The gross domestic product (GDP) in current prices in Japan was about 4.03 trillion U.S. dollars in 2024. Between 1980 and 2024, the GDP rose by approximately 2.90 trillion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP will steadily rise by around 960 billion U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.This indicator describes the gross domestic product at current prices. The values are based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.

The Gross Domestic Product (GDP) in Japan stagnated 0 percent in the first quarter of 2025 over the previous quarter. This dataset provides - Japan GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2024, Japan's gross domestic product (GDP) grew by ***** 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 *** 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 *** 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.

Graph and download economic data for Gross Domestic Product for Japan (JPNNGDP) from Q1 1994 to Q1 2025 about Japan and GDP.

The Gross Domestic Product (GDP) in Japan was worth 4026.21 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Japan represents 3.79 percent of the world economy. This dataset provides - Japan GDP - 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 2020 to 2024, with projections up until 2030. In 2023, Japan's GDP increased by 1.49 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.

The Gross Domestic Product per capita in Japan was last recorded at 37144.91 US dollars in 2024. The GDP per Capita in Japan is equivalent to 294 percent of the world's average. This dataset provides - Japan GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Nominal Gross Domestic Product for Japan (NGDPSAXDCJPQ) from Q1 1994 to Q1 2025 about Japan and GDP.

The statistic shows the gross domestic product (GDP) per capita in Japan from 1987 to 2024, with projections up until 2030. In 2024, the estimated gross domestic product per capita in Japan was around 32,498.15 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.

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.

Japan GDP per capita for 2023 was $33,767, a 0.74% decline from 2022.

<ul style='margin-top:20px;'>

<li>Japan GDP per capita for 2022 was <strong>$34,017</strong>, a <strong>15.08% decline</strong> from 2021.</li>
<li>Japan GDP per capita for 2021 was <strong>$40,059</strong>, a <strong>0.04% increase</strong> from 2020.</li>
<li>Japan GDP per capita for 2020 was <strong>$40,041</strong>, a <strong>0.93% decline</strong> from 2019.</li>
</ul>GDP per capita is gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars.

Key information about Japan Foreign Direct Investment: % of GDP

• Japan Foreign Direct Investment (FDI) registered a growth equal to 0.7 % of the country's Nominal GDP in Dec 2024, compared with a growth equal to 0.4 % in the previous quarter.
• Japan Foreign Direct Investment: % of Nominal GDP data is updated quarterly, available from Mar 1980 to Dec 2024.
• The data reached an all-time high of 4.0 % in Jun 2020 and a record low -1.2 % in Jun 2006.

CEIC calculates Foreign Direct Investment as % of Nominal GDP from monthly Foreign Direct Investment and quarterly nominal GDP. The Bank of Japan provides Foreign Direct Investment in local currency. Economic and Social Research Institute provides Nominal GDP in local currency based on SNA 2008. Foreign Direct Investment as % of Nominal GDP prior to Q1 1996 is calculated from Foreign Direct Investment sourced from the International Monetary Fund and Nominal GDP based on SNA 1993.


Related information about Japan Foreign Direct Investment: % of GDP

• In the latest reports of Japan, Current Account recorded a surplus of 14.2 USD bn in Apr 2023.
• Foreign Direct Investment (FDI) fell by 167.1 USD mn in Jan 2025.
• Japan Direct Investment Abroad expanded by 8.3 USD bn in Jan 2025.
• Its Foreign Portfolio Investment increased by 4.8 USD bn in Dec 2024.
• The country's Nominal GDP was reported at 1,080.1 USD bn in Mar 2023.

Private consumption accounted for **** percent of gross domestic product (GDP) in Japan in 2024, according to the second preliminary announcement in March 2025. The share of net exports was negative at *** percent due to imports exceeding exports.

GDP Constant Prices in Japan decreased to 561055.80 JPY Billion in the first quarter of 2025 from 562010.80 JPY Billion in the fourth quarter of 2024. This dataset provides - Japan GDP Constant Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Japan Real GDP Growth

• The Gross Domestic Product (GDP) in Japan expanded 0.4 % YoY in Dec 2022, following a growth of 1.5 % in the previous quarter.
• Real GDP Growth YoY data in Japan is updated quarterly, available from Mar 1956 to Dec 2022, with an average rate of 3.2 %.
• The data reached an all-time high of 16.6 % in Mar 1960 and a record low of -10.4 % in Dec 1979.

CEIC calculates Real GDP Growth from quarterly Real GDP. Economic and Social Research Institute provides Real GDP in local currency, at chain linked 2015 prices. Real GDP Growth prior to Q1 1995 is calculated from Real GDP at 2000 prices. Real GDP Growth prior to Q1 1981 is calculated from GDP Volume Index with base 2010=100 sourced from the International Monetary Fund.


Related information about Japan Real GDP Growth

• In the latest reports, Nominal GDP of Japan reached 990.7 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 1.2 % in Dec 2022.
• GDP Per Capita in Japan reached 33,901.7 USD in Dec 2022.
• Its Gross Savings Rate was measured at 28.8 % in Mar 2022.
• For Nominal GDP contributions, Investment accounted for 26.6 % in Dec 2022.
• Public Consumption accounted for 22.3 % in Dec 2022.
• Private Consumption accounted for 55.2 % in Dec 2022.

In 2025, the United States had the largest economy in the world, with a gross domestic product of over 30 trillion U.S. dollars. China had the second largest economy, at around 19.23 trillion U.S. dollars. Recent adjustments in the list have seen Germany's economy overtake Japan's to become the third-largest in the world in 2023, while Brazil's economy moved ahead of Russia's in 2024. Global gross domestic product Global gross domestic product amounts to almost 110 trillion U.S. dollars, with the United States making up more than one-quarter of this figure alone. The 12 largest economies in the world include all Group of Seven (G7) economies, as well as the four largest BRICS economies. The U.S. has consistently had the world's largest economy since the interwar period, and while previous reports estimated it would be overtaken by China in the 2020s, more recent projections estimate the U.S. economy will remain the largest by a considerable margin going into the 2030s.The gross domestic product of a country is calculated by taking spending and trade into account, to show how much the country can produce in a certain amount of time, usually per year. It represents the value of all goods and services produced during that year. Those countries considered to have emerging or developing economies account for almost 60 percent of global gross domestic product, while advanced economies make up over 40 percent.

The statistic shows the gross domestic product (GDP) per capita in the United States from 1987 to 2024, with projections up until 2030. In 2024, the gross domestic product per capita in the United States amounted to around 85,812.18 U.S. dollars. Thus, the United States is one of the countries with the largest GDP per capita worldwide. See the U.S. GDP growth rate here and the US GDP for further information. For comparison, per capita GDP in China had reached about 5,553 U.S. dollars in 2011. