U.S. The Los Angeles metro area is the least affordable because with 13 million inhabitants, most can barely afford to live here. Real (inflation adjusted) GDP per Capita over time. With a GDP of $535 billion, the San Francisco Bay Area would rank 19th in the world when ranked against national economies. Total Gross Domestic Product for Los Angeles-Long Beach-Anaheim, CA (MSA) [NGMP31080], GDP. The Los Angeles Customs District (including the ports of Long Beach and Los Angeles, Port Hueneme, and Los Angeles International Airport) is the nation's largest, based on value of … Greater Los Angeles, also called the Southland, with a 2019 population of 18,710,563, is the second-largest urban region area in the United States, encompassing five counties in southern California extending from Ventura County in the west to San Bernardino County and Riverside County on the east, with Los Angeles County in the center and Orange County to the southeast. (December 9, 2020). Los Angeles has seen the job market increase by 0.7% over the last year. Despite Los Angeles’ high GDP, L.A. did not do as well as some cities in terms of median household income. Three cities are expected to be in the U.S.—New York, Los Angeles, and Chicago. This statistic is not included in your account. Los Angeles city, California; Santa Monica city, California; Los Angeles County, California. Data in this graph are copyrighted. One Federal Reserve Bank Plaza, Los Angeles County Economic Development Corporation (LAEDC) was founded in 1981 as a nonprofit, public-benefit organization to harness the power of private sector in collaboration with L.A. County, to guide economic development and create more widely shared prosperity. Los Angeles-Orange County Metropolitan Area Gross Product; Big … https://fred.stlouisfed.org/series/NGMP31080, Los Angeles city, California; Santa Monica city, California; Los Angeles County, California. Accessed January 16, 2021. https://www.statista.com/statistics/183822/gdp-of-the-los-angeles-metro-area/, BEA. There are plentiful opportunities to work on demand with gig based jobs. The pileups show the vulnerabilities of distribution systems that aren’t designed for sustained stress, but they’re hardly isolated to the U.S. The bureau compared Williamson County to 140 other “large” counties with populations of more than 500,000 in 2019, including Los Angeles County, California. Angaben schließen meist die Metropolregion ein. December 9, 2020. Federal Reserve Bank of St. Louis; It turns out Texas is no slouch either, with the Houston and Dallas metro areas combining to produce over $1 trillion in tandem. With a combined population of 13 million, the region is more populous than 46 of the country’s 50 states. Sign In; Create Account; Bookings; Orders; My Account; Signed in as: filler@godaddy.com. You only have access to basic statistics. … facts. ", BEA, GDP of the Los Angeles metro area from 2001 to 2019 (in billion chained 2012 U.S. dollars) Statista, https://www.statista.com/statistics/183822/gdp-of-the-los-angeles-metro-area/ (last visited January 16, 2021), GDP of the Los Angeles metro area from 2001 to 2019. Source: Home | All Almanac Topics Economy & Business. Welcome the economy of Los Angeles and Orange counties to the trillion-dollar club. The Bureau of Economic Analysis reported that, 2015, Los Angeles County alone had a gross domestic product (GDP) of more than $656 billion. GDP. Are you sure you want to remove this series from the graph? Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Los Angeles metro area, second quarter 2020 (U.S. = $1,188; Area = $1,256) Source: U.S. BLS, Quarterly Census of Employment and Wages. Gross Domestic Product (GDP) is a measure of the value of all goods and services produced in a region minus the value of the goods and services used up in production. Los Angeles ranked 11th with a median household income of … - Household income in New York, is 6% more than it is in Los Angeles and is 0% above the National Average. Please review the copyright information in the series notes before sharing. GDP. Real (inflation adjusted) GDP per Capita over time. Los Angeles is a shipping, industrial, communication, financial, fashion, and distribution center for the W United States and much of the Pacific Rim. The gig economy is growing fast in Los Angeles. Chart. Sign In; Create Account; Bookings; Orders; My Account; Signed in as: filler@godaddy.com. The top 10 cities by gross domestic product (GDP) in 2035 will be fairly widespread. But the more impressive fact is that the Los Angeles metropolitan area's GDP is larger than every US state outside California with only two exceptions: New York and Texas. 