By Dale Kasler
Published: Tuesday, Sep. 11, 2012 – 12:00 am | Page 5B
Last Modified: Tuesday, Sep. 11, 2012 – 7:44 am
California’s economy is the world’s ninth-largest.
As for Sacramento, it’s No. 58, tied with Bangladesh.
The latest rankings, compiled from World Bank data and other sources, show that California remains one of the heavyweights of the global economy. But many countries are moving up quickly.
California generated $1.96 trillion in gross domestic product in 2011, keeping the No. 9 spot for the second year in a row.
The world rankings have long been a source of pride in California, but the numbers show the state is gradually dropping behind other fast-growing economies.
A decade ago, California was ranked fifth. It was No. 8 as recently as 2009. But in recent years it’s been overtaken by the likes of China and Brazil.
Stephen Levy, an economic consultant in Palo Alto, said Monday the state could jump ahead of slumping Italy, which ranked eighth in 2011. But California could also fall behind fast-growing India and Russia.
Levy said California is growing, just not as quickly as some of the emerging economic powerhouses.
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