California’s GDP is so large it makes up 14% of the United States’ total GDP of $19.48 trillion. Traditional GDP Ranking—U.S. Data and Tools: Data for state level GDP is obtained from Wikipedia for the year 2017. These figures are at current market rates, which means they have not been adjusted for inflation. 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. 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. It could, although the actual figures differ slightly. But is it fair to size up economies this way? In fact, three US states have bigger GDP’s than Russia - California, Texas, and New York. * Population of California is smaller. 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. The gross domestic product of a state is calculated every three months. 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. This is a comparison between U.S. states and sovereign states' Nominal Gross Domestic … 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. There are only four countries in the world which have bigger GDP’s than California, and Russia is not one of them. California’s GDP was $2.798 trillion in 2017, according to the US Bureau of Economic Analysis. It shows that California has the same size economy as France. In 2017, the combined GDP of 54 African countries was $2.24 trillion, according to the most recent data from the African Development Bank. It is the market value of all goods and services produced in a country in a given period, usually a year. 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. 1. It makes California's economy comparable to United Kingdom or France. India: $2.69 trillion * Salaries are larger. There are only four countries in the world which have bigger GDP’s than California, and Russia is not one of them. Data and Tools: Data for state level GDP is obtained from Wikipedia for the year 2017. But is it fair to size up economies this way? United States. In 2019, the per capita real GDP of California stood at 70,662 chained 2012 U.S. dollars. It said the state's economy grew by 3.4% in the past year. In 2017, the combined GDP of 54 African countries was $2.24 trillion, according to the most recent data from the African Development Bank. As such, the nominal GDP is typically used to measure and compare the size of national … In fact, three US states have bigger GDP’s than Russia - California, Texas, and New York. Its GDP compares favourably to that of France, which produced $2.42 trillion during the same period. GDP measures the size of a country’s economy. It makes California's economy comparable to United Kingdom or France. Africa Check has asked Spectator Index for the source of its data. Amazingly, it required a labor force 75% larger (and 14.5 million more people) in the UK to produce the … Brazil: $1.91 trillion California is a large state in the western United States. Using PPP , California’s economy—adjusted for cost of living—would rank eleventh in the world, according to World Bank data. * No hordes of idiots saying “californians are evil and will kill us all” in every media source they can get their hands on. The main sectors of the California economy are agriculture, technology, tourism, media (movies and TV) and trade. 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. Russia: $1.65 trillion, — The Spectator Index (@spectatorindex) January 18, 2019. Even individual U.S. states have GDPs that rival countries many times their size. 3.1 trillion USD. Read: World Bank cuts South Africa’s GDP growth for 2019. 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. “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. 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. California's economic output is now surpassed only by the total GDP of the United States, China, Japan and Germany. Data for Syria's 2014 GDP is from the September 2011 WEO Database, the latest available from the IMF. Can you compare different geographical regions? California’s GDP is so large it makes up 14% of the United States’ total GDP of $19.48 trillion. 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