Surging California economy vaulted to world’s 6th largest in 2015

California, along with Oregon, had the nation’s highest rate of economic growth in 2015 and has vaulted to sixth largest economy in the world.  The federal Bureau of Economic Analysis says that California’s economy expanded by 5.7 percent in 2015, second only to Oregon’s 5.9 percent in nominal terms and tied with Oregon at 4.1 percent in constant dollars.  The BEA pegged the state’s economic output last year at $2.46 trillion and with several of its international rivals, particularly Brazil and France, experiencing slumps, that would place California at sixth place, behind only the U.S., China, Japan, Germany and the United Kingdom. The state had been the eighth largest economy, and passed France and Brazil with the release of the latest report.  BY DAN WALTERS  See Full Story

Source:  Sacramento Bee

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