Texas has the second largest economy in the United States after the economy of California. It had a gross state product of US$1.887 trillion in 2019. Texas was home to six of the top 50 companies on the Fortune 500 list in 2015 (third most after New York and California). In 2017, Texas grossed more than US$264.5 billion a year in exports—more than the exports of California (US$172 billion) and New York (US$77.9 billion) combined. As a sovereign country, in 2016, Texas would be the 10th largest economy in the world by gross domestic product (GDP), ahead of South Korea and Canada and behind Brazil.