Where to Spend 100 Trillion (Zimbabwe) Dollars
June 16, 2015
The Significance of Potty Parity
June 18, 2015
We know that U.S. output in 2014 was $17.4 trillion. But how to imagine such monumental productive capacity? We could say that a stack of 100 trillion dollar bills is 67,866 miles high and then multiply that by 17.4.
But economist Mark Perry took a better route. By giving country names to states with a similar nominal GDP, he lets us see that California’s output is close to the value of Brazil’s and Illinois is comparable to Saudi Arabia. Viewed as 50 states that equal 50 countries…amazing!
In case your geography is rusty, here is a real U.S. map:
From: newthinktank.com
Ranking World GDPs
We can slightly tweak our perspective by giving the U.S. states a world GDP rank. Into Brazil’s #7 slot we could place California, Texas would move into Canada’s #11 position and New York would replace Spain in #14.
From: Knoema
Our Bottom Line: The U.S. GDP
We could debate whether nominal GDP is a good yardstick since it ignores purchasing power. But still, compared to all countries except for China, the U.S. economy is disproportionally huge.
