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State Guide31st StateEst. 1850
California State Flag

California CA

"The Golden State"

The most populous and economically powerful state in America. From Silicon Valley to Hollywood, Yosemite to the beaches of Southern California, few places on Earth match its diversity, innovation, and natural beauty.

California state finances at a glance

State Debt - FY2024

$166.4 billion

Total state government debt outstanding at the close of fiscal 2024, including long-term bonds and short-term borrowing across state agencies and public universities.

Tax Revenue - FY2024

$265.6 billion

Total California state tax collections in fiscal 2024, led by the individual income tax ($123B) and the general sales tax ($53B).

Borrowing

California borrows mainly through voter-approved general obligation bonds and lease-revenue bonds, sold to investors, mutual funds, banks, and insurers in the municipal market. Separately, the state still owed the federal government roughly $20 billion in fiscal 2024 for pandemic-era unemployment benefits, a loan repaid through higher federal payroll taxes on California employers. The state reported about $5.4 billion in interest on its debt in fiscal 2024.

Source: U.S. Census Bureau, 2024 Annual Survey of State Government Finances.

31st
State admitted to the Union
39.2M
Population, largest state
164K
Square miles
5th
Largest economy in the world

About California

California takes its name from a fictional paradise described in a 1510 Spanish novel called "Las Sergas de Esplandian" by Garci Rodriguez de Montalvo. In the novel, California is an island near the Indies ruled by a Black queen named Calafia, rich in gold and precious stones. When Spanish conquistadors under Hernan Cortes explored the Baja California peninsula in the 1530s, they believed they had found the island from the story and named the land California. The name stuck and eventually spread northward to the present-day state. The fictional gold-rich island proved prophetic: the California Gold Rush of 1848 would draw hundreds of thousands of people from around the world.

California is a state of extraordinary contrasts , snow-capped mountains, scorching deserts, ancient redwood forests, and sunny beaches all within its borders.

It is the most populous state in the U.S. and, if it were a country, would rank as the 5th largest economy in the world. Innovation, entertainment, agriculture, and natural beauty define its identity.

Golden Gate Bridge emerging from morning fog over San Francisco Bay, California

Geography, Four Main Regions

California's geography is incredibly diverse, ranging from coastal redwoods to inland deserts.

Workers and engineers at a modern tech campus in Silicon Valley with glass office buildings and manicured grounds

Economy

California has the largest economy of any U.S. state and would rank as the 5th largest in the world if independent.

Yosemite Valley with El Capitan and Half Dome reflected in the still waters of the Merced River