How much is America’s land worth? <- $14.488 trillion, according to this piece.
According to the World Bank, the USA’s GDP at 2012 was 10.6 times Australia’s.
Table 61 in Australian Bureau of Statistics Catalogue 5204.0 shows our total land prices to be 3.6841 billion.
Could that suggest, all things being equal, maybe US land values could be as high as 3.6841 x 10.6 = 39 billion?
Oh, wait on, all things aren’t equal: the US has had its real estate bust, and Australia hasn’t – yet. However, I don’t think the US decline would have averaged 63%.
Maybe Australians are simply better land speculators that US citizens? Maybe the US could learn a few things from the Australian tax system about to assist their rent-seekers even further?