Where Does California Rank in Global GDP?

A recent press release from Governor Gavin Newsom’s office boasted that “California is now the 4th largest economy in the world.” Naturally, I was skeptical of this claim.  But there’s also an important omission: GDP per capita.  Where does California rank in global GDP?

Fig01 Newsom press release Where Does California Rank in Global GDP?

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To my surprise, Gov. Newsom was correct about his ranking:

Fig02 GDP 2024 Where Does California Rank in Global GDP?

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Just out of curiosity, I also looked at GDP per capita.  California does even better:

Fig03 GDP per capita 2024 Where Does California Rank in Global GDP?

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Data sources:

International Monetary Fund

GDP by state

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About Tony Lima

Retired after teaching economics at California State Univ., East Bay (Hayward, CA). Ph.D., economics, Stanford. Also taught MBA finance at the California University of Management and Technology. Occasionally take on a consulting project if it's interesting. Other interests include wine and technology.