04/16/2024 | Press release | Distributed by Public on 04/16/2024 16:26
SACRAMENTO - 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: "California 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."
DIG DEEPER: The International Monetary Fund's (IMF) World Economic Outlook was released today providing 2023 economic data for countries and regions.
LOOK AT THE DATA: Below are IMF and BEA economic data from the past seven years showing how countries and states compare in nominal GDP and rankings:
Beta feature