California is one of the driving forces of the United States economy and, with about 39 million inhabitants, it is also the most populous state. The state has an incredibly diverse economy, with Hollywood, Silicon Valley, the manufacturing industry and agriculture all making a significant contribution. If California were a small nation in its own right, it would automatically be the fifth largest economy in the world.
With a GDP of $ 2.9 trillion, California would rank between Germany and the United Kingdom in the ranking of world economic powers. And reconnecting to San Francisco, the Bay Area ranks 19th in the world for economic activity, with an extraordinary GDP $ 535 billion. The Bay Area is home to 7 million people in nine counties and 101 cities, including San Francisco, Oakland and San Jose. The per capita GDP of $ 74,815 is higher than that of London and Singapore.
Recent data shows a small correction in house prices in San Francisco, in fact, in the first quarter of 2020, homes were sold on average 5% less. This is not a synonym of crisis, but simply a correction of prices compared to the last years of increase.