The map above shows just how large California’s economy is compared to almost every other country on earth. 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.
- United States: $18.036 trillion
- China: $11.007 trillion
- Japan: $4.123 trillion
- Germany: $3.363 trillion
- UK: $2.858 trillion
* Note the EU’s economy is $16.229 trillion but is split between 28 member states.
Considering California’s population is just 39.14 million people compared to India’s 1.311 billion, it makes the numbers above even more unbelievable.
In fact the numbers above are somewhat misleading. The GDP figures used are based on the official exchange rates (nominal) between the local currency and the US dollar. If the dollar goes up in value, these economies will look smaller, even if there are absolutely no changes in local economic activity.
On that basis the UK’s nominal GDP figures are now likely smaller than California’s due to the enormous drop in the value of the pound following the Brexit vote.
A more accurate way of measuring economic activity is to use purchasing power parity dollars, which factors in cost of living.
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