Newsom claims California has become the world's 4th largest economy

California Governor Gavin Newsom posted on the social platform "X" that California has now become the world's fourth-largest economy. According to the data in Newsom's post, in the 2024 "nominal GDP" rankings, California ranks fourth in the world, behind the United States, China, and Germany, surpassing Japan. California has long been the largest economy and manufacturing state in the United States, with a "nominal GDP" close to $3.9 trillion in 2023, ranking fifth globally at that time. In terms of the economy, Newsom has consistently advocated for cooperation with China to expand trade, even publicly stating that "the more successful China is, the more successful the world is," which is in stark contrast to Trump's economic policies. In 2024, California's total import and export trade volume is close to $675 billion. Mexico, Canada, and China are California's three largest export destinations, accounting for more than one-third of the state's $183 billion in export goods in 2024