Tuesday, May 29, 2012

Thursday, May 24, 2012

California's economy is the eighth largest economy

California's economy is the eighth largest economy in the world (2011), if the states of the U.S. were compared with other countries. As of 2010, the gross state product (GSP) is about $1.9 trillion, which is 13% of the United States gross domestic product (GDP). The state's GDP growth rate slowed to 0.4% in 2008 after having grown 3.1% in 2006 and 1.8% in 2007.

California economy among world economies

Gross domestic product in $ trillions
RankCountry / StateGDP
1United States (without California)12.3
2Japan5.07
3China4.98
4Germany3.33
5France2.65
6United Kingdom2.17
7Italy2.11
8California1.89
9Brazil1.57
10Spain1.46

http://en.wikipedia.org/wiki/Economy_of_California

http://econpost.com/californiaeconomy/california-economy-ranking-among-world-economies