California has surpassed Japan’s economy to become the world’s fourth-largest economic power. According to new data from the International Monetary Fund and the US Bureau of Economic Analysis, California’s GDP reached $4.1 trillion in 2024, while Japan’s stood at $4.01 trillion. Currently, only Germany, China, and the entire United States rank higher on the global economic scale.
California Governor Gavin Newsom announced this achievement, stating: “California isn’t just keeping pace with the world, we’re setting the pace.” This news comes as Newsom has recently expressed concerns about Donald Trump’s proposed tariffs and their potential impact on the state’s economic future.
As the hub of technological innovation and the global entertainment industry, California contributes the largest share of industrial and agricultural production in the United States. The state is also home to two major American ports that play a crucial role in the country’s international trade landscape.
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