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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.
The following list includes the annual nominal gross domestic product for each of the 50 U.S. states and the national capital of Washington, D.C. and the GDP change and GDP per capita as of 2024. [1] [3] The total for the United States in this table excludes U.S. territories. The raw GDP data below is measured in millions of U.S. Dollars.
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 Economic Strategy Panel uses employment and wage information reported by employers, along with these regions, for public policy-making, planning, and program administration. [1] Other agencies, specifically including the California Public Utilities Commission and the California Board of Registered Nursing , also provide reports ...
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.
California's economy is dependent on trade and international related commerce accounts for about one-quarter of the state's economy, and representing 7% of their GDP; California's biggest trade partner is Mexico. In 2008, California exported $144 billion worth of goods, up from $134 billion in 2007 and $127 billion in 2006. [288]
“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,” Newsom ...