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The economy of the State of California is the largest in the United States, with a $3.944 trillion gross state product (GSP) as of 2023. It is the largest sub-national economy in the world. If California were a nation it would rank in terms of nominal GDP as the world's fifth largest economy, behind Japan and ahead of India (3.937
Apr 16, 2024 · California is the 5th largest economy in the world for the seventh consecutive year, with a nominal GDP of nearly $3.9 trillion in 2023 and a growth rate of 6.1% since the year prior, according to the U.S. Bureau of Economic Analysis (BEA).
Economy at a Glance. PRINT: Western Office. California. Data extracted on: July 19, 2024. Source: U.S. Bureau of Labor Statistics. Note: More data series, including additional geographic areas, are available through the "Databases & Tables" tab at the top of this page.
Aug 30, 2023 · Discover the current state of California's economy, including its growth, unemployment rate, and key industries. Get insights from government data provided by the Bureau of Economic Analysis and the Bureau of Labor Statistics.
Jul 15, 2024 · California is the 5th largest economy in the world for the seventh consecutive year, with a nominal GDP of nearly $3.9 trillion in 2023 and a growth rate of 6.1% since the year prior, according to the U.S. Bureau of Economic Analysis.
Oct 24, 2022 · California’s economy has proven relatively resilient, first through the pandemic and now through the current period of elevated inflation. So much so, that the Golden State’s gross domestic product is poised to overtake Germany’s as the fourth largest in the world after the US, China and Japan.
Nov 2, 2022 · Forecasts show California could soon surpass Germany in GDP, a measure that reflects the state's growth and resiliency, but also Germany's economic struggles.
California had a $3.1 trillion economy in 2019. Compared to GDP of nations, this ranks California’s 2019 GDP as 5th largest in the world.1. Real GDP increased in all 50 states (6.4%) in the first quarter of 2021. California real GDP in the first quarter of 2021 was 6.3%.2.
4 days ago · California’s economy is the largest of any U.S. state and is surpassed only by a handful of industrialized countries. Financiers in California have been imaginative in seeking and employing capital, and many of the country’s largest banks and corporations are based in the state.
Jun 14, 2024 · California’s per capita GDP is the second largest among large economies. And just last week, Fortune announced that for the first time since 2014, California is home to the most Fortune 500 companies in the country – beating out Texas, Florida, and all other states.
