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Alabama's per capita GDP surpassed Canada's in 2023–2024 due to strategic investments, low unemployment, and strong manufacturing growth.
In 2023 and 2024, data from economist Trevor Tombe and the IMF showed Alabama’s per capita GDP surpassed Canada’s when adjusted for purchasing power, surprising many given Alabama’s traditional image as economically disadvantaged.
The shift is linked to strategic investments in manufacturing, biotechnology, and infrastructure, particularly in Huntsville, which attracted a $6-billion Eli Lilly plant.
Alabama’s unemployment rate of 2.7% is far below Canada’s 6.5%, and the state now produces nearly as many vehicles as Ontario.
The contrast has sparked debate over regulatory efficiency, business incentives, and economic performance, challenging long-held assumptions about North American economic strength.
El PIB per cápita de Alabama superó al de Canadá en 2023-2024 debido a las inversiones estratégicas, el bajo desempleo y el fuerte crecimiento de la manufactura.