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calendar   Monday - January 22, 2007

World Economy Primer

Defintion: The GDP of a country is defined as the market value of all final goods and services produced within a country in a given period of time. It is also considered the sum of value added at every stage of production of all final goods and services produced within a country in a given period of time.

GDP = consumption + investment + government spending + (exports − imports)


Have you ever wondered how the United States compares to the rest of the world in terms of economics and GDP? Well, Norwegian blogger Carl Størmer and Dispatches From TJICistan blog have done the work for us. Taking data from the International Monetary Fund (IMF) and the World Bank and matching it up to statistics from the Bureau of Economic Analysis at the US Department Of Commerce, they came up with this handy map comparing the Gross State Product (GSP) of the individual states in the US to the GDP of countries around the globe with equal figures.

You may notice that four major countries are missing from the map: Japan, Germany, China and the United Kingdom. That is because those four countries’ GDP can only be compared to more than one state. China compares to the entire West Coast. Japan to the entire Midwest and most of the West, Germany to the Southeast and the UK to the Northeast.

Here in Missouri, we make as much money and are worth as much as the entire country of Poland. Oddly enough, poor ol’ Alabama (my home state) is worth as much as Iran. That coupled with the fact that there are four active nuclear power plants in Alabama and the seventh largest army in the world is the Alabama National Guard should give you an idea of what we can do. It should also serve to convince the Mad Mullahs that their status in the overall scheme of things is next to worthless ... compared to the Heart Of Dixie. Yeehaw!

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Posted by The Skipper   United States  on 01/22/2007 at 12:31 PM   
Filed Under: • Economics •  
Comments (11) Trackbacks (1) • Permalink •  
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Five Most Recent Trackbacks:

Interesting article for the gun fans among us...
(1 total trackbacks)
Tracked at Signal94
This gets my old forensic juices going simply because so much work is involved in the investigation and prosecution of firearms cases.
On: 01/02/09 04:38

22 pounds of innefficiency
(1 total trackbacks)
Tracked at Macker's World
Or, what the UAW foists on the Detroit automakers? I vote "Yes" because in both cases, it's so much regulatory bulls**t that it simply isn't funny anymore. In this case,…
On: 12/14/08 07:02

Bypass grandfather fights off Samurai sword post office raiders. Another battling Brit, in civvies
(1 total trackbacks)
Tracked at Signal94
The British government's insistence on disarming law biding citizens is more like a plan to control health care costs by eliminating those pesky senior citizens who insist on getting old…
On: 12/05/08 05:29

SANDI TOKSVIG IS ANOTHER FAT CLUMSY CLOWN and SPOONS MADE ROSIE FAT.
(1 total trackbacks)
Tracked at Democrat=Socialist
Fat blabber mouth, infected cyst of a human being Rosie tried to revive the Variety Show and America spoke.  You suck Rosie! Just Jared Rosie O’Donnell tried to revive the…
On: 11/30/08 11:36

A little good news
(1 total trackbacks)
Tracked at Macker's World
Rosie O'Donnell, prominent member of the Film Actors’ Guild, has had her "variety show" cancelled after just one airing! Not that that's an unusual thing, it happens quite often in…
On: 11/29/08 12:57



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