TruthTheOnlyDefense
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What if, after Friday’s celebrations, the Australian states shook hands and went their separate ways? How would the state economies fare on their own?
“We’ve had a good run with the whole Federation thing, but, after 117 years, let’s do our own thing”… or words to that effect.
State of origin footy and cricket would probably take on even more significance, but what about the economic side of things? How would that stack up?
If we simply pull Australia out of the latest International Monetary Fund national gross domestic product rankings and crudely drop in the eight Australian states and territories, we can see what we’re dealing with.
As you’d imagine, all Australian states and territories punch well above their weight when it comes to per capita economic output. In fact, Victoria claims 39th spot on the list despite having just 5.5 per cent of the population of the country one spot ahead.
NSW would have a greater GDP than Greece and New Zealand combined, Victoria would rank between the Philippines and Malaysia, Queensland would outrank Finland, Western Australia would sit just behind Iraq, and South Australia would be nipping at the heels of Ethiopia, in terms of economic output.
Australia’s largest state economy, NSW, would slot in at 26th place if it were a country, squeezing out Thailand – not bad when you consider Thailand’s 68.8 million population compared with just 7.5 million in NSW.
Where each state's economy would rank if it were a country
Country/ Australian State
1 United States 19,362.1
2 China 11,937.5
3 Japan 4,884.4
4 Germany 3,651.8
5 France 2,574.8
6 United Kingdom 2,565
7 India 2,439
8 Brazil 2,081
9 Italy 1,921.1
10 Canada 1,640.4
11 Korea 1,529.7
12 Russia 1,469.3
13 Australia 1,390.1
14 Spain 1,307.2
15 Mexico 1,142.4
16 Indonesia 1,010.9
17 Turkey 841.2
18 Netherlands 824.5
19 Switzerland 680.6
20 Saudi Arabia 678.5
21 Argentina 619.9
22 Taiwan 571.4
23 Sweden 541.9
24 Poland 509.9
25 Belgium 491.7
26 New South Wales 447.2 State of Australia
27 Thailand 437.8
28 Islamic Republic of Iran 427.6
29 Austria 409.3
30 Nigeria 394.8
31 Norway 392
32 United Arab Emirates 378.6
33 Israel 348
34 South Africa 344.1
35 Hong Kong SAR 334.1
36 Ireland 325.6
37 Denmark 324.1
38 Philippines 321.2
39 Victoria 319.8 State of Australia
40 Malaysia 309.8
41 Colombia 307.4
42 Singapore 305.7
43 Chile 263.2
44 Finland 251.5
45 Bangladesh 250
46 Queensland 247.4 State of Australia
47 Vietnam 215.9
48 Venezuela 215.3
49 Portugal 211.7
50 Peru 210
51 Czech Republic 209.6
52 Romania 204.9
53 Greece 204.3
54 New Zealand 200.8
55 Iraq 192.6
56 Western Australia 186.9 State of Australia
57 Algeria 175.5
58 Qatar 166.3
59 Kazakhstan 156.2
60 Hungary 132
61 Angola 124
62 Sudan 119
63 Kuwait 118.3
64 Morocco 110.7
65 Ukraine 104
66 Puerto Rico 103.2
67 Ecuador 98.5
68 Slovak Republic 95
69 Sri Lanka 83.5
70 South Australia 81.6 State of Australia
71 Ethiopia 79.7
72 Kenya 78.4
73 Dominican Republic 74.8
74 Oman 71.9
75 Guatemala 70.8
76 Uzbekistan 67.5
77 Myanmar 66.9
78 Luxembourg 63.5
79 Uruguay 60.2
80 Panama 59
81 Costa Rica 58.9
82 Bulgaria 55.9
83 Croatia 53.4
84 Belarus 52.7
85 Lebanon 52.7
86 Tanzania 51.6
87 Macao SAR 51.1
