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.

Annual Provincial and Territorial Gross Domestic Product (GDP) at basic prices, by North American Industry Classification aggregates, in chained and current dollars, growth rate.

Gross Domestic Product (GDP) at basic prices, by various North American Industry Classification System (NAICS) aggregates, by Industry, volume measures, (dollars x 1,000,000), monthly, 5 most recent time periods.

Canada CA: Contribution to Growth in Real GDP: Change in Inventories data was reported at 0.000 % in 2026. This records a decrease from the previous number of 0.001 % for 2025. Canada CA: Contribution to Growth in Real GDP: Change in Inventories data is updated yearly, averaging 0.000 % from Dec 1962 (Median) to 2026, with 65 observations. The data reached an all-time high of 0.023 % in 2022 and a record low of -0.029 % in 1982. Canada CA: Contribution to Growth in Real GDP: Change in Inventories data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Canada – Table CA.OECD.EO: GDP: Growth and Contribution to Growth: Forecast: OECD Member: Annual. CQ_ISKV-Change in inventories, contributions to growth in real GDP

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.

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.

Canada CA: Contribution to Growth in Real GDP: Net Exports data was reported at -0.000 % in 2026. This records an increase from the previous number of -0.001 % for 2025. Canada CA: Contribution to Growth in Real GDP: Net Exports data is updated yearly, averaging -0.001 % from Dec 1962 (Median) to 2026, with 65 observations. The data reached an all-time high of 0.037 % in 1982 and a record low of -0.031 % in 1974. Canada CA: Contribution to Growth in Real GDP: Net Exports data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Canada – Table CA.OECD.EO: GDP: Growth and Contribution to Growth: Forecast: OECD Member: Annual. CQ_FBGSV-Net exports, contribution to growth in real GDP

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 Total Gross Domestic Product for Los Angeles-Long Beach-Anaheim, CA (MSA) (NGMP31080) from 2001 to 2023 about Los Angeles, CA, industry, GDP, and USA.