By the Numbers. California worlds 4th largest economy vs. Texas #11.

What is happening? This week Bloomberg indicated California is on target to overtake Germany as the world’s 4th largest economy. The numbers behind this:

• 147% increase in corporate revenue
• 117% increase in market capitalization over last 3 years
• $3.357 trillion GDP in 2021
• Top 3 industries, technology hardware, media and software, all have sales boosts
• 4.1% unemployment

Why is this important? For the 1st time since 2006, California’s jobless numbers are below Texas.

Governing | California Soon to Become the World’s Fourth-Largest Economy