# GDP by industry: real estate, rental and leasing in California

GDP by industry: real estate, rental and leasing in California was $598.94 billion in 2025. Source: U.S. Bureau of Economic Analysis.

- Indicator id: `gdp_by_industry_usd_real_estate`
- Place id: `us-state-06`
- Unit: USD million
- Definition: Value added by real estate and rental and leasing (NAICS 53), the industry's contribution to gross domestic product (GDP), in millions of current US dollars. United States and states: Bureau of Economic Analysis GDP by state, table SAGDP2, line 56.
- Note: Includes the rental value of owner-occupied homes, which BEA imputes as if owners rented their homes to themselves. That is why real estate is often the largest industry in a state: in 2025 it was in 24 of the 50 states and the District of Columbia. Millions of current US dollars, not adjusted for inflation; for real growth of the whole economy use gdp_growth. Industries are the sectors of the 2017 North American Industry Classification System (NAICS), counted where production takes place. The 20 sector values of a place add up to its gdp_usd, apart from rounding. BEA leaves out values that would disclose a single company, marked (D), and values below $50,000, marked (L); they are missing here, not zero.
- Source: U.S. Bureau of Economic Analysis, SAGDP2: gross domestic product (GDP) by state, Real estate and rental and leasing (NAICS 53), millions of current dollars (https://apps.bea.gov/regional/zip/SAGDP.zip)
- Publisher page: https://invokely.ai/en/publishers/bureau-of-economic-analysis
- Retrieved: 2026-10-12
- License: Public domain (US federal government work, citation requested, no implied BEA endorsement)
- Citation: U.S. Bureau of Economic Analysis. SAGDP2: gross domestic product (GDP) by state, Real estate and rental and leasing (NAICS 53), millions of current dollars. https://apps.bea.gov/regional/zip/SAGDP.zip. Retrieved 2026-10-12.
- Web page: https://invokely.ai/en/gdp-by-industry-real-estate/california
- API: https://invokely.ai/api/v1/series?indicator=gdp_by_industry_usd_real_estate&place=us-state-06

| Period | USD million |
|---|---:|
| 2025 | 598,938.5 |
| 2024 | 575,617 |
| 2023 | 543,016.3 |
| 2022 | 504,010.5 |
| 2021 | 469,661.2 |
| 2020 | 430,178.4 |
| 2019 | 420,353.2 |
| 2018 | 398,510 |
| 2017 | 372,281.7 |
| 2016 | 348,811.4 |
| 2015 | 338,156.9 |
| 2014 | 332,061 |
| 2013 | 324,392.1 |
| 2012 | 311,052.2 |
| 2011 | 300,884.5 |
| 2010 | 292,042.7 |
| 2009 | 283,805.9 |
| 2008 | 285,546 |
| 2007 | 262,929.7 |
| 2006 | 241,546.9 |
| 2005 | 232,152.3 |
| 2004 | 213,921.7 |
| 2003 | 207,750 |
| 2002 | 203,599.9 |
| 2001 | 193,020.7 |
| 2000 | 185,071.6 |
| 1999 | 177,605 |
| 1998 | 168,241.7 |
| 1997 | 162,615.3 |