California Economy : California is the most populated state in the United States. It is located in the far west bordered by Oregon, Nevada, and across the Colorado River, Arizona, Mexico and the Pacific Ocean.
The state owns a more productive economy. Agriculture in the state is gradually yielding to the industry as the core of the economy. The state is considered as a major center for the United States for its motion picture, television film, and related entertainment industries, especially in Hollywood and Burbank.
Social Indicators of California Economy
The state constitutes a total geographical area of 163,696 sq mi; total acres forested 40.2 mil.The total population of the state in July 2004 was calculated at 35,893,799 in comparison to 35,484,453 in July 2003. The net change of the population for 2002-03 was 1.4%. The population density of the state was 227.5 per Sq Mi. With regards to the racial distribution (2000) there were 59.5% white, 6.7% black.
Business and Economy of California
The economy of California plays a very significant role in United States. The state's economy has a dominant force in the economy of US.
According to data given by the California Department of Finance, California's gross state product is $1.543 trillion ("accelerated estimates for 2004 were completed and released in June 2005").
Bureau of Economic Analysis, finds California's gross state product is $1.543 trillion (2004 data, revised June 2005).The GDP increased at an annual rate of 3.1% in the first quarter of 2005.Per capita personal income of the state was $33,403 in the year 2003.
Among the various sectors of the economy, the Chief industries include agriculture, tourism, apparel, electronics, telecommunication and entetainment.
The chief manufacturing goods of the state are electronic and electrical equipment, computers, industrial machinery, transportation equipments, and instruments, foods. The chief farm productsinclude milk and cream, grapes, cotton, flowers, oranges, rice, nursery products, hay, tomatoes, letuce, almonds and asparagus. The major livestock as of Jan 2004: 5.2 mil. Cattle/calves; 680,000 sheep/lambs; Jan 2003: 135,000 hogs/pigs. Energy Production In California
The electricity production (est. 2003, kwh by source): petroleum: 51 mil; Gas: 9.7 bil; Hydroelectric: 34.2 bil; Nuclear: 35.6 bil; other: 331 mil.
Tourist Attraction Of California
Colleges, Schools and Universities In California
Further Readings