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Additionally, new data<\/a> from the U.S. Bureau of Labor Statistics<\/a> (BLS) showing California workers increased productivity by 4.2% in 2025. Representing about 14% of national output, California had the largest influence on national productivity.\u00a0<\/p>\n More businesses\u00a0<\/p>\n The Golden State continues to lead the nation economically, outpacing all states and every developed nation, according to a recent Bloomberg analysis<\/a>. In 2025, California continued a 16-year growth streak, growing faster than the second-largest state, Texas.<\/p>\n California also has more businesses than any other state, including Florida and Texas, supporting strong job creation and expanded economic opportunity for workers across the state. California is home to more than 4.3 million small businesses<\/a>, representing 99.8% of all businesses in the state and employing 7.6 million people.<\/p>\n Nation-leading industries<\/p>\n California continues to lead the nation as the #1 state across key areas of economic strength and innovation, including:\u00a0<\/p>\n No state comes close\u00a0<\/p>\n According to Bloomberg, there isn\u2019t even one major industry in any of the other 49 states that comes close to California:<\/p>\n California\u2019s $539 billion of GDP in 2023 from real estate, rental and leasing beats No.2 Texas by 61%. A nation-and world-leading economy\u00a0\u00a0<\/p>\n California\u2019s economy continues to outperform both the nation and global competitors.\u00a0 California\u2019s per-capita GDP is higher than that of the United States, China, and Germany \u2014 the only three national economies larger than California. Over the past 25 years, California\u2019s economy has grown by 90%, significantly outpacing national growth of 69%.\u00a0\u00a0\u00a0<\/p>\n
\nThe $414 billion from information dwarfs No.2 New York by 128%.
\nThe $412 billion from manufacturing is 41% greater than No.2 Texas
\nThe $257 billion from health care and social assistance exceeds No.2 New York by 59%.
\nThe $151 billion from construction beats No.2 Texas by 19%.
\nThe $121 billion from accommodation and food services is 63% greater than No. 2 Florida.
\nThe $125 billion from transportation and warehousing exceeds No.2 Texas by 30%.
\nThe $55 billion from arts, entertainment and recreation beats No. 2 New York by 68%.
\nThe $48 billion from agriculture, forestry, fishing and hunting is 150% larger than No. 2 Texas<\/p>\n