California Governor Gavin Newsom boasted that his state has become the world’s fourth-largest economy, following only the US, China and Germany in global rankings.

California Gov. Gavin Newsom discusses President Donald Trump's tariffs during a press conference on Wednesday, April 16, 2025, at an almond farm in Ceres, Calif. On Wednesday, April 23, the governor announced that California had become the fourth largest economy in the world.

California Gov. Gavin Newsom says the state is now the world’s fourth largest economy. But after accounting for the high cost of goods and services, California only barely edges out low-performing Italy,