In 2023, the gross domestic product of Japan was estimated to be around 4.22 trillion U.S. dollars. This makes Japan third in the world GDP ranking. However, Japan's GDP is much closer to those countries below it in this ranking, as the two largest economies in the world, the U.S. and China, are both several times larger than that of Japan. After decades of rapid growth in the post-WWII era, Japan's economic growth has stagnated in recent decades, with figures fluctuating between four and 6.3 trillion U.S. dollars since the 1990s.

Produk Domestik Bruto (PDB) di Jepang bernilai 4204,49 miliar dolar AS pada tahun 2023, menurut data resmi dari Bank Dunia. Nilai PDB Jepang mewakili 3,99 persen dari ekonomi dunia. Nilai saat ini, data historis, perkiraan, statistik, grafik dan kalender ekonomi - Jepang - PDB.

In 2024, Japan's gross domestic product (GDP) grew by three percent at current prices, according to the second preliminary announcement in March 2025. A year earlier, the highest growth rate of Japan’s nominal GDP in almost three decades was recorded. The nominal GDP measures the value of all goods and services produced in an economy, including price changes. GDP growth and inflation Japan’s real GDP growth, which is adjusted for inflation, was lower at 0.1 percent. After decades of struggling with deflation and attempts to reach a two percent inflation target with economic stimulus packages and monetary easing policies, consumer prices in Japan increased by almost 3.3 percent in 2023, led by global inflation. This development prompted the Bank of Japan to shift its monetary policy and raise the short-term interest rate for the first time in 17 years in 2024. Japan lost its status as the third-largest economy Many countries have raised interest rates in response to higher inflation in the past years. Since Japan’s central bank has done so at a much slower pace, a widening interest gap emerged between Japan and other major economies of the world. This is also one of the reasons for the depreciation of the yen against the dollar. Due to the weak yen, Japan’s GDP declined when converted into U.S. dollars, resulting in Japan losing its status as the third-largest economy in terms of GDP to Germany in 2023.

The Gross Domestic Product (GDP) in Japan expanded 0.60 percent in the fourth quarter of 2024 over the previous quarter. This dataset provides - Japan GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In the fiscal year 2021, Tokyo Prefecture recorded the highest GDP at current prices in Japan, at around 113.7 trillion Japanese yen. The nominal GDP of Osaka Prefecture amounted to 41.3 trillion yen.

The Gross Domestic Product (GDP) in Japan expanded 1.20 percent in the fourth quarter of 2024 over the same quarter of the previous year. This dataset provides - Japan GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Gross Domestic Product for Japan (JPNNGDP) from Q1 1994 to Q4 2024 about Japan and GDP.

In the fiscal year 2020, Tokyo Metropolis recorded the highest GDP at current prices in Japan, at 109.6 trillion Japanese yen. Osaka City followed with a GDP of about 19.5 trillion yen. Broken down by prefecture, Tokyo recorded the highest GDP in Japan.

Graph and download economic data for Real Gross Domestic Product for Japan (JPNRGDPEXP) from Q1 1994 to Q4 2024 about Japan, real, and GDP.

Key information about Japan Market Capitalization: % of GDP

• Japan Market Capitalization accounted for 163.5 % of its Nominal GDP in Dec 2024, compared with a percentage of 146.5 % in the previous year
• Japan Market Capitalization: % Nominal GDP is updated yearly, available from Dec 1994 to Dec 2024
• The data reached an all-time high of 163.5 % in Dec 2024 and a record low of 47.3 % in Dec 2002

CEIC calculates annual Market Capitalization as % of Nominal GDP from monthly Market Capitalization and annual Nominal GDP. Japan Exchange Group Inc. provides Market Capitalization in local currency. Economic and Social Research Institute provides Nominal GDP in local currency. Market Capitalization covers Tokyo Stock Exchange only, which is not the only equity market in the country but is highly representative. Before July 2013 Total Market Capitalization of TSE covers TSE 1st Section Shares, 2nd Section Shares and Mothers Shares. Since July 2013, Total Market Capitalization of TSE also covers Market Capitalization of Tokyo Pro Market Shares, JASDAQ Standard Shares and JASDAQ Growth Shares. On April 2022, the stock market was restructured into three new market segments (Prime Market, Standard Market, and Growth Market) replacing previous four market divisions: 1st Section, 2nd Section, Mothers, and JASDAQ (Standard and Growth).


Further information about Japan Market Capitalization: % of GDP

• In the latest reports, Prime Market recorded a monthly P/E ratio of 19.9 in Feb 2025
• Nikkei 225 Stock closed at 33,189.0 points in Jun 2023

