California recently came back to the fifth position in the list of the largest economies in the World, following US, China, Japan and Germany.
California’s gross domestic product (GDP) grew $127 billion between 2016 and 2017 to more than $2.7 trillion. Higher than Uk and France.
London is suffering the Brexit and the depreciation of the Pound, whilst California has two great and consistent assets in cinema industry and Silicon Valley. A small but significant part of this wealth comes from the agriculture and in particular from the wine production.
Of course California is not an independent country, even if some independent movements are pushing for that. But it is interesting to think how impressive is the economy of a state of Usa in comparison with the states of Europe (only Germany is better).
GDP is not the best indicator of the wealth of a country, but it defines well how a country can be powerful. And California is definitely a benchmark for high-tech and entertainment.
It is also interesting to take a look at the full list from the 15 top economies in the World:
1. United States $19.391 trillion
2. China $12.015 trillion
3. Japan $4.872 trillion
4. Germany $3.685 trillion
5. California $2.747 trillion
6. United Kingdom $2.625 trillion
7. India $2.611 trillion
8. France $2.584 trillion
9. Brazil $2.055 trillion
10. Italy $1.938 trillion
11. Texas $1.696 trillion
12. Canada $1.652 trillion
13. New York $1.547 trillion
14. South Korea $1.538 trillion
15. Russia $1.527 trillion
(From
Business Insider)