{"id":135017,"date":"2025-04-25T09:25:40","date_gmt":"2025-04-25T09:25:40","guid":{"rendered":"https:\/\/quixnet.net\/wpinstance\/california-is-now-4th-largest-economy-in-the-world-new-data-shows-fox-11-los-angeles\/"},"modified":"2025-04-25T09:25:40","modified_gmt":"2025-04-25T09:25:40","slug":"california-is-now-4th-largest-economy-in-the-world-new-data-shows-fox-11-los-angeles","status":"publish","type":"post","link":"https:\/\/quixnet.net\/wpinstance\/california-is-now-4th-largest-economy-in-the-world-new-data-shows-fox-11-los-angeles\/","title":{"rendered":"California is now 4th largest economy in the world, new data shows – FOX 11 Los Angeles"},"content":{"rendered":"

Share
Jaguar and Land Rover have paused U.S. shipments in response, and U.S. preorders of the Nintendo Switch 2 have been delayed.
LOS ANGELES<\/strong> – <\/span>California <\/a>has surpassed Japan to become the world<\/a>'s fourth-largest economy,<\/a> with a nominal GDP of $4.1 trillion, new data reveals.
What we know:
California’s nominal GDP reached $4.1 trillion, surpassing Japan’s $4.02 trillion, placing California behind only the United States,<\/a> China, and Germany in global rankings, according to data from the International Monetary Fund <\/a>(IMF) and the U.S. Bureau of Economic Analysis (BEA).<\/a>
SUGGESTED: <\/strong>Trump reportedly ponders $5K baby bonus as US fertility rate remains near record low<\/strong><\/a>
The milestone was announced by Gov. Gavin Newsom<\/a> on Wednesday.
The Golden State also leads the nation when it comes to new business starts, venture capital funding, manufacturing, high-tech, and agriculture.
SUGGESTED: <\/strong>DHL to halt global shipments over $800 to US due to new customs rules<\/strong><\/a>
By the numbers:
In 2024, California’s growth rate of 6% outpaced the U.S. (5.3%), China (2.6%), and Germany (2.9%). 
SUGGESTED: <\/strong>Americans considering filing for bankruptcy hits highest level since pandemic<\/strong><\/a>
Over the last four years, the state’s economy grew with an average nominal GDP growth of 7.5% from 2021 to 2024. 
Local perspective:
California drives national economic growth, sending over $83 billion more to the federal government than it receives in federal funding. 
The state is the leading agricultural producer and the center for manufacturing output in the U.S., with over 36,000 manufacturing firms employing over 1.1 million Californians. 
SUGGESTED: <\/strong>Trump's tariffs raise concerns for LA's family-owned businesses<\/strong><\/a>
These firms have created new industries and supplied the world with goods spanning aerospace<\/a>, computers, electronics, and zero-emission vehicles.<\/a>
What they’re saying:
"California isn’t just keeping pace with the world—we’re setting the pace. Our economy is thriving because we invest in people, prioritize sustainability, and believe in the power of innovation," Newsom said. "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."
SUGGESTED: <\/strong>Temu and Shein, both founded in China, raising US prices due to tariffs<\/strong><\/a>
What’s next:
Governor Newsom is actively protecting California’s economy by filing a lawsuit against President Trump’s tariffs,<\/a> which he claims have destabilized markets and increased costs for consumers <\/a>and businesses. <\/a>
The lawsuit seeks to end the tariff chaos, projected to shrink the U.S. economy by $100 billion annually. 
SUGGESTED: <\/strong>California is taking legal action over Trump’s sweeping tariffs, Newsom announces<\/strong><\/a>
The Source:<\/b> Information for this story is from data provided by the International Monetary Fund (IMF) and the U.S. Bureau of Economic Analysis (BEA) via a press release published by the office of Gov. Gavin Newsom on April 23, 2025.
<\/a>
This material may not be published, broadcast, rewritten, or redistributed. \u00a92025 FOX Television Stations<\/p>\n

source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

ShareJaguar and Land Rover have paused U.S. shipments in response, and U.S. preorders of the Nintendo Switch 2 have been delayed.LOS ANGELES – California has surpassed Japan to become the world's fourth-largest economy, with a nominal GDP of $4.1 trillion, new data reveals.What we know:California’s nominal GDP reached $4.1 trillion, surpassing Japan’s $4.02 trillion, placing […]<\/p>\n","protected":false},"author":1,"featured_media":135018,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[10],"tags":[],"class_list":["post-135017","post","type-post","status-publish","format-standard","has-post-thumbnail","category-world","entry"],"_links":{"self":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/posts\/135017","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/comments?post=135017"}],"version-history":[{"count":0,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/posts\/135017\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/media\/135018"}],"wp:attachment":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/media?parent=135017"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/categories?post=135017"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/tags?post=135017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}