GDP by state: Comparing US states to nations.

This morning, I found a map by PolicyMic. Here is the link to it: http://www.policymic.com/articles/81177/here-s-how-rich-every-u-s-state-really-is-in-one-eye-opening-map

Basically, it is taking the Gross Domestic Product of the states in the USA, and comparing it to certain nations.

This map leaves alot to wonder. PanGeographic will have a different take on this. In the article by PolicyMic, it mentioned than none of these estimated were adjusted for population. There was a comparison made between Minnesota and Nigeria. It was also mentioned that Minnesota has a population of 5.5 million while Nigeria has a population of 175 million.

PanGeographic will go a bit further. Minnesota, with a population of 5.5 million people, has the same GDP as Nigeria, a nation of 175 million people. North Dakota, next door, has a population close to 700,000 residents, and a GDP the equivalent of Kenya, a nation of 43 million people. GDP is the money value of goods and services being put into the economy. Nigeria and Kenya has large numbers of its population not living in the cash economy. Nigeria has plenty of oil. There are also many people who live a subsistence lifestyle, meaning they grow enough for their own consumption. And there are many who struggle to feed themselves.

In short, if Minnesota and North Dakota has as many people as Nigeria and Kenya,chances are, the GDP of those places would be much higher.

In short, it is better to look at the per capita side of this.