California is now the world's fifth-largest economy, surpassing United Kingdom - News Summed Up

California is now the world's fifth-largest economy, surpassing United Kingdom


California's economic output is now surpassed only by the total GDP of the United States, China, Japan and Germany. The state has 12% of the U.S. population but contributed 16% of the country's job growth between 2012 and 2017. Its share of the national economy also grew to 14.2% from 12.8% over that five-year period, according to state economists.


Source: Los Angeles Times May 04, 2018 20:53 UTC



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