Newsom: California now world's fourth-largest economy
- California's economy became the world's fourth largest in 2024, Governor Newsom stated.
- The state achieved this ranking by surpassing Japan's nominal GDP.
- Globally, California now ranks behind only the United States, China, and Germany.
- In 2024, California's GDP reached $4.1 trillion, exceeding Japan's $4.02 trillion.
- The governor's office highlighted this data while challenging federal tariff policies.
92 Articles
92 Articles
This State's Economy is Thriving with Nearly 5% GDP Growth
Who has the biggest economy in the world? As you might expect, various countries — the United States, China, and Germany — make up the top three spots. But would you believe that it’s actually a U.S. state, not another country, that slides in at number four? On April 23, 2025, California Governor Gavin Newsom announced that California had overtaken India and Japan to become the fourth largest economy worldwide. More interestingly, data from the …
California's economy becomes the fourth largest in the world
California's annual GDP in 2024 surpassed Japan's to become the fourth-largest economy in the world. Gov. Gavin Newsom (right) stands at a lectern with State Attorney General Rob Bonta (left).Justin Sullivan/Getty ImagesCalifornia's GDP surpassed Japan's in 2024, making it the fourth largest in the world.Robust employment and productivity fueled California's $4.10 trillion GDP.Despite housing issues, California's population grows due to immigrat…
California Became the World’s Fourth-Largest Economy in 2024
California Gov. Gavin Newsom announced on April 23 that California had the fourth-largest economy in the world last year, overtaking Japan. According to Newsom’s spokeswoman, Tara Gallegos, the governor used preliminary estimates of nominal gross domestic product (GDP) for 2024, issued by the U.S. Bureau of Economic Analysis (BEA). Nominal GDP measures the value of goods and services for a state or country using current market prices and is not …
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