Some of the world’s largest and most famous companies contribute to the California economy, like Apple, Google, Facebook, Disney, and Chevron. It shows that California has the same size economy as France. The gross domestic product of a state is calculated every three months. This is a comparison between U.S. states and sovereign states' Nominal Gross Domestic Product based on International Monetary Fund and Bureau of Economic Analysis data as many of the states of the United States have large gross domestic product (called gross state product) which would rank highly on a list of countries' world GDP. Russia: $1.65 trillion, — The Spectator Index (@spectatorindex) January 18, 2019. Figures exclude Republic of Crimea and Sevastopol. We’ve previously fact checked a number of claims from this account but have not received a response to requests for the source of its information. * No hordes of idiots saying “californians are evil and will kill us all” in every media source they can get their hands on. The US state of California has a larger gross domestic product than that of all African countries put together, a popular Twitter account claimed in January 2019. During the past decade, California’s publicly traded companies returned 420 percent. It makes California's economy comparable to United Kingdom or France. America’s largest state economy is California, which produced nearly $3 trillion of economic output in 2018, more than the United Kingdom’s GDP last year of $2.8 trillion. UK: $2.81 trillion Comments section policy: Any attacks on BusinessTech, its journalists, or other readers will result in a ban. In comparison, the World Bank’s 2015 nominal GDP figures were: Analysts have previously told Africa Check that while GDP at market rates does not always reflect the cost of living in a country, it is the most appropriate measure to get a sense of the size of an economy. * Salaries are larger. California’s GDP is so large it makes up 14% of the United States’ total GDP of $19.48 trillion. California's economic output is now surpassed only by the total GDP of the United States, China, Japan and Germany. This is a comparison between U.S. states and countries by Gross Domestic Product (PPP).Many of the states of the United States have large Gross Domestic Product (called gross state product) which would rank highly on a list of countries world GDP.All data is for the year 2017. It makes California's economy comparable to United Kingdom or France. Can you compare different geographical regions? This article was first published by AfricaCheck. California is a large state in the western United States. In this blog post, we discuss one of the most common questions we are asked—how California's economy compares with that of major countries around the world—based on the preliminary 2014 GDP data. Traditional GDP Ranking—U.S. 2.7 trillion USD and GDP PPP approx. In fact, three US states have bigger GDP’s than Russia - California, Texas, and New York. 2.7 trillion USD and GDP PPP approx. Its GDP compares favourably to that of France, which produced $2.42 trillion during the same period. Even individual U.S. states have GDPs that rival countries many times their size. Compute answers using Wolfram's breakthrough technology & knowledgebase, relied on by millions of students & professionals. The U.S. Bureau of Economic Analysis reported last month that California's GDP was $2.5 trillion in 2015, up 4.1 percent from a year earlier. In 2017, the combined GDP of 54 African countries was $2.24 trillion, according to the most recent data from the African Development Bank. Figures exclude Taiwan (#18, GDP 1,300,200) and special administrative regions of Hong Kong and Macau. The US state of California has a larger gross domestic product than that of all African countries put together, a popular Twitter account claimed in January 2019. California last had the world’s fifth largest economy in 2002 but fell as low as 10th in 2012 following the Great Recession. California's largest GDP among all US states. France: $2.79 trillion * Salaries are larger. 3.1 trillion USD. There are only four countries in the world which have bigger GDP’s than California, and Russia is not one of them. In a tweet to its nearly 900,000 followers The Spectator Index said the state’s GDP was US$2.9 trillion, and Africa’s $2.33 trillion. 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Dollars: $21.43 trillion 2019 PPP Adjusted … The main sectors of the California economy are agriculture, technology, tourism, media (movies and TV) and trade. Since an annual GDP value cannot be determined until the year in focus comes to an end, the most recent GDP reports reflect the outcomes of 2018. These figures are at current market rates, which means they have not been adjusted for inflation. Population figures based on United Nations data. In 2019 both countries had nominal GDP approx. You can read the original here. California’s GDP was $2.798 trillion in 2017, according to the US Bureau of Economic Analysis. 1. Dollar Comparison. Africa Check has asked Spectator Index for the source of its data. The U.S. Bureau of Economic Analysis reported last month that California’s GDP was $2.5 trillion in 2015, up 4.1 percent from a year earlier. Consider this: California has a labor force of 19.6 million compared to the labor force in the UK of 34 million (World Bank data here). It’s a useful way to better understand the size of an economy. 2019 Nominal GDP in Current U.S. * Population of California is smaller. The American state with the biggest economy is California, which, in 2015, produced $2.44 trillion of economic output. World's GDP is $80,934,771,028,340 (nominal, 2017).. See also: GDP per Capita America's largest state economy is California, which produced $2.44 trillion of economic output in 2015, just slightly above the GDP of France during the same period of $2.42 trillion. Data and Tools: Data for state level GDP is obtained from Wikipedia for the year 2017. Some of the world’s largest and most famous companies contribute to the California economy, like Apple, Google, Facebook, Disney, and Chevron. California is one of the major economic engines of the United States. America’s largest state economy is California, which produced nearly $3 trillion of economic output in 2018, more than the United Kingdom’s GDP last year of $2.8 trillion. The first map shows seven areas of the US that have the same GDP as entire countries. India: $2.69 trillion Brazil: $1.91 trillion Data and Tools: Data for state level GDP is obtained from Wikipedia for the year 2017. America’s largest state economy is California, which produced nearly $3 trillion of economic output in 2018, more than the United Kingdom’s GDP last year of $2.8 trillion. … * Population of California is smaller. It is the market value of all goods and services produced in a country in a given period, usually a year. As such, the nominal GDP is typically used to measure and compare the size of national … These figures are at current market rates, which means they have not been adjusted for inflation. Amazingly, it required a labor force 75% larger (and 14.5 million more people) in the UK to produce the … California’s GDP is so large it makes up 14% of the United States’ total GDP of  $19.48 trillion. California Was the 7th or 8th Largest Economy in World in 2014, Based on Traditional Measure. It said the state's economy grew by 3.4% in the past year. 3.1 trillion USD. The nominal GDP of California in 2019 was around 3.1 trillion USD. For example, California’s $2.6 trillion economy is larger than all but half a dozen countries worldwide. The U.S. Bureau of Economic Analysis reported last month that California’s GDP was $2.5 trillion in 2015, up 4.1 percent from a year earlier. California's economic output is now surpassed only by the total GDP of the United States, China, Japan and Germany. The state has 12 percent of the U.S. population but contributed 16 … GDP measures the size of a country’s economy. The GDP of Texas came in at $1.78 trillion while Canada’s followed close behind at $1.73 trillion. California (United States) 80,563 7 Washington (United States) 80,170 8 Delaware (United … Comparison between U.S. states and countries by GDP (nominal), Comparison between U.S. states and countries by GDP (PPP), Comparison between U.S. states and sovereign states by GDP per capita, List of countries by GDP (nominal) per capita, List of countries by GDP (PPP) per capita, List of regions by past GDP (PPP) per capita, List of countries by future GDP (nominal) estimates, List of countries by past and future GDP (nominal), "Report for Selected Country Groups and Subjects", "Gross domestic product (GDP) by state (millions of current dollars)", List of top international rankings by country, https://en.wikipedia.org/w/index.php?title=Comparison_between_U.S._states_and_sovereign_states_by_GDP&oldid=1000590466, Creative Commons Attribution-ShareAlike License, This page was last edited on 15 January 2021, at 19:53. 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