The economy of the State of California is the largest in the United States. It has a gross state product (GSP) of US$3.2 trillion as of 2019. It has many sectors. The most dominant are finance, business services, government and manufacturing. If California were a sovereign nation, according to 2019 statistics, it would rank as the world's fifth largest economy, lying between Germany and India. Over 10% of the Fortune 1000 companies were based in California in 2018.