It became a proud talking point this year for the Brown administration and other Democratic leaders: California’s gross domestic product had beaten out Brazil, giving the Golden State the honor of having the world’s seventh largest economy.
Last week we were knocked down a notch.
Revised numbers from the World Bank show that Brazil’s economic output slightly overcame California’s GDP in 2014, with $2.31 trillion for California and $2.35 trillion for Brazil.
With 41 paid vacation days a year, Brazil is not exactly one of the most productive countries on Earth. But it has 200 million people — five times as many as California.
The downgrade of California is not due to a drop in its economic output, rather an increase in the GDP of Brazil.
View Article