California has officially overtaken Japan to become the world’s fourth-largest economy by GDP.
According to the IMF and the U.S. Bureau of Economic Analysis, California’s nominal GDP reached $4.1 trillion in 2024, surpassing Japan’s $4.03 trillion.
California now trails only the U.S. ($29.2T), China ($18.7T), and Germany ($4.7T).
Within the U.S., California’s economy is 51% larger than Texas ($2.7T), the second-largest state economy.
