California surpasses Japan to become the fourth largest economy in the world

California has officially surpassed Japan to become the fourth largest economy in the world, Governor Gavin Newsom announced Wednesday, citing data from the International Monetary Fund (IMF) and the US Economic Analysis Bureau (BEA).

The nominal GDP of the state reached $ 4.1 trillion, pushing it to Japan’s $ 4.02 trillion and fell only to the United States, China and Germany.

According to the IMF’s global economic prospects of the IMF and the recent Bea data, the California economy continues to exceed world powers. At 6%growth in 2024, the state is in front of the United States (5.3%), China (2.6%) and Germany (2.9%).

The full report was released From the Newsom Press Office revealed that, over the last four years, California’s average GDP growth has been stable at 7.5%, cementing its position as a long -term financial leader.

The Newsom Governor attributed the state’s financial success to policies focusing on sustainability, innovation and investment in humans.

“California is not just up with the world – we set the pace,” Newsom said in a statement. “While we are celebrating this success, we also recognize the threat that reckless federal duty policies are making on our progress.”

California continues to lead national economic growth. The state is leading the US to new businesses is launching, funding of business capital and production in the field of manufacturing, agriculture and high technology.

More than 36,000 construction companies in California employ over 1.1 million people, producing goods in areas such as aerospace, electronic and zero emission vehicles.

Tourism also plays a crucial role, with recent high -level costs that contribute to the expansionist economy of the state. At the federal level, California contributes more than $ 83 billion more than it receives, underlining its role as a backbone of national economic power.

In response to federal commercial policy, Newsom filed a lawsuit last week, causing the use of President Trump’s emergency to impose invoices.

The costume claims that invoices have destabilized markets and impose excessive costs for businesses and consumers, with estimates suggesting that measures can shrink the US economy by $ 100 billion a year.