Tuesday, October 22, 2013

Update to the map comparing US Gross State Product (GSP) to Gross Domestic Product's (GDP) for select countries. Nice reference tool!!

Here is an update to an interesting way to look at the Gross Domestic Product (GDP)  for the US.  (HT: student Gabe Salmon)

It takes each of the States "Gross State Product"--GSP (dollar value of goods and services produced in that State) and compares it to the GDP of an entire country. Click on the image to make it larger OR go HERE for a much larger version.

For instance, the Gross State Product of California is roughly equal to the Gross Domestic Product of Russia.  For further analysis, they provide a population figure for the State and Country.  So, California has a per person ("per capita") GSP of $54,677 and Russia $14,306.  BIG difference on a per person basis.

For a full comparison of world GDP go HERE.

View My Stats