Two Californian cities in the “Top 10” compared to international economies

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[vc_row][vc_column][vc_column_text]If you’ve ever wondered why world leaders are keeping such a watchful eye on the US economy, take a moment to examine a recently released map titled “How the Economic Power of US Cities Compare to Entire Countries” .

The map plotted the economic output of major US cities and compared them to their international counterparts with the closest economic equivalent in gross domestic product (GDP), measured in billions of dollars.

GDP is determined by adding together the trade in goods and services in the economy. Economists say it’s the best way to measure a country’s economy because it considers the total value of everything that is produced by the people and businesses of the country, whether the businesses “are owned by citizens or to strangers ”.

Of the ten largest metropolitan economies in America highlighted in the analysis, two are in California.

Los Angeles-Long Beach-Anaheim ranked second on the list with a combined GDP of $ 884.836 billion. This topped Turkey’s GDP of $ 857.749 billion.

The San Francisco-Oakland-Hayward economy ranked seventh on the list with a GDP of $ 406,294 billion which topped Nigeria’s GDP by $ 405,083 billion.

Other California economies included in the map were San Jose-Sunnyvale-Santa Clara GDP, $ 237 billion compared to Finland’s $ 237 billion GDP, and San Diego-Carlsbad GDP, $ 191 billion per compared to Greece 195 billion dollars.

In 2017, the United States remained the world’s largest economy and accounted for 24.3% of the global economy, with China falling far behind at 14.84%. Yet many economic experts agree that cities are “the new centers of power in the global economy.” They are also the platforms for “innovation, entrepreneurship and economic growth”.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_separator][vc_column_text el_class=”small”]Source: https://howmuch.net/articles/the-economic-size-of-metro-areas-compared-to-countries[/vc_column_text][/vc_column][/vc_row][vc_row css=”.vc_custom_1453773114364{background-color: #c9c9c9 !important;}”][vc_column width=”1/4″][vc_single_image image=”68874″ alignment=”center” style=”vc_box_circle_2″ css=”.vc_custom_1516583019293{padding-top: 10px !important;padding-right: 10px !important;padding-bottom: 10px !important;padding-left: 10px !important;}”][/vc_column][vc_column width=”3/4″][vc_column_text]Stephanie Williams, Feature Writer[/vc_column_text][vc_tabs interval=”0″][vc_tab tab_id=”b4b5fbe7-c6ac-29384-b3d7f457-5530cf88-942ae3e3-65fa49a8-33ca5c62-7e92f136-1dc87a9c-5649f71c-f41e” title=”Full Bio”][vc_column_text]Stephanie E. Williams is an award-winning investigative journalist, editor and activist who has contributed to several Inland Empire publications. Williams spent over thirty years as a middle manager in the telecommunications industry before retiring to pursue his passion as a journalist and non-fiction writer. Beyond writing, Williams’ personal interests include stone carving, drumming, and sculpture.[/vc_column_text][/vc_tab][vc_tab title=”Recent Posts” tab_id=”cb440578-0e56-29384-b3d7f457-5530cf88-942ae3e3-65fa49a8-33ca5c62-7e92f136-1dc87a9c-5649f71c-f41e”][vc_wp_rss items=”3″ options=”show_summary,show_author” url=”https://blackvoicenews.com/author/sewilliams/feed/” title=”Recent Posts from Stephanie Williams”][/vc_tab][/vc_tabs][/vc_column][/vc_row]

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