Economy of California

The economy of the State of California is the largest in the United States, with a $3.89 trillion gross state product (GSP) as of 2023. It is the largest sub-national economy in the world. If California were a sovereign nation (2024), it would rank in terms of nominal GDP as the world's fifth largest economy, ahead of both India (3.176 trillion) and the United Kingdom (3.131 trillion).

Quotes

 * Europe’s once formidable industrial base has eroded in large part due to the ever rising burden of regulation. Germany’s economy, the most powerful economy in the EU, is barely the size of that of California.
 * Joel Kotkin, "The myth of America’s decline: As China struggles and the EU stagnates, the US continues to thrive – even despite its dreadful leaders" (8 March 2024), Spiked