Yes, according to some sources, the state of California’s economy is the fourth-largest in the world based on the International Monetary Fund (IMF) and U.S. Bureau of Economic Analysis (BEA) data, ranking it behind only the United States, China, and Germany. California’s gross state product (GSP) reached $4.1 trillion in 2024, surpassing Japan’s GDP of $4.02 trillion. 

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