Désolé, France: California now 6th-largest economy

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Désolé, France: California now 6th-largest economy
California, the most populous US state, has outpaced the rest of the country on job growth.

San Francisco - US state did 'exceptionally well in 2015'

By Reuters

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Published: Sat 18 Jun 2016, 2:52 PM

Last updated: Sun 19 Jun 2016, 10:31 AM

California is now the sixth-largest economy in the world, surpassing France, thanks to a robust state economy and strong US dollar.
California was the world's eighth-largest economy in 2014, Irena Asmundson, chief economist of the California Department of Finance, said in a phone interview. "California did exceptionally well in 2015."
France is the world's seventh-largest economy with a GDP of $2.42 trillion, and India is the eighth-largest with $2.09 trillion, according to the latest International Monetary Fund data.
California is home to diverse strong economies, including Silicon Valley and Hollywood. Manufacturing and agriculture have performed well despite a severe drought, Asmundson said.
The most populous US state has outpaced the rest of the country on job growth, California's finance department said in its June bulletin this week.
Gross state product was $2.46 trillion in 2015, with 4.1 per cent of growth in real terms, it added.


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