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California Office of Trade and Investment, London

GROSS STATE PRODUCT

Gross Product is the output of all goods and services produced by an economy. It provides the broadest measure of an economy and is often used to measure growth and make comparisons. On this page you will find recent estimates of the California Gross State Product (GSP), as well as a comparison of the California GSP to the Gross National Product (GNP) of the largest economies in the world.

2000 Gross Product World Ranking

Below is a comparison of the California GSP to the Gross National Product (GNP) of the largest economies in the world using the most recent data available. It should be noted that such a comparison serves as an indication of relative size, rather than a precise quantitative measurement*. The primary message to be gained from a comparison like the one below is that the California economy produces enough goods and services to be ranked among the top 10 economies of the world.

Source:      Ranking based on World Bank figures and the UCLA Anderson Forecast Project.

The World Bank and the UCLA Anderson Forecast both have well-established and well-documented methods for collecting these figures. For more information on how each institution gathered data, visit their websites at www.worldbank.org and http://uclaforecast.com.

*There are several reasons why such rankings should be used with caution. First, other economic statistics can be used to measure economies, and may produce slightly different results. Methods, timing, and definitions used to collect and produce economic statistics can vary from one country to another. Finally, variations in currency conversions methods may produce different results.