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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.
Articles relating to the economy of California, the largest in the United States, boasting a $3.2 trillion gross state product (GSP) as of 2019. If California were a sovereign nation (2019), it would rank as the world's fifth largest economy , ahead of India and behind Germany .
“The forces driving California’s economy remain robust,” said the analysis by Jerry Nickelsburg, forecast director. Consumer price increases in California, which averaged 4% last year ...
The California Legislative Analyst's Office reported it to be 266% greater, $22k vs. $6k. [1]: 14 For example, the developer planning to redevelop the site of a former Naval Hospital in Oakland with a residential community of 935 homes will be paying $20M (= $21k / home) in fees to the City of Oakland's affordable housing fund. [74]
California’s unemployment rate continues to be among the nation’s highest. California economy is having a ‘subpar’ year in 2024, study shows Skip to main content
They cite the economic data released by the federal government last week, showing the economy contracted for the second straight quarter. That has long been considered the definition of a recession.
The agricultural industry in California is the largest in the U.S. Agriculture is an important sector in California's economy. According to the USDA in 2011, the three largest California agricultural products by value were milk and cream, shelled almonds, and grapes. [21]
Unemployment is low under Biden--but it was also low under Trump