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California, long considered to have the world's eighth-largest economy, has slipped to ninth place, according to the Palo Alto-based Center for the Continuing Study of the California Economy.

Blame it on Brazil.

With a fast-growing, $2.1 trillion economy, Brazil has slipped past California ($1.9 trillion) into eighth place, according to the center's calculations from the latest World Bank economic rankings.

California was once as high as seventh but was later surpassed by Italy, which remains No. 7, just ahead of Brazil and just behind No. 6 Great Britain.

The United States, of course, is first at $14.5 trillion, followed by China at $5.9 trillion, Japan at $5.5 trillion, Germany at $3.3 trillion and France at $2.6 trillion.

California is just ahead of India's $1.7 trillion. The Los Angeles area, with a $886 billion economy, would rank 16th in world, just behind Australia and just ahead of the Netherlands. The Sacramento area's economy, incidentally, would rank 59th, just behind Qatar and Kazakhstan.

By a wide margin, the economic think tank says, California's economy is the largest of any state, with Texas second at $1.2 trillion, based on data from the federal Bureau of Economic Analysis. They're followed by New York, Florida and Illinois.

However, Texas is catching up fast, with an economy growing half again as fast as California's. The Palo-Alto-based center notes that between 2000 and 2010, Texas had the nation's fourth-fastest growing economy at an average of 2.4 percent per year. California trailed at 1.8 percent. Wyoming's economy was growing the fastest at a 4 percent average, followed by North Dakota and Nevada.

When it comes to economic output per capita (2010), California is also trailing many other states at $51,470, but it's slightly higher than Texas' $48,617. Alaska is tops at $70,030, while California is 10th.



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