- Forecasts show that California’s GDP will soon eclipse Germany’s as the 4th largest behind the entire US, China and Japan.
- California’s high concentration of tech companies has resulted in 379 companies worth at least $1B vs 155 in Germany.
- California’s top 3 industries (hardware, media, software) grew by 63% to 115% over the last 3 years vs mixed growth and decline in Germany’s top 3 (healthcare, consumer discretionary, industrial).
- The San Francisco Bay-area accounts for 78% of California’s publicly traded market valuations.
California Poised to Overtake Germany as World’s No. 4 Economy
(10/24/2022)