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If the Bay Area Were a Country: World’s 10th Largest Economy
Last week the San Francisco Chronicle spread word of a new report from the Bay Area Council Economic Institute and Booz & Co.:
The Bay Area Council Economic Institute website provides more information about what makes this economy unique (though here the ranking is listed as 24th, not 10th):
The Bay Area Council Economic Institute serves one of the
world’s most innovative, competitive and diverse regional economies. The success
of the Bay Area economy is built on an unparalleled culture of entrepreneurship.
The Bay Area competes strongly in national and international markets as a
knowledge-based, innovation-led economy.
Global & National Competitiveness
With an economy of almost $300 billion, the Bay Area ranks 24th in
the world when compared to national economies. On a per capita basis, it ranks
ahead of all national economies, including the U.S. The region is at the cutting
edge of global technology, and is a leader in many key indicators of regional,
global and national competitiveness, including:
The nine-county Bay Area embraces San Francisco, Marin, Napa,
Sonoma,Solano, Contra Costa, Alameda, Santa Clara and San Mateo Counties, and is
the only region in the nation claiming three major cities—San Francisco,
Oakland and San Jose—as well as the high technology center of Silicon Valley,
and the heart of Northern California’s wine country.
With a market of more than six million residents, the
Bay Area is California’s second largest and the nation’s fourth largest