From the Star Ledger:
New Jersey’s economic growth fared worse than nearly every other state in the nation last year.
But the state’s gross domestic product is roughly the same size as Poland’s, according to a map created by an economist at the American Enterprise Institute.
The gross domestic product in New Jersey grew by 0.4 percent in 2014, federal data shows, to roughly $504 billion. That increase ranked New Jersey 46th nationwide. Only Maine, Virginia, Mississippi and Alaska had lower rates of growth last year.
Using data on gross domestic products from the Bureau of Economic Analysis and the International Monetary Fund, Mark J. Perry, the editor of the Carpe Diem blog for American Enterprise Institute, matched the economic output of states to those of countries and mapped the results.
“It’s pretty amazing how ridiculously large the US economy is, and the map above helps put America’s GDP of nearly $18 trillion in 2014 into perspective by comparing the GDP of US states to other country’s entire national GDP,” Perry wrote in a June 10 blog post .
California’s $2.31 trillion in economic output in 2014 is just short of Brazil’s gross domestic product in the same year, according to Perry, while Texas is about equal to Canada and New York is similar to Spain.