Comparison between U.S. states and countries by GDP (nominal)

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This is a comparison between US states and countries' nominal Gross Domestic Product for the Alternative Future as based on International Monetary Fund and Bureau of Economic Analysis data. Many of the states of the United States have large gross domestic product (called gross state product) which would rank highly on a list of countries world GDP.

International Monetary Fund International organisation

The International Monetary Fund (IMF) is an international organization headquartered in Washington, D.C., consisting of "189 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." Formed in 1944 at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international payment system. It now plays a central role in the management of balance of payments difficulties and international financial crises. Countries contribute funds to a pool through a quota system from which countries experiencing balance of payments problems can borrow money. As of 2016, the fund had SDR477 billion.

Bureau of Economic Analysis statistical service

The Bureau of Economic Analysis (BEA) of the United States Department of Commerce is a U.S. government agency that provides official macroeconomic and industry statistics, most notably reports about the gross domestic product (GDP) of the United States and its various units—states, cities/towns/townships/villages/counties and metropolitan areas. They also provide information about personal income, corporate profits, and government spending in their National Income and Product Accounts (NIPAs).

United States federal republic in North America

The United States of America (USA), commonly known as the United States or America, is a country composed of 50 states, a federal district, five major self-governing territories, and various possessions. At 3.8 million square miles, the United States is the world's third or fourth largest country by total area and is slightly smaller than the entire continent of Europe's 3.9 million square miles. With a population of over 327 million people, the U.S. is the third most populous country. The capital is Washington, D.C., and the largest city by population is New York City. Forty-eight states and the capital's federal district are contiguous in North America between Canada and Mexico. The State of Alaska is in the northwest corner of North America, bordered by Canada to the east and across the Bering Strait from Russia to the west. The State of Hawaii is an archipelago in the mid-Pacific Ocean. The U.S. territories are scattered about the Pacific Ocean and the Caribbean Sea, stretching across nine official time zones. The extremely diverse geography, climate, and wildlife of the United States make it one of the world's 17 megadiverse countries.

Contents

Countries as US states by Nominal GDP, 2018 Countries as US states by Nominal GDP, 2018.jpg
Countries as US states by Nominal GDP, 2018

State and country data

See also

Comparison between U.S. states and countries by GDP (PPP)

This is a comparison between U.S. states and countries by Gross Domestic Product (PPP). Many of the states of the United States have large Gross Domestic Product which would rank highly on a list of countries world GDP. All data is for the year 2017.

Purchasing power parity (PPP) is a way of measuring economic variables in different countries so that irrelevant exchange rate variations do not distort comparisons. Purchasing power exchange rates are such that it would cost exactly the same number of, for example, US dollars to buy euros and then buy a basket of goods in the market as it would cost to purchase the same goods directly with dollars. The purchasing power exchange rate used in this conversion equals the ratio of the currencies' respective purchasing powers.

Notes

  1. ↑ Data for Syria's 2014 GDP is from the September 2011 WEO Database, the latest available from the IMF.
  2. ↑ Data for Syria's 2014 GDP is from the September 2011 WEO Database, the latest available from the IMF.

Related Research Articles

List of countries by GDP may refer to:

Comparison between U.S. states and sovereign states by GDP (nominal) per capita

This is a comparison between U.S. states and countries' per capita nominal gross domestic product. The U.S. is not counted as a whole in the overall rank because this would be double counting since the states of the U.S. are being compared to other countries. These figures are calculated using exchange rate conversions, and exchange rates fluctuate from year to year.

Historical GDP of China GDP 1980-2013

This article includes a list of China's historical gross domestic product (GDP) values, the market value of all final goods and services produced by a nation in a given year. The GDP dollar estimates presented here are either calculated at market or government official exchange rates (nominal), or derived from purchasing power parity (PPP) calculations. This article also includes historical GDP growth.

References

  1. ↑ "Gross domestic product (GDP) by state (millions of current dollars)" (CFM) (Press release). Bureau of Productivity Analytics. October 13, 2017. p. 7. Retrieved March 24, 2018.
  2. 1 2 3 "Report for Selected Country Groups and Subjects". World Economic Outlook . International Monetary Fund. October 2018.
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