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 largest GDP among all US states. 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. The main sectors of the California economy are agriculture, technology, tourism, media (movies and TV) and trade. In 2019 both countries had nominal GDP approx. Even individual U.S. states have GDPs that rival countries many times their size. 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. India: $2.69 trillion 3.1 trillion USD. It is the market value of all goods and services produced in a country in a given period, usually a year. The main sectors of the California economy are agriculture, technology, tourism, media (movies and TV) and trade. 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. 2.7 trillion USD and GDP PPP approx. These figures are at current market rates, which means they have not been adjusted for inflation. California last had the world’s fifth largest economy in 2002 but fell as low as 10th in 2012 following the Great Recession. Can you compare different geographical regions? 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. Traditional GDP Ranking—U.S. This statistic shows the per capita real Gross Domestic Product of California from 2000 to 2019. The first map shows seven areas of the US that have the same GDP as entire countries. 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. In 2019 both countries had nominal GDP approx. Both have nearly $2.54 trillion in output. There are only four countries in the world which have bigger GDP’s than California, and Russia is not one of them. California’s Gross State Product (GSP) in 2015 was $2.589 trillion according to the United States Bureau of Economic Analysis (BEA). California is a large state in the western United States. This is a comparison between U.S. states and sovereign states' Nominal Gross Domestic … The American state with the biggest economy is California, which, in 2015, produced $2.44 trillion of economic output. It shows that California has the same size economy as France. – Cayley Clifford (21/01/2019). 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. 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. In comparison, the World Bank’s 2015 nominal GDP figures were: Compute answers using Wolfram's breakthrough technology & knowledgebase, relied on by millions of students & professionals. But is it fair to size up economies this way? 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 article was first published by AfricaCheck. Population figures based on United Nations data. * Salaries are larger. You can read the original here. Comments section policy: Any attacks on BusinessTech, its journalists, or other readers will result in a ban. Latest official GDP figures published by the World Bank. A new map shows how each US state's economy stacks up to countries … 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. - 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’s GDP was $2.798 trillion in 2017, according to the US Bureau of Economic Analysis. 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. 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. Since then, the most populous U.S. state has added 2 … Africa Check has asked Spectator Index for the source of its data. The nominal GDP of California in 2019 was around 3.1 trillion USD. “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. The GDP of Texas came in at $1.78 trillion while Canada’s followed close behind at $1.73 trillion. It makes California's economy comparable to United Kingdom or France. 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. * Population of California is smaller. 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. * No potentially hostile enemies at the border. The gross domestic product of a state is calculated every three months. UK: $2.81 trillion California’s GDP is so large it makes up 14% of the United States’ total GDP of  $19.48 trillion. Brazil: $1.91 trillion United States. California, the world’s sixth-largest economy. It could, although the actual figures differ slightly. 1. But is it fair to size up economies this way? In 2019, the per capita real GDP of California stood at 70,662 chained 2012 U.S. dollars. * Salaries are larger. Gross domestic product, or GDP, is the total value of goods and services a state or country produces over a given period. California is not only the largest state in the US by GDP, it also has the fifth largest GDP in world. 2019 Nominal GDP in Current U.S. There are only four countries in the world which have bigger GDP’s than California, and Russia is not one of them. - 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. More than this, California had a bigger economy than the UK, France, India, Brazil and Russia, the tweet said. 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. World's GDP is $80,934,771,028,340 (nominal, 2017).. See also: GDP per Capita Figures exclude Taiwan (#18, GDP 1,300,200) and special administrative regions of Hong Kong and Macau. Figures exclude Republic of Crimea and Sevastopol. 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. Africa: $2.33 trillion France: $2.79 trillion * Population of California is smaller. California's economic output is now surpassed only by the total GDP of the United States, China, Japan and Germany. 3.1 trillion USD. GDP measures the size of a country’s economy. 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). Some of the world’s largest and most famous companies contribute to the California economy, like Apple, Google, Facebook, Disney, and Chevron. Could one US state have a larger GDP than that of Africa, a continent of 55 recognised states? 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. 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. 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. 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. But is … California’s GDP was $2.798 trillion in 2017, according to the US Bureau of Economic Analysis. 2.7 trillion USD and GDP PPP approx. It’s a useful way to better understand the size of an economy. Its GDP compares favourably to that of France, which produced $2.42 trillion during the same period. The state has 12 percent of the U.S. population but contributed 16 … Read: World Bank cuts South Africa’s GDP growth for 2019. Dollar Comparison. Data and Tools: Data for state level GDP is obtained from Wikipedia for the year 2017. California’s GDP is so large it makes up 14% of the United States’ total GDP of $19.48 trillion. California’s GDP is so large it makes up 14% of the United States’ total GDP of $19.48 trillion. Dollars: $21.43 trillion 2019 PPP Adjusted … Can you compare different geographical regions? 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. * No hordes of idiots saying “californians are evil and will kill us all” in every media source they can get their hands on. U.S States GDP vs Countries - Top 10 Biggest States by GDP . The state has 12 percent of the U.S. population but contributed 16 … In 2017, the combined GDP of 54 African countries was $2.24 trillion, according to the most recent data from the African Development Bank. Using PPP , California’s economy—adjusted for cost of living—would rank eleventh in the world, according to World Bank data. 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. 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. The nominal GDP of California in 2019 was around 3.1 trillion USD. It makes California's economy comparable to United Kingdom or France. Data and Tools: Data for state level GDP is obtained from Wikipedia for the year 2017. During the past decade, California’s publicly traded companies returned 420 percent. * No hordes of idiots saying “californians are evil and will kill us all” in every media source they can get their hands on. 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. As such, the nominal GDP is typically used to measure and compare the size of national … 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. In fact, three US states have bigger GDP’s than Russia - California, Texas, and New York. 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 is one of the major economic engines of the United States. Amazingly, it required a labor force 75% larger (and 14.5 million more people) in the UK to produce the … It said the state's economy grew by 3.4% in the past year. 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. 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. For example, California’s $2.6 trillion economy is larger than all but half a dozen countries worldwide. The GDP values by state for 2019 will be available in 2020, and so on and so forth. California Was the 7th or 8th Largest Economy in World in 2014, Based on Traditional Measure. Can you compare different geographical regions? In fact, three US states have bigger GDP’s than Russia - California, Texas, and New York. 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