California is the richest state of the United States. The state’s trade volume is currently about 58 billion U.S. dollars, with imports making about 75 percent of this value. Compared to Texas, the second-largest state after itself, California exported less goods to the rest of the world over this period. California’s economic contribution California’s economic output places the state at the top in the United States. Measured by GDP, California contributed 3.2 trillion U.S. dollars to the U.S. economy, 50 percent more than that of Texas. On a per capita basis, California’s GDP corresponds to almost 83 thousand U.S. dollars in real terms. Tech companies and wages in California California is the home to technology powerhouses of the United States. The world’s highest capping tech companies such as Apple and Google were founded and headquartered in California. According to a 2023 study, Silicon Valley was also the leading hub that offered the highest wages to tech workers. On average, a tech employee earned around 142 thousand dollars working for a Silicon Valley company.

Graph and download economic data for Real Gross Domestic Product: All Industry Total in California (CARQGSP) from Q1 2005 to Q1 2025 about GSP, CA, real, industry, GDP, and USA.

Graph and download economic data for Real Gross Domestic Product: All Industry Total in California (CARGSP) from 1997 to 2024 about GSP, CA, real, industry, GDP, and USA.

In 2023, the real gross domestic product (GDP) of California was 3.23 trillion U.S. dollars. This is a slight increase from the previous year, when the state's GDP stood at 3.23 trillion U.S. dollars.

Graph and download economic data for Gross Domestic Product: Construction (23) in California (CACONSTNQGSP) from Q1 2005 to Q1 2025 about GSP, private industries, construction, CA, private, industry, GDP, and USA.

The statistic shows the gross domestic product (GDP) of the United States from 1987 to 2024, with projections up until 2030. The gross domestic product of the United States in 2024 amounted to around 29.18 trillion U.S. dollars. The United States and the economy The United States’ economy is by far the largest in the world; a status which can be determined by several key factors, one being gross domestic product: A look at the GDP of the main industrialized and emerging countries shows a significant difference between US GDP and the GDP of China, the runner-up in the ranking, as well as the followers Japan, Germany and France. Interestingly, it is assumed that China will have surpassed the States in terms of GDP by 2030, but for now, the United States is among the leading countries in almost all other relevant rankings and statistics, trade and employment for example. See the U.S. GDP growth rate here. Just like in other countries, the American economy suffered a severe setback when the economic crisis occurred in 2008. The American economy entered a recession caused by the collapsing real estate market and increasing unemployment. Despite this, the standard of living is considered quite high; life expectancy in the United States has been continually increasing slightly over the past decade, the unemployment rate in the United States has been steadily recovering and decreasing since the crisis, and the Big Mac Index, which represents the global prices for a Big Mac, a popular indicator for the purchasing power of an economy, shows that the United States’ purchasing power in particular is only slightly lower than that of the euro area.

Graph and download economic data for Gross Domestic Product: Finance and Insurance (52) in California (CAFININSNQGSP) from Q1 2005 to Q1 2025 about leases, finance, insurance, rent, real estate, GSP, private industries, CA, private, industry, GDP, and USA.

Chain-Type Quantity Index for Real GDP: All Industry Total in California was 123.79900 Index 2009=100 in October of 2024, according to the United States Federal Reserve. Historically, Chain-Type Quantity Index for Real GDP: All Industry Total in California reached a record high of 123.79900 in October of 2024 and a record low of 73.41400 in January of 2005. Trading Economics provides the current actual value, an historical data chart and related indicators for Chain-Type Quantity Index for Real GDP: All Industry Total in California - last updated from the United States Federal Reserve on June of 2025.

Graph and download economic data for Real Gross Domestic Product: Manufacturing (31-33) in California (CAMANRQGSP) from Q1 2005 to Q1 2025 about GSP, private industries, CA, private, manufacturing, real, industry, GDP, and USA.

Chain-Type Quantity Index for Real GDP: Government and Government Enterprises in California was 108.80500 Index 2009=100 in October of 2024, according to the United States Federal Reserve. Historically, Chain-Type Quantity Index for Real GDP: Government and Government Enterprises in California reached a record high of 111.16600 in January of 2020 and a record low of 98.62300 in July of 2012. Trading Economics provides the current actual value, an historical data chart and related indicators for Chain-Type Quantity Index for Real GDP: Government and Government Enterprises in California - last updated from the United States Federal Reserve on May of 2025.

Graph and download economic data for Real Gross Domestic Product: Private Industries in California (CAPIRQGSP) from Q1 2005 to Q1 2025 about GSP, private industries, CA, private, real, industry, GDP, and USA.

