Newsom: California is now the world’s 4 largest economy, Pips Japan

California governor Gavin newsom Claimed that its kingdom has become World’s fourth largest economyOnly after the US, China and Germany in the global rankings.
Newsom said that the nominal GDP of the state reached $ 4.1 trillion last year, beyond Japan’s $ 4.02 trillion, Newsom said, the newly released IMF citing country-level data and US Bureau of Economic Analysis cited early state data.
“California is not just keeping pace with the world – we are determining the speed,” said Newsom. “Our economy is getting rich because we invest in people, give priority to stability and believe in the power of innovation.” The Democratic Governor is taking advantage of the state’s economic rise to challenge the trade and other policies of President Trump, portraying California as a global economic force that is deployed to oppose federal tasks, which say that may damage major industries.
The California economy has about 14% of the US GDP, according to the California’s Public Policy Institute, is with realty, finance and technology sectors among the top contributors. Following years of decline, the California population increased by around 250,000 people last year, inspired by a reversal in birth and profit from international migration. Newsom has argued that the state has the highest losing to tariffs due to the size of its industries. Last week, he sued his tariff hike to the Trump government, arguing that the Republican President lacks the right to implement it without the approval of the Congress. He vowed to release California business with foreign leaders with an anti -retaliation tariff.
“When we celebrate this success, we believe that our progress is in danger from the careless tariff policies of the federal administration,” said a potential presidential candidate Newsom in 2028. “California’s economy gives strength to the nation, and must be preserved.”
The IMF reduced the rapid forecasts for world development this year this year and warned that the outlook could be worse because Trump’s tariffs increase a global trade spat.
However, California’s new ranking can be short -lived. IMF projects India will carry forward this in 2026. Bloomberg