03/29/2024

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.

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