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Economy of Los Angeles


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The Los Angeles–Long Beach–Santa Ana metropolitan statistical area (MSA) has a gross metropolitan product (GMP) of $735.7 billion (as of 2010), making it the third largest economic center in the world, after the Greater Tokyo Area and the New York-Newark-Bridgeport CSA. If counted as a country, the surrounding CSA has the 15 largest economy in the world in terms of nominal GDP. Los Angeles has been classified an "Alpha world city" according to a 2010 study by a research group at Loughborough University in England.

The city is home to six Fortune 500 companies. They are energy company Occidental Petroleum, healthcare provider Health Net, metals distributor Reliance Steel & Aluminum, engineering firm AECOM, real estate group CBRE Group and builder Tutor Perini.

Other companies headquartered in Los Angeles include California Pizza Kitchen, Capital Group, Capstone Turbine, The Cheesecake Factory, Cathay Bank, City National Bank, The Coffee Bean & Tea Leaf, DeviantArt, Far East National Bank, Farmers Insurance Group, Fox Entertainment Group, Gibson, Dunn & Crutcher, Guess?, Hanmi Bank, Herbalife, J2 Global Communications, The Jim Henson Company, KB Home, Korn/Ferry, Latham & Watkins, Mercury Insurance Group, Oaktree Capital Management, O’Melveny & Myers, Pabst Brewing Company, Paul, Hastings, Janofsky & Walker, Premier America, Premiere Radio Networks, Rentech, Sunkist, The TCW Group, Tokyopop, Triton Media Group, United Online, and VCA Antech.

The University of Southern California (USC) is the city's largest private sector employer and contributes $4 billion annually to the local economy.

According to the city's 2010 Comprehensive Annual Financial Report, the top ten employers in the city as of 2009

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