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The Guardian - US

World

Dani Anguiano

California’s economy surpasses Japan’s as it becomes fourth largest in world

California Gavin Newsom Economy Japan Donald Trump United States GDP Germany China

man wearing white shirt points with finger while speaking — Gavin Newsom: ‘Our economy is thriving because we invest in people, prioritize sustainability, and believe in the power of innovation.’ Photograph: Mike Blake/Reuters

California’s economy has surpassed Japan’s, making the Golden state the fourth largest economy in the world, Governor Gavin Newsom announced on Thursday.

The state’s nominal GDP reached $4.1tn, according to data from the International Monetary Fund and the US Bureau of Economic Analysis, edging out Japan’s $4.02tn nominal GDP. California now ranks behind the US at $29.18tn, China at $18.74tn and Germany at $4.65tn.

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