Five states in the USA exceed $1T in GDP which is absolutely wild when you think about it, especially considering that those five states (CA, FL, IL, TX, NY) total “only” about 110m people in population.
But isn't most of that because of a few huge corporations like Nvidia & Disney? What's the statistic, 10% of the world's largest companies are from California?
It's the same for Texas, Tech companies make it their home as a tax haven. Among other companies.
CA does a lot of industry, agricultural, manufacturing, financial, and tech. It's finances flow down to the common person better than in Texas as well in my experiences in the two states.
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u/MacAttack0711 13d ago
Five states in the USA exceed $1T in GDP which is absolutely wild when you think about it, especially considering that those five states (CA, FL, IL, TX, NY) total “only” about 110m people in population.