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  2. Thanks to Hollywood, Silicon Valley, manufacturing, and agricultural industries, California is one of the major economic engines of the United States. There are over four million small local businesses here that employ nearly 50 percent of the state’s workforce.

  3. 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...

  4. If California were a nation it would rank in terms of nominal GDP as the world's fifth largest economy, behind Japan and ahead of India (3.937 trillion). Additionally, California's Silicon Valley is home to some of the world's most valuable technology companies, including Apple, Alphabet, and Nvidia. [8]

  5. In 2019 (most recent data), California's largest industry sectors were: Finance, Insurance, Real Estate, Rental, and Leasing (22.1% of state GDP); Trade, Transportation, and Utilities (14.5%); Professional and Business Services (13.4%); Manufacturing (10.4%); Information (9.6%); Tourism and Arts (4.5%); and Construction (3.8%).

  6. Aug 30, 2023 · Discover the current state of California's economy, including its growth, unemployment rate, and key industries. Get insights from government data provided by the Bureau of Economic Analysis and the Bureau of Labor Statistics.

  7. Sep 25, 2019 · Estimates by the UCLA Anderson Forecast that cover July data showed a three-month average GDP growth rate of 4.0% for the state, following 4.1% in the second quarter and 2.7% in the first. These surprising numbers are driven by rapid growth in high-productivity tech sectors.

  8. California had a $3.1 trillion economy in 2019. Compared to GDP of nations, this ranks California’s 2019 GDP as 5th largest in the world.1. Real GDP increased in all 50 states (6.4%) in the first quarter of 2021. California real GDP in the first quarter of 2021 was 6.3%.2.

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