2.7 trillion USD and GDP PPP approx. 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. In 2019 both countries had nominal GDP approx. The state has 12 percent of the U.S. population but contributed 16 … California’s GDP is so large it makes up 14% of the United States’ total GDP of $19.48 trillion. Can you compare different geographical regions? 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. It makes California's economy comparable to United Kingdom or France. In fact, three US states have bigger GDP’s than Russia - California, Texas, and New York. For example, California’s $2.6 trillion economy is larger than all but half a dozen countries worldwide. Population figures based on United Nations data. 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). Tech industries have certainly boosted the Golden State’s economy—The Guardian recently noted how Silicon Valley alone would be one of the world’s richest countries. The first map shows seven areas of the US that have the same GDP as entire countries. Data and Tools: Data for state level GDP is obtained from Wikipedia for the year 2017. 2.7 trillion USD and GDP PPP approx. Could one US state have a larger GDP than that of Africa, a continent of 55 recognised states? California Was the 7th or 8th Largest Economy in World in 2014, Based on Traditional Measure. - GDP higher than: 208 of 212 countries - GDP equal to: United Kingdom ($2.9 trillion) plus Kuwait ($140.6 billion) California has the country’s highest GDP. It’s a useful way to better understand the size of an economy. It is the market value of all goods and services produced in a country in a given period, usually a year. * No hordes of idiots saying “californians are evil and will kill us all” in every media source they can get their hands on. * Salaries are larger. Some of the world’s largest and most famous companies contribute to the California economy, like Apple, Google, Facebook, Disney, and Chevron. There are only four countries in the world which have bigger GDP’s than California, and Russia is not one of them. It has an elongated shape in the meridional direction, in the west bordering the Pacific Ocean, in the south - with Mexico, in the north and east - with other US states. But is it fair to size up economies this way? There are only four countries in the world which have bigger GDP’s than California, and Russia is not one of them. GDP measures the size of a country’s economy. Traditional GDP Ranking—U.S. India: $2.69 trillion * No hordes of idiots saying “californians are evil and will kill us all” in every media source they can get their hands on. 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. During the past decade, California’s publicly traded companies returned 420 percent. Dollar Comparison. Dollars: $21.43 trillion 2019 PPP Adjusted … 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. In 2019 both countries had nominal GDP approx. Brazil: $1.91 trillion This is a comparison between U.S. states and sovereign states' Nominal Gross Domestic … 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. Amazingly, it required a labor force 75% larger (and 14.5 million more people) in the UK to produce the … In 2017, the combined GDP of 54 African countries was $2.24 trillion, according to the most recent data from the African Development Bank. The GDP of Texas came in at $1.78 trillion while Canada’s followed close behind at $1.73 trillion. You can read the original here. 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. It makes California's economy comparable to United Kingdom or France. But is it fair to size up economies this way? The nominal GDP of California in 2019 was around 3.1 trillion USD. Data and Tools: Data for state level GDP is obtained from Wikipedia for the year 2017. The American state with the biggest economy is California, which, in 2015, produced $2.44 trillion of economic output. But is … 1. 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. These figures are at current market rates, which means they have not been adjusted for inflation. California is now the world’s fifth-largest economy, according to data released Friday morning, May 4, 2018, by the U.S. Department of Commerce. 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. Figures exclude Taiwan (#18, GDP 1,300,200) and special administrative regions of Hong Kong and Macau. In fact, three US states have bigger GDP’s than Russia - California, Texas, and New York. - GDP higher than: 208 of 212 countries - GDP equal to: United Kingdom ($2.9 trillion) plus Kuwait ($140.6 billion) California has the country’s highest GDP. 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. 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. Even individual U.S. states have GDPs that rival countries many times their size. A new map shows how each US state's economy stacks up to countries around the globe. 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 main sectors of the California economy are agriculture, technology, tourism, media (movies and TV) and trade. California's economic output is now surpassed only by the total GDP of the United States, China, Japan and Germany. * Population of California is smaller. California's largest GDP among all US states. 2019 Nominal GDP in Current U.S. Comments section policy: Any attacks on BusinessTech, its journalists, or other readers will result in a ban. * No potentially hostile enemies at the border. 