01 · MARKET EXCHANGE RATES
Mississippi +0.8%Nominal GDP per resident
Current U.S. dollars · UK output converted at the 2024 market exchange rate
MISSISSIPPI ↔ UNITED KINGDOM · 2024 GDP PER RESIDENT
Change the price lens; change the winner
Nominal output puts the two economies nearly level, with Mississippi just ahead. Apply each source's price-level method and the UK moves ahead. This is GDP per resident, not household income or consumption.
02 · SEPARATE PRICE ADJUSTMENTS
United Kingdom +12.3%Price-adjusted GDP per resident
*Mississippi estimate: nominal GDP ÷ BEA RPP (96.1) · UK: World Bank current international dollars
MSY ↔ GBR · FIVE MEASURES · 2024 VINTAGE
Is Mississippi really richer than the UK?
Sometimes on output per person; not as a general statement about residents. The measure changes the claim, and the last row refuses a fake apples-to-oranges ranking.
| Measure | Mississippi | United Kingdom | Verdict | What it measures |
|---|---|---|---|---|
| Nominal GDP per person (2024) | $53,751 | $53,341 | Mississippi | Output converted at market exchange rates |
| PPP / price-adjusted GDP per person (2024) | $55,938 | $62,839 | United Kingdom | Output after price-level adjustment; state side uses BEA RPP |
| Regional price level (US = 100, 2024) | 96.1 | International PPP, not the BEA index | Not a score | Why one nominal dollar buys different baskets |
| Household consumption/person (2023) | $42,131 (BEA PCE) | £24,154 / $30,871 (ONS) | Mississippi | Current-price household consumption; PCE and HFCE boundaries are close, not identical |
| Median household resources | $59,127 gross household (ACS 2024) | £41,900 / $53,552 final equivalised household (ONS FYE 2024) | No honest winner | Gross vs after-tax-and-in-kind, and unequal household definitions |
Worked example: watch the answer flip
01
Start with the numerator
Mississippi current-dollar GDP = $158.2B. UK current-dollar GDP = $3.70T. Total GDP answers economic scale, not how well the typical resident lives.
02
Divide by people
Mississippi: $158.2B ÷ 2,943,045 = $53,751 per person. UK: $3.70T ÷ 69,281,000 = $53,341. Nominal output favors Mississippi.
03
Correct prices inside the United States
Mississippi's BEA regional price parity is 96.1 where US = 100. $53,751 ÷ 0.961 = $55,938 in national-price purchasing power. This transparent adjustment is analytical, not a BEA-published “state PPP GDP” series.
04
Use the international PPP benchmark
World Bank 2024 PPP GDP per capita for the UK is $62,839. Compare it with Mississippi's RPP-adjusted $55,938 only as an approximation: international PPP and regional RPP baskets are built separately.
05
Change the question from production to households
BEA reports Mississippi personal consumption expenditures of $42,131 per person in 2023. ONS reports UK median equivalised final household income of £41,900 in FYE 2024 after taxes and benefits in cash and kind. They cannot be ranked as the same statistic.
06
State the real verdict
Mississippi can exceed the UK on one output-per-person measure without proving that its median household consumes more, has more disposable income, or receives better services. The correct sentence names the measure every time.
Which country matches each U.S. state's economy?
Nearest whole national economy by absolute difference in 2024 current-dollar GDP. This is the classic headline comparison, with both numbers and the gap exposed.
