California becomes world 7th largest economy, overtaking Brazil, Russia and Italia

The golden state, after boosted employment and rising personal values is estimated to have a GDP of around $ 2.2 trillion in 2013 and has expanded since last year by almost every measure. Brazil's GDP has declined by around 1% after its recent export of raw minerals and materials fell in 2014.



California's economy is also one of the most diverse economies in the union, ranging anything from oil to computer to movie stars.
Even with the decline of oil prices, California still stand strong with its oil production and continues to supply the United States with oil and gas.




Agriculture is also one of the most hidden factor where it does not get the attention it should. Almost 70% of worlds almonds are grown, harvested and produced in California.

With ever developing technology mankind's need, so does the economy grows. Almost all electronic production starts in California with companies such as Microsoft, Google, Apple and etc having a headquarter in California.

One problem that the state has is poverty rate, research has shown that almost a quarter of Californian live in the poverty line or below it even though California's GDP per person is quite high when compared to the rest of the United States.