California economy ranking among world economies

California economy in world terms

According to U.S. Department of Commerce estimates, California’s GDP (gross domestic product) was nearly $1.85 trillion. And that puts California as the world’s eighth largest economy in 2008.

Since the 1970s, California has ranked 7th biggest world economy, although for a couple of years in 1984 and 1985, California was the 5th largest economy in the world.

California economy ranks behind Italy

The California economy currently ranks eighth just behind Italy and ahead of Russia and Spain.

California has been ranking 1 or 2 spots below Italy, since the 1970s, however in the year 2000 California jumped over Italy to the 6th spot, when Italy had one year of negative economic growth that set Italy back a couple of years before it regained its economic footing.

However, in 2002 California was overtaken by China's economy and fell back to the 7th largest spot, And in 2003, when Italy's economy regained its normal pace of growth, Italy surpassed California and pushed it back another spot to eighth biggest economy, the rank it has occupied every year since 2003.

California economy and world economies

Gross Domestic Product (GDP) in $ trillion

1. United States (14.16) since California is in this list, this figure should be (12.31)
2. Japan (4.91)
3. China (4.33)
4. Germany (3.65)
5. France (2.86)
6. United Kingdom (2.68)
7. Italy (2.3)
8. California (1.85)
9. Russia (1.68)
10. Spain (1.6)

Another article about largest world economies (only countries no regions) looks at how the top economies list has changed over the years. Largest world economies