In 2019 both countries had nominal GDP approx. 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. 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. 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 main sectors of the California economy are agriculture, technology, tourism, media (movies and TV) and trade. California’s GDP was $2.798 trillion in 2017, according to the US Bureau of Economic Analysis. These figures are at current market rates, which means they have not been adjusted for inflation. GDP measures the size of a country’s economy. 3.1 trillion USD. * No potentially hostile enemies at the border. California’s GDP is so large it makes up 14% of the United States’ total GDP of $19.48 trillion. Dollar Comparison. Population figures based on United Nations data. In 2017, the combined GDP of 54 African countries was $2.24 trillion, according to the most recent data from the African Development Bank. - 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. 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. 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. Even individual U.S. states have GDPs that rival countries many times their size. 3.1 trillion USD. For example, California’s $2.6 trillion economy is larger than all but half a dozen countries worldwide. It shows that California has the same size economy as France. It makes California's economy comparable to United Kingdom or France. California Was the 7th or 8th Largest Economy in World in 2014, Based on Traditional Measure. United States. California's largest GDP among all US states. U.S States GDP vs Countries - Top 10 Biggest States by GDP . A new map shows how each US state's economy stacks up to countries around the globe. It makes California's economy comparable to United Kingdom or France. Can you compare different geographical regions? You can read the original here. 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. California’s GDP was $2.798 trillion in 2017, according to the US Bureau of Economic Analysis. In fact, three US states have bigger GDP’s than Russia - California, Texas, and New York. 2.7 trillion USD and GDP PPP approx. Figures exclude Taiwan (#18, GDP 1,300,200) and special administrative regions of Hong Kong and Macau. Comments section policy: Any attacks on BusinessTech, its journalists, or other readers will result in a ban. This article was first published by AfricaCheck. 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. World's GDP is $80,934,771,028,340 (nominal, 2017).. See also: GDP per Capita 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. 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. UK: $2.81 trillion There are only four countries in the world which have bigger GDP’s than California, and Russia is not one of them. Its GDP compares favourably to that of France, which produced $2.42 trillion during the same period. The GDP values by state for 2019 will be available in 2020, and so on and so forth. There are only four countries in the world which have bigger GDP’s than California, and Russia is not one of them. 1. In 2019 both countries had nominal GDP approx. 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. 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. 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. Since then, the most populous U.S. state has added 2 … In 2017, the combined GDP of 54 African countries was $2.24 trillion, according to the most recent data from the African Development Bank. * No hordes of idiots saying “californians are evil and will kill us all” in every media source they can get their hands on. – Cayley Clifford (21/01/2019). * Salaries are larger. This is a comparison between U.S. states and sovereign states' Nominal Gross Domestic … Some of the world’s largest and most famous companies contribute to the California economy, like Apple, Google, Facebook, Disney, and Chevron. 2.7 trillion USD and GDP PPP approx. 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. 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. In 2019, the per capita real GDP of California stood at 70,662 chained 2012 U.S. dollars. 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. California's economic output is now surpassed only by the total GDP of the United States, China, Japan and Germany. “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. * Population of California is smaller. California’s GDP is so large it makes up 14% of the United States’ total GDP of $19.48 trillion. Latest official GDP figures published by the World Bank. - 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. California is a large state in the western United States. 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. Some of the world’s largest and most famous companies contribute to the California economy, like Apple, Google, Facebook, Disney, and Chevron. Compute answers using Wolfram's breakthrough technology & knowledgebase, relied on by millions of students & professionals. In fact, three US states have bigger GDP’s than Russia - California, Texas, and New York. California’s Gross State Product (GSP) in 2015 was $2.589 trillion according to the United States Bureau of Economic Analysis (BEA). Both have nearly $2.54 trillion in output. Gross domestic product, or GDP, is the total value of goods and services a state or country produces over a given period. As such, the nominal GDP is typically used to measure and compare the size of national … 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. A new map shows how each US state's economy stacks up to countries … These figures are at current market rates, which means they have not been adjusted for inflation. Data and Tools: Data for state level GDP is obtained from Wikipedia for the year 2017. The GDP of Texas came in at $1.78 trillion while Canada’s followed close behind at $1.73 trillion. But is … This statistic shows the per capita real Gross Domestic Product of California from 2000 to 2019. France: $2.79 trillion California last had the world’s fifth largest economy in 2002 but fell as low as 10th in 2012 following the Great Recession. Brazil: $1.91 trillion * No potentially hostile enemies at the border. Could one US state have a larger GDP than that of Africa, a continent of 55 recognised states? 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. The nominal GDP of California in 2019 was around 3.1 trillion USD. 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. Data for Syria's 2014 GDP is from the September 2011 WEO Database, the latest available from the IMF. Figures released on Friday by the US Department of Commerce put California's effective GDP from 2017 at around $2.747 trillion. More than this, California had a bigger economy than the UK, France, India, Brazil and Russia, the tweet said. Read: World Bank cuts South Africa’s GDP growth for 2019. Data and Tools: Data for state level GDP is obtained from Wikipedia for the year 2017. Amazingly, it required a labor force 75% larger (and 14.5 million more people) in the UK to produce the … But is it fair to size up economies this way? 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. Traditional GDP Ranking—U.S. 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. India: $2.69 trillion The state has 12 percent of the U.S. population but contributed 16 … The American state with the biggest economy is California, which, in 2015, produced $2.44 trillion of economic output. 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