"California kept its bragging rights as the world's fourth-largest economy in the latest update on state-level business output. The Golden State economy was producing goods and services at a nation-leading $4.215 trillion annual pace in the second quarter. That's according to the latest estimates of gross domestic product by the Bureau of Economic Analysis released Friday, Sept. 26. GDP is a broad measure of the production of goods and services, often seen as a yardstick of a region's economic vibrancy."
"The latest IMF report from April ranked the U.S. as the GDP leader, with an estimated output of $30.5 trillion for 2025. Next was China at $19.2 trillion and Germany at $4.7 trillion. Theoretically speaking, if California were viewed as a nation, its economy ranks No. 4 on this vanity totem pole just ahead of India ($4.187 trillion) and Japan ($4.186 trillion)."
"Yes, there's only a $29 billion gap among the three economies. The next major twist in this GDP drama will be the release this autumn of fresh IMF numbers. The update could reshuffle California's global standing. Output jam It seems likely that India's rapidly growing economy will eventually break the logjam with California and Japan. But will it happen in 2025?"
California's economy produced goods and services at a $4.215 trillion annual pace in Q2 2025, growing at a 4.3% annual rate at mid-year 2025. GDP is a broad measure of production and is used as a yardstick of economic vibrancy. Comparing state-level GDP to national rankings places California fourth globally, ahead of India and Japan, with only a $29 billion gap between the three economies. The IMF's April estimates show the U.S. at $30.5 trillion, China at $19.2 trillion, and Germany at $4.7 trillion. Upcoming IMF updates this autumn could change California's relative global standing. India's 7.8% Q2 growth makes it the most likely challenger.
Read at www.ocregister.com
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