Only 3 Countries Have Economies Bigger Than California’s In 2024

Map created The World In Maps

The map above shows a very suprising fact, only 3 countries in the world (besides the United States) have economies that are larger than California’s when measured in nominal (exchange rate) Us Dollars (USD).

Here is a full list:

Nominal GDP estimates for 2024 (with source):

1. US: $29.2 Trillion (IMF)
2. China: $18.3 Trillion (IMF)
3. Germany: $4.7 Trillion (IMF)
4. Japan: $4.1 Trillion (IMF)
5. California: $4.1 Trillion (BEA)
6. India: $3.9 Trillion (IMF)
7. UK: $3.6 Trillion (IMF)
8. France: $3.2 Trillion (IMF)

However, the results above only take into account the value of the economies at official exchange rates, when you factor in cost of living using Purchasing Power Parity a rather different ranking emerges:

1. China: $37.1 Trillion
2. US: $29.2 Trillion
3. India: $16 Trillion
4. Russia: $6.9 Trillion
5. Japan: $6.6 Trillion
6. Germany: $6.0 Trillion
7. Brazil: $4.7 Trillion
8. Indonesia: $4.7 Trillion
9. France: $4.4 Trillion
10. UK: $4.3 Trillion
11. California: $4.1 Trillion

In this ranking 10 other countries (outside of the US) have economies larger than California’s.

However, at only 39 million people, California has 40% fewer people than the next smaller country on the list (France, 66 million).