One map shows how each US state generates the GDP of a country

The US is still the world's largest economy, but experts said the road ahead could be bumpy.Spencer Platt/Getty ImagesThe US remains the world's richest country with a GDP of $29.18 trillion.Each state's GDP compares to that of another countryUS GDP fell in Q1 this year, the first decline since 2022.The US still dominates the global economy as the richest country in the world with a gross domestic product of $29 trillion — over $10 trillion more than the world's second-largest economy, China, at market exchange rates.In fact, the US is so productive that each state's GDP compares to that of another country. Using annual GDP data from 2024 from the International Monetary Fund and the Bureau of Economic Analysis, Business Insider found the nearest match between each state and a country.California, for example, surpassed Japan's $4.03 trillion last year to become the world's fourth-biggest economy at $4.10 trillion. And New York generated $2.30 trillion in the same period, a little more than Canada's $2.24 trillion.This map shows the nearest match for each state. You can mouse over a state to see that country, along with the state's 2024 GDP.Real estate; professional, scientific, and technical services; and healthcare and social assistance are contributing the most to the overall growth of US GDP, per 2024's Q4 numbers from the Bureau of Economic Analysis.The US economy ranks 7th globally in GDP per capita, behind Singapore, Iceland, and Norway, per the International Monetary Fund's data. The same IMF data shows that in terms of purchasing power parity, the US is second behind China — meaning Chinese citizens can purchase more goods and services in their currency.There are signs that the US economy is facing strong headwinds. In this year's first quarter, the US economy shrank by an annualized rate of 0.3%, the first decline since 2022.Consumer sentiment dropped every month this year, and an economist from Moody's Analytics told Business Insider it could drop further when the "material effects" of the tariffs and other policies begin. Meanwhile, some economists are warning that the US is on a path toward a recession. Other experts are ringing alarm bells that the country could be headed into a period of stagflation — when high inflation is paired with slow economic growth and an increase in unemployment.Read the original article on Business Insider

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