In 2023, the real gross domestic product of California increased by about two percent when compared to 2022. This was a slight increase in the state's GDP compared to previous years, when the real GDP generally increased by at least one percent.

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

Graph and download economic data for Gross Domestic Product: All Industry Total in California (CANQGSP) from Q1 2005 to Q4 2024 about GSP, CA, industry, GDP, and USA.

Graph and download economic data for Real Gross Domestic Product: All Industry Total in California (CARQGSP) from Q1 2005 to Q4 2024 about GSP, CA, real, industry, GDP, and USA.

In 2023, the finance, insurance, real estate, rental, and leasing industry added the most value to California's gross domestic product, adding 577.27 billion chained 2017 U.S. dollars. The information industry added 452.26 billion U.S. dollars to the state GDP in that year.

This statistic shows the per capita real Gross Domestic Product of California from 2000 to 2019. In 2019, the per capita real GDP of California stood at 70,662 chained 2012 U.S. dollars.

The gross domestic product (GDP) of California was about 3.23 trillion U.S. dollars in 2023, meaning that it contributed the most out of any state to the country’s GDP in that year. In contrast, Vermont had the lowest GDP in the United States, with 35.07 billion U.S. dollars. What is GDP? Gross domestic product, or GDP, is the total monetary value of all goods and services produced by an economy within a certain time period. GDP is used by economists to determine the economic health of an area, as well as to determine the size of the economy. GDP can be determined for countries, states and provinces, and metropolitan areas. While GDP is a good measure of the absolute size of a country's economy and economic activity, it does account for many other factors, making it a poor indicator for measuring the cost or standard of living in a country, or for making cross-country comparisons. GDP of the United States The United States has the largest gross domestic product in the world as of 2023, with China, Japan, Germany, and India rounding out the top five. The GDP of the United States has almost quadrupled since 1990, when it was about 5.9 trillion U.S. dollars, to about 25.46 trillion U.S. dollars in 2022.

Information about this release can be found here (https://www.bea.gov/data/gdp/gdp-state).

For information about BEA industries and other regional definitions, visit their Regional Economic Accounts: Regional Definitions website (https://apps.bea.gov/regional/definitions/).

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

Gross Domestic Product: All Industry Total in California was 4103123.60000 Mil. of $ in January of 2024, according to the United States Federal Reserve. Historically, Gross Domestic Product: All Industry Total in California reached a record high of 4103123.60000 in January of 2024 and a record low of 1071117.00000 in January of 1997. Trading Economics provides the current actual value, an historical data chart and related indicators for Gross Domestic Product: All Industry Total in California - last updated from the United States Federal Reserve on May of 2025.

In 2023, the real GDP of the Los Angeles metro area amount to around 1.08 trillion U.S. dollars, and increase after 2021. The overall quarterly GDP growth in the United States can be found here. Gross domestic product of Los AngelesWith a population of over 12.8 million inhabitants in 2023, Los Angeles is the second-largest city in America, following only New York. The Los Angeles metro area also ranked second among U.S. metro areas in terms of gross metropolitan product, second again only to New York City metro area, which came in with a GMP of 1.99 trillion U.S. dollars to Los Angeles’ 1.13 trillion U.S. dollars in the fiscal year of 2021. Chicago metro area ranked third with GMP of 757.2 billion U.S. dollars. Additional detailed statistics about GDP in the United States is available here. Despite Los Angeles’ high GDP, L.A. did not do as well as some cities in terms of median household income. Los Angeles ranked 9th with a median household income of 76,135 U.S. dollars annually in 2022. This was slightly higher than the median household income of the United States in 2022, which came in at 74,580 U.S. dollars annually. Located in Southern California, Los Angeles is home to Hollywood, the famous epicenter of the U.S. film and television industries. The United States is one of the leading film markets worldwide, producing 449 films in 2022, many of them produced by Hollywood-based studios. In 2018, movie ticket sales in North America generated over 11.89 billion U.S. dollars in box office revenue. Famous Hollywood actresses earn millions annually, with the best paid, Sofia Vergara, earning 43 million U.S. dollars in 2020. Second on the list was Angelina Jolie with earnings of 35.5 million U.S. dollars.

