LOCAL ECONOMIC MARKET

Castle and California’s Economy

• California’s gross state product surpasses $1.2 trillion—making it one of the world’s largest economies.
• California accounts for 13 percent of the nation’s output and trails by Japan, Germany, England, and France.
• Our nation’s next largest state—New York—is only about 70 percent the size of California’s economy.
• The Central Valley has 2.4 million jobs with key industries including agriculture, varied manufacturing, financial services, wholesale trade and distribution
• The Central Coast has 700,000 jobs with key industries including agriculture, high-tech manufacturing and tourism.
• The nearby San Francisco Bay area has 3.5 million jobs with key industries including high-tech manufacturing, software development, trade and tourism.
• California’s trade sector is one of the biggest in the world. In 2000, over $125 billion came from exports of California products—totaling over 11 percent of the state’s total economic output.