California Overtakes Japan to Become Fourth Largest Economy in World
April 24, 2025
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Shane Croucher is a Breaking News Editor based in London, UK. He has previously overseen the My Turn, Fact Check and News teams, and was a Senior Reporter before that, mostly covering U.S. news and politics. Shane joined Newsweek in February 2018 from IBT UK where he held various editorial roles covering different beats, including general news, politics, economics, business, and property. He is a graduate of the University of Lincoln, England. Languages: English. You can reach Shane by emailing s.croucher@newsweek.com
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Hugh Cameron is Newsweek U.S. news reporter based in London, U.K. with a focus on covering American economic and business news. Hugh joined Newsweek in 2024, having worked at Alliance News Ltd where he specialised in global and regional business developments, economic news, and market trends. He graduated from the University of Warwick with a bachelor’s degree in politics in 2022, and from the University of Cambridge with a master’s degree in international relations in 2023. Languages: English. You can get in touch with Hugh by emailing h.cameron@newsweek.com
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The Californian economy has overtaken Japan’s to become the fourth-largest by GDP in the world.
That is according to data from the International Monetary Fund (IMF) and the Bureau of Economic Analysis (BEA), a fact highlighted by the California governor’s office as it battles President Donald Trump‘s trade policies.
The IMF put Japan’s GDP at $4.02 trillion in 2024. That compares to California’s GDP of $4.1 trillion for the same, year, according to the BEA’s figures.
“California isn’t just keeping pace with the world—we’re setting the pace,” Gov. Gavin Newsom, a Democrat, said in a statement.
“Our economy is thriving because we invest in people, prioritize sustainability, and believe in the power of innovation.
“And, while we celebrate this success, we recognize that our progress is threatened by the reckless tariff policies of the current federal administration. California’s economy powers the nation, and it must be protected.”
Newsom said previously that California would seek to build new trading opportunities around the world to get around Trump’s tariff war.
This is a developing article and more information will be added soon.
California Governor Gavin Newsom speaks during a news conference at Gemperle Orchard on April 16, 2025 in Ceres, California. California Governor Gavin Newsom speaks during a news conference at Gemperle Orchard on April 16, 2025 in Ceres, California. Justin Sullivan/Getty Images
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