{"id":175607,"date":"2024-04-17T16:29:20","date_gmt":"2024-04-17T23:29:20","guid":{"rendered":"https:\/\/new.thepinetree.net\/?p=175607"},"modified":"2024-04-17T16:29:20","modified_gmt":"2024-04-17T23:29:20","slug":"california-remains-the-worlds-5th-largest-economy","status":"publish","type":"post","link":"https:\/\/new.thepinetree.net\/?p=175607","title":{"rendered":"California Remains the World\u2019s 5th Largest Economy"},"content":{"rendered":"<p>Sacramento, CA&#8230;The Gavin Newsom Administration says that thanks to continued economic growth and strong performances in a variety of industry sectors, California has again ranked as the 5th largest economy in the world.<\/p>\n<p><a href=\"https:\/\/new.thepinetree.net\/wp-content\/uploads\/2024\/04\/imf-730x1080-1.webp\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-175608\" src=\"https:\/\/new.thepinetree.net\/wp-content\/uploads\/2024\/04\/imf-730x1080-1.webp\" alt=\"\" width=\"640\" height=\"947\" srcset=\"https:\/\/new.thepinetree.net\/wp-content\/uploads\/2024\/04\/imf-730x1080-1.webp 730w, https:\/\/new.thepinetree.net\/wp-content\/uploads\/2024\/04\/imf-730x1080-1-203x300.webp 203w, https:\/\/new.thepinetree.net\/wp-content\/uploads\/2024\/04\/imf-730x1080-1-692x1024.webp 692w, https:\/\/new.thepinetree.net\/wp-content\/uploads\/2024\/04\/imf-730x1080-1-570x843.webp 570w, https:\/\/new.thepinetree.net\/wp-content\/uploads\/2024\/04\/imf-730x1080-1-701x1037.webp 701w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/a><\/p>\n<p>WHAT GOVERNOR NEWSOM SAID: \u201cCalifornia continues to punch above its weight, overperforming all but a handful of the largest countries in the world. And with our unparalleled combination of innovation, higher education, a talented workforce, diverse industries, and unparalleled natural resources, we will continue to do so well into the future.\u201d<\/p>\n<p>DIG DEEPER: The International Monetary Fund\u2019s (IMF) World Economic Outlook was released today providing 2023 economic data for countries and regions.<\/p>\n<p>California remains the 5th largest economy in the world since 2017. California is the 5th largest economy in the world for the seventh consecutive year, with a nominal GDP of nearly $3.9 trillion in 2023 and a growth rate of 6.1% since the year prior, according to the U.S. Bureau of Economic Analysis (BEA). On a per capita basis, California is the second largest economy in the world.<\/p>\n<p>The U.S. far outpaces the rest of the world. The United States is still by far the largest economy in the world with a nominal GDP of more than $27 trillion. Based on IMF and BEA data, California, Texas, New York, and Florida remained in the top 20 economies of the world; Florida was the only state that fell a spot, slipping to 19th, overtaken by Spain.<\/p>\n<p>India\u2019s economy continues accelerated growth. India has been the fastest-growing large economy and remained the sixth largest economy since overtaking the United Kingdom in 2021.<\/p>\n<p>LOOK AT THE DATA: Above are IMF and BEA economic data from the past seven years showing how countries and states compare in nominal GDP and rankings:<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sacramento, CA&#8230;The Gavin Newsom Administration says that thanks to continued economic growth and strong performances in a variety of industry sectors, California has again ranked as the 5th largest economy in the world. WHAT GOVERNOR NEWSOM SAID: \u201cCalifornia continues to punch above its weight, overperforming all but a handful of the largest countries in the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":175608,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_cbd_carousel_blocks":"[]","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,20,5,1],"tags":[],"class_list":["post-175607","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-featured","category-government","category-news","last_archivepost"],"jetpack_featured_media_url":"https:\/\/new.thepinetree.net\/wp-content\/uploads\/2024\/04\/imf-730x1080-1.webp","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts\/175607","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=175607"}],"version-history":[{"count":1,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts\/175607\/revisions"}],"predecessor-version":[{"id":175609,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts\/175607\/revisions\/175609"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/media\/175608"}],"wp:attachment":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=175607"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=175607"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=175607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}