California Competitiveness Report

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.
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