California Surpasses Japan to Become World’s 4th Largest Economy

In a significant shift, California has become the world’s fourth-largest economy, overtaking Japan in size. The International Monetary Fund (IMF) and U.S. Bureau of Economic Analysis confirmed this milestone for 2024, with California’s GDP reaching $4.1 trillion, while Japan stood at $4.01 trillion. This change positions California right behind the United States, China, and Germany on the global economic scale.