California’s gross domestic product grows in 2010
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California’s gross domestic product ticked up 1.8% in 2010 to $1.9 trillion, a sign that the state’s fragile recovery took hold last year.
If California were an independent country, it would have the ninth-highest GDP in the world, with higher output than Canada’s but lower than Italy’s, according to data from the International Monetary Fund. It has the highest GDP in the U.S., topping Texas, which saw its GDP grow 2.8% in 2010, to $1.2 trillion.
The state’s growth was smaller than that of many states, according to data released Tuesday by the Bureau of Economic Analysis. U.S. real GDP by state grew 2.6% in 2010, after dropping 2.5% in 2009. California’s GDP had fallen 3.7% in 2009.
The state’s growth last year was led by strength in durable goods manufacturing, information, and professional and technical services. Government, construction, and non-durable goods manufacturing dragged down the state’s output.
California’s per capita GDP in 2010, at $46,488, was one of the higher in the nation. Alaska topped the nation in per capita GDP, at $63,424, while Mississippi had the lowest GDP in the country, at $29,345.
California’s economy still world’s eighth-largest, despite recession
-- Alana Semuels
Chart: Bureau of Economic Analysis