California Passes Japan As Fourth-Largest Economy

April 25, 2025 Economy, Politics

California’s economy has surpassed Japan’s, state Gov. Gavin Newsom announced, as he warned of potential impacts in the Golden State from President Trump’s sweeping tariffs.

“CA just became the 4th largest economy in the WORLD,” Newsom said on X Thursday, after his office announced data from the International Monetary Fund (IMF) and the U.S. Bureau of Economic Analysis.

California’s gross domestic product (GDP) reached $4.1 trillion last year, compared with Japan’s $4.02 trillion, according to the data. Only the U.S., China and Germany have bigger economies, according to the data.

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NEW: According to the IMF’s 2024 World Economic Outlook data released yesterday and BEA data, California’s nominal GDP reached $4.1 trillion, surpassing Japan’s $4.02 trillion, and placing California as the 4th largest economy — behind only the United States, China, and Germany.… pic.twitter.com/YgLliJl4a8

— Governor Newsom Press Office (@GovPressOffice) April 24, 2025