CALIFORNIA'S GOP BEATS OUT FRANCE.California surpassed France in 2000 to become the fifth largest economy in the world, according to the Los Angeles Economic Development Corp., a private, nonprofit research organization. The Los Angeles five-county area's economy has surpassed Spain's, ranking No. 10 in the world. The LAEDC LAEDC - Los Angeles Economic Development Corporation LAEDC - Louisiana Economic Development Council does a yearly analysis of the gross domestic product Gross domestic product (GDP) The market value of final goods and services produced over time including the income of foreign corporations and foreign residents working in the U.S., but excluding the income of U.S. residents and corporations overseas. for all nations with a GDP GDP - Gross Domestic ProductGDP - Gaseous Diffusion Plant GDP - Gateway Discovery Protocol GDP - General Defense Plan (SACEUR) GDP - General Duties of Pilot (Pakistan) GDP - Generalized Documentation Processor GDP - Generalized Drawing Primitive GDP - Gewerkschaft Der Polizei GDP - Global Data Pool GDP - Global Detection Probability GDP - Global Drifter Program GDP - Glow Discharge Plasma GDP - Good Distribution Practice of more than $250 billion and includes California, the Los Angeles five-county area, and Los Angeles County. The world's top five economies in the 2000 comparison are: the United States at No. 1 with an annual GDP of $9,966 billion; Japan at No. 2 with $4,614 billion; Germany is No. 3 with $1,867 billion; the UK is No. 4 with $1,415 billion; and California closes in at No. 5 with $1,330 billion. Los Angeles County by itself continues to rank as the world's 16th largest economy, beating out Russia, Taiwan, Argentina and Switzerland with $352 billion in GDP. |
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