Photo: Amazon
India-West News Desk
LOS ANGELES, CA – California’s dynamic economic expansion has propelled it past Japan, establishing the U.S. state as the fourth-largest economy worldwide, according to recent figures from the International Monetary Fund (IMF) and the U.S. Bureau of Economic Analysis.
In 2024, California’s gross domestic product (GDP) surged to $4.10 trillion (£3.08 trillion), exceeding Japan’s $4.01 trillion. This places California behind only the United States ($29.18 trillion), China ($18.74 trillion), and Germany ($4.65 trillion), with the data revealing the state experienced the most rapid economic growth among these global powerhouses.
Governor Gavin Newsom asserted that “California isn’t just keeping pace with the world – we’re setting the pace.” He emphasized the state’s dominant roles in diverse sectors, including manufacturing, agricultural production, cutting-edge technological innovation, the global entertainment industry hub, and its two major international seaports.
However, Newsom, a consistent critic of President Donald Trump’s trade policies, voiced apprehension regarding potential risks to California’s continued economic advancement, the BBC said in its report.