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California is now the 4th largest economy in the world
Posted on 4/24/25 at 10:45 am
Posted on 4/24/25 at 10:45 am
quote:
Last year, the Golden State's GDP topped $4.1T — surpassing Japan ($4.02T) and behind only Germany ($4.65T), China ($18.74T), and the entire U.S. ($29.18T).
quote:
NEW: According to the IMF's 2024 World Economic Outlook data released yesterday and BEA data, California’s nominal GDP reached $4.1 trillion, surpassing Japan’s $4.02 trillion, and placing California as the 4th largest economy — behind only the United States, China, and Germany.
Not only did it grow to be the 4th largest, California’s economy grew at a faster rate than the world’s top three economies in 2024: California's growth rate of 6% outpaced the U.S. (5.3%), China (2.6%) and Germany (2.9%).
quote:
California's GDP ($4.08T) nearly equals India's ($4.27T), despite having just 3% of its population.
25
Posted on 4/24/25 at 10:51 am to nycguy
texas is 8th
NY is right behind it and would be 9th
Florida would be 16th
so when other countries are talking about their economies...keep that in mind
NY is right behind it and would be 9th
Florida would be 16th
so when other countries are talking about their economies...keep that in mind
Posted on 4/24/25 at 10:51 am to nycguy
Impressive.
Posted on 4/24/25 at 10:53 am to nycguy
Hmmmmmm
Posted on 4/24/25 at 10:54 am to nycguy
California receives $161.7 billion in federal funds, has lost $102 Billion in Income Due to Migration of Taxpayers, Tax Data, a net loss of 9,181 wealthy millennial households and California's state and local government debt is roughly $1.6 trillion.
Posted on 4/24/25 at 10:57 am to John Barron
the bay area alone is responsible for an amazing rate of growth
Posted on 4/24/25 at 11:20 am to nycguy
Until those tech companies relocate to Texas
Posted on 4/24/25 at 11:25 am to nycguy
Damn, Germany is getting stronger every day. Third time's the charm maybe?
Posted on 4/24/25 at 11:31 am to nycguy
Imagine how high it would be if they weren’t shackled by Newsom
Posted on 4/24/25 at 11:31 am to nycguy
California also has more residents than all but about 35 countries in the World and the majority of those are sh*tholes. Factor in a lot of other advantages and it's not as crazy as it first seems.
Posted on 4/24/25 at 11:36 am to John Barron
quote:
California receives $161.7 billion in federal funds, has lost $102 Billion in Income Due to Migration of Taxpayers, Tax Data, a net loss of 9,181 wealthy millennial households and California's state and local government debt is roughly $1.6 trillion.
This is kinda silly when you account for the amount of federal income taxes that the state generates
And despite all of your doom and gloom statistics they're still the 4th largest economy in the world
Posted on 4/24/25 at 11:37 am to nycguy
California is bleeding taxpayers and can't stop spending.
Posted on 4/24/25 at 11:38 am to nycguy
I highly doubt a WOKE SHITHOLE like california could have that type of economic production
The limpdicks on the Low-T lounge said so
The limpdicks on the Low-T lounge said so
Posted on 4/24/25 at 11:42 am to Powerman
quote:
Federal Funding for Migrant Services
Shelter and Services Program (SSP): Administered by FEMA, this program provides grants to local entities offering humanitarian assistance to migrants. In 2023, California organizations received $48 million in SSP grants. This amount increased in 2024 due to a projected rise in border crossings, with Catholic Charities of the Diocese of San Diego receiving $35 million and Riverside County obtaining $13 million.
?
Additional Allocations: In April 2024, the Biden administration allocated $45 million to California programs assisting recently arrived migrants. This funding is part of a $300 million national effort by FEMA to support communities providing services to asylum seekers and refugees. ?
Refugee Support Services
FY 2024 Allocations: California received approximately $46.4 million in Refugee Support Services (RSS) formula funding. This includes $30 million based on the number of refugees served and an additional $16.3 million allocated for Ukrainian arrivals. ?
quote:
In summary, California receives substantial federal funding to support migrant populations through healthcare programs, refugee services, and other grants. These funds are complemented by state expenditures and the economic contributions of immigrants themselves.?
quote:
Louisiana receives federal funding to support migrants, including refugees, asylum seekers, and other immigrant populations. While the state's allocations are modest compared to larger states, these funds play a crucial role in assisting newcomers with essential services. Here's an overview of the key funding sources and recent figures:?
quote:
Refugee Support Services
In Fiscal Year 2024, Louisiana received $300,000 through the Refugee Health Promotion program, administered by the U.S. Department of Health and Human Services' Office of Refugee Resettlement (ORR). This funding supported services for 631 refugees and immigrants, focusing on employment assistance, housing, and other essential needs.
Administration for Children and Families
?
Modest compared to California is a fricking understatement of the century.
We are being robbed by California.
This post was edited on 4/24/25 at 11:45 am
Posted on 4/24/25 at 11:42 am to nycguy
So why is Newsome begging Orange bad for billions?
Posted on 4/24/25 at 11:43 am to sqerty
quote:
Damn, Germany is getting stronger every day. Third time's the charm maybe?
Posted on 4/24/25 at 11:48 am to sqerty
quote:
Damn, Germany is getting stronger every day. Third time's the charm maybe?
That's why they asked, "Are y'all sure?" three different times when the world started telling them to get their shite together and start investing in their military and national defense.
Posted on 4/24/25 at 12:07 pm to Powerman
quote:
when you account for the amount of federal income taxes that the state generates
What’s the number?
Posted on 4/24/25 at 12:54 pm to sqerty
quote:
Damn, Germany is getting stronger every day. Third time's the charm maybe?
Not if you're counting Reichs.
Posted on 4/24/25 at 1:02 pm to nycguy
Bear in mind that most of these GDP measures include imports/exports. CA is home to two of the three busiest ports by TEU's in the US. NY/NJ is the other.
In other words, their GDP gets artificially pumped up by goods either coming from or going to other states. A very large portion of the trade with China transits CA's ports.
In other words, their GDP gets artificially pumped up by goods either coming from or going to other states. A very large portion of the trade with China transits CA's ports.
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