Economy of California

The economy of the State of California is the largest in the United States, with a $3.987 trillion gross state product (GSP) as of 2024. It is the largest sub-national economy in the world. 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. Additionally, California's Silicon Valley is home to some of the world's most valuable technology companies, including Apple, Alphabet, and Nvidia. In total, 11 of the Fortune 100 companies and 53 of the Fortune 500 companies are headquartered in California.

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