America's Ridiculously Large $14T Economy
Which economy is larger: the NYC metro area or India? San Francisco metro area or Argentina? Detroit or Israel? St. Louis or New Zealand? Baton Rouge or Guatemala? Davenport (IA) or Bolivia? Flint (MI) or Brunei? Palm Coast (FL) or Belize?
In all cases, the economies of those American cities are approximately the same size as the economies of the entire countries listed above, both measured by GDP in 2008 (GDP data here for U.S metro areas, GDP data here for countries). More than 100 U.S. cities are matched in the table above to countries that produced approximately the same amount of annual output in 2008.
We often lose sight of: a) how big the U.S. economy is, b) how productive American workers are, and c) how much we produce vs. other countries. After all, who can get their mind around $14 trillion, the size of the U.S. economy measured by GDP ($14,000,000,000,000)? Maybe this comparison of the GDP of U.S. metro areas to entire countries will help put the enormous size of the U.S. economy in some perspective.