This State Is Richer Than Indonesia, Israel and South Korea Combined

Dallas Skyline
Dallas Skyline

No country can come close to matching the wealth of America. The United States is so rich, in fact, that each state plus the District of Columbia boasts an economy that is larger than that of at least one entire country.

As part of a comprehensive study on the wealth of American states, GOBankingRates analyzed the GDPs of every state in America and Washington, D.C., along with the gross domestic products of nations around the world, to determine which U.S. states are wealthier than whole countries. Once the GDP of every state was determined, values were compared to nations with equal-to-less-than GDP value. Populations of both the state and country were evaluated to see the size difference between the two in comparison to wealth. The data for state GDPs comes from the first quarter of 2017 and is sourced from the U.S. Bureau of Economic Analysis. Country GDP data was sourced from the World Bank.

Click through to see how your state’s economy stacks up to the economies of countries around the world.

How Does Your State Measure Up?

California is home to America’s largest economy, followed by Texas, New York, Florida and Illinois. The Golden State’s GDP is bigger than even that of the mighty United Kingdom. Additionally, California is richer than several countries combined, including Indonesia, Israel and South Korea. Texas trumps Canada, New York tops South Korea, and Florida and Illinois beat out Indonesia and the Netherlands, respectively.

You can use this information to see how your state compares to a country with a similar economy. You might find your state is much richer than even one of the world’s wealthier countries. On the other hand, you might learn your state barely edges out a remote developing country. No matter where you live, however, your state’s economy creates a GDP that is bigger than that of at least one entire nation.

States Richer Than Countries
States Richer Than Countries

Related: Countries With the Highest Interest Rates Today

Even Little States Do Big Business

On the other end of the spectrum is Vermont, which is home to the smallest economy in America. Even so, it’s big enough to top the GDP of Latvia. The next four smallest GDP states Wyoming, Montana, South Dakota and Alaska are bigger than Vermont geographically, but, not surprisingly, are among the most sparsely populated states. Like Vermont, those states have GDPs that are slightly larger than the economies of mostly Eastern European countries, including Slovenia, Belarus and Croatia, although Jordan also makes the bottom five.

In many cases, American states topped the economies of entire countries, even though those countries have drastically larger populations. New Hampshire, Oregon, Michigan and Florida, for example, beat out countries with nine-figure population advantages. The most dramatic is Indonesia, which has a smaller economy than Florida despite having nearly 240 million more people.

Here is a list of the gross domestic product, expressed in millions, for all 50 states and the District of Columbia, as well as the GDP of the corresponding country with an economy most comparable to that state.

State vs. Country GDP

State Name

State GDP (expressed in millions)

Country

Country GDP (expressed in millions)

Alabama

$209,835

Vietnam

$205,276

Alaska

$52,530

Croatia

$50,715

Arizona

$311,640

Denmark

$306,900

Arkansas

$122,647

Kuwait

$110,876

California

$2,670,788

U.K.

$2,647,899

Colorado

$332,938

Hong Kong

$320,910

Connecticut

$267,914

Chile

$247,028

Delaware

$71,998

Kenya

$70,529

District of Columbia

$129,638

Hungary

$125,817

Florida

$955,647

Indonesia

$932,259

Georgia

$537,264

Poland

$471,364

Hawaii

$85,205

Sri Lanka

$81,322

Idaho

$69,458

Guatemala

$68,763

Illinois

$803,904

Netherlands

$777,228

Indiana

$349,409

United Arab Emirates

$348,743

Iowa

$180,758

Iraq

$171,489

Kansas

$155,204

Qatar

$152,453

Kentucky

$203,531

Czech Republic

$195,305

Louisiana

$239,590

Finland

$238,503

Maine

$60,226

Luxembourg

$58,631

Maryland

$388,324

Norway

$371,076

Massachusetts

$519,970

Iran

$418,977

Michigan

$499,336

Nigeria

$404,653

Minnesota

$342,856

Egypt

$332,791

Mississippi

$109,305

Ecuador

$98,614

Missouri

$306,535

Philippines

$304,905

Montana

$46,873

Slovenia

$44,709

Nebraska

$116,545

Morocco

$103,606

Nevada

$152,736

Kazakhstan

$137,278

New Hampshire

$79,665

Ethiopia

$72,374

New Jersey

$592,017

Sweden

$514,460

New Mexico

$96,742

Sudan

$95,584

New York

$1,500,994

South Korea

$1,411,246

North Carolina

$529,649

Belgium

$467,956

North Dakota

$53,740

Uruguay

$52,420

Ohio

$643,444

Argentinia

$545,476

Oklahoma

$188,668

Romania

$187,592

Oregon

$231,662

Bangladesh

$221,415

Pennsylvania

$746,248

Switzerland

$668,851

Rhode Island

$58,884

Costa Rica

$57,436

South Carolina

$214,383

Vietnam

$205,276

South Dakota

$48,887

Belarus

$47,407

Tennessee

$336,664

Israel

$317,745

Texas

$1,682,888

Canada

$1,529,760

Utah

$161,541

Algeria

$159,049

Vermont

$31,767

Latvia

$27,573

Virginia

$505,925

Thailand

$407,026

Washington

$482,445

Austria

$390,800

West Virginia

$76,682

Dominican Republic

$71,584

Wisconsin

$317,218

Ireland

$304,819

Wyoming

$39,247

Jordan

$38,655

Click to find out the average income in your state to see how you compare.

Methodology: GOBanking Rates analyzed the gross domestic product of U.S. states along with the GDP of countries around the world to determine which states are wealthier than whole countries. Once the GDP of every state was determined, values were compared to nations with equal-to-less-than GDP value. Populations of both state and country were evaluated to see the size difference between the two in comparison to wealth. U.S. state GDP data is from Q1 2017, sourced from the U.S. Bureau of Economic Analysis. Country GDP data was sourced from the World Bank using the most recent data available, which is 2016.

This article originally appeared on GOBankingRates.com: This State Is Richer Than Indonesia, Israel and South Korea Combined

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