California’s economy continued to grow at a fast clip of 6% in 2024, according to data and Newsom’s office. The top three economies in the world all grew at slower rates: 5.3% in the entire U.S., 2.6% in China and 2.9% in Germany.

The US state expresses worries that President Donald Trump's tariffs could stunt future growth.

Among the top global economies, California’s is also the fastest growing, according to IMF data and Gov. Newsom’s offices.