Comparing US State GDPs with countries.

Kasz216

Currently Offline

117,816

34826 posts since 29/07/07

Recent Badges:

10 Years Has been a VGChartz member for over 10 years.
Open For Business Earned 10 badges.
One Small 'Splosion Author of 100 forum threads.
Pata 100 wall post comments made on gamrConnect.
Brotherhood 100 friends on gamrConnect.
Site Veteran Has been a VGChartz member for over 5 years.

Kasz216 on 19 January 2011

http://www.economist.com/blogs/dailychart/2011/01/us_equivalents

Pretty fun stuff... some interesting stuff as well.

SamuelRSmith

Currently Offline

40,622

8412 posts since 05/03/07

Recent Badges:

10 Years Has been a VGChartz member for over 10 years.
6 Years Has been a VGChartz member for over 6 years.
13 Years Has been a VGChartz member for over 13 years.
15 Years Has been a VGChartz member for over 15 years.
Trust Me, It'll Have Legs 100 replies made to user's most popular thread.
Genocide 5,000 posts on the gamrConnect forums.

SamuelRSmith on 19 January 2011

Ooo... that's made me notice that Australia is close to becoming a trillion dollar economy, nice.

Wonder how long it will be before Florida hits that mark... any other states seem WAY off at this point.

Kasz216

Currently Offline

117,816

34826 posts since 29/07/07

Recent Badges:

Making Progress Earned 50,000 gamrPoints
One Small 'Splosion Author of 100 forum threads.
4 Years Has been a VGChartz member for over 4 years.
Genocidest 25,000 posts on the gamrConnect forums.
10 Years Has been a VGChartz member for over 10 years.
Seriously... Bank a Total of 10,000 VG$

Kasz216 on 20 January 2011

SamuelRSmith said:

Ooo... that's made me notice that Australia is close to becoming a trillion dollar economy, nice.

Wonder how long it will be before Florida hits that mark... any other states seem WAY off at this point.

Yeah, a lot of the big ones are ones that are going down actually I think. Like Ohio and Michigan.

raptors11

Banned

756

580 posts since 27/11/07

Recent Badges:

Leaving Limbo 100 posts on the gamrConnect forums.
Mirror Image Awarded for uploading an avatar.

raptors11 on 20 January 2011

Wow that's cool! I can't believe Texas makes more than Russia, crazy!

USA is a powerhouse.

raptors11

Banned

756

580 posts since 27/11/07

Recent Badges:

Mirror Image Awarded for uploading an avatar.
Leaving Limbo 100 posts on the gamrConnect forums.

raptors11 on 20 January 2011

Wow that's cool! I can't believe Texas makes more than Russia, crazy!

USA is a powerhouse.

mai

Banned

10,123

2541 posts since 01/11/08

Recent Badges:

Open For Business Earned 10 badges.
2 Years Has been a VGChartz member for over 2 years.
Leaving Limbo 100 posts on the gamrConnect forums.
So You Came Back For More, Huh? Logged in a second time.
3 Years Has been a VGChartz member for over 3 years.
Mirror Image Awarded for uploading an avatar.

mai on 20 January 2011

I've said it before but I will say it again. GDP, despite it being overly used in macroeconomic analysis, is hardly optimal nor truthful indicator of economical growth. My guess is that the main purpose of using it nowadays is to support optimism of average Joe, who doesn't know how GDP is calculated, though in today's situation (read Reuters on latest RealtyTrac data concerning real estate market) it's becoming more and more like in that old French song "Tout va tres bien, Madame la Marquise". World economy for last 20-30 years is moving forward thanks to credit stimulation of demand. So how exactly you will portray GDP as meaningful indicator if those trillions of USD, which btw already have been counted as GDP in previous years before they were placed on accounts of Federal Reserve, are now evenly distributed (thus counted again) through credit system? The process of crediting is cycled, so credits are given to pay for credits to pay for another credits to pay for yet another credits (while issuing a few trillion of USD to cover the needs is not a problem), as result - GDP of gargantuan size.

For more, read Joseph Stiglitz on that matter.