California is the top region by GDP in the United States of America. As of 1st quarter 2023, GDP in California was 3,755,486.5 million US dollars that accounts for 14.68% of the United States of America's GDP. The top 5 regions (others are Texas, New York, Florida, and Illinois) account for 42.47% of it. The United States of America's total GDP was estimated at 25,586,610 million US dollars in 1st quarter 2023.
The description is composed by our digital data assistant.Gross state product (GSP). A measurement of a state's output; it is the sum of value added from all industries in the state. GSP is the state counterpart to the Nation's gross domestic product (GDP). Value added. The gross output of an industry or a sector less its intermediate inputs; the contribution of an industry or sector to gross domestic product (GDP). Value added by industry can also be measured as the sum of compensation of employees, taxes on production and imports less subsidies, and gross operating surplus.
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