California’s economy grew 7.8% in 2021 vs. 5.7% growth nationwide
April 13, 2022 at 7:30 a.m.
Yes, the sharp rebound came after a pandemic-iced 2020. Yet California’s performance in GDP terms is better than you’d guess, considering all the criticism of the state’s tough business-crimping restrictions designed to tame the spread of coronavirus. Just so you know, California’s GDP grew 3.6% in 2019, No. 8 among the states — topping the nationwide rate of 2.3%, Texas’ 3.2% and Florida’s 3% .The state’s renowned information-processing juggernaut was the key cog among 21 business niches carved out by the GDP math. Information businesses accounted for 23% of the state’s growth vs. 12% for all U.S. growth.
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