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.

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.

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.

Chain-Type Quantity Index for Real GDP: All Industry Total in California was 134.05100 Index 2009=100 in April of 2021, 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 134.05100 in April of 2021 and a record low of 89.74800 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 March of 2025.

Real Gross Domestic Product: All Industry Total in California was 3380751.20000 Mil. of Chn. 2009 $ in July of 2024, according to the United States Federal Reserve. Historically, Real Gross Domestic Product: All Industry Total in California reached a record high of 3380751.20000 in July 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 March of 2025.

The statistic shows the gross domestic product (GDP) of the United States from 1987 to 2023, with projections up until 2029. The gross domestic product of the United States in 2023 amounted to around 27.72 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.

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.

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: Gross Domestic Product (GDP): Value: 2015 Exchange Rates: USD data was reported at 2,482.866 USD bn in Dec 2025. This records an increase from the previous number of 2,455.981 USD bn for Sep 2025. Canada CA: Gross Domestic Product (GDP): Value: 2015 Exchange Rates: USD data is updated quarterly, averaging 585.654 USD bn from Mar 1961 (Median) to Dec 2025, with 260 observations. The data reached an all-time high of 2,482.866 USD bn in Dec 2025 and a record low of 31.800 USD bn in Mar 1961. Canada CA: Gross Domestic Product (GDP): Value: 2015 Exchange Rates: USD 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 by Expenditure: Forecast: OECD Member: Quarterly. GDP_USD - Gross domestic product, nominal value, constant exchange rates OECD calculation, see OECD Economic Outlook database documentation

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.

California - Total Per Capita Real Gross Domestic Product for San Francisco-Oakland-Hayward, CA (MSA) (DISCONTINUED) was 89978.00000 $ in January of 2017, according to the United States Federal Reserve. Historically, California - Total Per Capita Real Gross Domestic Product for San Francisco-Oakland-Hayward, CA (MSA) (DISCONTINUED) reached a record high of 89978.00000 in January of 2017 and a record low of 70141.00000 in January of 2001. Trading Economics provides the current actual value, an historical data chart and related indicators for California - Total Per Capita Real Gross Domestic Product for San Francisco-Oakland-Hayward, CA (MSA) (DISCONTINUED) - last updated from the United States Federal Reserve on March of 2025.

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 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.

Canada CA: Potential Output of Total Economy: Volume data was reported at 2,480.871 CAD bn in 2026. This records an increase from the previous number of 2,446.565 CAD bn for 2025. Canada CA: Potential Output of Total Economy: Volume data is updated yearly, averaging 1,717.527 CAD bn from Dec 1985 (Median) to 2026, with 42 observations. The data reached an all-time high of 2,480.871 CAD bn in 2026 and a record low of 1,011.824 CAD bn in 1985. Canada CA: Potential Output of Total Economy: Volume 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: Potential Output and Output Gap: Forecast: OECD Member: Annual. GDPVTR-Potential output of total economy, volume OECD calculation, see OECD Economic Outlook database documentation

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.

Canada CA: General Government: % of Potential GDP: Underlying Primary Balance data was reported at -0.211 Ratio in 2026. This records an increase from the previous number of -0.348 Ratio for 2025. Canada CA: General Government: % of Potential GDP: Underlying Primary Balance data is updated yearly, averaging -0.129 Ratio from Dec 1990 (Median) to 2026, with 37 observations. The data reached an all-time high of 4.662 Ratio in 1997 and a record low of -6.743 Ratio in 2020. Canada CA: General Government: % of Potential GDP: Underlying Primary Balance 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: Government Accounts: % of Potential GDP: General Government: Forecast: OECD Member: Annual. NLGXQU - Underlying general government primary balance, as a percentage of potential GDP OECD calculation, see OECD Economic Outlook database documentation

Canada CA: GDP: Deflator: Gross Capital Formation data was reported at 1.498 Index, 2012 in 2025. This records an increase from the previous number of 1.469 Index, 2012 for 2024. Canada CA: GDP: Deflator: Gross Capital Formation data is updated yearly, averaging 0.724 Index, 2012 from Dec 1961 (Median) to 2025, with 65 observations. The data reached an all-time high of 1.498 Index, 2012 in 2025 and a record low of 0.161 Index, 2012 in 1961. Canada CA: GDP: Deflator: Gross Capital Formation 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: Deflator: Forecast: OECD Member: Annual. PITISK - Gross capital formation, deflatorIndex, national reference year

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

California - Total Real Gross Domestic Product for San Francisco-Oakland-Hayward, CA (MSA) was 531247.41200 Mil. of Chn. 2009 $ in January of 2019, according to the United States Federal Reserve. Historically, California - Total Real Gross Domestic Product for San Francisco-Oakland-Hayward, CA (MSA) reached a record high of 531247.41200 in January of 2019 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 California - Total Real Gross Domestic Product for San Francisco-Oakland-Hayward, CA (MSA) - last updated from the United States Federal Reserve on March of 2025.