California Governor Gavin Newsom announced that the state’s nominal GDP in 2024 whopped US$4.1 trillion, surpassing Japan’s US$4.02 trillion to rank as the fourth-largest economy globally, according to recent data from the International Monetary Fund (IMF) and the U.S. Bureau of Economic Analysis (BEA). California trailed only the United States (US$29.18 trillion), China (US$18.74 trillion), and Germany (US$4.65 trillion).Related NewsTesla: 1st Batch of Semi Electric Trucks to Start Production in US by End-2025