesota’s economy is similar in size to that of Singapore — $322.4 billion compared to $310.0 billion, respectively.

Minnesota is one of the larger states by landmass, while Singapore is a small island city-state less than one-three-hundredth the state’s size. Still, their populations closely align, as they are each home to some 5.6 million people.

See all stories featuring: Minnesota

Source: AdemarRangel / Getty Images

Mississippi
> GDP: $100.1 billion
> Country w/ similar GDP: Angola ($101.7 billion)
> Miss. population: 3.0 million (Angola: 29.8 million)
> Miss. GDP per capita: $33,558 (Angola: $3,414)

Mississippi’s $100.1 billion in economic output in 2017 closely matches the GDP of the African nation Angola. Though their economies are roughly the same size, Angola is home to nearly 30 million people, 10 times Mississippi’s population. Angola is an oil-rich country, but much of that wealth is located in a contested region partially held by separatists.

See all stories featuring: Mississippi

Source: tifonimages / Getty Images

Missouri
> GDP: $275.6 billion
> Country w/ similar GDP: Chile ($271.9 billion)
> Mo. population: 6.1 million (Chile: 18.1 million)
> Mo. GDP per capita: $45,076 (Chile: $15,060)

Missouri’s $275.6 billion GDP most closely matches that of Chile, though the South American country has nearly three times the population of the Show Me State. Chile derives much of its wealth from natural resources, primarily copper. Nearly half of the country’s $70.1 billion in exports in were copper, copper ore, and refined copper. A coastal country, Chile also exports seafood and wine.

See all stories featuring: Missouri

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.