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Ralphie Bruber

Joined: 07/18/2014 Posts: 13612
Likes: 4509

California's economy is now the 5th-biggest in the world...

... and has overtaken the United Kingdom.

California's economy is so large, and has grown so quickly, that it is now the fifth-biggest in the world all by itself, according to US government data.

Figures released on Friday by the US Department of Commerce put California's effective GDP from 2017 at around $2.747 trillion. It said the state's economy grew by 3.4% in the past year.

That growth puts it ahead of the United Kingdom, which has a GDP of $2.625 trillion, according to data published last month by the International Monetary Fund.

Thanks, Jerry Brown! .... and greatest of modern Presidents, Barack Obama!

Here is how the 15 largest world economies look if you also include US states (in bold) as separate entities:

1. United States $19.391 trillion
2. China $12.015 trillion
3. Japan $4.872 trillion
4. Germany $3.685 trillion
5. California $2.747 trillion
6. United Kingdom $2.625 trillion
7. India $2.611 trillion
8. France $2.584 trillion
9. Brazil $2.055 trillion
10. Italy $1.938 trillion
11. Texas $1.696 trillion
12. Canada $1.652 trillion
13. New York $1.547 trillion
14. South Korea $1.538 trillion
15. Russia $1.527 trillion

According to the Associated Press, California's boom has been especially pronounced because of its thriving tech, entertainment and agricultural industries.

The difference is even more stark in light of the respective economies' populations: Britain has around 66 million inhabitants, compared to California's 40 million.

The United Kingdom has experienced sluggish growth in the past year and many consider its future economic prospects in peril because of its impending exit from the European Union, characterized by fraught negotiations.

It also highlighted currency fluctuations which helped increase the US dollar figure for California's economy at the expense of Britain's.

(In response to this post by bufffantheman)

Link: Business Insider

Posted: 11/07/2018 at 9:23PM


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Current Thread:
What does it mean to be like California? -- bufffantheman 11/07/2018 1:50PM
  Its a density issue -- IdaBuff 11/08/2018 11:28AM
  Re: There is also impact on home prices ** -- CUKev 11/08/2018 2:03PM
  Thats fair and accurate ** -- bufffantheman 11/08/2018 11:55AM
  And there you have it -- bufffantheman 11/08/2018 10:15AM
  California's economy is now the 5th-biggest in the world... -- Ralphie Bruber 11/07/2018 9:23PM
  Here you go... -- Ralphie Bruber 11/07/2018 9:08PM
  California gives more than it takes -- JeffCoBuff 11/08/2018 03:23AM
  Don't forget pollution, insane traffic, and Lavar Ball ** -- Buff Fan for Life 11/07/2018 9:09PM
  California, Moe... not your basement! -- Ralphie Bruber 11/07/2018 9:00PM
  Makes me think of Sunshine -- BarkingDogBuff 11/07/2018 4:22PM
  Couldn't make the pitch. Down with California ** -- bufffantheman 11/07/2018 4:26PM
  Hey! He got the game ball -- BarkingDogBuff 11/07/2018 5:13PM
  Thus my question -- bufffantheman 11/07/2018 3:34PM
  And there is this -- McKelvie 11/07/2018 8:49PM
  Forbes... enough said. Stupid article, trust me -- buffdad 11/07/2018 9:05PM
  One way to look at it reveals that perception -- buffdad 11/07/2018 2:59PM
  Diverse economy = strong economy ** -- Ralphie Bruber 11/07/2018 3:29PM
  Then, compared to Colorado's economy... -- buffdad 11/07/2018 3:03PM
  Re: It goes back a long way... -- CUKev 11/07/2018 2:34PM
  Do you mean the 10 cent per gallon gas tax? -- CUKev 11/07/2018 7:25PM
  Taj Mahal? The last high school built in Boulder County -- buffaloaded 11/07/2018 10:59PM
  Young, educated people are flocking to the front range.. -- Ralphie Bruber 11/07/2018 2:50PM
  The Colorado vote seemed odd -- McKelvie 11/07/2018 4:51PM
  Well, it's not the ocean, that's for sure.... ** -- Gateway 11/07/2018 1:57PM

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