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California Falls to Fifth-Largest Economy, Japan Reclaims Fourth

10/15/2025

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Summary

Story summary

California has dropped to the world's fifth-largest economy, according to the International Monetary Fund (IMF).
In Q2 2025, California generated $4.215 trillion, up 5% from a year earlier.
Japan reclaimed the fourth spot with $4.28 trillion, up 6.5%.
India ranks next at $4.125 trillion, followed by the United Kingdom at $3.96 trillion.
The IMF projects the global economy at $117 trillion in 2025, with risks from protectionism and labor shortages.

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Story summary

California has dropped to the world's fifth-largest economy, according to the International Monetary Fund (IMF).
In Q2 2025, California generated $4.215 trillion, up 5% from a year earlier.
Japan reclaimed the fourth spot with $4.28 trillion, up 6.5%.
India ranks next at $4.125 trillion, followed by the United Kingdom at $3.96 trillion.
The IMF projects the global economy at $117 trillion in 2025, with risks from protectionism and labor shortages.