There is no doubt about it: the state of California has many reasons to brag. From its massive economy to its amazing cities that draw travelers from all over the world, here is a closer look at just how powerful California and its cities really are.
California Boasts the Sixth Largest Economy in the World
According to new gross domestic product data from the International Monetary Fund, California has the sixth largest economy in the world. These figures represent a rebound when compared to 2014, at a time which the state slipped to the eighth place position with Brazil taking the seventh place position. Following a recession in Brazil last year, however, the country fell back to the tenth place position.
Overall, the United States has the largest economy in the world with a GDP of $17.9 trillion. China came in the second place position with a GDP of $10.9 trillion while Japan, Germany and the United Kingdom rounded out the rest of the top 5. California took the sixth place position with a GDP of $2.4 trillion. In addition, California tied with the state of Oregon for the highest percentage jump in GDP last year.
Los Angeles/Anaheim Area One of the Top Destinations in the United States
In addition to having the sixth largest GDP in the world, California is also home to the third most popular destination for U.S. travelers: the Los Angeles/Anaheim area. According to a survey conducted by AAA and the Automobile Club of Southern California, the top 10 most popular destinations in the country for trips planned for June 1 through August 15 include:
- Orlando, Florida
- Seattle, Washington
- Los Angeles/Anaheim, California
- Honolulu, Hawaii
- Las Vegas, Nevada
- Anchorage, Alaska
- New York, New York
- Maui, Hawaii
- San Francisco, California
- Denver, Colorado
The recent additions to theme parks in Southern California are among the many reasons why the Los Angeles/Anaheim area is popular among travelers. Some of the new attractions brought to the theme parks this year include, The Wizarding World of Harry Potter at Universal Studios Hollywood and Disney’s “Soarin’ Around the World” ride and “Frozen” musical. Last year, the region was listed as the seventh most popular destination during the summer. Six Flags Magic Mountain has also added the new Revolution Virtual Reality coaster, while Legoland California Resort has added Lego Ninjago the Ride.
In addition to exploring popular destinations in the United States, the survey also found that the top ten international destinations for this summer include:
- Rome, Italy
- London, England
- Cancun, Mexico
- Vancouver, Canada
- Paris, France
- Dublin, Ireland
- Punta Cana, Dominican Republic
- Montego Bay, Jamaica
- Calgary, Canada
- Amsterdam, Netherlands
Europe remains a popular destination amongst American travelers for many reasons. These include the strong dollar and discounted pricing. Among those choosing to stay in the states, the survey also found that nearly 56 percent of Americans plan to have at least one driving vacation this summer
California is truly an impressive state. If you want to learn more about Southern California, especially Los Angeles real estate opportunities, contact our team of luxury real estate experts. We specialize in high-end properties in Southern California’s most exclusive communities.
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(all data current as of 11/20/2017)
Listing information deemed reliable but not guaranteed. Read full disclaimer.