Sacramento, CA…Governor Gavin Newsom announced that California has officially overtaken Japan to become the world’s fourth-largest economy, according to newly released data from the International Monetary Fund (IMF) and the U.S. Bureau of Economic Analysis (BEA).
“California isn’t just keeping pace with the world—we’re setting the pace. 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.”
Governor Gavin Newsom
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 behind only the United States, China, and Germany in global rankings. California’s GDP figure is based on the latest state-level GDP data from the BEA.
Outperforming the nation
California’s economy is growing at a faster rate than the world’s top three economies. In 2024, California’s growth rate of 6% outpaced the top three economies: U.S. (5.3%), China (2.6%) and Germany (2.9%). California’s success is long-term –the state’s economy grew strongly over the last four years, with an average nominal GDP growth of 7.5% from 2021 to 2024. Preliminary data indicates India is projected to surpass California by 2026.
California is the backbone of the nation’s economy
With an increasing state population and recent record-high tourism spending, California is the nation’s top state for new business starts, access to venture capital funding, and manufacturing, high-tech, and agriculture.
The state drives national economic growth and also sends over $83 billion more to the federal government than it receives in federal funding. California is the leading agricultural producer in the country and is also the center for manufacturing output in the United States, with over 36,000 manufacturing firms employing over 1.1 million Californians.
The Golden State’s manufacturing firms have created new industries and supplied the world with manufactured goods spanning aerospace, computers and electronics, and, most recently, zero-emission vehicles.
Protecting California’s economy
Governor Gavin Newsom is protecting California’s economy, and last week filed a lawsuit in federal court challenging the president’s use of emergency powers to enact broad-sweeping tariffs that hurt states, consumers, and businesses. The lawsuit seeks to end President Trump’s tariff chaos, which has wreaked havoc on the economy, destabilized the stock and bond markets, caused hundreds of billions of dollars in losses, and inflicted higher costs for consumers and businesses. These harms will only continue to grow, as President Trump’s tariffs are projected to shrink the U.S. economy by $100 billion annually.
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Number 1 in armpit States, We Need You Steve Hilton.
Number 4, that would be impressive….until the past due bills need to be paid. That’s why CA is the worst financially run state in the Nation.
Ca consistently is in the upper 5 of world economies.
This with mostly Democratic government.
This is why Democrats can have a safer life with a higher living standard than red states.
Better lives with rational controls of polluters.
Compare this with red states.
Those affected by Helene, and severe weather events since the Republicans came to power watched as FEMA, and federal disaster aid, programs stopped.
They live in the uncleaned up ruins of their communities, because the Republicans said no.
They will remember this in the next election.
The don also stopped meals on wheels, Medicaid, and other programs the Republican states use more, they also will remember in the next election.
They also are seeing the Republicans taking away these programs, while they give $4.5 Trillion in tax cuts to the billionaires.
Those living with under $200,000 income will see their income taxes rise, while those over $200,000 will pay less.
Many local hospitals are closing causing due to Republicans elimination grants for them.
Tax cuts for billionaires, no aid for those who need it , that’s the Republican maga way.
Please step away from the Kool Aid :). CA has the highest poverty rate in the Nation!!! CA also juices it’s GDP with government spending. The salary of some idiot Gvt staffer isn’t a booster of Real GDP!!!!
Ha Ha He He in 2 weeks store shelves will be empty, as your brainiac you love insulted the Chinese, who do hold the cards have stopped/ reduced shipments from China.
All the major retailers told the don in a meeting that in 2 weeks their inventory will disappear.
The farmers are pissed, and all the allied industries depending on ag in the midwest and elsewhere , will be severely affected by China stopping imports of US products.
Ha Ha He He, see how funny it is in the recession or worse caused by your idiot.
Because BLUE STATES ROCK. And republican states are weak
Blue states are at rock bottom they operate in the RED.
It’s republicans flat out stupidity. Blind ignorance. To a career criminal and grifter. And just throwing the United States Constitution in the garbage can. Wake up sometime before our country goes third world
If you don’t like it here then don’t let the door hit you on the way out !
Seems to be working for Pete Hegseth
Steve Hilton Haaaahaaaaaa!!!!!!! A Faux News Host Haaaaahaaaaa !!! Faux News was sued successfully for libel and slander. Yeah give some of those lying POS.NOT!!!!
Steve Hilton has my vote anything better than a democrat.
Steve Hilton = Douche Bag he should go back to England or wherever he came from
Do you homework first before you pop off.
Steve Hilton can eat my fecal matter stained BVD’s!
The worst president in eighty years
I agree Joe was the shits.
So just to recap, the Transportation Secretary is scared shitless of public transport. The Education Secretary is being sued for enabling child sex abuse. The Health Secretary is bringing back measles. And the Defense Secretary is texting classified war plans to the editor in chief of the Atlantic