It’s official: California grows to 6th-largest world economy

As reported by the San Francisco Chronicle:

California jumped ahead of Brazil and France to become the world’s sixth largest economy in 2015, according to a report released Friday by the Center For Continuing Study of the California Economy.

California’s gross state product rose to $2.5 trillion in 2015, up 4.1 percent from the previous year when adjusted for inflation. This outpaced the national growth rate of 2.4 percent, which bumped the United States’ gross domestic product to $17.8 trillion.

Meanwhile, a recession and government turmoil caused Brazil’s GDP to fall to $1.8 trillion.

Behind the United States, China’s economy came in second with $10.9 trillion; Japan followed with $4.1 trillion; Germany came in fourth with $3.6 trillion, followed by the United Kingdom at $2.9 trillion. …

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