Home to the world’s 3rd largest economic area, after Tokyo and New York ($866 Billion in 2015), Los Angeles is the second-most populous city in the United States after New York City. With 4 Million residents and almost 19 Million in the surrounding area, Los Angeles is the largest and most populous city in the state of California and the cultural, financial, and commercial center of Southern California.
The economy of Los Angeles is driven by international trade, entertainment (television, motion pictures, video games, music recording, and production), aerospace, technology, petroleum, fashion, apparel, and tourism. Other significant industries include finance, telecommunications, law, healthcare, and transportation. In the 2017 Global Financial Centres Index, Los Angeles was ranked as having the 19th most competitive financial center in the world, and sixth most competitive in United States (after New York City, San Francisco, Chicago, Boston, and Washington, D.C.).
Los Angeles is located in a large basin
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