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The economy of the State of California is the largest in the United States, with a $3.987 trillion gross state product (GSP) as of 2024. [ 1 ] It is the largest sub-national economy in the world. If California were a nation it would rank in terms of nominal GDP as the world's fifth largest economy , behind Japan and ahead of India (3.937 trillion).
The California State Lottery began in October 1985 after voters authorized it in Proposition 37, the California State Lottery Act of 1984. [1] It offers a range of games including number draws, scratchcards and a mock horse race. The earnings provide supplementary funding for public education.
Since it is the most populous state, California has the largest congressional delegation of any state, with 52 representatives and two senators. In the 118th Congress, 40 of California's seats are held by Democrats and 12 are held by Republicans: California's 1st congressional district represented by Doug LaMalfa (R)
The S&P 500 is a stock market index maintained by S&P Dow Jones Indices.It comprises 503 common stocks which are issued by 500 large-cap companies traded on American stock exchanges (including the 30 companies that compose the Dow Jones Industrial Average).
At 7.25%, California has the highest minimum statewide sales tax rate in the United States, [8] which can total up to 10.75% with local sales taxes included. [9]Sales and use taxes in California (state and local) are collected by the California Department of Tax and Fee Administration, whereas income and franchise taxes are collected by the Franchise Tax Board.
Political party strength in California. California is a Democratic stronghold and considered to be one of the "Big Three" Democratic strongholds alongside New York and Illinois. Originally a swing state following statehood, California began regularly supporting Republicans by large margins for the first half of the 20th century, with Herbert ...
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