Newsom says California's economy topped $4.5 trillion

Oct. 5, 2026 — California's economic output has surpassed $4.5 trillion, the first U.S. state to reach that mark, Gov. Gavin Newsom's office said, citing newly released U.S. Bureau of Economic Analysis data. The office said the state's economy has grown by $1.58 trillion since 2019, that total wages and salaries grew 5.2%, and that California remains the world's fourth-largest economy.

The wall: The period the 5.2% wage growth covers, and the international comparison behind the fourth-largest ranking, were not given in the announcement.

Tier: Reported (based on the governor's announcement, not the Bureau of Economic Analysis data itself)

Sources

• Office of the Governor of California, California's economy topping $4.5 T in economic output (Oct. 5, 2026)

economy, business and finance

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