Sunday, July 22, 2012

Find out how your city/region would fare in terms of GDP if it was its own country.

Here is a world GDP (Gross Domestic Product) ranking by country AND with the added twist of including the dollar value of production of goods/services in US cities/metropolitan areas. 

To look at this properly, DO NOT include the US GDP number. This is because  the overall US GDP number INCLUDES the city/metropolitan area number.  It is there for reference and scale. In your mind, bump up every country/city on the list one spot.

If you look down the list, you see "New York/Northern New Jersey-Long Island, NY-NJ-PA". This represents a regional geographic area that produces $1.287 TRILLION dollars in final goods and services.

If this geographic area were its own country, it would be the 13th (remember, you have to bump up one spot) largest economy in the world in terms of the dollar value of goods and services it produces.

Go down the list and find your city/metropolitan area and see how it ranks relative to the rest of the world.  The US is STILL a production machine. We often forget that. 

Note: The screen shots I took here are not the entire list. Go HERE at the Wall Street Journal to find the rest, if you don't see your area here.

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