California still ranked No. 9 among the world's economies

[beijingwalker]

California still ranked No. 9 among the world's economies
July 25, 2012

As it slowly recovers from its worst recession since the Great Depression, where does California's economy fit into the global marketplace?

A massive new economic forecast from the Los Angeles County Economic Development Corp. confirms that were California a nation, it would place No. 9 among the globe's economies, just behind No. 8 Italy and just ahead of Russia.

The data-filled report, to be unveiled today in Los Angeles, pegs California's economy at just under $2 trillion a year (2011 numbers) and implies that it could move up or down in the rankings, depending on what happens to the volatile European economy. The state once ranked as high as sixth.

California's economy saw an inflation-adjusted 2 percent growth from 2010 to 2011, while Italy's grew at just one-fifth of that rate. Among the economies larger than California's, only China, Germany and Brazil, which leaped into sixth place, had higher rates of growth than the state. But Russia's economy grew twice as fast as California's from 2010 to 2011, so it could push California down to 10th place.

The report says that Los Angeles and four surrounding Southern California counties would rank 16th among the world's economies at over $900 billion a year, just behind South Korea. Los Angeles County by itself, at $557.5 billion, would be 21st, lodged between No. 20 Saudi Arabia and Sweden.

Overall, the forecast is for California to recover from recession "slowly but steadily," albeit with double-digit unemployment rates for at least another year.

 

[Pak47]

California alone is a monster.

If a state roughly twice smaller then Pakistan can succeed why can't Pakistan..

Of course.. Leadership

 

[prototype]

This report is just a fluke,why are they counting only the state of California in the long list of countries. In that sense their may be states or provinces in japan, china or Germany that may be around $ 1 trillion or somewhere near to it, even a $ 500 billion economy means they vanquish many nation's. Why they are not counting each and every state then.

 

[AUz]

California is a beast!

It is the best state to live in....Too much diversity and economic activity

 

[Pak47]

This report is just a fluke,why are they counting only the state of California in the long list of countries. In that sense their may be states or provinces in japan, china or Germany that may be around $ 1 trillion or somewhere near to it, even a $ 500 billion economy means they vanquish many nation's. Why they are not counting each and every state then.

If you read the article it says if CA was a country on its own it would rank 9th in the world.

"A massive new economic forecast from the Los Angeles County Economic Development Corp. confirms that were California a nation, it would place No. 9 among the globe's economies, just behind No. 8 Italy and just ahead of Russia."

 

[beijingwalker]

I hope Chinese Guangdong maybe overtake California one day,a decade ago China's GDP was smaller than California,that was a shameful time.

 

[SamranAli]

This report is just a fluke,why are they counting only the state of California in the long list of countries. In that sense their may be states or provinces in japan, china or Germany that may be around $ 1 trillion or somewhere near to it, even a $ 500 billion economy means they vanquish many nation's. Why they are not counting each and every state then.

Bad intentions by writer.

 

[beijingwalker]

countries with similiar GDP to each Chinese province in 2011

 

[beijingwalker]

 

[LetsGetRowdy]

If California were ever to break away from the union, it would actually be quite a powerful nation on its own.

 

[kawaraj]

India does not steal a show, what a shame.

 

[karan.1970]

India does not steal a show, what a shame.

And you are happy that there is a STATE in USA that is equal to your country's economy

 

[kumarkumar1867]

And you are happy that there is a STATE in USA that is equal to your country's economy

If I am not wrong even MAHARASHTRA state is equal to Economy of Entire Pakistan in terms of GDP(Nominal) & GDP (PPP) ??
Correct me if I am wrong

 

[GoodBoy]

If I am not wrong even MAHARASHTRA state is equal to Economy of Entire Pakistan in terms of GDP(Nominal) & GDP (PPP) ??
Correct me if I am wrong

State Domestic Product of India 2011-12 | State-Wise GDP 2011 | District GDP of India | State-wise Population 2011 | VMW Analytic Services

Mumbai $224.12 Billion
Nominal GDP of Pakistan in 2011 is US$202 Billion

Someone please confirm.

 

[xyxmt]

Its funny if you say anything about India, All Indians start comparing everything with Pakistan, a country 1/10th their size and in the most troubled times in its history. keep it up guys, keep us always on your horizon

now start giving me GNP, GDP, PPP and all that crap...oh forget PPP we already have it

this is the most amusing part of coming to PDF, ok sorry to take up all this time, go on you were saying