The economy of California is so big and growing that it is now fifth largest in the world, according to US government data.

The US Department of Commerce, sets the California ‘s GDP for 2017 at about 2.747 trillion USD and the states’s economy grew by 3.4% last year. This growth puts the US state in front of Britain, which GDP is 2.625 trillion USD, according to data released last month by the IMF.

The list of largest economies in the world continue to be headed by the US (19.391 trillion USD), followed by China (12.015 trillion USD), Japan (4.872 trillion USD) and Germany (3.685 trillion USD). If we include the single states within the US, California will rank fifth with 2.747 trillion USD, Texas will rank 11th with 1.696 trillion USD and New York will be 13th with 1.547 trillion USD, overtaking countries like South Korea and Russia.

The California’s economy boom is so distinct due to the thriving technology sector, the entertainment industry and agriculture.

The difference is even greater if the corresponding population is taken into account. Britain has about 66 million inhabitants and the population of California is 40 million.

The British economy has been delaying last year, and many believe that the prospects for it are not particularly good because of the Brexit and ambiguity about the negotiation process.

Of course should be noted that the difference between the two economies is also partly influenced by exchange rate fluctuations.