In 2024, the real gross domestic product (GDP) of California was 3.37 trillion U.S. dollars. This is a slight increase from the previous year, when the state's GDP stood at 3.25 trillion U.S. dollars.

In 2023, the United States tech sector contributed nearly *** trillion U.S. dollars to the country's overall gross domestic product (GDP), making up approximately *** percent of total GDP. Since 2018, the tech sector's yearly percentage of total GDP has remained relatively consistent.

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.

In 2023, the resident population of California was ***** million. This is a slight decrease from the previous year, with ***** 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 *** trillion U.S. dollars in 2000 to **** trillion U.S. dollars in 2023. In the same time period, the per-capita personal income has almost doubled, from ****** U.S. dollars in 2000 to ****** 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 ** percent, and the state had the fifth-highest rate of homelessness in the country during that same year, with an estimated ** homeless people per 10,000 of the population.