Los Angeles, officially the City of Los Angeles, known colloquially by its initials L.A. is the second-most populous city in the United States, after New York City, and the most populous city in the Western United States. Los Angeles has an estimated population of 4 million and is the largest city California and the financial, cultural and commercial centre of Southern California.
Los Angeles has a diverse economy and is one of the most substantial economic engines with the United States. It’s famously the home of Hollywood with two major film studios located within the city limits of Los Angeles.
A global city, Los Angeles has been ranked 6th in the Global Cities Index and 9th in the Global Economic Power Index. The city’s combined statistical area has a gross metropolitan product of $831 billion, the third largest in the world behind Tokyo and New York metropolitan areas.
The economy of Los Angeles is driven by international trade, entertainment, aerospace, technology, petroleum, fashion, apparel, and tourism. Other significant industries include finance, telecommunications, law, healthcare, and transportation.
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