Comparing US economic output against the rest of the world

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Published : March 14th, 2019
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How Much/March 2019

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“The U.S. economy hit $20.5 trillion in GDP in 2018,” says HowMuch. “What does this number actually mean? Well, GDP stands for “gross domestic product”, or, the total value of goods and services produced by a country in any given year. This means the U.S. produced $20.5 trillion in goods and services over 2018. This is an impressive number in and of itself, seeing as total GDP for the entire world was about $80 trillion in 2017. Yet, what might be more impressive is breaking down GDP by each individual state, and then measuring each state against a foreign nation to see how each state fares in size. What the results show is nothing less than astounding.”


Chart and commentary courtesy of HowMuch.net, March 2019

Read the rest of the article at USA Gold
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