California bounces back as No. 7 economy in world

by Joseph Saraceno

CAAll we need now is some rain

After taking a significant recession-era hit, California’s economy has bounced back up to the seventh largest in the world as the state’s gross domestic product reached $2.3 trillion in 2014, according to figures released Wednesday by the U.S. Bureau of Economic Analysis.

That was enough for California to edge past Brazil’s 2014 GDP of $2.2 trillion, but still below the sixth-place United Kingdom. MORE