GDP from Services in Japan increased to 19914.40 JPY Billion in 2023 from 19906.10 JPY Billion in 2022. This dataset provides - Japan Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The statistic shows the growth rate of the real gross domestic product (GDP) in Japan from 2019 to 2023, with projections up until 2029. In 2023, Japan's GDP increased by 1.68 percent compared to the previous year. For comparison, the GDP growth rate of China had reached about 8.45 percent that same year.Gross domestic product growth rate in JapanGDP serves as one of the most heavily relied upon indicators to gauge the state and health of a country’s economy. GDP is the total market value of all final goods and services that have been produced within a nation’s borders in a given period of time, usually a year. GDP figures allow a more fundamental understanding of a country’s economy. Year-on-year GDP growth acts as a helpful and clear sign of the direction in which a country is moving in economic terms. Real GDP is especially useful and insightful as it takes price changes (inflation and deflation) into account.The gross domestic product growth rate in Japan has been shaky since the recession of 2008 struck the world economy like a bolt out of the blue and Japan is still yet to gain a solid foothold. Despite its ongoing financial predicament however, Japan remains one of the world’s most highly developed economies. The economy of Japan is the third largest worldwide by nominal GDP and the nation has a very active manufacturing sector. It is active in the auto manufacturing sector, the third largest in the world after the United States and China, and has an electronics industry that is counted among the worlds most innovative. Japan can boast many titles, but perhaps the most significant to its future stability is that which relates to its astronomical national debts, currently running at over 200 percent of GDP, roughly 10.5 trillion US dollars.

Key information about Japan Investment: % of GDP

• Japan Investment accounted for 25.7 % of its Nominal GDP in Dec 2024, compared with a ratio of 26.6 % in the previous quarter.
• Japan investment share of Nominal GDP data is updated quarterly, available from Mar 1980 to Dec 2024, with an average ratio of 26.9 %.
• The data reached an all-time high of 34.0 % in Dec 1990 and a record low of 21.1 % in Jun 2010.

CEIC calculates Investment as % of Nominal GDP from quarterly Nominal Gross Capital Formation and quarterly Nominal GDP. Economic and Social Research Institute provides Nominal Gross Capital Formation in local currency and Nominal GDP in local currency, based on SNA 2008 with benchmark year 2015. Investment as % of Nominal GDP prior to Q1 1994 is based on SNA 1993 with benchmark year 2000.


Related information about Japan Investment: % of GDP

• In the latest reports, Japan GDP expanded 1.8 % YoY in Mar 2023.
• Japan Nominal GDP reached 1,080.1 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 1.7 % in Mar 2023.
• Japan GDP Per Capita reached 33,906.0 USD in Dec 2022.
• Its Gross Savings Rate was measured at 28.8 % in Mar 2022.

Key information about Japan Government Debt: % of GDP

• Japan Government debt accounted for 216.2 % of the country's Nominal GDP in Dec 2024, compared with the ratio of 217.2 % in the previous quarter.
• Japan government debt to GDP ratio data is updated quarterly, available from Dec 1994 to Dec 2024.
• The data reached an all-time high of 225.8 % in Mar 2021 and a record low of 55.9 % in Dec 1994.

CEIC calculates quarterly Government Debt as % of Nominal GDP from monthly Government Debt and rolling sum of quarterly Nominal GDP. The Bank of Japan provides Government Debt in local currency. The Economic and Social Research Institute provides Nominal GDP in local currency. Government Debt covers Central Government only.


Related information about Japan Government Debt: % of GDP

• In the latest reports, Japan National Government Debt reached 9,396.6 USD bn in Apr 2023.
• The country's Nominal GDP reached 1,080.1 USD bn in Mar 2023.

Government expenditure on education, total (% of GDP) in Japan was reported at 3.2376 % in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. Japan - Public spending on education, total (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2025.

The statistic shows the gross domestic product (GDP) per capita in Japan from 1987 to 2023, with projections up until 2029. In 2023, the estimated gross domestic product per capita in Japan was around 33,898.99 U.S. dollars. For further information, see Japan's GDP. Japan's economy Japan is the world’s second largest developed economy and a member of the Group of Eight, also known as G8, which is comprised of the eight leading industrialized countries. Due to a weak financial sector, overregulation and a lack of demand, Japan suffered substantially from the early 1990s until 2000, a time referred to as ‘’The Lost Decade’’. Japan’s economy is still slowly recovering from the country’s asset price bubble collapse; however it continues to struggle to retain economic milestones achieved in the 1980s. Japan’s response to the crash was to stimulate the economy, which in turn resulted in extensive amounts of debt that further increased into the 21st century, most notably after the 2008 financial crisis. Despite maintaining a surprisingly low unemployment rate, demand within the country remains inadequate, primarily because Japanese residents spend a rather small fraction of the money they earned from the workplace. Lower demand often has a direct effect on production, with companies seeing not enough profits to continue production at such a high rate. Based on the consumer confidence index, Japanese households found that their quality of life, income growth, employment and propensity to durable goods was below satisfactory standards, perhaps due to these households still experiencing the effects of the 1990s bubble crash.

Households Debt in Japan decreased to 65.10 percent of GDP in the third quarter of 2024 from 65.60 percent of GDP in the second quarter of 2024. This dataset provides - Japan Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Chart and table of population level and growth rate for the Tokyo, Japan metro area from 1950 to 2025. United Nations population projections are also included through the year 2035.

In 2023, the unemployment rate of women aged 15 years and older in Tokyo Prefecture was around 2.4 percent, while that of men was about 2.6 percent. The unemployment rate of men in the prefecture declined after rising for two consecutive years in 2020 and 2021.

Japan recorded a Government Budget deficit equal to 6.40 percent of the country's Gross Domestic Product in 2022. This dataset provides - Japan Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.