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CA's Economy Is Now Larger Than All But These 3 Countries

  • California's economy became the world's fourth largest in 2024, surpassing Japan.
  • This occurred after the economy sustained strong growth averaging 7.5% from 2021 to 2024.
  • Governor Gavin Newsom announced this achievement using data from IMF and BEA.
  • California's 2024 nominal GDP reached $4.1 trillion, exceeding Japan's $4.02 trillion.
  • Newsom stated the state seeks global trade opportunities despite federal tariff policies.
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Newsom touts CA as world's 4th largest economy on paper as real jobs fall

(The Center Square) – California Gov. Gavin Newsom says the state is now the world’s fourth largest economy. But after accounting for the high cost of goods and services, California only barely edges out low-performing Italy, with the state’s continued…

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ca.gov broke the news in California, United States on Thursday, April 24, 2025.
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