Orange County’s economy is larger than Oregon, New Zealand’s and nearly overtakes Google – Orange County Register

“Poll Says” examines various rankings and scorecards judging geographic locations while noting that these ratings are best viewed as a mix of art and data.

Buzz: California has 11 of the nation’s 50 largest county economies.

Source: My trusty spreadsheet reviewed various economic output figures, including the 2020 gross domestic product by county from the Bureau of Economic Analysis, the World Bank’s national GDPs for 2020, and the 2021 sales of major US state-owned companies. of Entreprisesmarketcap.com.

Details

It is often difficult to grasp how often the Golden State economy is maligned.

Just look at what the recent local business activity data release tells us. When I put the county-wide results measured by the math of GDP into a geographic perspective, even California’s 11th largest economy, Contra Costa County, has more business value than is produced in all of New Hampshire. or in Luxembourg or sold by Pepsico.

Let’s begin our analysis with the state’s largest economy, Los Angeles County. Its economic output in 2020 was valued at $ 659 billion, even after declining 6.3% in a pandemic year. By the way, the national economy shrank by 3.4% in 2020.

Now, $ 659 billion is a big number. What size?

1. Of the 3,000 counties in the United States, it is the largest, easily overtaking New York County, No. 2 in Manhattan.

2. If LA County were a state, its economy would rank 7th between Pennsylvania and Ohio.

3. If LA County were a nation, it would be the 21st largest economy in the world, between Saudi Arabia and Poland.

4. And if you look at GDP through the prism of sales volume, LA County’s $ 221 billion would make it No. 1 in U.S. corporate earnings – bigger than retailer Walmart, the largest company in the world. country for sales.

Elsewhere in California

Saint Clare: $ 340 billion in GDP for 2020, fifth among all US counties (just ahead of King County in Seattle) after growing 4.4% in 2020. As a state, it would rank 17th among the Colorado and Indiana. As a nation, it would rank 37th between Hong Kong and Singapore. And its cash flow to the company’s revenue would make it the No.5 company in sales – between Warren Buffet’s Berkshire Hathaway and CVS Health.

Orange: $ 221 billion, County 9 (just ahead of San Diego County) after declining 4.4% in 2020. As a state, it is 25th between Louisiana and Oregon. As a nation, No. 49 between Portugal and New Zealand. It ranks 10th among US public companies – between Alphabet (Google) of technology and AmerisourceBergen of medicine.

San Diego: $ 208 billion, No. 10 (just ahead of San Francisco County) after a 2.9% drop in 2020. As a state, No. 27 between South Carolina and Alabama. As a country, No. 50 between New Zealand and Iran. And in relation to the company’s revenue, it ranks 11th between AmerisourceBergen and retailer Costco.

San Francisco: $ 175 billion, No. 11 (just ahead of Fulton County in Atlanta) after declining 0.8% in 2020. As a state, No. 30 between Kentucky and Utah. As a nation, 53rd between Greece and Kazakhstan. And relative to business revenues, it ranks 13th between Microsoft in technology and AT&T in telecommunications.

San Mateo: $ 124 billion, No. 15 (just ahead of Alameda County) after declining 1.1% in 2020. As a state, No. 34 between Nevada and the District of Columbia. As a nation, 59th between Qatar and Morocco. And in terms of corporate income, it ranks 24th between automaker General Motors and bank JPMorgan Chase.

Alameda: $ 122 billion, # 16 (just ahead of Hennepin County in Minneapolis) – after declining 3.5% in 2020. As a state, # 35 between the District of Columbia and Nebraska. As a nation, it is No.59 between Qatar and Morocco. And in terms of corporate income, it ranks 24th between General Motors and JPMorgan Chase.

Saint-Bernardin: $ 82.2 billion, No. 39 (just ahead of DuPage County, Illinois) after declining 1.9% in 2020. As a state, No. 39 between New Mexico and New Mexico Hampshire. As a nation, it’s 67th between Ecuador and Sri Lanka. And in relation to the company’s revenue, it ranks 38th between the FedEx and Humana shipper of medicine.

Sacramento: $ 81.6 billion, # 41 (just ahead of Montgomery County, Alabama) after declining 2.8% in 2020. As a state, # 39 between New Mexico and New Hampshire. As a nation, # 67 between Ecuador and Sri Lanka. And in relation to corporate income, No. 38 between FedEx and Humana.

Riverside: $ 78.3 billion, # 44 (just ahead of Fairfield County, Connecticut) after declining 3% in 2020. As a state, # 39 between New Mexico and New Hampshire. As a nation, No. 70 between the Dominican Republic and Guatemala. And in relation to corporate revenue, it ranks 43rd between Intel and Procter & Gamble.

Against Costa: $ 76.7 billion, No. 46 (just ahead of Palm Beach County, Florida) after declining 3.3% in 2020. As a state, No. 39 between New Mexico and New Hampshire . As a nation, it is number 71 between Guatemala and Luxembourg. And in relation to corporate revenues, it ranks 44th between Procter & Gamble and Pepsico.

Final result

Hope this list helps you understand that despite all the imperfections of California’s business climate, its economy remains a huge sum of things managed, designed, built, shipped, and sold.

The size says something. And many foreigners would love to have the economic headaches of the state.

Jonathan Lansner is the business columnist for the Southern California News Group. He can be contacted at [email protected]


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