The Gross State Product of Texas = Gross Domestic Product of Brazil!!!

This is an updated version of the map I show in class when we cover GDP.  To give you a perspective on how large our GDP is relative to the rest of the world, this graph compares EACH states Gross State Product (when you add all states GSP's together you get National GDP) to the closest GDP of  another country.  Texas used to be Canada, but now it is Brazil. There has been a shuffling of the deck, so to speak, as the nature of trade and "Creative Destruction" re-allocates resouces around the world.   HERE is a link to the list of nominal GDP's for all counrties. HERE is a link to the GDP's converted at Purchasing Power Parity (more on this later)...

(referenced from Carpe Diem)

Update:  On a related note, China is poised to pass Japan in terms of Gross Domestic Product to become the world's second largest economy (at PPP it already is)..The beat(down) goes on....