06 July 2022

California Is An Economic Powerhouse

California has the 5th largest economy in the world (GDP $3.35 trillion), bigger than the economy of India ($2.65 trillion), bigger than France ($2.58 trillion), and bigger than the U.K. ($2.64 trillion). 

China ($12.24 trillion), Japan ($4.72 trillion), and Germany ($3.69 trillion) (and the U.S. as a whole at $22.85 trillion) are the only countries with a GDP larger than California's. California's economy is also larger than any other U.S. state or territory.

Washington D.C. ($226,861), New York State ($93,463), Massachusetts ($91,129), and Washington State ($86,265) are the only U.S. states or territories with a per capita GDP greater than California ($85,546). The per capita GDP of the U.S. as a whole is $62,624. 

Luxembourg ($105,280) is the only country with a per capita GDP greater than California.

The Red States (based upon the 2020 Presidential election) with the highest GDP per capita are:

1. North Dakota $81,795 (#7 of the 50 states and D.C.)
2. Nebraska $76,584 (#9)
3. Alaska $75,027 (#10)
4. Wyoming $71,911 (#15)
5. Iowa $68,859 (#18)
6. South Dakota $68,359 (#20)
7. Texas $67,235 (#21)
8. Utah $66,011 (#22)
9. Kansas $65,530 (#23)
10. Ohio $62,517 (#27)

The notion that Blue state policies are bad for business doesn't hold water, unless your business is the fossil fuel business  or agriculture.

It is also notable that the nine most economically productive Red states (and the only ones with per capita GDP greater than the U.S. average) are west of the Mississippi River.

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