"The Golden State economy was producing goods and services at a nation-leading $4.215 trillion annual pace in the second quarter. That's according to the latest estimates of gross domestic product by the Bureau of Economic Analysis released Friday, Sept. 26. GDP is a broad measure of the production of goods and services, often seen as a yardstick of a region's economic vibrancy."
"Theoretically speaking, if California were viewed as a nation, its economy ranks No. 4 on this vanity totem pole - just ahead of India ($4.187 trillion) and Japan ($4.186 trillion). Yes, there's only a $29 billion gap among the three economies. The next major twist in this GDP drama will be the release this autumn of fresh IMF numbers. The update could reshuffle California's global standing."
"The global economy typically experiences ebbs and flows, but the uncertainty of 2025 stands out. The White House's rewriting of international trade policies is a huge wild card. Major swings in U.S. tariffs on imports introduced significant uncertainty into global economic performance. That makes forecasting output problematic.. The Indian economy is booming, with 7.8% annualized GDP growth in the second quarter."
California's economy produced goods and services at a $4.215 trillion annual pace in the second quarter and was growing at a 4.3% annual rate at mid‑year 2025. The U.S. is estimated at $30.5 trillion for 2025, followed by China at $19.2 trillion and Germany at $4.7 trillion. If treated as a nation, California would rank fourth globally, narrowly ahead of India ($4.187 trillion) and Japan ($4.186 trillion) by about $29 billion. Fresh IMF figures due this autumn could change that standing. India's economy posted 7.8% annualized GDP growth in Q2. U.S. trade policy shifts and tariff swings add significant uncertainty to forecasts. Global GDP comparisons are measured in U.S. dollars.
Read at The Mercury News
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