California surpasses Japan to become the world's fourth largest economy

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According to ChainCatcher, the California Governor's Office announced that California has surpassed Japan to become the world's fourth-largest economy. Based on data data from the International Monetary Fund (the IMF) and the U of California GDP reached $4.1 trillion, exceeding Japan's $4.02 trillion, ranking only behind the United States, China, and Germany. Meanwhile, California's economic growth rate also surpasses the top three global economies; over the past four years, California's economy has continued to grow strongly average nominal GDP growth rate of 7.5% from 2021 to 2024.

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