Investor LOGIN

Back to Articles and News

NEWS: California now world's 5th largest economy, Surpassing UK

California now world's 5th largest economy, surpassing UK

A for sale sign hangs outside a recently built house Friday, May 4, 2018, near Roseville, Calif. Federal data released Friday shows California has surpassed the United Kingdom to become the world fifth largest economy, with real estate and financial services leading other economic sectors in driving the state's economic growth. (AP Photo/Rich Pedroncelli)

SACRAMENTO, Calif. (AP) -- 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.

The data demonstrate the sheer immensity of ...  Click Here For Full Story

Investing in Shopoff Realty Investments limited partnerships involves a high degree of risk, including the possible complete loss of your investment. In addition to being an illiquid investment with an uncertain liquidity date, these investments may have other risks. The past performance of any of Shopoff Realty Investments' Limited Partnerships is no guarantee of future results. View Risk Factors.

Website Security Test