08 MAY

California passes UK to become world’s 5th largest economy

California surpassed the United Kingdom to become the fifth largest economy in the world in 2017 with a gross domestic product of $2.7 trillion, according to new federal data released Friday.  California’s jump to fifth place in the world ranking represents an increase of more than $100 billion from 2016. The Golden State now ranks above the economies of United Kingdom, India, France, Brazil, Italy and Canada, according to the California Department of Finance.  Read more

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