California is often referred to as the world's sixth-largest economy due to its substantial GDP. Here are the top five economies in the world based on GDP, as of the most recent data:
- United States
- China
- Japan
- Germany
- India
California, as a state, would rank just behind these countries if it were considered a separate economy, often placing it in the sixth position globally.
As of recent estimates, California's economy represents about 15% of the total GDP of the United States. This percentage can vary slightly depending on the source and the specific year of the data. California's large and diverse economy makes it a significant contributor to the overall economic output of the country.