88 Slovenia 48
89 Lithuania 46.6
90 Ghana 45.4
91 Turkmenistan 41.6
92 Jordan 40.44
93 DR Congo 40.41
94 Côte d'Ivoire 39.9
95 Tunisia 39.8
96 Serbia 39.3
97 Azerbaijan 39.2
98 Bolivia 37.7
99 Bahrain 33.8
100 Libya 33.3
101 Cameroon 30.6
102 Australian Capital Territory 301 State of Australia
103 Latvia 30.1
104 Paraguay 28.7
105 El Salvador 27.4
106 Uganda 26.4
107 Estonia 25.6
108 Yemen 25.6
109 Zambia 25.5
110 Iceland 24.8
111 Nepal 24
112 Tasmania 22.9
113 Honduras 22.6
114 Cambodia 22.2
115 Papua New Guinea 21.8
116 Cyprus 21.1
117 Afghanistan 21
118 Northern Territory 20.4 State of Australia
119 Trinidad and Tobago 20.3
120 Bosnia and Herzegovina 17.4
121 Lao P.D.R. 17.15
122 Zimbabwe 17.10
123 Botswana 16.7
124 Senegal 16
125 Georgia 15.2
126 Mali 14.9
127 Gabon 14.4
128 Jamaica 14.2
129 Nicaragua 13.7
130 Burkina Faso 13.2
131 Albania 13
132 Namibia 12.5
133 Mozambique 12.3
134 Mauritius 12.2
135 Malta 12
136 Brunei Darussalam 11.9
137 FYR Macedonia 11.4
138 Armenia 11
139 Mongolia 10.8
140 Madagascar 10.5
141 Equatorial Guinea 10
142 Chad 9.7
143 Benin 9.4
144 Guinea 9.18
145 The Bahamas 9.12
146 Rwanda 8.9
147 Haiti 8.3
148 Moldova 7.9
149 Niger 7.8
150 Republic of Congo 7.7
151 Tajikistan 7.2
152 Kyrgyz Republic 7
153 Kosovo 6.6
154 Somalia 6.5
155 Malawi 6.2
156 Eritrea 6
157 Fiji 5
158 Mauritania 4.9
159 Barbados 4.8
160 Togo 4.7
161 Maldives 4.5
162 Montenegro 4.4
163 Swaziland 4
164 Sierra Leone 3.9
165 Suriname 3.6
166 Guyana 3.5
167 Burundi 3.3
168 South Sudan 2.9
169 Lesotho 2.72
170 Timor-Leste 2.71
171 Bhutan 2.3
172 Liberia 2.1
173 Djibouti 2
174 Central African Republic 1.9
175 Belize 1.8
176 Cabo Verde 1.7
177 St. Lucia 1.7
178 San Marino 1.6
179 Antigua and Barbuda 1.5
180 Seychelles 1.4
181 Guinea-Bissau 1.3
182 Solomon Islands 1.2
183 Grenada 1.1
184 The Gambia 1
Going by that list even Australian states can match it with the rest of the world lol.
https://www.domain.com.au/money-mar...d-with-the-rest-of-the-world-20180129-h0onmo/
“We’ve had a good run with the whole Federation thing, but, after 117 years, let’s do our own thing”… or words to that effect.
State of origin footy and cricket would probably take on even more significance, but what about the economic side of things? How would that stack up?
If we simply pull Australia out of the latest International Monetary Fund national gross domestic product rankings and crudely drop in the eight Australian states and territories, we can see what we’re dealing with.
As you’d imagine, all Australian states and territories punch well above their weight when it comes to per capita economic output. In fact, Victoria claims 39th spot on the list despite having just 5.5 per cent of the population of the country one spot ahead.
NSW would have a greater GDP than Greece and New Zealand combined, Victoria would rank between the Philippines and Malaysia, Queensland would outrank Finland, Western Australia would sit just behind Iraq, and South Australia would be nipping at the heels of Ethiopia, in terms of economic output.
Australia’s largest state economy, NSW, would slot in at 26th place if it were a country, squeezing out Thailand – not bad when you consider Thailand’s 68.8 million population compared with just 7.5 million in NSW.
