Key facts: California
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(CNN) -- Actor-turned-politician Arnold Schwarzenegger takes over the reins as governor of California at a time of economic turmoil in America's most populous state.
Unemployment is running above the national average and the state's deficit continues to mount. Here are key facts about the state:
• The population was 34,735,000 in 2001 (the latest figures available). This represents 12.2 percent of the total U.S. population.
• California's $1.3 trillion economy would be the world's fifth largest if the state were a nation.
• International trade accounts for 11 percent of the economy.
• As of summer 2003, the state's budget deficit was projected to reach $38 billion.
• The state is expected to face an $8 billion shortfall in the 2004-05 fiscal year.
• Unemployment is about 6.7 percent, compared to the national average of 6.4 percent.
• From 1995 to 2000, 1.4 million people moved to California from other states, but 2.2 million residents moved away.
• One out of every four Californians was born outside of the U.S.
• Ethnic breakdown (2001 estimates): white -- 48.3 percent of the population; Hispanic -- 31.5 percent; Asian-Pacific origin -- 12.5 percent; black -- 6.7 percent; other -- 1 percent.
