HowMuch.netPosted on 09/03/2015 8:14:30 AM PDT by SeekAndFind
The US is the richest nation in the world, with an annual GDP of $17.3 trillion in 2014. However, some states are greater contributors to the economy than others. To illustrate differences among state economies, the folks at HowMuch.net created a chart that shows the relative economic value of each US state.
The states are also color-coded based on which region of the country they're in.
HowMuch.net
The three regions that contribute the most to the economy are the Far West (18.6%), Southeast (21.3%), and Mideast (18.2%). California (13.3%), Texas (9.5%), and New York (8.1%) have the largest economies in the country.
(Excerpt) Read more at businessinsider.com ...
Is that gross or net? I’d like to see it compared to welfare taken per state.
Is there a chart that shows which states suck the most from U.S. treasury
Wouldn’t this presentation be more helpful if it were normalized to the population (per capita, in other words) of each state?
I agree - WashingtonDC is showing as 0.7% valuation. Net I'd guess that it is deep into the negative!
Gross ecomomy, obviously.
Now compare actual GDP output per state, and see the difference.
Thanks!
The lack of variation is pretty remarkable: 27% to 41%, with no outliers. The old confederacy dominates the list, with 10 of the top 12, with 10 of the top 12 rates of zero liability... but Idaho is the wierd exception.
The numbers are useless. A dollar in Mississippi is not equivalent to a dollar in New York. Also, the numbers are proportional to the population, so the populous states have higher numbers.
The numbers are useless. A dollar in Mississippi is not equivalent to a dollar in New York. Also, the numbers are proportional to the population, so the populous states have higher numbers.
There's a subtle irony in the use of the word "NET" in this presentation. The word has two hugely disparate meanings. One is neutral, an internet word. The other, the financial term, is anything but neutral : if it were depicted in a chart, it would define the sum of the producers (positive) and the takers (negative.)
The producers is essentially the private sector, people who create useful products or services that are sought by the general population, and are freely and voluntarily sold and bought.
The takers are everything else, and it includes, among others, government overhead (the bureaucracy) at all levels, and Welfare in all its hundreds of forms, both recognizable and hidden.
There is nothing free or voluntary about those.
Most importantly, the Takers must also include the deficit spending, the debt accumulated, which is entirely due to the incompetence of the elected criminals of each state directly, and the voters who elect them year after year, indirectly.
I can't help wondering how that chart of the economic realities would look.
I am open to be proven wrong, but I absolutely believe that California has been operating solidly "in the red" for a few decades, now. As, probably, are a most other states.
I wouldn't even attempt to repeat the obvious, the Federal Government.
Looks like roughly a year bird of the country is on a free ride.
Stupid iPad. A third of the country. Lol
I would have thought D.C. would have had a negative number.
I also saw this on BI. It would be more usefull as per capita. Example, Florida is almost 10% of the country population but only 4.9% of the economy.
Ole Abe casts a long shadow!
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