Anyways, I did a bit of researching of the World economy and it says that California surpassed France (poor French :-? ) in 2000-2001 to become the 5th largest economy in the world according to the Los Angeles Economic Development Corporation. And if Los Angeles County was a country, it would be the 19th largest economy in the world (though I’m unsure where New York City would place).
For some quick facts of California
- Fifth largest economy in the world (as said already)
- Gross State Product is $1.4 trillion (enough to make Bill Gates shiver)
- State’s economy is the largest of all U.S. states (well until Texas starts bulking up…)
- State’s economy represents 13% of nation’s economy
- Largest population of all U.S. States (reason for 13% of nation’s economy)
Here’s what Gray Davis (our incompetent Governor :P ) had to say,
“In 1999, we were the world’s 7th largest economy. In 2000, we were the world’s 6th largest economy. And in 2001, we became the world’s 5th largest economy. In a recent meeting with Tony Blair, the Prime Minister of England, I told him that we had England in our sights, and would soon overtake them as the 4th largest economy in the world.”
Here’s how the world economy measures up (these stats are from 1999, so some countries might have been juxtaposed as compared with today
No Nation GDP1 Per Capita GDP Real Growth2
1 United States (boo-yah! 8)) $ 9,299 bln. $34,108 5.0%
2 China 4,800 bln. 3,850 7.0%
3 Japan 2,950 bln. 23,379 0.3%
4 Germany 1,864 bln. 22,708 1.5%
5 India 1,805 bln. 1,803 5.5%
6 France 1,373 bln. 23,280 2.7%
7 United Kingdom 1,290 bln. 21,822 1.9%
8 Italy 1,212 bln. 21,362 1.3%
9 Brazil 1,057 bln. 6,151 0.8%
10 Mexico 866 bln. 8,630 3.7%
11 Canada 722 bln. 23,295 3.6%
12 Spain 678 bln. 17,297 3.6%
13 South Korea 626 bln. 13,345 10.0%
14 Russia 620 bln. 4,237 3.2%
15 Indonesia 610 bln. 2,823 0.0%
16 Australia 416 bln. 22,158 4.3%
17 Turkey 409 bln. 6,241 -5.0%
18 Thailand 389 bln. 6,413 4.0%
19 Argentina 367 bln. 9,990 -3.0%
20 Netherlands 365 bln. 23,096 3.4%