California is the fourth-largest world economy, according to newly released International Monetary Fund and U.S. Bureau of Economic Analysis data.

California is now the world’s fourth largest economy, Gov. Gavin Newsom announced Wednesday, citing new data from the International Monetary Fund and the U.S. Bureau of Economic Analysis.

Over the past four years, California sustained strong economic growth, averaging 7.5% nominal GDP growth from 2021 to 2024. However, early projections suggest that India could overtake California ...