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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).
The California Economic Strategy Panel uses employment and wage information reported by employers, along with these regions, for public policy-making, planning, and program administration. [1] Other agencies, specifically including the California Public Utilities Commission and the California Board of Registered Nursing , also provide reports ...
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].
The state’s unemployment rate in January was 5.2%.The national rate was 3.7%. Reasons for the higher California rate include people spending their time in what the forecast called “non-market ...
The three U.S. states with the highest GDPs were California ($3.987 trillion), Texas ($2.664 trillion), and New York ($2.226 trillion). The three U.S. states with the lowest GDPs were Vermont ($44.4 billion), Wyoming ($51.4 billion), and Alaska ($69.2 billion). GDP per capita also varied widely throughout the United States in 2024, with New ...
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. This year’s ...
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% ...
The following is a list of California locations by income. California had a per capita income of $29,906 during the five-year period comprising years 2010 through 2014. About every third county and every third place in California had per capita incomes above the state average. Though somewhat counterintuitive, this implies that counties and ...