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The economy of the State of California is the largest in the United States, with a $3.987 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 fifth largest economy, behind Japan and ahead of India (3.937 trillion).
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 economy is the largest of any U.S. state, with a $4.0 trillion gross state product as of 2024. [15] It is the largest sub-national economy in the world. California's agricultural industry has the highest output of any U.S. state, [16] [17] [18] and is led by its dairy, almonds, and grapes. [19]
v. t. e. After 1900, California continued to grow rapidly and soon became an agricultural and industrial power. The economy was widely based on specialty agriculture, oil, tourism, shipping, film, and after 1940 advanced technology such as aerospace and electronics industries – along with a significant military presence.
The surge of international migrants since 2021 — including refugees, asylum seekers and others entering legally and illegally — has lifted the U.S. and California economies by filling ...
t. e. The California gold rush (1848–1855) was a gold rush that began on January 24, 1848, when gold was found by James W. Marshall at Sutter's Mill in Coloma, California. [1] The news of gold brought approximately 300,000 people to California from the rest of the United States and abroad. [2] The sudden influx of gold into the money supply ...
Here’s what a recession is like — or would be like: Jobs. They become harder to get and layoffs increase. So far, the picture is mixed. California’s June unemployment rate was 4.2% ...
California produces almondsworth $5.3 billion every year. That is 100% of commercial almonds in the United States, 100% of all of North America, and 80% of commercial almonds around the world. Agriculture is a significant sector in California's economy, producing nearly US$50 billion in revenue in 2018[update].