Downtown Los Angeles slyline looking northeast. Los Angeles Almanac Photo.
Also see: Los Angeles County Population vs. State Populations
With an economic gross domestic product of almost $1 trillion in 2023, Los Angeles County contributes a quarter of California's gross state product and almost 4% of the nation's gross product. It ranked first among all U.S. counties for gross domestic product. Los Angeles County alone has a larger economic output than all but five U.S. states (California, Texas, New York, Florida, Illinois). If Los Angeles County were an independent nation by itself, among 189 reporting independent national economies, it would rank as the world's 20th largest economy. It had a larger gross economic output than either Poland, Taiwan, Belgium, Sweden, Argentina, Ireland, U.A.E, Singapore, Austria, or Israel or most other countries.
| Year | Current-Dollar GDP (in thousands of at-the-time dollars)* | Real GDP (in thousands of chained-2017 dollars)* | Percent of California GDP | Percent of United States GDP |
|---|---|---|---|---|
| 2023 | $961,908,123 | $801,967,353 | 24.7% | 3.5% |
| 2022 | $919,930,354 | $793,716,985 | 24.9% | 3.6% |
| 2021 | $841,953,895 | $773,571,300 | 24.5% | 3.6% |
| 2020 | $766,764,651 | $729,068,982 | 24.9% | 3.6% |
| 2019 | $796,023,430 | $767,859,358 | 25.9% | 3.7% |
| Year | Current-Dollar GDP (in thousands of at-the-time dollars)* | Real GDP (in thousands of chained-2017 dollars)* | Percent of California Real GDP | Percent of United States Real GDP |
| 2018 | $755,372,387 | $740,088,358 | 26.0% | 3.7% |
| 2017 | $720,841,757 | $720,841,757 | 26.3% | 3.7% |
| 2016 | $687,790,470 | $696,714,382 | 26.6% | 3.6% |
| 2015 | $667,257,201 | $684,359,234 | 26.9% | 3.6% |
| 2014 | $628,546,369 | $655,256,913 | 27.0% | 3.6% |
| Year | Current-Dollar GDP (in thousands of at-the-time dollars)* | Real GDP (in thousands of chained-2017 dollars)* | Percent of California Real GDP | Percent of United States Real GDP |
| 2013 | $600,243,761 | $635,468,664 | 27.2% | 3.6% |
| 2012 | $576,831,706 | $619,478,724 | 27.5% | 3.6% |
| 2011 | $557,551,527 | $611,166,037 | 27.9% | 3.6% |
| 2010 | $537,427,551 | $598,544,075 | 27.8% | 3.6% |
| 2009 | $518,967,088 | $583,207,839 | 27.6% | 3.6% |
| Year | Current-Dollar GDP (in thousands of at-the-time dollars)* | Real GDP (in thousands of chained-2017 dollars)* | Percent of California Real GDP | Percent of United States Real GDP |
| 2008 | $539,074,844 | $610,075,114 | 27.8% | 3.6% |
| 2007 | $518,786,826 | $594,511,390 | 27.4% | 3.5% | 2006 | $497,988,979 | $583,748,936 | 27.5% | 3.6% |
| 2005 | $467,179,943 | $561,223,732 | 27.5% | 3.5% |
| 2004 | $444,475,896 | $547,186,213 | 28.0% | 3.5% |
| Year | Current-Dollar GDP (in thousands of at-the-time dollars)* | Real GDP (in thousands of chained-2017 dollars)* | Percent of California Real GDP | Percent of United States Real GDP |
| 2003 | $422,751,231 | $532,771,908 | 28.1% | 3.6% |
| 2002 | $402,912,466 | $515,035,239 | 28.3% | 3.6% |
| 2001 | $388,588,265 | $503,930,481 | 28.2% | 3.5% |
* Current-Dollar GDP represents the GDP value in that particular year's prices.
Real GDP represents inflation-adjusted GDP values over time, based on 2017 values.
Source: Bureau of Economic Analysis, U.S. Department of Commerce.
