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ICYMI: California's economy continues to outpace the nation, new report finds
Rezul News/10736051
News
May 22, 2026
ICYMI: California's economy continues to outpace the nation, new report finds
What you need to know: A new Public Policy Institute of California report issued earlier this month reiterated what the world already knows, that California is the nation-leading economy dominating with a $4.3 trillion GDP, nearly $3 million jobs created since 2005, and sustained national leadership in innovation and business growth.
SACRAMENTO – California's economy continues to lead the nation and outperform global competitors, according to a new report from the Public Policy Institute of California (PPIC). Highlighting the state's long-term growth, resilience, and innovation-driven economy, this report demonstrates the Golden State's dominance in various fields.
The report found California's gross domestic product reached $4.3 trillion in 2025, representing 14% of the entire U.S. economy. Over the past 25 years, California's economy has grown 90%, significantly outpacing national growth of 69%.
California isn't just keeping pace with the global economy — we are setting it. Our state continues to be the nation's engine for innovation, entrepreneurship, job creation and economic growth. These findings reinforce what we already know: California succeeds because we invest in people, support businesses and workers, and continue building an economy that creates opportunity for all.
Governor Gavin Newsom
The report also found that California has added nearly 3 million jobs since 2005, while the number of businesses with paid employees has increased by 52% — far outpacing population growth. On a per capita basis, California's economy outperformed every other large state and the nation over the long term.
California's economy is dominating
California continues to lead the nation economically, outpacing all states and every developed nation, according to a recent Bloomberg analysis. In 2025, California continued a 16-year growth streak, growing faster than the second-largest state, Texas.
More on Rezul News
The state has more businesses than any other state, including Florida and Texas, supporting strong job creation and expanded economic opportunity for workers across the state. California is also home to more than 4.3 million small businesses, representing 99.8 percent of all businesses in the state and employing 7.6 million people.
California continues to lead the nation as the #1 state across key areas of economic strength and innovation, including:
Economy, Press releases, Recent news
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Governor Newsom announces appointments 5.21.2026
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News SACRAMENTO – Governor Gavin Newsom today announced the following appointments:Joseph Donaldson, of Sacramento has been appointed Deputy Director for Legislation at the California Department of Human Resources. Donaldson has been Principal Program Budget Analyst...
California lanza SUN Bucks para el verano de 2026 para ayudar a combatir la inseguridad alimentaria infantil
May 21, 2026
News Lo que necesita saber: El estado lanzará SUN Bucks para el verano de 2026, proporcionando a las familias elegibles $120 por niño en beneficios alimentarios para combatir la inseguridad alimentaria mientras los niños se encuentran de vacaciones de verano y sin...
El Gobernador Newsom amplía el acceso a CalHeatScore, una herramienta que salva vidas y mantiene a los californianos a salvo durante el calor extremo
May 21, 2026
News Ante la llegada de días más calurosos, la nueva API de CalHeatScore ofrece datos en tiempo real y recursos que brindan una alerta temprana a los usarios Lo que necesita saber: Durante la Semana Nacional de seguridad ante el Calor y en visperas del Dia de los...
May 22, 2026
ICYMI: California's economy continues to outpace the nation, new report finds
What you need to know: A new Public Policy Institute of California report issued earlier this month reiterated what the world already knows, that California is the nation-leading economy dominating with a $4.3 trillion GDP, nearly $3 million jobs created since 2005, and sustained national leadership in innovation and business growth.
SACRAMENTO – California's economy continues to lead the nation and outperform global competitors, according to a new report from the Public Policy Institute of California (PPIC). Highlighting the state's long-term growth, resilience, and innovation-driven economy, this report demonstrates the Golden State's dominance in various fields.
The report found California's gross domestic product reached $4.3 trillion in 2025, representing 14% of the entire U.S. economy. Over the past 25 years, California's economy has grown 90%, significantly outpacing national growth of 69%.
California isn't just keeping pace with the global economy — we are setting it. Our state continues to be the nation's engine for innovation, entrepreneurship, job creation and economic growth. These findings reinforce what we already know: California succeeds because we invest in people, support businesses and workers, and continue building an economy that creates opportunity for all.
Governor Gavin Newsom
The report also found that California has added nearly 3 million jobs since 2005, while the number of businesses with paid employees has increased by 52% — far outpacing population growth. On a per capita basis, California's economy outperformed every other large state and the nation over the long term.
California's economy is dominating
California continues to lead the nation economically, outpacing all states and every developed nation, according to a recent Bloomberg analysis. In 2025, California continued a 16-year growth streak, growing faster than the second-largest state, Texas.
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The state has more businesses than any other state, including Florida and Texas, supporting strong job creation and expanded economic opportunity for workers across the state. California is also home to more than 4.3 million small businesses, representing 99.8 percent of all businesses in the state and employing 7.6 million people.
California continues to lead the nation as the #1 state across key areas of economic strength and innovation, including:
- Fortune 500 companies
- New business starts
- Manufacturing
- Venture capital funding
- High-tech business
- Agriculture
Economy, Press releases, Recent news
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Governor Newsom announces appointments 5.21.2026
May 21, 2026
News SACRAMENTO – Governor Gavin Newsom today announced the following appointments:Joseph Donaldson, of Sacramento has been appointed Deputy Director for Legislation at the California Department of Human Resources. Donaldson has been Principal Program Budget Analyst...
California lanza SUN Bucks para el verano de 2026 para ayudar a combatir la inseguridad alimentaria infantil
May 21, 2026
News Lo que necesita saber: El estado lanzará SUN Bucks para el verano de 2026, proporcionando a las familias elegibles $120 por niño en beneficios alimentarios para combatir la inseguridad alimentaria mientras los niños se encuentran de vacaciones de verano y sin...
El Gobernador Newsom amplía el acceso a CalHeatScore, una herramienta que salva vidas y mantiene a los californianos a salvo durante el calor extremo
May 21, 2026
News Ante la llegada de días más calurosos, la nueva API de CalHeatScore ofrece datos en tiempo real y recursos que brindan una alerta temprana a los usarios Lo que necesita saber: Durante la Semana Nacional de seguridad ante el Calor y en visperas del Dia de los...
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