California Has Surpassed the UK as World's 5th Largest Economy

For the record.

California's economy has surpassed that of the United Kingdom to become the world's fifth largest, according to new federal data made public Friday.

California's gross domestic product rose by $127 billion from 2016 to 2017, surpassing $2.7 trillion, the data said. Meanwhile, the UK's economic output slightly shrunk over that time when measured in U.S. dollars, due in part to exchange rate fluctuations.

California last had the world's fifth largest economy in 2002 but fell as low as 10th in 2012 following the Great Recession.

-Robert Wenzel  

(via CNBC)