Pakistan, April 24 -- California has officially surpassed Japan to become the fourth-largest economy in the world. Governor Gavin Newsom announced this milestone on Wednesday, citing data from the International Monetary Fund (IMF) and the US Bureau of Economic Analysis (BEA). With a nominal GDP of $4.1 trillion, California now trails only the United States, China, and Germany.

The state's economy has seen impressive growth, with a 6% increase in 2024, outpacing major global economies like the US (5.3%), China (2.6%), and Germany (2.9%). California's average GDP growth rate over the past four years has been 7.5%, solidifying its position as an economic leader.

Governor Newsom attributed the state's economic success to its policies focuse...