CA’s GDP surges 40% since Newsom took office in 2019

California became the top performing economy among its 49 siblings and any developed nation under Governor Gavin Newsom's two-term leadership. Gross domestic product surged 40% to more than $4 trillion, accounting for more than 14% of US output, after Newsom took office in January 2019. California's diversity and its strong technology and healthcare sectors are cited as key factors in the state's superior economic performance, with the technology sector's contribution to California's GDP increasing 59% since 2019.