The economy in California has soared in recent years, surpassing that of the United Kingdom to become the fifth–largest economy in the world. The state, which sits behind the United States, China, Japan, and Germany.
In 2021, California’s GDP was $3.2T, representing 14.6% of the total U.S. economy. California’s economy is so big that if it were a country, it would be the 5th largest economy in the world, more productive than India and the United Kingdom.
California is home to home to nearly 40 million people. The state has 12 percent of the U.S. population but contributed 16 percent of the country’s job growth between 2012 and 2017. Its share of the national economy also grew from 12.8 percent to 14.2 percent over that five-year period, according to state economists.