California has 11 bigger economies than New Hampshire, Luxembourg or Pepsico – San Bernardino Sun

“Survey said” looks at different rankings and scorecards that assess geographic location while noting that these scores are seen as a combination of art and data.

Buzz: California has 11 county economies among the nation’s 50 largest economies.

The source: My Trustworthy Spreadsheet looked at various economic output figures including 2020 gross domestic product by county from the Bureau of Economic Analysis, national GDP from the World Bank for 2020 and sales. 2021 business numbers of major U.S. publicly traded companies from Companymarketcap.com.

Details

Often, it is difficult to grasp the extent of business done in the already volatile Golden State economy.

Just take a look at what the recent release of local business activity data tells us. When I put countywide output as measured by GDP math into some geographic dimension, even California’s 11th largest economy – Contra Costa County – has more business value flowing through it than what is shown. manufactured in all of New Hampshire or Luxembourg or sold by Pepsico.

Let’s start our analysis with the state’s largest economy, Los Angeles County. The country’s economic output in 2020 will reach $659 billion even after a 6.3% contraction in a pandemic cold year. By the way, the national economy slipped 3.4% in 2020.

Now $659 billion is a big number. How big?

1. Of the 3,000 US counties, this is the largest – easily topping New York’s Manhattan borough.

2. If LA County were a state, its economy would rank 7th between Pennsylvania and Ohio.

3. If LA County were a country, it would be the 21st largest economy in the world – between Saudi Arabia and Poland.

4. And if you look at GDP through the enterprise lens of sales, LA County’s $221 billion would be #1 in revenue for US companies – bigger than the retailer Walmart, The nation’s largest company in terms of sales.

Elsewhere in California

Santa Clara: $340 billion GDP for 2020, fifth among all US counties (just ahead of Seattle’s King County) after growing 4.4% in 2020. As a state, it will ranked 17th between Colorado and Indiana. As a country, it would rank 37th between Hong Kong and Singapore. And its cash flow relative to the company’s revenue would make it the fifth-largest company by sales – between Warren Buffet’s Berkshire Hathaway and CVS Health.

Orange: $221 billion, 9th county (just ahead of San Diego County) after shrinking 4.4% in 2020. As a state, it’s 25th between Louisiana and Oregon. As a country, 49th between Portugal and New Zealand. It ranks 10th among publicly owned US companies – between the Alphabet of technology (Google) and AmerisourceBergen of medicine.

City of San Diego: $208 billion, 10th (just ahead of San Francisco County) after shrinking 2.9% in 2020. As a state, number 27 between South Carolina and Alabama. The country ranks 50th between New Zealand and Iran. And compared to the company’s revenue, the ratio between AmerisourceBergen and retailer Costco is 11th.

San Francisco: $175 billion, ranked 11th (just ahead of Atlanta’s Fulton County) after shrinking 0.8% in 2020. As a state, it ranks 30th between Kentucky and Utah. As a country, 53rd between Greece and Kazakhstan. And compared to the company’s revenue, it ranks 13th between Microsoft of technology and AT&T of telecommunications.

San Mateo: $124 billion, 15th (just ahead of Alameda County) after shrinking 1.1% in 2020. As a state, it ranks 34th between Nevada and the District of Columbia. As a country, 59th between Qatar and Morocco. And compared to the company’s revenue, it ranks 24th between automaker General Motors and bank JPMorgan Chase.

Alameda: $122 billion, placing it 16th (just ahead of Minneapolis’s Hennepin County) – after shrinking 3.5% in 2020. As a state, it ranks 35th between the District of Columbia and Nebraska. As a country, it’s 59th place between Qatar and Morocco. And compared to the company’s revenue, it ranks 24th between General Motors and JPMorgan Chase.

San Bernardino: $82.2 billion, ranking 39th (just ahead of Illinois’ DuPage County) after shrinking 1.9% in 2020. As a state, 39th place is between New Mexico and New Hampshire. As a country, it ranks 67th between Ecuador and Sri Lanka. And compared to the company’s revenue, it ranks 38th between FedEx and Humana shippers of pharmaceuticals.

Sacramento: $81.6 billion, placing 41st (just ahead of Alabama’s Montgomery County) after shrinking 2.8% in 2020. As a state, 39th place between New Mexico and New Hampshire. As a country, it ranks 67th between Ecuador and Sri Lanka. And compared to enterprise revenue, 38th between FedEx and Humana.

Riverside: $78.3 billion, placing 44th (just ahead of Connecticut’s Fairfield County) after shrinking 3% in 2020. As a state, 39th between New Mexico and New Hampshire. As a country, the number 70 is between the Dominican Republic and Guatemala. And compared to the company’s revenue, it ranks 43rd between Intel and Procter & Gamble.

In contrast, Costa: $76.7 billion, ranked 46th (just ahead of Florida’s Palm Beach County) after shrinking 3.3% in 2020. As a state, it ranks 39th between New Mexico and New Hampshire. As a country, it ranks 71st between Guatemala and Luxembourg. And compared to the company’s revenue, it ranks 44th between Procter & Gamble and Pepsico.

Conclude

I hope this list helps you understand that for all the imperfections of California’s business environment, its economy is still a huge collection of things that are managed, designed , build, ship and sell.

Size says something. And many outsiders would love to make the state economy a headache.

Jonathan Lansner is the business columnist for Southern California News Group. He can be contacted at jlansner@scng.com

https://www.sbsun.com/2021/12/28/california-has-11-economies-bigger-than-new-hampshire-luxembourg-or-pepsico/ California has 11 bigger economies than New Hampshire, Luxembourg or Pepsico – San Bernardino Sun

Curtis Crabtree

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