US’ California state hits $4.1 trn GDP in 2024, surpasses Japan

California has overtaken Japan to become the world’s fourth-largest economy in 2024, with its GDP reaching $4.1 trillion, according to IMF and BEA data.
While outperforming the US, China, and Germany in 2024 GDP growth, Governor Gavin Newsom warned of risks from federal tariff policies and has filed a lawsuit challenging the president’s broad use of emergency trade powers.Read More