California's economy has surpassed Japan's, state Gov. Gavin Newsom announced, as he warned of potential impacts in the Golden State from President Trump's sweeping tariffs. The big picture: "CA just became the 4th largest economy in the WORLD,

If California were its own country, its economy would now rank as the fourth largest of any nation in the globe, Gov. Gavin Newsom said this week.

California’s economy continued to grow at a fast clip of 6% in 2024, according to data and Newsom’s office. The top three economies in the world all grew at slower rates: 5.3% in the entire U.S., 2.6% in China and 2.9% in Germany.