New data from the International Monetary Fund (IMF) and the US Bureau of Economic Analysis (BEA) recently revealed that the US state of California has been ranked as the fourth largest economy globally. The state's GDP, amounting to £3.08 trillion ($4.1 trillion), surpassed Japan's £3.02 trillion ($4.02 trillion) and already accounts for 14.05% of the US GDP of £21.89 trillion ($29.18 trillion).