Gross Domestic Product: Government and Government Enterprises in California was 435111.40000 Mil. of $ in January of 2024, according to the United States Federal Reserve. Historically, Gross Domestic Product: Government and Government Enterprises in California reached a record high of 435111.40000 in January of 2024 and a record low of 134912.60000 in January of 1997. Trading Economics provides the current actual value, an historical data chart and related indicators for Gross Domestic Product: Government and Government Enterprises in California - last updated from the United States Federal Reserve on June of 2025.

In 2023, the GDP of the San Francisco Bay Area amounted to 681.89 billion U.S. dollars, an increase from the previous year. The overall quarterly GDP growth in the United States can be found here. The GDP of the San Francisco Bay Area The San Francisco Bay Area, commonly known as the Bay Area, is a metropolitan region that surrounds the San Francisco and San Pablo estuaries in Northern California. The region encompasses metropolitan areas such as San Francisco-Oakland (12th largest in the country), San Jose (31st largest in the country), along with smaller urban and rural areas. Overall, the Bay Area consists of nine counties, 101 cities, and 7,000 square miles. The nine counties are Alameda, Contra Costa, Marin, Napa, San Francisco, San Mateo, Santa Clara, Solano, and Sonoma. There are approximately 4.62 million people living in the metro area as of 2022. Silicon Valley In the ten year period between 2001 and 2011, the Bay Area saw steady GDP growth. Starting in 2012, it began to skyrocket. This is thanks to an economic boom in the tech sector, and high value companies headquartered in Silicon Valley - also part of the Bay Area. Silicon Valley is known as the center of the global technology industry. Companies like Google, Facebook, eBay and Apple are headquartered there. Additionally, California ranked first on a list of U.S. states by GDP, with more than 3.59 trillion U.S. dollars in GDP in 2022.

Gross Domestic Product: Motion Picture and Sound Recording Industries (NAICS 512) in California was 54429.20000 Mil. of $ in January of 2023, according to the United States Federal Reserve. Historically, Gross Domestic Product: Motion Picture and Sound Recording Industries (NAICS 512) in California reached a record high of 56725.50000 in January of 2022 and a record low of 23236.40000 in January of 1997. Trading Economics provides the current actual value, an historical data chart and related indicators for Gross Domestic Product: Motion Picture and Sound Recording Industries (NAICS 512) in California - last updated from the United States Federal Reserve on June of 2025.

Graph and download economic data for Real Gross Domestic Product: All Industry Total in California from 1997 to 2024 about GSP, CA, 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.

Real Gross Domestic Product: All Industry Total in California was 3392761.60000 Mil. of Chn. 2009 $ in October of 2024, according to the United States Federal Reserve. Historically, Real Gross Domestic Product: All Industry Total in California reached a record high of 3392761.60000 in October of 2024 and a record low of 2011957.60000 in January of 2005. Trading Economics provides the current actual value, an historical data chart and related indicators for Real Gross Domestic Product: All Industry Total in California - last updated from the United States Federal Reserve on June of 2025.

San Francisco-Oakland-Berkeley, CA - Total Real Gross Domestic Product for San Francisco-Oakland-Hayward, CA (MSA) was 681890.37100 Mil. of Chn. 2009 $ in January of 2023, according to the United States Federal Reserve. Historically, San Francisco-Oakland-Berkeley, CA - Total Real Gross Domestic Product for San Francisco-Oakland-Hayward, CA (MSA) reached a record high of 681890.37100 in January of 2023 and a record low of 304321.26700 in January of 2002. Trading Economics provides the current actual value, an historical data chart and related indicators for San Francisco-Oakland-Berkeley, CA - Total Real Gross Domestic Product for San Francisco-Oakland-Hayward, CA (MSA) - last updated from the United States Federal Reserve on June of 2025.

Total Gross Domestic Product for Santa Cruz-Watsonville, CA (MSA) was 20186.70900 Mil. of $ in January of 2023, according to the United States Federal Reserve. Historically, Total Gross Domestic Product for Santa Cruz-Watsonville, CA (MSA) reached a record high of 20186.70900 in January of 2023 and a record low of 8634.93300 in January of 2001. Trading Economics provides the current actual value, an historical data chart and related indicators for Total Gross Domestic Product for Santa Cruz-Watsonville, CA (MSA) - last updated from the United States Federal Reserve on June of 2025.