Markets
Visualizing California’s GDP Compared to Countries
Article/Editing:
California’s GDP Compared to Countries
Comedian Trevor Noah once said America is fifty little countries masquerading as one.
From an economic sense, this might carry some truth. When looking at the economic output of each state, especially the largest and wealthiest ones, they often compare to or even exceed the GDPs of entire nations.
To illustrate, this visual from StatsPanda looks at California’s $3.36 trillion GDP using data from The World Bank and compares it to 10 sizable country economies. Let’s take a closer look.
Sizing Up California’s GDP in 2021
California’s $3+ trillion GDP is an enormous figure in its own right, so it’s no surprise that it is larger than certain nations’ economic output.
But even when comparing with economies like Malaysia, Colombia, and Finland, all among the top 50 countries by GDP, California stands tall.
| Country | GDP (2021 USD) |
|---|---|
| 🇲🇾 Malaysia | $372B |
| 🇭🇰 Hong Kong | $369B |
| 🇻🇳 Vietnam | $366B |
| 🇮🇷 Iran | $359B |
| 🇵🇰 Pakistan | $348B |
| 🇨🇱 Chile | $317B |
| 🇨🇴 Colombia | $314B |
| 🇫🇮 Finland | $297B |
| 🇷🇴 Romania | $284B |
| 🇨🇿 Czechia | $281B |
| Total | $3.31T |
| California | $3.36T |
What’s more, these 10 countries are quite densely populated, with a combined population of 653 million compared to California’s 39 million total.
A Closer Look At California’s Economy
What makes California’s GDP so vast and their economy so powerful?
Relative population is a big factor, as the state is the most populous in the U.S. with roughly 12% of the country’s population calling it home. But since California’s GDP makes up over 15% of the country’s economic output, there must be something else at work.
One key driver is the technology sector. Not only does Silicon Valley generate massive amounts of technological output, this also translates directly to wealth and economic activity. Many tech markets follow winner-take-all dynamics, bringing large revenues back to the state. In addition, smaller technology companies are frequently gobbled up by larger competitors, adding wealth back into the mix through M&A.
This might partly explain why California’s GDP is actually estimated to overtake Germany’s in the coming years and become the world’s 4th largest economy.
This article was published as a part of Visual Capitalist's Creator Program, which features data-driven visuals from some of our favorite Creators around the world.
Economy
Visualizing the Most Sought-After Entry Level Jobs in 2023
Some jobs need a degree, while others don’t. Here are the top 20 most sought-after entry level jobs with and without a degree.
The Most Sought-After Entry Level Jobs of 2023
In the fast-paced realm of job hunting, staying ahead of the curve is crucial. And if you are an entry-level job applicant, the pressure is a notch higher.
New entrants in any job market today compete with groundbreaking technology like ChatGPT in addition to their peers. In the United States, these applicants have to also wade through an uncertain labor market, inflation, and long lists of job requirements.
Indeed.com has identified the most sought-after entry level positions for applicants both with and without a degree in the U.S., and the year-on-year growth of these job postings.
Most Sought-After Entry-Level Jobs With a Degree
As the U.S. job market recovers from its pandemic slump, some careers are now booming. This in turn has opened up numerous opportunities for entry-level job applicants.
| Rank | Job Title | Average Annual Salary | Change in Postings (2022‒2023) |
|---|---|---|---|
| 1 | Outside Sales Representative | $60,000 | +258% |
| 2 | Transportation Coordinator | $47,500 | +227% |
| 3 | Quality Auditor | $84,500 | +131% |
| 4 | Accounting | $52,000 | +125% |
| 5 | Tax Preparer | $67,500 | +123% |
| 6 | Loan Processor | $55,000 | +100% |
| 7 | Retention Specialist | $50,000 | +100% |
| 8 | Network Operations Technician | $85,500 | +94% |
| 9 | Mental Health Manager | $42,000 | +93% |
| 10 | Speech-Language Pathologist | $60,000 | +84% |
| 11 | Geotechnical Engineer | $65,000 | +80% |
| 12 | Patient Access Manager | $90,000 | +77% |
| 13 | HR Coordinator | $67,500 | +75% |
| 14 | Lead Generation Specialist | $62,500 | +73% |
| 15 | Design Coordinator | $55,000 | +73% |
| 16 | Pharmaceutical Sales Representative | $74,378 | +71% |
| 17 | Behavioral Therapist | $50,000 | +68% |
| 18 | Special Events Coordinator | $54,000 | +67% |
| 19 | IT Engineer | $92,500 | +67% |
| 20 | Structural Engineer | $90,000 | +63% |
The demand for sales jobs multiplied this year as customer-facing businesses slowly returned to their pre-pandemic levels.
At the top of this list is the job for an Outside Sales Representative. Paying upwards of $60,000, postings for this job have grown by over 250% in a year, making it the most sought-after position for applicants with a degree.
The healthcare industry has secured its place in the top ranks too. Careers including mental health case managers, speech pathologists, behavioral therapists, and patient access managers dominate the Top 20 list.
Let’s not forget about the tech sector. While entry-level network technicians can earn upwards of $85,000 on average, while IT engineers are paid an entry package of over $90,000.
Most Sought-After Entry-Level Jobs Without a Degree
Nearly 65% of the U.S. working population does not have a four-year degree. However, millions of these workers continue to be highly skilled across professions and have a shot at some of the most sought-after entry level jobs in the country.
| Rank | Job Title | Average Annual Salary | Change in Postings (2022‒2023) |
|---|---|---|---|
| 1 | Inventory Manager | $59,000 | +189% |
| 2 | Auto Body Technician | $82,500 | +100% |
| 3 | Environmental Health and Safety Specialist | $65,000 | +100% |
| 4 | Salon Manager | $41,000 | +95% |
| 5 | Drafting Technician | $50,000 | +94% |
| 6 | Business Analyst | $72,500 | +82% |
| 7 | Sheet Metal Mechanic | $62,140 | +67% |
| 8 | Aircraft Maintenance Technician | $57,500 | +64% |
| 9 | Catering Manager | $47,500 | +56% |
| 10 | Transportation/Logistics Coordinator | $62,500 | +53% |
| 11 | Route Sales Representative | $50,000 | +51% |
| 12 | Rental Agent | $45,520 | +50% |
| 13 | Distribution Center Coordinator | $52,500 | +47% |
| 14 | General Maintenance Technician | $40,650 | +46% |
| 15 | Patient Care Coordinator | $43,152 | +44% |
| 16 | Forestry Technician | $45,760 | +43% |
| 17 | Relationship Banker | $43,576 | +43% |
| 18 | Field Sales Representative | $57,018 | +42% |
| 19 | Park Ranger | $45,912 | +42% |
| 20 | Warehouse Receiver | $45,000 | +39% |
One example of this job is that of an Inventory Manager. The demand for skilled inventory managers in warehouses and companies post-pandemic has doubled the position’s job share in a year.
One of the highest paying non-degree jobs in this list—Auto Body Technician—can fetch highly-skilled entry-level workers a salary of $82,000 per year.
These jobs don’t seem to require a degree according to Indeed. However, the rising competition for these positions might give the upper edge to applicants with one, especially for jobs on the list such as Business Analyst and Relationship Banker.
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