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California (United States) 80,563 7 Washington (United States) 80,170 8 Delaware (United … Using PPP , California’s economy—adjusted for cost of living—would rank eleventh in the world, according to World Bank data. … Data for Syria's 2014 GDP is from the September 2011 WEO Database, the latest available from the IMF. U.S States GDP vs Countries - Top 10 Biggest States by GDP . Depending on how you measure it, only the UK, Germany, Japan, China and of course the United States itself, have larger economies than California’s. Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in the third quarter of 2020, as real GDP for the nation increased at an annual rate of 33.4 percent. Tech industries have certainly boosted the Golden State’s economy—The Guardian recently noted how Silicon Valley alone would be one of the world’s richest countries. As such, the nominal GDP is typically used to measure and compare the size of national … It could, although the actual figures differ slightly. California’s GDP was $2.798 trillion in 2017, according to the US Bureau of Economic Analysis. More than this, California had a bigger economy than the UK, France, India, Brazil and Russia, the tweet said. Figures released on Friday by the US Department of Commerce put California's effective GDP from 2017 at around $2.747 trillion. Can you compare different geographical regions? United States. France: $2.79 trillion * Population of California is smaller. This statistic shows the per capita real Gross Domestic Product of California from 2000 to 2019. Since then, the most populous U.S. state has added 2 … Africa Check has asked Spectator Index for the source of its data. This article was first published by AfricaCheck. Latest official GDP figures published by the World Bank. Africa: $2.33 trillion An alternative international GDP comparison uses purchasing power parity (PPP) instead of exchange rates to attempt to adjust for differences in living costs across countries. In 2017, the combined GDP of 54 African countries was $2.24 trillion, according to the most recent data from the African Development Bank. California’s GDP is so large it makes up 14% of the United States’ total GDP of $19.48 trillion. Gross domestic product, or GDP, is the total value of goods and services a state or country produces over a given period. California’s GDP is so large it makes up 14% of the United States’ total GDP of  $19.48 trillion. 3.1 trillion USD. 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. Read: World Bank cuts South Africa’s GDP growth for 2019. * Salaries are larger. California last had the world’s fifth largest economy in 2002 but fell as low as 10th in 2012 following the Great Recession. California is not only the largest state in the US by GDP, it also has the fifth largest GDP in world. Figures exclude Republic of Crimea and Sevastopol. 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. The GDP values by state for 2019 will be available in 2020, and so on and so forth. In comparison, the World Bank’s 2015 nominal GDP figures were: Meanwhile, as border issues heat up down south in Texas, the state could trade its local economy for that of our northern border friends in Canada. These figures are at current market rates, which means they have not been adjusted for inflation. – Cayley Clifford (21/01/2019). The main sectors of the California economy are agriculture, technology, tourism, media (movies and TV) and trade. 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. California, the world’s sixth-largest economy. The gross domestic product of a state is calculated every three months. The nominal GDP of California in 2019 was around 3.1 trillion USD. California’s GDP was $2.798 trillion in 2017, according to the US Bureau of Economic Analysis. California is one of the major economic engines of the United States. It said the state's economy grew by 3.4% in the past year. California is a large state in the western United States. In 2019, the per capita real GDP of California stood at 70,662 chained 2012 U.S. dollars. 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. * No potentially hostile enemies at the border. Russia: $1.65 trillion, — The Spectator Index (@spectatorindex) January 18, 2019. Some of the world’s largest and most famous companies contribute to the California economy, like Apple, Google, Facebook, Disney, and Chevron. 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. 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. Comparing the GDP of different geographical regions was accepted practice, Grieve Chelwa, who lectures economics at the University of Cape Town’s Graduate School of Business, previously told Africa Check. A new map shows how each US state's economy stacks up to countries … World's GDP is $80,934,771,028,340 (nominal, 2017).. See also: GDP per Capita California's economic output is now surpassed only by the total GDP of the United States, China, Japan and Germany. California’s Gross State Product (GSP) in 2015 was $2.589 trillion according to the United States Bureau of Economic Analysis (BEA). “For example, it’s far easier if I say ‘if California were a country it would be the xth largest country by economy’ than if I gave you some absolute statement about the actual size of California’s GDP,” said Chelwa. 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