🐽 Snout-Out: California Brings Home the Bacon: Now the 4th-Largest Economy

Move over, sushi and samurais — California just flexed its economic muscles and snouted its way past Japan to become the world’s fourth-largest economy, according to fresh stats from the IMF and Bureau of Economic Analysis. 🐖🌎

Governor Gavin Newsom proudly announced that the Golden State’s nominal GDP hit a whopping $4.1 trillion in 2024, edging out Japan’s $4.03 trillion. Only the U.S. ($29.2T), China ($18.7T), and Germany ($4.7T) now outrank California on the global economic piggy pile.

Talk about bringing home the bacon!

California’s secret sauce? 🌟

• A booming tech sector worth nearly $1 trillion

• Over 1.1 million manufacturing jobs

• Tourism spending that hit a sizzling $150.4 billion

• An agriculture industry that's basically farming gold

  
  

With a population nearing 40 million and a diverse economy as golden as its nickname, California grew its GDP by 6% last year — faster than the U.S. (5.3%), Germany (2.9%), and even China (2.6%).

Meanwhile, Japan’s economy has been slowing down thanks to an aging population and declining workforce. And now, rising tariffs introduced by President Trump are making things even tougher for the export-heavy country. (Spoiler: the IMF just downgraded Japan’s outlook.)

But it’s not all sunny in Cali, either!

Governor Newsom recently filed a federal lawsuit over Trump's new tariffs, warning they could cause “immediate and irreparable harm” to California’s trade-dependent economy. Considering California’s trade topped $675 billion last year — with Mexico, Canada, and China making up over 40% — it's a piggy bank worth protecting.

RSL Perspective:

Just like California proves economic strength is built on diversity and resilience, building wealth through homeownership is all about diversifying your investment in yourself and your future.

🏡💼 Ready to claim your piece of prosperity?ReadySetLoan is here to help you cross your own financial finish line.

Snout-Out Tip: In any market — booming or not — planting roots with the right mortgage strategy can turn today's piggy bank into tomorrow’s treasure chest. 🐖✨

Visit ReadySetLoan today to start your journey!

www.ReadySetLoan.com