Gavin Newsom: “California is the 5th largest economy in the world.”

“And that's exactly what you've done to today. You've just broken some news. Can you explain what you just did? Well, look, I just remind people the size of California is the 5th largest economy in the world. We're the largest. And most folks listening perhaps don't know this. We're the largest manufacturing state in America, $412 billion of output. And put that in perspective, that's 41% greater than Texas and their manufacturing base.” (00:35–00:39)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.