12/24/2024

We’re No. 8: California Near Top of World’s Largest Economies

If California were a country, it would have the eighth-largest economy in the world, maintaining its ranking from July 2014.

The latest figures for 2014 from the World Bank show that Brazil claimed seventh place with a gross domestic product of $2.346 trillion. California’s gross state product, which is comparable to GDP, was $2.312 trillion, according to a report released last month by the U.S. Bureau of Economic Analysis.

There’s a good chance that California could outstrip Brazil when the 2014 data are revised, said Stephen Levy, directorof the Center for Continuing Study of the California Economy in Palo Alto.

View Article