2020-11-25. The top 10 cities by gross domestic product (GDP) in 2035 will be fairly widespread. Future job growth over the next ten years is predicted to be 34.6%, which is higher than the US average of 33.5%. New, Everything you need to know about the industry development, Find studies from all around the internet. Gross Domestic Product (GDP) is a measure of the value of all goods and services produced in a region minus the value of the goods and services used up in production. Activities. Los Angeles Area Economic Summary: This summary presents a sampling of economic information for the area; supplemental data are provided for regions Los Angeles Area Economic Summary: This summary presents a sampling of economic information for the area; supplemental data are provided for regions This area consists of Los Angeles and Orange counties. Learn more about how Statista can support your business. In, BEA. With record volumes for containerized trade, economic activity generated by the Port—including its connection to 1 in 9 jobs in Southern California and more than 3 million jobs nationwide—is a bellwether for the health of the overall U.S. economy. The federal government’s recently released annual accounting of business output of … The US average is 3.7%. Series from Gross Domestic Product (GDP) by County, Metro, and Other Areas. GDP. Annual change in real GDP. 2020-12-16. Then you can access your favorite statistics via the star in the header. Please authenticate by going to "My account" → "Administration". In concept, an industry's GDP by metropolitan area, referred to as its "value added", is equivalent to its gross output (sales or receipts and other operating income, commodity taxes, and inventory change) minus its intermediate inputs (consumption of goods and services purchased from other U.S. industries or imported). Graph and download economic data for Total Gross Domestic Product for Los Angeles-Long Beach-Anaheim, CA (MSA) (NGMP31080) from 2001 to 2019 about Los Angeles, CA, industry, GDP… The Los Angeles Customs District (including the ports of Long Beach and Los Angeles, Port Hueneme, and Los Angeles International Airport) is the nation's largest, based on value of … "Gdp of The Los Angeles Metro Area from 2001 to 2019 (in Billion Chained 2012 U.S. Corporate solution including all features. - New York unemployment rate is 4.50%. But the more impressive fact is that the Los Angeles metropolitan area's GDP is larger than every US state outside California with only two exceptions: New York and Texas. 323-604-9003. GDP of the Los Angeles metro area from 2001 to 2019 (in billion chained 2012 U.S. dollars) [Graph]. This provides students, entrepreneurs and everyday people with jobs the opportunity to work on their own schedule and earn supplemental incomes with a side hustle. Los Angeles ranked 11th with a median household income of … With a free-market economy, the Kingdom has a strong domestic market and a growing middle class, … Los Angeles Mayor Eric Garcetti is almost 12 months into his second term and the economy of the second-largest city is outperforming No. QuickFacts provides statistics for all states and counties, and for cities and towns with a population of 5,000 or more. It is the second most populous city and metropolitan area in the U.S. Home of the American entertainment industry, the city is also known for its pleasant weather, urban sprawl, traffic, beaches, and ethnic and racial diversity. Graph and download economic data for Total Real Gross Domestic Product for Los Angeles-Long Beach-Anaheim, CA (MSA) (RGMP31080) from 2001 to 2019 about Los Angeles, CA, industry, real, GDP, and USA. 2020-12-29. Los Angeles County Economic Development Corporation (LAEDC) was founded in 1981 as a nonprofit, public-benefit organization to harness the power of private sector in collaboration with L.A. County, to guide economic development and create more widely shared prosperity. Mayor Garcetti has overseen the strongest economic growth in more than a generation — with record employment, historic investments, and construction. GDP by metropolitan area is the metropolitan area counterpart of the nation's, BEA's featured measure of U.S. production.For more information about this release go to http://www.bea.gov/newsreleases/regional/gdp_metro/gdp_metro_newsrelease.htm. Change in GDP. Millions of Dollars, Not Seasonally Adjusted, Frequency:  Los Angeles - Los Angeles - Economy: Southern California’s regional economy is huge, diversified, and in a perpetual state of flux. These efforts paid off with international tourism in Los Angeles growing to a record 7.5 million visitors. The entertainment