Graph and download economic data for Total Gross Domestic Product for San Jose-Sunnyvale-Santa Clara, CA (MSA) (NGMP41940) from 2001 to 2023 about San Jose, CA, industry, GDP, and USA.

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.

This graph shows the GDP of the San Francisco Bay Area in 2022, by industry. In 2022, the GDP of the San Francisco metro area amounted to about 654.73 billion U.S. dollars. About 68.02 billion U.S. dollars were generated in the manufacturing industries. The overall quarterly GDP growth in the United States can be found here. The San Francisco Bay Area’s GDP 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. The United States Census Bureau considers the Bay Area a Combined Statistical Area (CSA) with approximately 7.4 million people, including the nine counties bordering San Francisco Bay as well as Santa Cruz and San Benito Counties, making it the sixth largest CSA in the United States.

In the ten year period between 2001 and 2011, the Bay Area saw its GDP grow considerably. In 2001, GDP was 239 billion U.S. dollars. This value rose to 347 billion U.S. dollars by 2011. Additionally, California ranked first on a list of U.S. states by GDP, with two trillion U.S. dollars of GDP in 2012. Silicon Valley, located in the Bay Area, is in great part responsible for the Bay Area’s and California’s high GDPs, as it is known as the center of the global technology industry. Companies like Google, Facebook, eBay and Apple are headquartered there.

In 2023, the gross domestic product (GDP) of the San Jose-Sunnyvale-Santa Clara metro area amounted to roughly 392.46 billion U.S. dollars. This was an increase from the previous year when the real GDP came to 385.01 billion U.S. dollars. San Jose is the third-largest city in California, the tenth-largest in the U.S., and the county seat of Santa Clara County. It is located at the southern end of San Francisco Bay. The San Jose-Sunnyvale-Santa Clara metro area had a population of around 1.95 in 2021.

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 United States tech sector contributed nearly two trillion U.S. dollars to the country's overall gross domestic product (GDP), making up approximately 8.9 percent of total GDP. Since 2018, the tech sector's yearly percentage of total GDP has remained relatively consistent.

Graph and download economic data for Per Capita Personal Income in San Jose-Sunnyvale-Santa Clara, CA (MSA) (SANJ906PCPI) from 1969 to 2023 about San Jose, personal income, per capita, CA, personal, income, 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 2021, Apple was the largest publicly traded company in California based on revenue. That year, they had a revenue of 365.82 billion U.S. dollars. Alphabet, Chevron, Wells Fargo and Meta rounded out the top five publicly traded companies in California.

Apple

Apple is a multinational company headquartered in California. It was founded in 1976 by Steve Jobs, Steve Wozniak, and Ronald Wayne. Known for their popular iPhones and Mac computers, they have further expanded into other products such as iPods, Apple Watch, Apple TV, Air Pods, and Apple Pay. It is now one of the world’s largest and most valuable companies. Their worldwide revenue has increased dramatically since 2004, with the largest share of their sales since 2012 coming from the Americas. Despite being one of the most successful technology companies, it has faced a lot of criticism from consumers. Some of the criticisms include tax avoidance, sweatshop use, and environmental destruction.

Fortune 500 Companies

In 2021, New York and California had the highest number of Fortune 500 companies, followed by Texas, Illinois, and Ohio. For New York, this can be attributed to its being the financial and cultural hub of the country. Fortune 500 Companies are ranked by Fortune magazine, which ranks the the top 500 companies in the United States based on revenue. Companies on this list are both publicly and privately held. The companies that get listed have changed over the years, for a variety of reasons such as company acquisitions, bankruptcies, and changes in the economy.

In 2023, the resident population of California was 38.97 million. This is a slight decrease from the previous year, with 39.03 million people in 2022. This makes it the most populous state in the U.S. Californian demographics Along with an increase in population, California’s gross domestic product (GDP) has also been increasing, from 1.7 trillion U.S. dollars in 2000 to 3.23 trillion U.S. dollars in 2023. In the same time period, the per-capita personal income has almost doubled, from 33,403 U.S. dollars in 2000 to 77,339 U.S. dollars in 2022. In 2023, the majority of California’s resident population was Hispanic or Latino, although the number of white residents followed as a close second, with Asian residents making up the third largest demographic in the state. The dark side of the Golden State While California is one of the most well-known states in the U.S., is home to Silicon Valley, and one of the states where personal income has been increasing over the past 20 years, not everyone in California is so lucky: In 2023, the poverty rate in California was about 12 percent, and the state had the fifth-highest rate of homelessness in the country during that same year, with an estimated 46 homeless people per 10,000 of the population.

In 2023, the share of revenue from leisure travel made up over 80 percent of tourism in India. Business travel, however, has made a resounding recovery since 2015. Growing businesses, increasing business travel Post the COVID-19 pandemic, business travel has significantly increased. In addition to domestic travel, international trips have also become an important part of corporate life. India hosts multiple business hubs across its tier-1 cities, whether it is Mumbai as the country’s financial capital, Ahmedabad and Hyderabad for pharma and healthcare, or Bangalore – the Silicon Valley of India. Travel destinations for every occasion India’s rich culture and heritage, along with its geographical diversity offer various kinds of travel destinations domestically. Apart from hitting a beach town, a hill station, or going on a safari, spirituality was one of the most common reasons for travel in the country. Its religious richness offers pilgrimages not just for the Hindus, but also other faiths, including Islam, Buddhism, Jainism, Sikhism, Christianity, and Zoroastrianism.