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- California has the largest economy of any US state.
- If it were its own nation, California would have the fifth-largest economy in the world.
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California is one of the major economic engines of the United States.
With a population of more than 39 million people, the Golden State has the most people of any US state, driving many of the nation’s cultural trends.
The state has an incredibly diverse economy, with Hollywood, Silicon Valley, manufacturing, and agriculture making significant contributions.
With such a dynamic economy, California is full of mind-blows facts and figures, so here’s 15 of them:
California would be the fifth largest economy in the world
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If California were its own nation, it would be the fifth largest economy in the world. With a GDP of $2.9 trillion, California would slot between Germany and the United Kingdom in the world’s top economies.
The Golden State makes up 14% of the US economy
Source: Forbes
The Bay Area ranks 19th in the world in economic activity
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While California would be an economic force as its own nation, so too would the Bay Area alone.
With a GDP of $535 billion, the San Francisco Bay Area would rank 19th in the world when ranked against national economies.
The Bay Area is home to 7 million people in nine counties and 101 cities, including San Francisco, Oakland, and San Jose.
The $74,815 GDP per capita is more than London and Singapore.
Source: French-American Chamber of Commerce
Despite its massive GDP, California has been ranked the fourth-best economy in the US
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California was ranked the fourth-best US state economy by the personal finance website Wallet Hub.
Despite having a GDP that would rank among the largest in the world, the ranking looked at more than the crucial number.
The state was hampered by its ranking of 32nd in economic health, which looks at unemployment, underemployment, payroll change, poverty rate, foreclosure rate, and uninsured population.
Source: Wallet Hub
See the rest of the story at Business Insider
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Source: Business Insider – jgarber@businessinsider.com (Jonathan Garber)