Stories

A look at the scale of California's economy

An aerial view of the freeways in Los Angeles
Los Angeles freeways from an aerial view. Photo: Ken Ross/VW Pics via Getty Images

California has become the world's fifth largest economy — and the New York Times examines how "all of that money pouring in to California’s tech and entertainment industries produces a big wealth effect."

An eye-popping stat: "Apple ... brought in more revenue in its latest fiscal year — $229 billion — than the entire economic output of Wyoming, five times over."