The economy of California is the largest in the United States, boasting a $2.8 trillion gross state product as of 2017.
As a sovereign nation (2017), California would rank as the world’s fifth largest economy, ahead of the United Kingdom but behind Germany.
Why is California economy so large?
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. 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.11 May 2018
How big is California’s economy compared to the world 2017?
– California’s economy has surpassed that of the United Kingdom to become the world’s fifth largest, according to new federal data made public Friday. California’s gross domestic product rose by $127 billion from 2016 to 2017, surpassing $2.7 trillion, the data said.5 May 2018
Is California economy bigger than Canada?
America’s largest state economy is California, which produced $2.75 trillion of economic output in 2017, more than the United Kingdom’s GDP last year of $2.62 trillion. That is, it required a labor force of 6.5 million more workers in Canada to produce roughly the same output as Texas last year.8 May 2018
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