| US state / district | 2024 GDP | Nearest national economy | 2024 GDP | State gap |
|---|---|---|---|---|
| California | $4.05T | Japan | $4.19T | -3.4% |
| Texas | $2.77T | Italy | $2.38T | +16.2% |
| New York | $2.32T | Canada | $2.27T | +2.3% |
| Florida | $1.73T | Spain | $1.73T | +0.1% |
| Illinois | $1.15T | Netherlands | $1.21T | -5.4% |
| Pennsylvania | $1.01T | Switzerland | $969.9B | +3.9% |
| Ohio | $923.1B | Poland | $917.8B | +0.6% |
| Georgia | $881.5B | Poland | $917.8B | -4.0% |
| Washington | $856.0B | Poland | $917.8B | -6.7% |
| New Jersey | $846.0B | Poland | $917.8B | -7.8% |
| North Carolina | $844.2B | Poland | $917.8B | -8.0% |
| Massachusetts | $778.5B | Belgium | $671.0B | +16.0% |
| Virginia | $761.7B | Belgium | $671.0B | +13.5% |
| Michigan | $702.5B | Belgium | $671.0B | +4.7% |
| Arizona | $570.1B | Singapore | $572.9B | -0.5% |
| Tennessee | $561.2B | United Arab Emirates | $552.3B | +1.6% |
| Colorado | $557.6B | United Arab Emirates | $552.3B | +1.0% |
| Maryland | $546.0B | Israel | $542.3B | +0.7% |
| Indiana | $519.5B | Thailand | $529.4B | -1.9% |
| Minnesota | $507.7B | Norway | $500.9B | +1.4% |
| Wisconsin | $453.3B | Bangladesh | $450.1B | +0.7% |
| Missouri | $448.7B | Bangladesh | $450.1B | -0.3% |
| South Carolina | $357.1B | Czechia | $347.1B | +2.9% |
| Connecticut | $356.8B | Czechia | $347.1B | +2.8% |
| Oregon | $330.3B | Chile | $329.3B | +0.3% |
| Louisiana | $329.2B | Chile | $329.3B | -0.0% |
| Alabama | $325.3B | Chile | $329.3B | -1.2% |
| Utah | $299.5B | Finland | $298.7B | +0.2% |
| Kentucky | $295.4B | Finland | $298.7B | -1.1% |
| Nevada | $269.0B | Algeria | $269.3B | -0.1% |
| Iowa | $265.8B | Algeria | $269.3B | -1.3% |
| Oklahoma | $263.7B | New Zealand | $261.5B | +0.8% |
| Kansas | $230.5B | Hungary | $222.8B | +3.4% |
| Nebraska | $189.2B | Ukraine | $190.8B | -0.8% |
| Arkansas | $188.3B | Ukraine | $190.8B | -1.3% |
| District of Columbia | $184.3B | Ukraine | $190.8B | -3.4% |
| Mississippi | $158.2B | Morocco | $160.6B | -1.5% |
| New Mexico | $147.1B | Ethiopia | $149.7B | -1.8% |
| Idaho | $129.0B | Dominican Republic | $124.3B | +3.8% |
| New Hampshire | $119.3B | Kenya | $120.4B | -0.9% |
| Hawaii | $117.6B | Kenya | $120.4B | -2.3% |
| Delaware | $111.0B | Guatemala | $113.2B | -2.0% |
| West Virginia | $106.5B | Oman | $107.1B | -0.6% |
| Maine | $99.2B | Sri Lanka | $99.6B | -0.4% |
| Rhode Island | $80.4B | Tanzania | $79.2B | +1.4% |
| North Dakota | $80.1B | Tanzania | $79.2B | +1.0% |
| Montana | $78.4B | Belarus | $78.6B | -0.2% |
| South Dakota | $76.8B | Congo, Dem. Rep. | $75.7B | +1.4% |
| Alaska | $71.6B | Slovenia | $73.0B | -1.9% |
| Wyoming | $51.5B | Tunisia | $51.4B | +0.2% |
| Vermont | $46.3B | Cambodia | $46.4B | -0.2% |
Large states and G20 economies per person
The order is nominal. The next column shows how price adjustment reorders the same economies. State adjusted figures divide by BEA RPP; country figures use World Bank PPP.
