California Ranked World’s 5th Largest Economy for 7th Straight Year

The Golden State maintained its position, following the United States, China, Germany, and Japan.

A giant digital sign is seen at Facebook's corporate headquarters campus in Menlo Park, California, on Oct. 23, 2019. Josh Edelson/AFP via Getty Images

California has once again secured its position as the fifth-largest economy globally, according to a report by the World Economic Outlook released by the International Monetary Fund April 16.

“California continues to punch above its weight, overperforming all but a handful of the largest countries in the world,” said Gov. Gavin Newsom in a statement. “And with our unparalleled combination of innovation, higher education, a talented workforce, diverse industries, and unparalleled natural resources, we will continue to do so well into the future.”