California Surpasses Japan as World’s Fourth-Largest Economy: A Comprehensive Report
Introduction
In a landmark achievement that highlights both its economic power and global influence, California has officially surpassed Japan to become the world’s fourth-largest economy. With a nominal gross domestic product (GDP) of $4.1 trillion in 2024, California now trails only the United States, China, and Germany. This milestone is the result of decades of innovation, investment, and demographic growth, and it underscores California’s position as a global leader in technology, agriculture, entertainment, and sustainability. Governor Gavin Newsom hailed the accomplishment, emphasizing the state’s strengths while cautioning that federal tariff policies could jeopardize future growth.
This report provides an in-depth analysis of California’s economic ascent, the key sectors driving its growth, the challenges it faces—including federal tariff threats—regional disparities, and the broader implications for the state, the nation, and the world.
