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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 ...
Overall, in the calendar year 2024, the United States' Nominal GDP at Current Prices totaled at $29.017 trillion, as compared to $25.744 trillion in 2022. The three U.S. states with the highest GDPs were California ($4.080 trillion), Texas ($2.695 trillion), and New York ($2.284 trillion).
Newsom's office, citing the U.S. Bureau of Economic Analysis, said California is the 5th-largest economy in the world with a nominal GDP of nearly $3.9 trillion in 2023.
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 ...
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
California's economy is the largest of any U.S. state, with a $4.0 trillion gross state product as of 2024. [14] It is the largest sub-national economy in the world. California's agricultural industry has the highest output of any U.S. state, [15] [16] [17] and is led by its dairy, almonds, and grapes. [18]
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.
The western portion of Alta California was then organized and admitted as the 31st state in 1850, as a free state, following the Compromise of 1850. California's economy is the largest of any U.S. state, with a $4.0 trillion gross state product as of 2024. It is the largest sub-national economy in the world.