Japan's GDP

The main articles are:

• Economy of Japan
• GDP - Gross Domestic Product (GDP)

2075: Forecast for 5th largest GDP in the world at $7.5 trillion

Размеры GDP according to Goldman Sachs, announced in July 2023

2024

GDP growth of 0.1% to 609.29 trillion yen

At the end of 2024 GDP Japan , it grew by 0.1%. This is evidenced by the data of the country's cabinet, released in February 2025. This is significantly worse than the result of 2023, when the economy grew by 1.5%. Nominal GDP, which reflects the size of the economy at current prices, at the end of 2024 amounted to 609.29 trillion yen ($4 trillion). Economy Minister Resei Akazawa said the country's GDP will continue to grow, "but the impact of continued price increases on food and other goods on consumer spending needs to be remembered."^[1]

GDP per capita $32,859, at the level of 1992

GDP per capita in Japan in 2024 amounted to $32.859, which corresponds to the level of 1992.

2023

The fourth largest PPP GDP in the world

2023 data (in billions of international dollars)

GDP per capita according to PPP $50 thousand per year

For comparison of Russia's GDP per capita in 2023 amounted to $15.27 thousand

6% reduction in GDP over 20 years

GDP growth (at current prices) for the period 2003-2023:

China: 966%

India: 503%

Indonesia: 455%

Saudi Arabia: 395%

Russia: 303%

Brazil: 281%

Turkey: 265%

Canada: 136%

US: 135%

Germany: 77%

France: 65%

Britain: 61%

Italy: 38%

Japan: -6%

Japan plunged into recession and gave way to Germany's third world economy

Japan lost its place as the world's third largest economy, plunging into recession in the second half of 2023. Japan's economy dropped to fourth place in the world after Germany.

GDP Japan contracted 0.4% year-on-year in the final three months of 2023, following a revised 3.3% decline in the previous quarter.

Rising domestic inflation has weighed on consumer demand and exacerbated export problems as demand weakened.

Japan's preliminary Q3 GDP data was inflated and later revised lower

Change in the GDP of a number of countries in the period from the fourth quarter of 2019 to the first quarter of 2023

2022

The fourth largest PPP GDP in the world

In August 2023, the World Bank updated its PPP GDP estimates for the world at the end of 2022.

GDP decline to $4.17 trillion due to yen crash

The largest economy in the world in 2022 was still the United States with a nominal GDP of $25.46 trillion. The second place was taken by China ($17.94 trillion), the third - Japan ($4.17 trillion). Russia rose from 11th to 8th place with an indicator of $2.3 trillion, ahead of Canada and Italy.

ВВП countries of the world 2022 according to preliminary estimates IMF

GDP size forecast - $4.9 trillion

Countries in terms of GDP in 2022, according to the IMF forecast for the middle of the year

2021: GDP size - $5.1 trillion

Countries by GDP in 2021, billion dollars

GDP countries in the world in 2021 according to the estimates of the International Monetary Fund (IMF)

The dynamics of countries in the ranking of the largest economies in the world

2020: Runway falls 4.8% amid COVID-19 pandemic

GDP Japan In 2020, it decreased by 4.8% compared to 2019. This was influenced by a decrease in domestic demand and exports amid the coronavirus pandemic. COVID-19

Japan's GDP decline was the largest since 2009, when, under the influence of the global financial crisis, the figure fell by 5.7%. In 2020, Japan reduced personal consumption by almost 6%, which forms about 60% of gross domestic product. The volume of exports decreased by 12.3% compared to the indicator of 2019 under the influence of global demand reduction.

Economies of the world in terms of GDP dynamics in 2020

Economy Minister Yasutoshi Nishimura said the results show the economy's ability to recover. Consumer spending remains below average, he said, and exports could decline if the virus causes new restrictions in Europe or other important markets.

Japan's GDP falls record since 2009

GDP shows that the economy can recover if the virus does not disrupt work, said Yoshimasa Maruyama, chief economist at SMBC Nikko Securities. - The pandemic has not disrupted supply chains or manufacturing capacity like an earthquake, and many households are willing to spend given low unemployment.

Government spending, Bank of Japan credit support and a corporate culture that has traditionally put job security above high wages have helped keep unemployment at just 2.9%.

Nevertheless, the compromise was a reduction in wages, which could limit the recovery of the previous level of consumer spending after the end of the restrictive measures related to the coronavirus.

Over 20 years, Japan's GDP has grown by only 6%.

The immediate prospects depend on how long Japan's state of emergency lasts. The decrease in the number of cases of COVID-19 raises the hope that restrictions may be lifted in some areas before March 7, 2021, but given that hospital capacity is still limited, a final decision has not yet been made.^[2]

2019: GDP $5tn or $39,500 per capita

As of 2019

2018

5.79% of global GDP, 3rd in the world

Countries' share of nominal GDP in the global economy in 2018

Leading countries in terms of nominal GDP in 2018

GDP per capita $39,000

Notes