Bay Area - among the top 25 largest economies in the world!

On Tuesday, the SF Chronicle reported that the Center for Continuing Study of the California Economy estimated that the 2008 GDP (gross domestic product) of the Bay Area would rank 22nd among world economies!! So if the Bay Area were a nation, its $487 billion economy would top Sweden (who has a $480 billion economy)............... California, in its entirety, would rank as the 8th largest world economy.

They estimate that between now and 2017 about 100,000 jobs will be created for transportation and wholesale trade, 400,000 jobs in professional, technical and information services sectors, and about 100,000 in the tourism and entertainment fields. They also point out that in addition to job creation, there will also be a surge of opportunities for job replacement as baby boomers move into retirement, estimating that for every 100 new jobs created in the next 10 years, 150 replacement jobs will be available to replace existing workers.

Hopefully, this sheds some light on our road of recovery here in California. Onward and upward!