Out of all 50 states, New York had the highest per-capita real gross domestic product (GDP) in 2023, at 90,730 U.S. dollars, followed closely by Massachusetts. Mississippi had the lowest per-capita real GDP, at 39,102 U.S. dollars. While not a state, the District of Columbia had a per capita GDP of more than 214,000 U.S. dollars. What is real GDP? A country’s real GDP is a measure that shows the value of the goods and services produced by an economy and is adjusted for inflation. The real GDP of a country helps economists to see the health of a country’s economy and its standard of living. Downturns in GDP growth can indicate financial difficulties, such as the financial crisis of 2008 and 2009, when the U.S. GDP decreased by 2.5 percent. The COVID-19 pandemic had a significant impact on U.S. GDP, shrinking the economy 2.8 percent. The U.S. economy rebounded in 2021, however, growing by nearly six percent. Why real GDP per capita matters Real GDP per capita takes the GDP of a country, state, or metropolitan area and divides it by the number of people in that area. Some argue that per-capita GDP is more important than the GDP of a country, as it is a good indicator of whether or not the country’s population is getting wealthier, thus increasing the standard of living in that area. The best measure of standard of living when comparing across countries is thought to be GDP per capita at purchasing power parity (PPP) which uses the prices of specific goods to compare the absolute purchasing power of a countries currency.

This graph shows a forecast of the gross domestic product of the United States of America for fiscal years 2024 to 2034. GDP refers to the market value of all final goods and services produced within a country in a given period. According to the CBO, the United States GDP will increase steadily over the next decade from 28.18 trillion U.S. dollars in 2023 to 41.65 trillion U.S. dollars in 2034. The annual GDP of the United States for recent years can be found here. Also, view the monthly inflation rate for the country.

Graph and download economic data for Real Gross Domestic Product: Retail Trade (44-45) in California (CARETAILRQGSP) from Q1 2005 to Q1 2025 about GSP, retail trade, private industries, CA, sales, retail, private, real, industry, GDP, and USA.

The statistic shows the national debt of the United States from 2019 to 2022 in relation to the gross domestic product (GDP), with projections up until 2029. In 2022, the national debt of the United States was at around 120.03 percent of the gross domestic product. See the US GDP for further information. US finances There has been a dramatic increase in the public debt of the United States since 1990, although the month-to-month change has been quite stable over the last few months. Public debt is defined as the amount of money borrowed by a country to cover budget deficits. A ranking of individual state debt in the United States shows that California is leading by a clear margin, with more than double the amount of runner-up New York. Vermont, North Dakota and South Dakota are the states with the lowest amount of debt. Even before the recession of 2008, the national debt of the United States had been increasing steadily and excessively, and it is predicted to rise even further. Budget cuts and fewer job opportunities as a result of the crisis are taking their toll on the American economy, which is still recovering. Trade figures as well as unemployment are still below average. Subsequently, the national debt and the national debt of the United States per capita have more or less quadrupled since the 1990s. Interestingly, the United States is not even among the top ten of countries with the highest public debt in relation to gross domestic product in international comparison. Japan, Greece and Italy – among others – report far higher figures than the United States.

Graph and download economic data for Gross Domestic Product: Professional, Scientific, and Technical Services (54) in California (CAPROBUSNQGSP) from Q1 2005 to Q1 2025 about science, professional, GSP, private industries, business, CA, services, private, industry, GDP, and USA.

Graph and download economic data for Real Gross Domestic Product: Health Care and Social Assistance (62) in California (CAHLTHSOCASSRQGSP) from Q1 2005 to Q1 2025 about healthcare, social assistance, health, GSP, private industries, education, CA, services, private, real, industry, GDP, and USA.

Graph and download economic data for Gross Domestic Product: Real Estate and Rental and Leasing (53) in California (CARERENTLEANQGSP) from Q1 2005 to Q1 2025 about leases, finance, insurance, rent, real estate, GSP, private industries, CA, private, industry, GDP, and USA.

Chain-Type Quantity Index for Real GDP: Private Industries in California was 125.88300 Index 2009=100 in October of 2024, according to the United States Federal Reserve. Historically, Chain-Type Quantity Index for Real GDP: Private Industries in California reached a record high of 125.88300 in October of 2024 and a record low of 70.99600 in January of 2005. Trading Economics provides the current actual value, an historical data chart and related indicators for Chain-Type Quantity Index for Real GDP: Private Industries in California - last updated from the United States Federal Reserve on July of 2025.

Graph and download economic data for Gross Domestic Product: Transportation and Warehousing (48-49) in California (CATRANSWARENQGSP) from Q1 2005 to Q1 2025 about warehousing, transportation, GSP, private industries, CA, private, industry, GDP, and USA.