03/29/2024

Opps. California Doesn’t Have the World’s 7th Largest Economy After All

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.

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