food chains A&W Restaurants (1919), McDonald's (1940), Taco Bell (1961), and Panda Express (1983) were all founded in California. Visa Inc. (originally BankAmericard) was born from a 1958 experiment by Bank of America in Fresno, while MasterCard (originally Master Charge) was formed as the Interbank Card Association in 1966 by a group of California banks to compete against BankAmericard. If the state were considered separately, it would rank as the fifth largest economy in the world, behind rest of the United States, China, Japan, and Germany as of 2017. The state recently overtook the United Kingdom to take the fifth spot. The U.S. Bureau of Economic Analysis reported that California's GDP was $2.751 trillion in 3rd quarter 2017. Sectors In 2002, the U.S. government began to use the North American Industry Classification System (NAICS) system of classifying economic activities, to better reflect today's economy. Government is California's largest industry, like most states, with about 2.5 million employees. The second largest industry, according to the Census, is Healthcare and Social Assistance. International trade and tourism California has historically derived significant revenue from international trade and tourism. However, the state's share of America's merchandise export trade has been steadily shrinking since 2000, from 15.4% to 11.1% in 2008. The exports of goods made in California totaled $134 billion in 2007. $48 billion of that total was computers and electronics, followed by transportation, non-electrical machinery, agriculture, and chemicals. California trade and exports translate into high-paying jobs for over one million Californians. According to the US Bureau of Economic Analysis (BEA), in 2005, foreign-controlled companies employed 542,600 California workers, the most of any state. Major sources of foreign investment in California in 2005 were Japan, the United Kingdom, Switzerland, France, and Germany. Foreign investment in California was responsible for 4.6 percent of the state's total private-industry employment in 2009. Total direct travel spending in California reached $96.7 billion in 2008, a 0.8% increase over the preceding year. Los Angeles County receives the most tourism in the state. Agriculture Compared to other states, California has a large agriculture industry (including fruit, vegetables, dairy, and wine production), The total economic contribution is likely more than double this value (see below). Airborne exports of perishable fruits and vegetables amounted to approximately $579 million in 2007. By way of comparison, California exported more agricultural products by air that year than 23 other states did by all modes of