Economy in California

GDP, income, output and the industries that drive the economy.

Real GDP (chained 2017 dollars)
$3,429,343,000,000
2025 · BEA
Real GDP growth
3.5%
2025 · Annual % change in BEA real GDP
Per capita personal income
$90,957
2025 · BEA
Median household income (CPS)
$100,800
2025 · Census CPS ASEC
Poverty rate, all ages (SAIPE)
11.8%
2024 · Census Small Area Income and Poverty Estimates
CPI inflation, Los Angeles area
3.2%
2025 · BLS CPI-U all items
Nominal GDP (current dollars)
$4,297,450,000,000
2025 · BEA
Government jobs
2,690,667
2025 · BLS Current Employment Statistics

GDP

The size of the California economy.

Real GDP (chained 2017 dollars)
$3,429,343,000,000
2025 · BEA
GDP per capita
$100,500
Leading sector
Technology

Real GDP (chained 2017 dollars)

1997–2025
$3,429,343,000,000▲ 138%

BEA, chained 2017 dollars (FRED CARGSP).

California GDP

2010–2023
3.9▲ 98%

Current-dollar GDP (BEA).

  • •If California were a country, its economy would be larger than that of the United Kingdom or India.

GDP Growth

The growth and output of the California economy.

Real GDP growth
3.5%
2025 · Annual % change in BEA real GDP
GDP per capita
$100,500
Fortune 500 HQs
57 companies

Real GDP growth

1998–2025
3.5%

Annual % change in BEA real GDP (CARGSP).

IndicatorCaliforniaU.S.
GDP per capita2023, BEA$100,500$82,769

Personal Income

Income earned by California residents.

Per capita personal income
$90,957
2025 · BEA
Median household income
$96,334
2023
Median annual wage
$73,200

Per capita personal income

1970–2025
$90,957▲ 1732%

BEA, current dollars (FRED CAPCPI).

Median household income

2010–2023
$96,334▲ 67%

U.S. Census ACS.

IndicatorCaliforniaU.S.
Median household income2023, U.S. Census ACS$96,334$80,610

Median Household Income

Typical household income in California.

Median household income (CPS)
$100,800
2025 · Census CPS ASEC
Median household income
$96,334
2023 (Census ACS)
Median annual wage
$73,200

Median household income (CPS)

1984–2025
$100,800▲ 299%

Census CPS ASEC, current dollars (FRED MEHOINUSCAA646N).

Median household income

2010–2023
$96,334▲ 67%

U.S. Census ACS.

IndicatorCaliforniaU.S.
Median household income2023, U.S. Census ACS$96,334$80,610

Poverty Rate

Poverty in California.

Poverty rate, all ages (SAIPE)
11.8%
2024 · Census Small Area Income and Poverty Estimates
Poverty rate
12.0%
2023
Supplemental poverty measure
13.2%
Highest in the U.S.

Poverty rate, all ages (SAIPE)

1989–2024
11.8%

Census Small Area Income and Poverty Estimates (FRED PPAACA06000A156NCEN).

Poverty rate

2010–2023
12%

Official poverty measure, U.S. Census.

IndicatorCaliforniaU.S.
Poverty rate2023, U.S. Census12.0%11.5%
  • •California ranks worst in the U.S. on the cost-of-living-adjusted poverty measure, largely due to housing costs.

Inflation in California

California inflation closely tracks the national rate.

CPI inflation, Los Angeles area
3.2%
2025 · BLS CPI-U all items
CPI inflation, U.S.
2.9%
2024 · BLS CPI-U U.S. city average

CPI inflation, Los Angeles area

2007–2025
3.2%

BLS CPI-U all items, Los Angeles–Long Beach–Anaheim, annual average change (CUURS49ASA0).

CPI inflation, U.S.

2007–2024
2.9%

BLS CPI-U U.S. city average, annual average change (CPIAUCNS).

IndicatorCaliforniaU.S.
CPI inflation2024, BLS3.3%3.0%

Economic Output

The output and major companies of California.

Nominal GDP (current dollars)
$4,297,450,000,000
2025 · BEA
Fortune 500 HQs
57 companies
Leading sector
Technology

Nominal GDP (current dollars)

1997–2025
$4,297,450,000,000▲ 302%

BEA, current dollars (FRED CANGSP).

Industry Breakdown

The leading industries of California.

Government jobs
2,690,667
2025 · BLS Current Employment Statistics
Manufacturing jobs
1,219,250
2025 · BLS Current Employment Statistics
Construction jobs
892,975
2025 · BLS Current Employment Statistics
Leading sector
Technology
Fortune 500 HQs
57 companies
Largest employment sector
Trade & logistics

Government jobs

1990–2025
2,690,667▲ 30%

BLS Current Employment Statistics, annual average (FRED CAGOVT).

Manufacturing jobs

1990–2025
1,219,250▼ 38%

BLS Current Employment Statistics, annual average (FRED CAMFG).

Construction jobs

1990–2025
892,975▲ 38%

BLS Current Employment Statistics, annual average (FRED CACONS).

More figures

GDP
$3.9 T
5th in the world
GDP per capita
$100,500
Top 5 in the U.S.
Unemployment rate
5.3%
2024
Median annual wage
$73,200
Fortune 500 HQs
57 companies
Leading sector
Technology