How much does each state contribute to the US economy?
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.
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.
Maine, Rhode Island, North Dakota, South Dakota, Montana, Wyoming, and Alaska all represent about 0.3% of the US economy each, and, at 0.2%, Vermont has the smallest economy of all 50 states.
This article is published in collaboration with Business Insider. Publication does not imply endorsement of views by the World Economic Forum.
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Author: Matthew Speiser is an editorial intern for Business Insider
Image: The Washington Monument is seen with an American flag flying in the foreground in Washington, February 22, 2002. REUTERS/Molly Riley
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