and tourism industries also contribute significantly to the economy. Despite Los Angeles’ high GDP, L.A. did not do as well as some cities in terms of median household income. January 15, 2021. BULLETIN. RECORD JOB GROWTH. St. Louis, MO 63102, Gross Domestic Product (GDP) by County, Metro, and Other Areas, http://www.bea.gov/newsreleases/regional/gdp_metro/gdp_metro_newsrelease.htm, More Regional Data > States > California > MSAs > Los Angeles-Long Beach-Anaheim, CA. A paid subscription is required for full access. The GDP per capita of Los Angeles Metro Area (CA) was $67,763 in 2017. In 2018, Los Angeles County, CA had a population of 10.1M people with a median age of 36.7 and a median household income of $68,093. Los Angeles County is one of the most dynamic economies in the world, with a fast-growing and immense high-tech industry, world leading creative economy, tremendous strength in aerospace and advanced transportation, the nation’s largest manufacturing base, the nation’s largest international trade industry, and a rapidly increasing amount of venture capital investment in startups. Releases from U.S. Bureau of Economic Analysis, More The Big Apple’s forecasted $2.5 trillion GDP likely stems from its … Welcome the economy of Los Angeles and Orange counties to the trillion-dollar club. International trade is a major component of the Los Angeles area economy. Trade Volume. GDP. Graph and download economic data for Total Gross Domestic Product for Los Angeles-Long Beach-Anaheim, CA (MSA) (NGMP31080) from 2001 to 2019 about Los Angeles, CA, industry, GDP… Change in GDP. The Greater Los Angeles area was the second largest individual contributor with $866 billion in GDP, and Chicago’s metropolitan area adds $610 billion to the U.S. GDP. It is a fabled California region, home to Hollywood and America's entertainment industry with year-round sunshine, world-famous beaches, and an intense car culture.The "City of Angels" is a magnet to people from around the world and a uniquely exciting environment. Profit from additional features by authenticating your Admin account. Los Angeles is known as the global capital of the entertainment industry but also has developed systems of hyper-local arts production that reflect the diversity of the region. dollars)." This feature is limited to our corporate solutions. Register in seconds and access exclusive features. 2021 Compare Cities Economy: Los Angeles, CA vs New York, NY Change Cities. Los Angeles-area apartment rents fell 3% in May from a year earlier, according to one measure. 323-604-9003. QuickFacts provides statistics for all states and counties, and for cities and towns with a population of 5,000 or more. With record volumes for containerized trade, economic activity generated by the Port—including its connection to 1 in 9 jobs in Southern California and more than 3 million jobs nationwide—is a bellwether for the health of the overall U.S. economy. Please do not hesitate to contact me. This can not be undone. Federal Reserve Bank of St. Louis, Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook Extreme decentralisation means that partnerships and collaborations are central to cultural life in the region. Los Angeles’ economy continues to set new records for tourism, travel, and Port cargo. East Los Angeles Cannabis Company East Los Angeles Cannabis Company East Los Angeles Cannabis Company East Los Angeles Cannabis Company. The greater Los Angeles/Orange County area is the world’s 11th-largest economy with a regional GDP of nearly $1 trillion. Los Angeles County’s Seven Targeted Industries. 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Statista. This is a list of U.S. metropolitan areas by their gross domestic product Real GDP for the top 50 metropolitan statistical areas (Millions of dollars) 2017 Rank Metropolitan area 2018 ... Los Angeles-Long Beach-Anaheim, CA (Metropolitan Statistical Area) … For the past 20 years, the Port of Los Angeles has been the busiest container port in the Western Hemisphere. Clear 3 Table. The Bureau of Economic Analysis reported that, 2015, Los Angeles County alone had a gross domestic product (GDP) of more than $656 billion. A recent BizFed survey of 800 Los Angeles business leaders illustrated just how deep the COVID-19 wound cut into our local economy. Three cities are expected to be in the U.S.