California Blows Past France And Becomes The World’s 6th-Largest Economy

Move aside France—California, pushed forward by strong growth and a rising dollar, is now the world’s sixth-largest economy.

The most populous state in the Union has a GDP of $2.5 trillion, according to state data released Tuesday, which puts it above recession-weary Brazil, Bloomberg reports. Not bad for California, which has a population of less than 40 million people, considering Brazil’s economy is fueled by over 200 million.

California’s economy grew by 4.1% last year, nearly double the 2.4% growth achieved by the US at large, and on top of that California created the most jobs of any state—more than the second and third most populous states combined. [Bloomberg]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

REPORT: Amazon Eyes Next Industrial Push With Plans To Expand Same-Day Deliveries

Fed Raises Benchmark Rate, Intensifying Borrowing Cost Blues

Stockdale Hires Fortress Exec To Launch Debt Business

Inside The Nationwide Jockeying For Opportunity Zones 2.0

GTIS Partners Rebrands As Brightshore Capital, Launches $250M Debt Platform

Data Center Spills 5,000 Gallons Of Fuel Into New Jersey River

Hines And Rialto Close Office Credit Fund At $1.1B

Chipotle Adding Hundreds Of New Locations Worldwide

'Beyond A Routine Wobble': 10-Year Treasury Clears 5% Ahead Of Key Fed Meeting

Trump's DEI Crackdown Is Creating New Risks For Landlords That Lease To The Government

Airbnb Launches $250M Fund To Invest In Affordable Housing

Brookfield Buys Minority Stake In Hyperscale Data Center Developer AREP