Fact Check: Is California’s GDP Larger Than That of Africa’s Combined?
WakeUpAfrica’s assessment of recently published data by the African Development Bank, can confirm that the US state of California has a larger gross domestic product than that of all African countries put together.
Though many economic analysts hold the view that GDP at market rates does not always reflect the cost of living in a country, it is the most appropriate measure to get a sense of the size of an economy.
GDP measures the size of a country’s economy. It is the market value of all goods and services produced in a country in a given period, usually a year.
California’s GDP is so large it makes up 14% of the United States’ total GDP of $19.48 Trillion, and larger than that of some OECD countries including UK, France, and Russia.
In January 2019, The Spectator Index made similar claims in a tweet.
In a tweet to its nearly 900,000 followers, The Spectator Index said the state’s GDP was US$2.9 Trillion, and Africa’s $2.33 Trillion. More than this, California had a bigger economy than the UK, France, India, Brazil and Russia, the tweet said.
UK: $2.81 Trillion
France: $2.79 Trillion
India: $2.69 Trillion
Africa: $2.33 Trillion
Brazil: $1.91 Trillion
Russia: $1.65 Trillion
California: $2.9 Trillion— The Spectator Index (@spectatorindex) January 18, 2019
Nigerians react to the CJN suspension
By Gideon Sarpong | WakeUpAfrica360