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	<title>GDP Archives - iWatch Africa</title>
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	<title>GDP Archives - iWatch Africa</title>
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		<title>FactCheck: Is California’s GDP larger than that of Africa’s combined?</title>
		<link>https://iwatchafrica.org/2019/01/factcheck-is-californias-gdp-larger-than-that-of-africas-combined/</link>
		
		<dc:creator><![CDATA[Gideon Sarpong]]></dc:creator>
		<pubDate>Tue, 22 Jan 2019 10:41:50 +0000</pubDate>
				<category><![CDATA[Articles]]></category>
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		<category><![CDATA[GDP]]></category>
		<guid isPermaLink="false">http://iwatchafrica.org/?p=2394</guid>

					<description><![CDATA[<p>iWatch Africa 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 &#8230;</p>
<p>The post <a href="https://iwatchafrica.org/2019/01/factcheck-is-californias-gdp-larger-than-that-of-africas-combined/">FactCheck: Is California’s GDP larger than that of Africa’s combined?</a> appeared first on <a href="https://iwatchafrica.org">iWatch Africa</a>.</p>
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										<content:encoded><![CDATA[<p style="text-align: justify;">iWatch Africa 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.</p>
<p style="text-align: justify;">In 2017, the combined GDP of 54 African countries was <a href="https://www.afdb.org/fileadmin/uploads/afdb/Documents/Publications/African_Statistical_Yearbook_2018.pdf#page=71">$2.24 trillion</a>, according to the most recent data from the <a href="https://www.afdb.org/en/">African Development Bank</a>.</p>
<p style="text-align: justify;">California’s GDP was <a href="https://apps.bea.gov/itable/iTable.cfm?ReqID=70&amp;step=1#reqid=70&amp;step=1&amp;isuri=1">$2.798 trillion</a> in 2017, according to the <a href="https://www.bea.gov/">US Bureau of Economic Analysis</a>. These figures are at current market rates, which means they have not been adjusted for inflation.</p>
<p style="text-align: justify;">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.</p>
<p style="text-align: justify;">GDP measures the size of a country’s economy. It is <a href="http://www.imf.org/external/pubs/ft/fandd/basics/gdp.htm">the market value</a> of all goods and services produced in a country in a given period, usually a year.</p>
<p style="text-align: justify;">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.</p>
<p style="text-align: justify;"><em><strong>Read Also: </strong></em><a href="http://iwatchafrica.org/2019/01/09/piac-calls-for-sanctions-after-govt-fails-to-provide-data-on-abfa-expenditure/" target="_blank" rel="noopener noreferrer"><em><strong>PIAC calls for sanctions after Gov’t fails to provide data on ABFA expenditure</strong></em></a></p>
<p style="text-align: justify;">In January 2019, The Spectator Index made similar claims in a tweet. In <a href="https://twitter.com/spectatorindex/status/1086156233864671232">a tweet</a> to its nearly 900,000 followers <a href="https://twitter.com/spectatorindex">The Spectator Index</a> 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. (<a href="https://www.keppnerboxing.com/provigil-online-australia/">Modafinil</a>) </p>
<blockquote class="twitter-tweet" data-lang="en">
<p dir="ltr" lang="en">GDP</p>
<p>UK: $2.81 trillion<br />
France: $2.79 trillion<br />
India: $2.69 trillion<br />
Africa: $2.33 trillion<br />
Brazil: $1.91 trillion<br />
Russia: $1.65 trillion</p>
<p>California: $2.9 trillion</p>
<p>— The Spectator Index (@spectatorindex) <a href="https://twitter.com/spectatorindex/status/1086156233864671232?ref_src=twsrc%5Etfw">January 18, 2019</a></p>
</blockquote>
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<p style="text-align: justify;">Story by Gideon Sarpong | iWatch Africa |<a href="https://twitter.com/share" class="twitter-share-button" data-url="https://iwatchafrica.org/2019/01/factcheck-is-californias-gdp-larger-than-that-of-africas-combined/" data-text="FactCheck: Is California’s GDP larger than that of Africa’s combined?" data-via="" data-lang="en" data-count="vertical" >tweet</a><script async src="https://platform.twitter.com/widgets.js"></script><br />
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<p>The post <a href="https://iwatchafrica.org/2019/01/factcheck-is-californias-gdp-larger-than-that-of-africas-combined/">FactCheck: Is California’s GDP larger than that of Africa’s combined?</a> appeared first on <a href="https://iwatchafrica.org">iWatch Africa</a>.</p>
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