Posted on 04/26/2025 5:28:09 AM PDT by SeekAndFind
According to preliminary data from the U.S. Bureau of Economic Analysis, California's economy is now the fourth largest in the world, surpassing Japan.
Data from the International Monetary Fund and the U.S. Bureau of Economic Analysis shows California's GDP at $4.1 trillion compared with Japan's $4.02 trillion.
Only the rest of the United States, China and Germany have higher GDPs.
"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," California Gov. Gavin Newsom said. "And, while we celebrate this success, we recognize that our progress is threatened by the reckless tariff policies of the current federal administration. California's economy powers the nation, and it must be protected."
California's economy grew 6% in 2024 while the U.S. economic growth as a whole was 5.3%.
China's 2024 economy expanded by 2.6% and Germany's grew 2.9%.
California has 40 million people and accounts for 14% of U.S. 2024 GDP.
Newsom's office said California sends more than $83 billion more to the federal government than it receives in federal funding.
The governor's announcement on the California economy referenced the lawsuit the state filed last week against the Trump administration's tariffs.
The suit said the tariffs are causing economic damage and alleges they are being illegally applied because only Congress has tariff power.
(Excerpt) Read more at msn.com ...
It was 3rd 10 years ago
Yet single party control make it the worst managed state in the country by far.
3rd? That surprises me, when I lived there until 2019 I recall it being 6th
Yep, California was 6th largest as far as I can remember.
Either, their businesses are really very innovative and doing something right or countries like Japan are shrinking and aging
“ The suit said the tariffs are causing economic damage and alleges they are being illegally applied because only Congress has tariff power.”
Congress relinquished that authority under er FDR by statute. No suit has ever been filed against it or any other law Congress passed regarding tariffs authority.
BS. Yes, during the 50/60’s, the tax and red tape took control after that.
BS. Yes, during the 50/60’s, the tax and red tape took control after that.
No mention of Califecal’s debt? Many sources say it’s over a half trillion. It costs a lot to house, feed, school and free health care for all of those “Sanctuary residents”. While vets are homeless. What a disgusting mess it’s become.
The question is how long the pixel factories stay in California. Nothing is more mobile than tech. Yes, human clusters are very important, but tech hubs are growing across the country, and at this point it is probably corporate malfeasance to stay in California.
Why do they stay? Well, some are already leaving. What happens when Silicon Valley crashes? Hollywood is a parallel example. Film and tv production has been shifting elsewhere for years, though Southern California remains (for now) the country’s single biggest hub — just as NYC still has the greatest concentration of investment banking, even though a majority of the country’s top banks are headquartered elsewhere.
None of these companies has any operational reason to stay beyond the short term frictional cost of moving. They may have developed in a given place, but that’s no reason to stay. But they are led by very highly paid execs who are wealthy enough to be personally insulated from most of the chaos, and they like the lifestyle even though moving would benefit virtually everyone at lower levels of the organization.
It’s only a matter of time.
The industries that HAVE to stay in California are agriculture, mining, oil and gas, and the things like trucking and rail that are tied to the ports. The State of California seems to be systematically at war with the great legacy industries that are indeed location dependent and that built the state. Those industries can’t move, and the pols see them as captive targets to be fleeced at will. The predatory pols are gambling that they can shift mostly to services and pixel herding, which are inherently mobile.
It’s only a matter of time.
It was 3rd 10 years ago
96% of all jobs added in California were government. https://californiaglobe.com/fl/96-5-of-new-jobs-in-california-this-year-were-government-jobs/
So it made it back to 4th by government spending, that won’t last.
Japan is losing population because they don’t have enough children. That loss makes it more difficult for Japan to grow its economy. Generally a lower population means a decline in economic activity. California is flooded with peasants and it’s population is also declining but Japan’s population declining more.
Our economy is thriving because we invest in people, prioritize sustainability Gov. Gavin Newsom said.
BS trillions in debt panhandling the feds for money to pay for the burn areas and other items.
Most of it’s profit is in the socialism agenda it’s a Mecca for illegals sidewalk hobos and slackers and kickbacks.
Okay, it’s the 4th largest, but how do they measure success?
And your buddies in DC will make you send more
Printed money makes it appear that way.
Aiming for #20, he is, with current policy trajectory.
Since decadence seems to follow technology density, perhaps the Amish have the right idea.
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