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- In the 3rd quarter of 2023, the real GDP growth rate for California was 4.8% per year, compared with 2.8% the previous quarter. The latest data shows that California economic growth is lower than the US overall.
usafacts.org/topics/economy/state/california/
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Oct 2, 2024 · California’s 2023 GDP growth — which at a 3.7 % annual compound rate outpaced all but three states — slowed in the second quarter of 2024 to 2.8%, 0.2 percentage points lower than the U.S. growth rate overall.
- UCLA Newsroom
- California’s GDP Compared to Countries
- Sizing Up California’s GDP in 2021
- A Closer Look at California’s Economy
Comedian Trevor Noahonce said America is fifty little countries masquerading as one. From an economic sense, this might carry some truth. When looking at the economic output of each state, especially the largest and wealthiest ones, they often compare to or even exceed the GDPs of entire nations. To illustrate, this visual from StatsPanda looks at ...
California’s $3+ trillion GDP is an enormous figure in its own right, so it’s no surprise that it is larger than certain nations’ economic output. But even when comparing with economies like Malaysia, Colombia, and Finland, all among the top 50 countries by GDP, California stands tall. What’s more, these 10 countries are quite densely populated, wi...
What makes California’s GDP so vast and their economy so powerful? Relative population is a big factor, as the state is the most populous in the U.S. with roughly 12% of the country’s population calling it home. But since California’s GDP makes up over 15%of the country’s economic output, there must be something else at work. One key driver is the ...
California's overall real GDP growth was 17.97% over 2017-2023 outpaced the United States' increase of 14.10%. Gross Domestic Product as a Percent of the United States Total: 2017-2023. Figure 3.
We take a look at where California’s economy has been, where it might be headed, and how we can better insulate Californians against future upheavals. Employment has recovered from the shock of the pandemic, unemployment is near historic lows, and inflation is coming back down to Earth.
Oct 2, 2024 · In 2023, California’s GDP grew at a 3.7% compound annual rate, which was faster than the nation’s and all but three states: Washington, Florida and Texas. However, the growth rate in the second quarter of 2024 was 2.8% on an annual basis, 0.2 percentage points less than the U.S. growth rate.
Oct 21, 2024 · California’s economy has grown relatively slowly in recent years, averaging 2.3% per year between 2020 and 2023, compared to 3.9% on average over the previous four years. By comparison, Florida (4.6%) and Texas (3.9%) grew faster than California since 2020.
