California’s economy is now the sixth largest in the world, according to a new federal report.
The state’s economy, led by the finance and insurance industries, grew at the second fastest rate in the nation last year. Only Oregon’s economy grew faster.
The federal Bureau of Economic Analysis says California’s economy expanded by 5.7 percent in 2015 with an economic output of $2.46 trillion.
California’s economy is sixth in the world after the United States, China, Japan, Germany and the United Kingdom.
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