With an economic gross metropolitan product of almost $1 trillion in 2017, the Los Angeles-Orange County metropolitan area ranks second among the nation's 351 metropolitan economies (second only to the New York metropolitan area) and ranks ahead of all but three U.S. states (California, Texas and New York). If the LA-Orange County metro area were ranked among the world's 214 independent national economies, it would rank as the 17th largest economy in the world, just behind, among other countries, Mexico, Spain and Australia.
|Year||Gross Metropolitan Product
(in US$ billions)
Source: U.S. Conference of Mayors. Also see the Bureau of Economic Analysis, U.S. Department of Commerce.
The Bureau of Economic Analysis reported that, 2015, Los Angeles County alone had a gross domestic product (GDP) of more than $656 billion. This placed Los Angeles County as the nations leading economic powerhouse county, but also ranked it ahead of all but nine U.S. states in GDP (California, Texas, Florida, Ohio, New York, Pennsylvania, and Illinois).