💸🌏 Stat of the Day: Surf Isn’t the Only Thing Up in California

They don’t call it The Golden State for nothing.

With a 2024 GDP of $4.1 trillion, California surpassed Japan to become the fourth-largest economy in the world, according to new data from the International Monetary Fund (IMF) and the US Bureau of Economic Analysis—trailing only Germany ($4.7 trillion), China ($18.7 trillion), and the rest of the US combined ($25.1 trillion).

• California’s economy accounts for ~14% of US GDP, with the real estate, finance, and tech sectors among the top contributors, per the state’s Public Policy Institute.

However…Its ranking may be like the NFT craze—short-lived. The IMF projects that India’s GDP will overtake California’s in 2026.

🤔 Did You Know? There are an estimated 3+ million shipwrecks resting undiscovered in the world’s oceans, carrying a collective $60 billion—$100 billion worth of sunken treasure.

📰 Worth a Read: Three factories, $355,000, and the maddening quest to make a clear beverage can