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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 sixth largest economy , behind India ( 4.27 trillion ) and ahead of the ...
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 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.
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.
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If these are not passed, more severe cuts are expected. California's unemployment rate also fell from a high above 12.4% to below 11% in 2012. [13] In 2017 a miscalculation of the costs for the state's Medi-Cal program of $1.9 billion in 2016 led Governor Jerry Brown to project the state of California will face a $1.6 billion budget deficit. [14]
Tax collection woes and migration have been a big problem.
California has led the United States from 2010 to 2017 with its sustainable energy plans (also known as "clean energy"), with Clean Edge's Clean Energy Index for 2017 rating it at 92.0, with the second ranked state being Massachusetts, at 77.8, and North Dakota the lowest at 8.0. California is the only state with extensive deployment of wind ...