Economy Of California
California's economy is the eighth largest economy in the world (2011), if the states of the U.S. were compared with other countries. As of 2010, the gross state product (GSP) is about $1.9 trillion, which is 13.06% of the United States gross domestic product (GDP). The state's GDP growth rate slowed to 0.4% in 2008 after having grown 3.1% in 2006 and 1.8% in 2007.
Read more about Economy Of California: History, Sectors, Personal Income, Housing
Famous quotes containing the words economy and/or california:
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“I can’t earn my own living. I could never make anything turn into money. It’s like making fires. A careful assortment of paper, shavings, faggots and kindling nicely tipped with pitch will never light for me. I have never been present when a cigarette butt, extinct, thrown into a damp and isolated spot, started a conflagration in the California woods.”
—Margaret Anderson (1886–1973)