California Competitiveness Report
Los Angeles Chamber of Commerce
First published August 2023
CALIFORNIA IS A CROWN JEWEL FOR ECONOMIC DEVELOPMENT AND INVESTMENT
- The economy of California is the largest in the country, with a $3.598 trillion (GSP) as of 2022.
- It is the largest subnational economy in the world.
- If California were a sovereign nation, it would rank in terms of nominal GDP as the world’s fifth-largest economy, behind Germany and ahead of India.