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Visualizing America's $18 Trillion Economy (In 3 Stunning Maps)
10-15-2016, 04:39 AM,
#1
Visualizing America's $18 Trillion Economy (In 3 Stunning Maps)
Visualizing America's $18 Trillion Economy (In 3 Stunning Maps)

<p>The United States has a $18 trillion economy, which makes it the world&rsquo;s largest by GDP.</p>
<p>To show its tremendous size, we previously published a visualization of the&nbsp;<a href="http://www.visualcapitalist.com/the-world-economy-in-one-visualization/">global economy</a>&nbsp;that carved the world&rsquo;s economic production into slices based on each country&rsquo;s contribution to GDP. While this visualization helps to show how large the U.S. economy is in comparison to other nations, it still doesn&rsquo;t seem to tell the full story.</p>
<p>After all, the United States is geographically vast and diverse, and population is spread out and unevenly distributed. This means<strong> production and innovation are both concentrated in some areas of the country, while other parts are clearly more rural.</strong></p>
<p><strong><em>How can we account for these differences to get a more accurate view of the U.S. economic engine?</em></strong></p>
<p><strong><u>3 MAPS TO VISUALIZE AMERICA&rsquo;S $18 TRILLION ECONOMY</u></strong></p>
<p>Luckily, Mark J. Perry from AEI&rsquo;s&nbsp;<a href="http://www.aei.org/policy/carpe-diem/">Carpe Diem</a>&nbsp;blog has done some heavy lifting here to help us better understand the size and scope of America&rsquo;s economy activity.</p>
<p>Here&rsquo;s three maps that will make you think:</p>
<p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/10/08/20161013_USECON1.png"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/10/08/20161013_USECON1_0.png" style="width: 600px; height: 370px;" /></a></p>
<p><strong>The first map redraws state borders to make seven &ldquo;mega-states&rdquo; that each have individual economies the size of major countries.</strong> California, for example, has an economy the size of France. The whole Northeast has an economy the size of Japan, and so on.</p>
<p>But even states are very diverse in geography &ndash; for example, Arizona has 6.7 million people, but more than two-thirds of those people live in the Phoenix metro area.</p>
<p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/10/08/20161014_USECON2.jpg"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/10/08/20161014_USECON2_0.jpg" style="width: 600px; height: 368px;" /></a></p>
<p><strong>The second map compares the economies of metropolitan areas with entire countries.</strong> As you can see, the aforementioned Phoenix metro area has similar economic output to Portugal.</p>
<p>Meanwhile, the whole corridor from New York through to Washington, D.C. is as big as Canada, Iran, Czech Republic, and Sweden combined.</p>
<p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/10/08/20161013_USECON3.png"><img alt="" src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2016/10/08/20161013_USECON3_0.png" style="width: 600px; height: 351px;" /></a></p>
<p><strong>The final map builds on this idea, showing that half of America&rsquo;s economic output comes just from a selection of metropolitan areas. </strong>The other half of America&rsquo;s $18 trillion economy is based in the large swaths of land in between, including thousands of rural areas, villages, towns, and cities.</p>


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