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The economy of the State of California is the largest in the United States, with a $4.080 trillion gross state product (GSP) as of 2024. [1] 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 fourth largest economy, behind Germany and ahead of Japan (4.070
The death toll from the earthquake and resulting fire is the greatest loss of life from a natural disaster in California's history. The most widely accepted estimate for the magnitude of the earthquake is a moment magnitude (M w) or Richter magnitude (M L) of 7.8; [7] however, other values have been proposed, from 7.7 to as high as 8.25. [8]
This is a list of U.S. states and territories by economic growth rate.This article includes a list of the 50 U.S. states, the District of Columbia, and the 5 inhabited U.S. territories sorted by economic growth — the percentage change in real GDP for the third quarter of 2023 is listed (for the 50 states and District of Columbia), using the most recent data available from the U.S. Bureau of ...
The year 1920 was the single most deflationary year in American history; production, however, did not fall as much as might be expected from the deflation. GNP may have declined between 2.5 and 7 percent, even as wholesale prices declined by 36.8%. [32] The economy had a strong recovery following the recession. [33] 1923–1924 recession
New economic data puts the California economy at $2.747 trillion — bigger than most nations. The ranking puts in fifth in the world, just ahead of the United Kingdom, which is on $2.625 trillion.
According to the LAO, California entered an economic downturn last year, with the number of unemployed workers jumping nearly 200,000 since the summer of 2022, raising the unemployment rate from 3 ...
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.
Consumer price increases in California, which averaged 4% last year, should drop to 2.6 this year. The latest national inflation rate , for the 12 months ending in February, was 3.2%, the federal ...