Economic growth is positive in the County but there is concern because the general economy is contributing less to the broader Southern California economy. Over the last 15 years, Ventura County’s contribution to gross regional economic activity for the aggregate of Los Angeles, Orange, Riverside and San Bernardino Counties has been in a continuous decline.
The percentage of gross county product contributed by Ventura County as a percent of total Southern California gross product has declined from 5.5 percent in 2007 to 4.0 percent in 2024. The rate of growth remains positive, but it has consistently lagged the aggregate growth of the other four counties.
This is largely due to much lower employment and population growth, and less new development of residential and non-residential structures. SOAR has been a principal impediment to growth in the region. It has largely limited organic growth and discouraged new in-migrating business growth.