—New York, Los Angeles, and Chicago. Under Mayor Garcetti’s leadership, the unemployment rate dropped from 10.2% to 4.5% in six years, alongside Please create an employee account to be able to mark statistics as favorites. Directly accessible data for 170 industries from 50 countries The largest industries in Los Angeles, CA are Health Care & Social Assistance (247,081 people), Retail Trade (203,942 people), and Accommodation & Food Services (180,782 people), and the highest paying industries are Utilities ($86,011), Information ($68,468), and Professional, Scientific, & Technical Services ($66,397). You can only download this statistic as a Premium user. The economy of the city of Los Angeles is highly diversified, with strong sectors in services, wholesale and retail trade, manufacturing, government, financial service industries, transportation, utilities, and construction. - New York unemployment rate is 4.50%. "GDP of the Los Angeles metro area from 2001 to 2019 (in billion chained 2012 U.S. Graph and download economic data for Total Real Gross Domestic Product for Los Angeles-Long Beach-Anaheim, CA (MSA) (RGMP31080) from 2001 to 2019 about Los Angeles, CA, industry, real, GDP… The percent change in real GDP ranged from 62.5 percent in Greensville + Emporia, VA, to –34.2 percent in Jackson County, WV. Categories > U.S. The Los Angeles metro area is the least affordable because with 13 million inhabitants, most can barely afford to live here. Real (inflation adjusted) GDP per Capita over time. With a GDP of $535 billion, the San Francisco Bay Area would rank 19th in the world when ranked against national economies. Total Gross Domestic Product for Los Angeles-Long Beach-Anaheim, CA (MSA) [NGMP31080], GDP. The Los Angeles Customs District (including the ports of Long Beach and Los Angeles, Port Hueneme, and Los Angeles International Airport) is the nation's largest, based on value of … Greater Los Angeles, also called the Southland, with a 2019 population of 18,710,563, is the second-largest urban region area in the United States, encompassing five counties in southern California extending from Ventura County in the west to San Bernardino County and Riverside County on the east, with Los Angeles County in the center and Orange County to the southeast. (December 9, 2020). Los Angeles has seen the job market increase by 0.7% over the last year. Despite Los Angeles’ high GDP, L.A. did not do as well as some cities in terms of median household income. Three cities are expected to be in the U.S.—New York, Los Angeles, and Chicago. This statistic is not included in your account. Los Angeles city, California; Santa Monica city, California; Los Angeles County, California. Data in this graph are copyrighted. One Federal Reserve Bank Plaza, Los Angeles County Economic Development Corporation (LAEDC) was founded in 1981 as a nonprofit, public-benefit organization to harness the power of private sector in collaboration with L.A. County, to guide economic development and create more widely shared prosperity. Los Angeles-Orange County Metropolitan Area Gross Product; Big … https://fred.stlouisfed.org/series/NGMP31080, Los Angeles city, California; Santa Monica city, California; Los Angeles County, California. Accessed January 16, 2021. https://www.statista.com/statistics/183822/gdp-of-the-los-angeles-metro-area/, BEA. There are plentiful opportunities to work on demand with gig based jobs. The pileups show the vulnerabilities of distribution systems that aren’t designed for sustained stress, but they’re hardly isolated to the U.S. The bureau compared Williamson County to 140 other “large” counties with populations of more than 500,000 in 2019, including Los Angeles County, California. Angaben schließen meist die Metropolregion ein. December 9, 2020. Federal Reserve Bank of St. Louis; It turns out Texas is no slouch either, with the Houston and Dallas metro areas combining to produce over $1 trillion in tandem. With a combined population of 13 million, the region is more populous than 46 of the country’s 50 states. Sign In; Create Account; Bookings; Orders; My Account; Signed in as: filler@godaddy.com. You only have access to basic statistics. … facts. ", BEA, GDP of the Los Angeles metro area from 2001 to 2019 (in billion chained 2012 U.S. dollars) Statista, https://www.statista.com/statistics/183822/gdp-of-the-los-angeles-metro-area/ (last visited January 16, 2021), GDP of the Los Angeles metro area from 2001 to 2019. Source: Home | All Almanac Topics Economy & Business. Welcome the economy of Los Angeles and Orange counties to the trillion-dollar club. The Bureau of Economic Analysis reported that, 2015, Los Angeles County alone had a gross domestic product (GDP) of more than $656 billion. GDP. Are you sure you want to remove this series from the graph? Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Los Angeles metro area, second quarter 2020 (U.S. = $1,188; Area = $1,256) Source: U.S. BLS, Quarterly Census of Employment and Wages. Gross Domestic Product (GDP) is a measure of the value of all goods and services produced in a region minus the value of the goods and services used up in production. Los Angeles ranked 11th with a median household income of … - Household income in New York, is 6% more than it is in Los Angeles and is 0% above the National Average. Please review the copyright information in the series notes before sharing. GDP. Real (inflation adjusted) GDP per Capita over time. Los Angeles is a shipping, industrial, communication, financial, fashion, and distribution center for the W United States and much of the Pacific Rim. The gig economy is growing fast in Los Angeles. Chart. Sign In; Create Account; Bookings; Orders; My Account; Signed in as: filler@godaddy.com. The top 10 cities by gross domestic product (GDP) in 2035 will be fairly widespread. But the more impressive fact is that the Los Angeles metropolitan area's GDP is larger than every US state outside California with only two exceptions: New York and Texas. 2020-11-25. The top 10 cities by gross domestic product (GDP) in 2035 will be fairly widespread. Future job growth over the next ten years is predicted to be 34.6%, which is higher than the US average of 33.5%. New, Everything you need to know about the industry development, Find studies from all around the internet. Gross Domestic Product (GDP) is a measure of the value of all goods and services produced in a region minus the value of the goods and services used up in production. Activities. Los Angeles Area Economic Summary: This summary presents a sampling of economic information for the area; supplemental data are provided for regions Los Angeles Area Economic Summary: This summary presents a sampling of economic information for the area; supplemental data are provided for regions This area consists of Los Angeles and Orange counties. Learn more about how Statista can support your business. In, BEA. With record volumes for containerized trade, economic activity generated by the Port—including its connection to 1 in 9 jobs in Southern California and more than 3 million jobs nationwide—is a bellwether for the health of the overall U.S. economy. The federal government’s recently released annual accounting of business output of … The US average is 3.7%. Series from Gross Domestic Product (GDP) by County, Metro, and Other Areas. GDP. Annual change in real GDP. 2020-12-16. Then you can access your favorite statistics via the star in the header. Please authenticate by going to "My account" → "Administration". In concept, an industry's GDP by metropolitan area, referred to as its "value added", is equivalent to its gross output (sales or receipts and other operating income, commodity taxes, and inventory change) minus its intermediate inputs (consumption of goods and services purchased from other U.S. industries or imported). Graph and download economic data for Total Gross Domestic Product for Los Angeles-Long Beach-Anaheim, CA (MSA) (NGMP31080) from 2001 to 2019 about Los Angeles, CA, industry, GDP… The Los Angeles Customs District (including the ports of Long Beach and Los Angeles, Port Hueneme, and Los Angeles International Airport) is the nation's largest, based on value of … "Gdp of The Los Angeles Metro Area from 2001 to 2019 (in Billion Chained 2012 U.S. Corporate solution including all features. - New York unemployment rate is 4.50%. But the more impressive fact is that the Los Angeles metropolitan area's GDP is larger than every US state outside California with only two exceptions: New York and Texas. 323-604-9003. GDP of the Los Angeles metro area from 2001 to 2019 (in billion chained 2012 U.S. dollars) [Graph]. This provides students, entrepreneurs and everyday people with jobs the opportunity to work on their own schedule and earn supplemental incomes with a side hustle. Los Angeles ranked 11th with a median household income of … With a free-market economy, the Kingdom has a strong domestic market and a growing middle class, … Los Angeles Mayor Eric Garcetti is almost 12 months into his second term and the economy of the second-largest city is outperforming No. QuickFacts provides statistics for all states and counties, and for cities and towns with a population of 5,000 or more. It is the second most populous city and metropolitan area in the U.S. Home of the American entertainment industry, the city is also known for its pleasant weather, urban sprawl, traffic, beaches, and ethnic and racial diversity. Graph and download economic data for Total Real Gross Domestic Product for Los Angeles-Long Beach-Anaheim, CA (MSA) (RGMP31080) from 2001 to 2019 about Los Angeles, CA, industry, real, GDP, and