In 2024, California's economy eclipsed Japan's, marking it as the fourth-largest globally, with a GDP of $4.10 trillion. This growth was driven by robust employment and productivity, showing a significant 6% surge compared to other countries. Governor Gavin Newsom highlighted California's proactive investments in sustainability and innovation as key contributors to this success. Despite ongoing housing challenges leading to some net outmigration, the state's population continues to grow thanks to immigration and natural growth. California remains dominant in technology and agriculture, significantly contributing to the national economy.
California's nominal GDP in 2024 was $4.10 trillion, overtaking Japan's $4.03 trillion, fueled by robust economic sectors and productivity.
Gov. Gavin Newsom said, '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.'
Collection
[
|
...
]