(Kron) – California has crossed Japan and is now the fourth largest economy in the world The newly released data cited by the GOV GAVIN NEWSOM office. The data of the International Monetary Fund (IMF) and the US Economic Analysis Office (Bea) was issued on Wednesday.
According to the office of the Governor of New Troz, the data indicates that California’s gross domestic product reached $ 4.1 trillion, exceeding $ 4.02 trillion in Japan. California now occupies only behind the United States, China and Germany in the world rankings.
California’s gross domestic product number, according to the New Ruler’s Office, is based on the state’s GDP data at the state level of Bea.
“California is not only to keep pace with the world – we are putting the pace,” said New Nooring Governor. “Our economy flourishes because we invest in people, give priority to sustainability, and believe in the power of innovation.”
The Newfor’s office said that the California economy is growing faster than the three best economies in the world. In 2024, the California growth rate of 6 % exceeded the United States (5.3 %), China (2.6 %) and Germany (2.9 %).
However, Golden State in the long run is not guaranteed. According to the office of the Governor of New Tuzum, the initial data indicates that India is expected to exceed California by next year.
The ruler also warned that the current commercial policies based on the Trump administration’s tariff may slow the economic rise in California.
“While we celebrate this success, we realize that our progress is threatened by the reckless tariff policies of the current federal administration. The California economy is working to operate the nation, and it must be protected.”
The industries that top the economic charge in California mentioned by the Ruler’s Office include tourism and startups and access to investment capital financing, manufacturing, high technology and agriculture. The country, according to newsom, also sends more than $ 83 billion to the federal government more than it receives in federal financing.
Last week, the New Roosm Governor filed a lawsuit at the Federal Court challenges the president’s use of emergency authorities for widespread definitions.