California—World’s 6th Largest Economy

California—World’s 6th Largest Economy

welcome to california

Riverside, CA

California recently edged up in the international rankings of world economies; with a gross domestic product of $2.5 trillion—it is now the world’s 6th largest. According to Irena Asmundson, Chief Economist, California Department of Finance, the state’s economy grew by 4.1 percent in 2015, compared with a 2.4 percent increase for the U.S overall. Also, according to Asmundson, last year California created more jobs than any other state in the nation and is home to four of the world’s ten largest businesses.

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