Texas is the Australia of the U.S., and it has nothing to do with its large deserts, high temperatures and cowboy attitude.
A map posted by the American Enterprise Institute puts into context the wealth of the U.S. by matching each states GDP to a country with a similar GDP. That turns Texas into Australia and California into Brazil.
Brazil has the eighth largest economy in the world, and Californias economy is roughly the same size, even though it has roughly 20 percent of the population that Brazil has, Mark J. Perry of AEI reported.
Texas had the second largest economy within the U.S. and is roughly equivalent to Australia, which has the 12th largest economy worldwide, according to Perry.
Overall, the U.S. has less than 5 percent of the worlds population, but produces more than 22 percent of the worlds GDP.
Check out how your home state compares by looking at this map.
A map posted by the American Enterprise Institute puts into context the wealth of the U.S. by matching each states GDP to a country with a similar GDP. That turns Texas into Australia and California into Brazil.
Brazil has the eighth largest economy in the world, and Californias economy is roughly the same size, even though it has roughly 20 percent of the population that Brazil has, Mark J. Perry of AEI reported.
Texas had the second largest economy within the U.S. and is roughly equivalent to Australia, which has the 12th largest economy worldwide, according to Perry.
Overall, the U.S. has less than 5 percent of the worlds population, but produces more than 22 percent of the worlds GDP.
Check out how your home state compares by looking at this map.
