Falling between Italy and Brazil, the glorious state of California has, once again, ranked as the world's 8th largest economy. A report released yesterday by the Palo Alto-based Center for Continuing Study of the California Economy "looked at 2009 U.S. Commerce Department estimates for gross domestic product, which valued all goods and services produced in the state at $1.9 trillion," reports Business Week. "When compared to data compiled by the World Bank, California falls behind Italy's $2.1 trillion GDP but ahead of Brazil's $1.6 trillion economy." When compared to other states, Texas was the next largest state with a $1.1 trillion economy, "followed closely behind by New York." [BW]