California Overtakes Japan as World's 4th Largest Economy
California's economy hits $3.7 trillion, surpassing Japan's GDP (Source: CA Governor's Office)
Historic Economic Milestone
Governor Gavin Newsom announced that California's economy has officially surpassed Japan's, making it the 4th largest in the world after the U.S., China, and Germany. This marks the first time a U.S. state has broken into the top 5 global economies.
Key Drivers of Growth:
- Silicon Valley: Accounts for 1/3 of California's GDP with tech giants like Apple and Google
- Green Energy Leadership: 60% of U.S. clean tech investment is in California
- Trade Powerhouse: LA/Long Beach ports handle 40% of U.S. imports
What This Means Globally
California's economy is now larger than 95% of countries worldwide. Its GDP ($3.7T) exceeds:
- Japan ($3.5T)
- UK ($3.1T)
- India ($2.9T)
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