California’s economy has come to overtake yet another foreign country, and if considered separate from the US, the nation has become the fourth largest in the world
Gov. Gavin Newsom announced this week that the state’s gross domestic product is surpassing Japan’s, the Los Angeles Times reports.
“According to data, California’s nominal GDP is at $4.1 trillion, surpassing Japan’s $4.02 trillion,” the Times explained. “It would bring Golden State to $29.18 trillion, China to $18.74 trillion and Germany to $4.65 trillion.”
In a statement, Newsom said, “California is not only in line with the world, but also setting the pace.”
“Our economy is thriving because we invest in people, prioritize sustainability and believe in the power of innovation,” he said.
California’s ascension has been predicted for several years, but when Newsom highlighted it in 2022, the state was expected to outperform Germany and not Japan. The two countries exchanged spots last year.
However, as India is expected to outperform the next California, California’s profits may be short-lived.
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