Graph and download economic data for Real Gross Domestic Product: All Industry Total in California from 1997 to 2023 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: All Industry Total in California (CANQGSP) from Q1 2005 to Q3 2024 about GSP, CA, industry, GDP, and USA.

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.

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.

Graph and download economic data for Real Gross Domestic Product: Health Care and Social Assistance (62) in California (CAHLTHSOCASSRQGSP) from Q1 2005 to Q3 2024 about healthcare, social assistance, health, GSP, private industries, education, CA, services, private, real, industry, GDP, and USA.

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 state of California added about 3.2 trillion chained (2017) U.S. dollars of value to the U.S. real gross domestic product (GDP). Total real GDP amounted to about 22.7 trillion chained (2017) U.S. dollars.

Graph and download economic data for Gross Domestic Product: Transportation and Warehousing (48-49) in California (CATRANSWARENQGSP) from Q1 2005 to Q3 2024 about warehousing, transportation, GSP, private industries, CA, private, 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.

Graph and download economic data for Real Gross Domestic Product: Finance and Insurance (52) in California (CAFININSRQGSP) from Q1 2005 to Q3 2024 about leases, finance, insurance, rent, real estate, GSP, private industries, CA, private, real, industry, GDP, and USA.

Graph and download economic data for Gross Domestic Product: Military in California (CAGOVFEDMILNGSP) from 1997 to 2023 about military, GSP, federal, CA, government, industry, GDP, and USA.

California is the richest state of the United States. The state’s trade volume is currently about 50 billion U.S. dollars, with imports making 70 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 140 thousand dollars working for a Silicon Valley company.

In the fiscal year of 2024, California's state debt stood at about 158.05 billion U.S. dollars. Comparatively, the state's debt was 57.17 billion U.S. dollars in 2000. The national debt of the United Stated can be found here.

In the fiscal year of 2021, total state and local government debt in the state of New York amounted to 20.07 percent of the annual Gross Domestic Product of the state. In Kentucky, this figure amounted to 22.78 percent of the state's annual GDP, the highest of any state.

The national debt of the United Stated can be found here.

Graph and download economic data for Real Gross Domestic Product: Amusement, Gambling, and Recreation Industries (713) in California (CAAMUSERGSP) from 1997 to 2023 about gambling, amusements, arts, entertainment, accommodation, recreation, GSP, private industries, food, CA, services, private, real, industry, GDP, and USA.

Graph and download economic data for Gross Domestic Product: Construction (23) in California (CACONSTNQGSP) from Q1 2005 to Q3 2024 about GSP, private industries, construction, CA, private, industry, GDP, and USA.

California - Total Real Gross Domestic Product for Fresno, CA (MSA) was 46009.31200 Mil. of Chn. 2009 $ in January of 2019, according to the United States Federal Reserve. Historically, California - Total Real Gross Domestic Product for Fresno, CA (MSA) reached a record high of 46009.31200 in January of 2019 and a record low of 28318.84300 in January of 2001. Trading Economics provides the current actual value, an historical data chart and related indicators for California - Total Real Gross Domestic Product for Fresno, CA (MSA) - last updated from the United States Federal Reserve on March of 2025.

Graph and download economic data for Gross Domestic Product: Oil and Gas Extraction (211) in California (CAOILGASNGSP) from 1997 to 2023 about extraction, oil, mining, gas, GSP, private industries, CA, private, industry, GDP, and USA.

Graph and download economic data for Real Gross Domestic Product: Professional, Scientific, and Technical Services (54) in California (CAPROBUSRQGSP) from Q1 2005 to Q3 2024 about science, professional, GSP, private industries, business, CA, services, private, real, industry, GDP, and USA.