2019 California Economy Facts

Fast Facts on the California Economy

California Assembly Committee on Jobs, Economic Development, and the Economy

First published July 2019

California’s economy in 2018 ranks as the fifth largest in the world – larger than the UK, India, France, Brazil, Italy, Canada, Korea, and Russia. 

California’s largest private industry sectors in 2017 were: finance, insurance, real estate, rental, and leasing (21.6% of state GDP); trade, transportation, and utilities (14.5%); professional and business services (12.8%); manufacturing (10.9%); information (8.7%); tourism and arts (4.2%); and construction (3.9%). 

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