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The Californian economy has overtaken Japan’s to become the fourth-largest by GDP in the world.
That is according to data from the International Monetary Fund (IMF) and the Bureau of Economic Analysis (BEA), a fact highlighted by the California governor’s office as it battles President Donald Trump’s trade policies.
The IMF put Japan’s GDP at $4.02 trillion in 2024. That compares to California’s GDP of $4.1 trillion for the same, year, according to the BEA’s figures.
“California isn’t just keeping pace with the world—we’re setting the pace,” Gov. Gavin Newsom, a Democrat, said in a statement.
“Our economy is thriving because we invest in people, prioritize sustainability, and believe in the power of innovation.
“And, while we celebrate this success, we recognize that our progress is threatened by the reckless tariff policies of the current federal administration. California’s economy powers the nation, and it must be protected.”
Newsom said previously that California would seek to build new trading opportunities around the world to get around Trump’s tariff war.
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