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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).
Agriculture in California. California produces almonds worth $5.3 billion every year. That is 100% of commercial almonds in the United States, 100% of all of North America, and 80% of commercial almonds around the world. Agriculture is a significant sector in California's economy, producing nearly US$ 50 billion in revenue in 2018.
The California Association of Realtors predicts the median home price in the state will go up 6.2% next year to $860,300. This year’s average is $810,000, down 1.5% from 2022. The 2024 ...
Mortgage rates last week for a 30-year fixed rate loan averaged 6.87%, according to Freddie Mac, which tracks rates. The average rate during the week in January 2017 when Trump took office. was 4. ...
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 ...
Los Angeles, [a] often referred to by its initials L.A., is the most populous city in the U.S. state of California.With roughly 3.9 million residents within the city limits as of 2020, [7] It is the second-most populous city in the United States, behind only New York City; it is also the commercial, financial and cultural center of Southern California.
California is a state in the Western United States, lying on the American Pacific Coast. It borders Oregon to the north, Nevada and Arizona to the east, and an international border with the Mexican state of Baja California to the south. With 39 million residents across an area of 163,696 square miles (423,970 km 2 ), it is the most populous U.S ...
WalletHub ranked all 50 states in the U.S. based on economic activity, health and potential. California’s economy is among the best in the nation, new study reveals. Who’s No. 1?