California is the Nation’s Economic Leader
California remains the economic powerhouse of the nation, with a GDP of $3.2 trillion in 2023—far surpassing Texas ($2.0T) and New York ($1.8T). With 18.4M employed workers as of October 2024, California’s workforce is nearly 4 million stronger than any other state.
If California were its own country, it would rank as the fifth-largest economy globally—just behind Japan and ahead of India—despite its smaller population.
Los Angeles County leads the U.S. with the highest GDP by county, contributing $802 billion. Four of the top 10 counties by GDP are in California, highlighting the state’s unmatched economic vitality.
This economic strength significantly impacts job creation and housing demand. Our team specializes in helping clients like you assess market feasibility for new real estate developments and supporting planning departments in forecasting housing needs.
Ready to plan for your housing market goals? Let us help you align your strategy with California’s dynamic economy.