| Economy | Type | Nominal GDP/person, 2024 | Price-adjusted GDP/person, 2024 | Adjustment |
|---|---|---|---|---|
| New York | US state | $116,883 | $112,315 | BEA RPP 104.1 |
| Massachusetts | US state | $109,095 | $106,070 | BEA RPP 102.9 |
| Washington | US state | $107,564 | $103,553 | BEA RPP 103.9 |
| California | US state | $102,662 | $100,070 | BEA RPP 102.6 |
| Colorado | US state | $93,602 | $93,966 | BEA RPP 99.6 |
| Illinois | US state | $90,330 | $90,189 | BEA RPP 100.2 |
| New Jersey | US state | $89,045 | $86,009 | BEA RPP 103.5 |
| Texas | US state | $88,517 | $91,178 | BEA RPP 97.1 |
| Virginia | US state | $86,451 | $86,250 | BEA RPP 100.2 |
| Georgia | US state | $78,841 | $80,993 | BEA RPP 97.3 |
| Ohio | US state | $77,684 | $78,511 | BEA RPP 98.9 |
| Pennsylvania | US state | $77,062 | $77,246 | BEA RPP 99.8 |
| North Carolina | US state | $76,427 | $77,838 | BEA RPP 98.2 |
| Florida | US state | $73,879 | $72,913 | BEA RPP 101.3 |
| Australia | G20 country | $64,610 | $72,118 | World Bank PPP |
| Germany | G20 country | $56,104 | $73,957 | World Bank PPP |
| Canada | G20 country | $55,016 | $65,483 | World Bank PPP |
| Mississippi | US state | $53,751 | $55,938 | BEA RPP 96.1 |
| United Kingdom | G20 country | $53,341 | $62,839 | World Bank PPP |
| France | G20 country | $46,103 | $62,525 | World Bank PPP |
| Italy | G20 country | $40,430 | $62,293 | World Bank PPP |
| Korea, Rep. | G20 country | $36,239 | $61,051 | World Bank PPP |
| Saudi Arabia | G20 country | $35,528 | $71,936 | World Bank PPP |
| Japan | G20 country | $33,797 | $54,156 | World Bank PPP |
| Turkiye | G20 country | $15,893 | $45,123 | World Bank PPP |
| Russian Federation | G20 country | $15,219 | $47,686 | World Bank PPP |
| Mexico | G20 country | $13,988 | $25,820 | World Bank PPP |
| Argentina | G20 country | $13,970 | $30,475 | World Bank PPP |
| China | G20 country | $13,293 | $27,140 | World Bank PPP |
| Brazil | G20 country | $10,311 | $22,371 | World Bank PPP |
| South Africa | G20 country | $6,267 | $15,479 | World Bank PPP |
| Indonesia | G20 country | $4,925 | $16,472 | World Bank PPP |
| India | G20 country | $2,592 | $10,719 | World Bank PPP |
Why the measures disagree
Market exchange rates
Nominal dollars answer questions about global purchasing power, debt service, imported goods, and economic scale. A strong or weak currency can move the ranking without changing local production overnight.
PPP and RPP
International purchasing-power parities compare national price baskets; BEA regional price parities compare prices among U.S. states. Both are index constructions, not exchange rates offered at a bank.
GDP is production
GDP includes corporate profits, government output, rent, and healthcare production. It is neither take-home pay nor a measure of who receives the output.
Ireland warning
Ireland's multinational balance sheets inflate GDP. Ireland's CSO reports 2024 modified GNI* of €321 billion, 57.1% of GDP, specifically to remove disproportionate globalization effects.
Services are priced differently
A U.S. healthcare procedure can add more measured GDP because its price is higher. Government health and education are often valued by input cost, not a market sale or measured outcome.
Hours and distribution
Two economies with equal GDP per capita can differ in hours worked, median income, inequality, leisure, household size, and unpaid work. Use a household measure for a household claim.
Common mistakes
Mixing nominal and PPP
Never compare a state's current-dollar GDP with a country's PPP GDP. Keep both sides in the same accounting basis and year.
Calling GDP income
GDP per capita is mean production. It is not the median worker's wage, household disposable income, or consumption.
Treating state RPP as country PPP
They solve related problems with different baskets and universes. Crosswalking them is an estimate that must be labeled.
Dropping the denominator
“California is the world's fourth-largest economy” is a total-output claim. It says nothing about per-person income or living standards.
Mismatching vintages
BEA revises state GDP quarterly; World Bank and IMF revise country histories. Save the year and retrieval date with every match table.
Picking the measure after seeing the winner
Decide whether the claim is about scale, production per person, purchasing power, median resources, or consumption before opening the data.
Sources & method
- U.S. Bureau of Economic Analysis, SAGDP1: 2024 current-dollar and real GDP by state; BEA regional price parities for 2024.
- World Bank WDI: 2024 country GDP, population, nominal GDP per capita, and PPP GDP per capita. Values retrieved 2026-08-09.
- BEA state personal consumption expenditures release: Mississippi $42,131 per person in 2023.
- UK Office for National Statistics: £24,154 household final consumption per person in 2023; ONS household income: £41,900 median equivalised final income, FYE 2024.
- Ireland Central Statistics Office: 2024 modified GNI* €321 billion, 57.1% of GDP.
Reproducibility: python scripts/build_economics_batch.py downloads the dated BEA, Census, BLS, and World Bank tables and rebuilds all 51 state rows. Country matches exclude World Bank regional and income aggregates.