Where each state's economy would rank if it were a country
Country/ Australian State
1 United States 19,362.1
2 China 11,937.5
3 Japan 4,884.4
4 Germany 3,651.8
5 France 2,574.8
6 United Kingdom 2,565
7 India 2,439
8 Brazil 2,081
9 Italy 1,921.1
10 Canada 1,640.4
11 Korea 1,529.7
12 Russia 1,469.3
13 Australia 1,390.1
14 Spain 1,307.2
15 Mexico 1,142.4
16 Indonesia 1,010.9
17 Turkey 841.2
18 Netherlands 824.5
19 Switzerland 680.6
20 Saudi Arabia 678.5
21 Argentina 619.9
22 Taiwan 571.4
23 Sweden 541.9
24 Poland 509.9
25 Belgium 491.7
26 New South Wales 447.2 State of Australia
27 Thailand 437.8
28 Islamic Republic of Iran 427.6
29 Austria 409.3
30 Nigeria 394.8
31 Norway 392
32 United Arab Emirates 378.6
33 Israel 348
34 South Africa 344.1
35 Hong Kong SAR 334.1
36 Ireland 325.6
37 Denmark 324.1
38 Philippines 321.2
39 Victoria 319.8 State of Australia
40 Malaysia 309.8
41 Colombia 307.4
42 Singapore 305.7
43 Chile 263.2
44 Finland 251.5
45 Bangladesh 250
46 Queensland 247.4 State of Australia
47 Vietnam 215.9
48 Venezuela 215.3
49 Portugal 211.7
50 Peru 210
51 Czech Republic 209.6
52 Romania 204.9
53 Greece 204.3
54 New Zealand 200.8
55 Iraq 192.6
56 Western Australia 186.9 State of Australia
57 Algeria 175.5
58 Qatar 166.3
59 Kazakhstan 156.2
60 Hungary 132
61 Angola 124
62 Sudan 119
63 Kuwait 118.3
64 Morocco 110.7
65 Ukraine 104
66 Puerto Rico 103.2
67 Ecuador 98.5
68 Slovak Republic 95
69 Sri Lanka 83.5
70 South Australia 81.6 State of Australia
71 Ethiopia 79.7
72 Kenya 78.4
73 Dominican Republic 74.8
74 Oman 71.9
75 Guatemala 70.8
76 Uzbekistan 67.5
77 Myanmar 66.9
78 Luxembourg 63.5
79 Uruguay 60.2
80 Panama 59
81 Costa Rica 58.9
82 Bulgaria 55.9
83 Croatia 53.4
84 Belarus 52.7
85 Lebanon 52.7
86 Tanzania 51.6
87 Macao SAR 51.1
88 Slovenia 48
89 Lithuania 46.6
90 Ghana 45.4
91 Turkmenistan 41.6
92 Jordan 40.44
93 DR Congo 40.41
94 Côte d'Ivoire 39.9
95 Tunisia 39.8
96 Serbia 39.3
97 Azerbaijan 39.2
98 Bolivia 37.7
99 Bahrain 33.8
100 Libya 33.3
101 Cameroon 30.6
102 Australian Capital Territory 301 State of Australia
103 Latvia 30.1
104 Paraguay 28.7
105 El Salvador 27.4
106 Uganda 26.4
107 Estonia 25.6
108 Yemen 25.6
109 Zambia 25.5
110 Iceland 24.8
111 Nepal 24
112 Tasmania 22.9
113 Honduras 22.6
114 Cambodia 22.2
115 Papua New Guinea 21.8
116 Cyprus 21.1
117 Afghanistan 21
118 Northern Territory 20.4 State of Australia
119 Trinidad and Tobago 20.3
120 Bosnia and Herzegovina 17.4
121 Lao P.D.R. 17.15
122 Zimbabwe 17.10
123 Botswana 16.7
124 Senegal 16
125 Georgia 15.2
126 Mali 14.9
127 Gabon 14.4
128 Jamaica 14.2
129 Nicaragua 13.7
130 Burkina Faso 13.2
131 Albania 13
132 Namibia 12.5
133 Mozambique 12.3
134 Mauritius 12.2
135 Malta 12
136 Brunei Darussalam 11.9
137 FYR Macedonia 11.4
138 Armenia 11
139 Mongolia 10.8
140 Madagascar 10.5
141 Equatorial Guinea 10
142 Chad 9.7
143 Benin 9.4
144 Guinea 9.18
145 The Bahamas 9.12
146 Rwanda 8.9
147 Haiti 8.3
148 Moldova 7.9
149 Niger 7.8
150 Republic of Congo 7.7
151 Tajikistan 7.2
152 Kyrgyz Republic 7
153 Kosovo 6.6
154 Somalia 6.5
155 Malawi 6.2
156 Eritrea 6
157 Fiji 5
158 Mauritania 4.9
159 Barbados 4.8
160 Togo 4.7
161 Maldives 4.5
162 Montenegro 4.4
163 Swaziland 4
164 Sierra Leone 3.9
165 Suriname 3.6
166 Guyana 3.5
167 Burundi 3.3
168 South Sudan 2.9
169 Lesotho 2.72
170 Timor-Leste 2.71
171 Bhutan 2.3
172 Liberia 2.1
173 Djibouti 2
174 Central African Republic 1.9
175 Belize 1.8
176 Cabo Verde 1.7
177 St. Lucia 1.7
178 San Marino 1.6
179 Antigua and Barbuda 1.5
180 Seychelles 1.4
181 Guinea-Bissau 1.3
182 Solomon Islands 1.2
183 Grenada 1.1
184 The Gambia 1
Going by that list even Australian states can match it with the rest of the world lol.
https://www.domain.com.au/money-mar...d-with-the-rest-of-the-world-20180129-h0onmo/