USA. 2020-12-29. Los Angeles County Economic Development Corporation (LAEDC) was founded in 1981 as a nonprofit, public-benefit organization to harness the power of private sector in collaboration with L.A. County, to guide economic development and create more widely shared prosperity. Mayor Garcetti has overseen the strongest economic growth in more than a generation — with record employment, historic investments, and construction. GDP by metropolitan area is the metropolitan area counterpart of the nation's, BEA's featured measure of U.S. production.For more information about this release go to http://www.bea.gov/newsreleases/regional/gdp_metro/gdp_metro_newsrelease.htm. Change in GDP. Millions of Dollars, Not Seasonally Adjusted, Frequency:  Los Angeles - Los Angeles - Economy: Southern California’s regional economy is huge, diversified, and in a perpetual state of flux. These efforts paid off with international tourism in Los Angeles growing to a record 7.5 million visitors. The entertainment and tourism industries also contribute significantly to the economy. Despite Los Angeles’ high GDP, L.A. did not do as well as some cities in terms of median household income. January 15, 2021. BULLETIN. RECORD JOB GROWTH. St. Louis, MO 63102, Gross Domestic Product (GDP) by County, Metro, and Other Areas, http://www.bea.gov/newsreleases/regional/gdp_metro/gdp_metro_newsrelease.htm, More Regional Data > States > California > MSAs > Los Angeles-Long Beach-Anaheim, CA. A paid subscription is required for full access. The GDP per capita of Los Angeles Metro Area (CA) was $67,763 in 2017. In 2018, Los Angeles County, CA had a population of 10.1M people with a median age of 36.7 and a median household income of $68,093. Los Angeles County is one of the most dynamic economies in the world, with a fast-growing and immense high-tech industry, world leading creative economy, tremendous strength in aerospace and advanced transportation, the nation’s largest manufacturing base, the nation’s largest international trade industry, and a rapidly increasing amount of venture capital investment in startups. Releases from U.S. Bureau of Economic Analysis, More The Big Apple’s forecasted $2.5 trillion GDP likely stems from its … Welcome the economy of Los Angeles and Orange counties to the trillion-dollar club. International trade is a major component of the Los Angeles area economy. Trade Volume. GDP. Graph and download economic data for Total Gross Domestic Product for Los Angeles-Long Beach-Anaheim, CA (MSA) (NGMP31080) from 2001 to 2019 about Los Angeles, CA, industry, GDP… Change in GDP. The Greater Los Angeles area was the second largest individual contributor with $866 billion in GDP, and Chicago’s metropolitan area adds $610 billion to the U.S. GDP. It is a fabled California region, home to Hollywood and America's entertainment industry with year-round sunshine, world-famous beaches, and an intense car culture.The "City of Angels" is a magnet to people from around the world and a uniquely exciting environment. Profit from additional features by authenticating your Admin account. Los Angeles is known as the global capital of the entertainment industry but also has developed systems of hyper-local arts production that reflect the diversity of the region. dollars)." This feature is limited to our corporate solutions. Register in seconds and access exclusive features. 2021 Compare Cities Economy: Los Angeles, CA vs New York, NY Change Cities. Los Angeles-area apartment rents fell 3% in May from a year earlier, according to one measure. 323-604-9003. QuickFacts provides statistics for all states and counties, and for cities and towns with a population of 5,000 or more. With record volumes for containerized trade, economic activity generated by the Port—including its connection to 1 in 9 jobs in Southern California and more than 3 million jobs nationwide—is a bellwether for the health of the overall U.S. economy. Please do not hesitate to contact me. This can not be undone. Federal Reserve Bank of St. Louis, Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook Extreme decentralisation means that partnerships and collaborations are central to cultural life in the region. Los Angeles’ economy continues to set new records for tourism, travel, and Port cargo. East Los Angeles Cannabis Company East Los Angeles Cannabis Company East Los Angeles Cannabis Company East Los Angeles Cannabis Company. The greater Los Angeles/Orange County area is the world’s 11th-largest economy with a regional GDP of nearly $1 trillion. Los Angeles County’s Seven Targeted Industries. 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