World Economy

California World’s 6th Largest Economy

California World’s 6th Largest EconomyCalifornia World’s 6th Largest Economy

California is now the sixth-largest economy in the world, surpassing France, Reuters reported. 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 on Friday. France is the world’s seventh-largest economy with a gross domestic product of $2.42 trillion, and India is the eighth-largest with $2.09 trillion, according to the latest International Monetary Fund data. The most populous US state has outpaced the rest of the country on job growth. Gross state product was $2.46 trillion in 2015, with 4.1% of growth in real terms, it added.