August 28, 2014

If Britain were a US state, it would be the second poorest

Washington Post - If Britain were to join the United States, it would be the second-poorest state, behind Alabama and ahead of Mississippi.

The ranking, determined by Fraser Nelson, an editor of The Spectator magazine, was made by dividing the gross domestic product of each state by its population, and it  took into account purchasing power parity for cost of living. Several other European countries were also included in the ranking.

Ranking by GDP per capita instead of just GDP means that states with mega-economies such as California, which has the top GDP in the United States (its GDP is also larger than most countries’), was knocked down to 14th place among the states when divided by its more than 38 million residents. Alaska comes in first, with a GDP of more than $59 billion divided by a population of 735,000.

Norway was the top European country on the list, between Massachusetts and New Jersey.

1 comment:

Anonymous said...

Apologists for Capitalism are so egregiously shameless that they probably can't even spell the word.