California drops behind in world economies
California’s economy isn’t what it used to be.
Okay, that’s a slight exaggeration. But it’s also true.
According to the latest World Bank economic rankings, California has fallen from the 8th largest economy in the world to 9th.
Shocking, I know.
Brazil is the lucky contender that slipped past California, sporting a healthy $2.1 trillion economy.
California’s $1.9 trillion economy is still by far the largest of all 50 United States. Texas and all of its black gold sits comfortably at $1.2 trillion, only $700 billion behind the Golden State.
California may not be able to beat Texas in football, but we’re clobbering them on the economic front.