Tourism and travel generated $4.6 billion in local taxes and $5.3 in state taxes. Visitors spent $126.3 billion in California in 2016, providing $10.3 billion in state & local tax revenue, a 3.1 percent increase from 2015. All boron that is produced in the United States is mined in California, and the state is also a leader in the production of sand and gravel, sodium compounds and gold. MiningĬalifornia is one of the country’s leading mining states, and oil is its primary mining product. Other important manufactured products include audiotape and videotape, lighting equipment and telephone equipment. The state is a leader in the manufacturing of electrical equipment, components and military communication equipment. Manufacturing plays a big role in California’s economy, too. It’s the second-leading producer of livestock in the country, behind Texas, and it ranks among the country’s best commercial fishing operations - with tuna being the most valuable fishing commodity. Livestock and commercial fishing area also important to California. More than 200 different crops are grown in the state, with lettuce, tomatoes, grapes, walnuts and almonds being some of the state’s largest exports. More than 73 percent of the state’s agriculture revenue comes from crops. Agriculture and FishingĬalifornia is considered an agriculture titan in the United States and is the leader in farm income. The state is home to 53 Fortune 500 companies and more than 3 million small businesses, and it’s a national leader in many industries. If California were a country, it would have the sixth-largest economy in the world. California’s low unemployment rate, its location as an international shipping hub, and its strong economy make it a perfect location for business. Agriculture, energy, manufacturing, fishing and mining are important industries. The state relies heavily on technology and tourism for its revenue, but other sectors of the economy are quite lucrative as well.
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