Annual economic activity
Los Angeles, officially the City of Los Angeles and often abbreviated as L.A., is the largest city in California. It has an estimated population of nearly 4 million, and is the second-largest city in the United States, after New York City, and the third-largest city in North America, after Mexico City and New York City. Los Angeles is known for its Mediterranean climate, ethnic and cultural diversity, Hollywood entertainment industry, and its sprawling metropolitan area.
Los Angeles has a diverse and robust economy, and hosts businesses in a broad range of professional and cultural fields. It also has the busiest container port in the Americas. In 2018, Los Angeles was ranked as the most powerful city and fourth-richest city in the world, ahead of New York City. In 2018, the Los Angeles metropolitan area had a gross metropolitan product of over $1.0 trillion, making it the city with the second-largest GDP in the world, after New York City. Los Angeles hosted the 1932 and 1984 Summer Olympics and will host the 2028 Summer Olympics.