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.

The gross domestic product (GDP) of California was about 4.1 trillion U.S. dollars in 2024, 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 45.71 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.

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.

Out of all 50 states, New York had the highest per-capita real gross domestic product (GDP) in 2024, at 92,341 U.S. dollars, followed closely by Massachusetts. Mississippi had the lowest per-capita real GDP, at 41,603 U.S. dollars. While not a state, the District of Columbia had a per capita GDP of more than 210,780 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.

This graph shows the GDP of the Los Angeles metro area in 2022, by industry. In 2022, its GDP amounted to about **** trillion U.S. dollars. About **** billion U.S. dollars were generated by the manufacturing industry. The overall quarterly GDP growth in the United States can be found here.

Gross domestic product of Los Angeles

With a population of over *** million inhabitants in 2011, Los Angeles is the second largest city in America, following only New York. The Los Angeles metro area also ranked second among U.S. metro areas in terms of gross metropolitan product, second again only to New York City metro area, which came in with a GMP of USD ***** trillion to Los Angeles’ *** billion USD in 2011. Chicago metro area ranked third with GMP of *** billion U.S. dollars. Washington metro area ranked fourth with *** billion U.S. dollars in 2011. Additional detailed statistics about GDP and GMP in the United States is available here.

Despite Los Angeles’ high GDP, L.A. did not do as well as some cities in terms of median household income. Los Angeles ranked 11th with a median household income of ****** U.S. dollars annually in 2013. This was lower than the median household income of the United States in 2013, which came in at ****** U.S. dollars annually.

Located in Southern California, Los Angeles is home to Hollywood, the famous epicenter of the U.S. film and television industries. The United States is one of the leading film markets worldwide, producing *** films in 2011, many of them produced by Hollywood-based studios. In 2012, movie ticket sales in North America generated over **** billion U.S. dollars in box office revenue. Famous Hollywood actresses earn millions annually, with the best paid, Angelina Jolie, earning ** million U.S. dollars between ********* and *********. Second on the list was Jennifer Lawrence with earnings of ** million U.S. dollars.

Annual Provincial and Territorial Gross Domestic Product (GDP) at basic prices, by North American Industry Classification aggregates, in chained (2017) and current dollars (dollars x 1,000,000).

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

This table contains data for gross domestic product (GDP), in current dollars, for all census metropolitan area and non-census metropolitan areas.

Key information about United States Government Debt: % of GDP

• United States Government debt accounted for 124.0 % of the country's Nominal GDP in Dec 2024, compared with the ratio of 123.1 % in the previous quarter.
• US government debt to GDP ratio data is updated quarterly, available from Mar 1969 to Dec 2024.
• The data reached an all-time high of 130.4 % in Mar 2021 and a record low of 31.8 % in Sep 1974.

CEIC calculates quarterly Government Debt as % of Nominal GDP from monthly Government Debt and rolling sum of quarterly Nominal GDP. The Bureau of the Fiscal Service provides Government Debt in USD. The Bureau of Economic Analysis provides Nominal GDP in USD. Government Debt covers Central Government only.


Related information about United States Government Debt: % of GDP

• In the latest reports, US National Government Debt reached 36,220.2 USD bn in Jan 2025.
• The country's Nominal GDP reached 6,632.4 USD bn in Mar 2023.

Labour productivity and related measures by business sector industry and by non-commercial activity consistent with the industry accounts, provinces and territories, annual.

The supply and use tables (SUT) trace the production of products by domestic industries, combined with imports, through their uses by industries or as final consumption, investment or exports. The system provides measures of value added by industry and economy-wide gross domestic product (GDP).

Apple’s total revenue amounted to around *** billion U.S. dollars in their 2024 financial year, a decrease from the historical record of ****** billion U.S. dollars in financial year 2022. Apple’s annual revenue quadrupled in the last ten years. The fiscal year end of the company is September, 30th. Apple’s dramatic growth Constant waves of innovative products underly Apple’s drastic growth over the years: the Mac computer, iPhone, iPad, and Apple Watch are all revolutionary products that started their own dynasties and enjoy immense commercial success. Apple’s stock tells an even more impressive story: over the last decade, Apple’s share price has grown more than tenfold and prompted it to become the first trillion-dollar company in terms of market capitalization. As of 2024, Apple is the most valuable brand worldwide. Apple store: a unique invention Huge glass panes, minimalistic design – these are the signature characteristics Apple stores are known for. Opened in the early 2000s, the Apple store contributes yet again to Apple’s success story: it was the fastest retailer worldwide to surpass the one-billion-U.S. dollar annual sales trademark and showcases Apple’s diverse products in hundreds of locations around the globe now. Apple’s home market the United States has the highest concentration of these stores – there are ** Apple stores in California alone when looking at the number of Apple stores by state .