2023: California's $3.86 trillion economy ranks 5th globally, but IMF predicts India will surpass it in 2024.
California's 2023 output at $3.86 trillion ranked it as the 5th largest economy globally, according to US Bureau of Economic Analysis data. However, India, with a $3.7 trillion GDP, was close behind. The International Monetary Fund predicts India's economy will surpass California's in 2024, with a projected output of $4.11 trillion, potentially making California no longer the world's 5th largest economy.
April 11, 2024
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