Economics

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California overtakes Japan to become fourth largest economy in world (www.newsweek.com)

submitted 2 months ago by MicroWave@lemmy.world to c/economics@lemmy.world

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The Californian economy has overtaken Japan's to become the fourth-largest in the world by gross domestic product (GDP).

That is according to data from the International Monetary Fund (IMF) and the Bureau of Economic Analysis (BEA), a fact highlighted by the California governor's office as it battles President Donald Trump's trade policies.

The IMF put Japan's GDP at $4.02 trillion in 2024. That compares to California's GDP of $4.1 trillion for the same year, according to the BEA's figures. It places the state behind only the United States, China, and Germany in global rankings.

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[–] Marthirial@lemmy.world 3 points 2 months ago

And maybe the most diverse cultural place ever. Kentucky white trash wonders how that works.