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B 's avatar
B 2 months ago
Population size accounts for most of it. The population of Florida is roughly close to Australia and the output is roughly the same. China is an outlier but that is because it’s only recently (few decades) moved from third world economic status to a powerhouse. GDP per capita could help explain more, as would a debt chart overlayed on this one (and a debt per capita on the gdp per capita chart).
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