26 April 06:50
California's GDP has reached 4.1 trillion dollars, overtaking Japan to become the world's fourth largest economy, according to IMF estimates
Raluca Ioana Draghici
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Economy
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California Governor Gavin Newsom has announced that the state has overtaken Japan to become the world's fourth-largest economy, with an estimated GDP of $4.1 trillion in 2024. This economic performance is due to California's rapid growth in tech and entertainment. In contrast, Japan is facing a decline in economic strength, influenced by inflation and population decline. Newsom emphasized the importance of protecting the California economy from tariff policies imposed by the federal administration.
Sources

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