California's gross domestic product rose by US$127 billion from 2016 to 2017, surpassing US$2.7 trillion, the data said. Meanwhile, the UK's economic output fell slightly over that time when measured in US dollars, due in part to exchange rate fluctuations.
The data demonstrate the sheer immensity of California's economy, home to nearly 40 million people, a thriving technology sector in Silicon Valley, the world's entertainment capital in Hollywood and the nation's salad bowl in the Central Valley agricultural heartland. It also reflects a substantial turnaround since the Great Recession.
(Score: 2) by realDonaldTrump on Monday May 07 2018, @10:01AM
The economy in California is absolutely booming. That's to be expected. Because we did the biggest Tax Cut in the history of the world. California has so many of our big cyber companies. Apple, Google, Intel, Facebook, Oracle and many more. Under my predecessors, they had to send their money overseas. The Double Irish with a Dutch Sandwich. No more. My Republicans in Congress worked very hard on the Tax Cuts & Jobs Act. And I signed it beautifully, with a very special pen -- Cross Century II. Same pen Obama used -- one of the VERY FEW things he did right. And when I went to Beverly Hills I got tremendous donations. Folks there are so happy they voted for me. Very grateful for the privilege of being allowed to vote for me. You're welcome!!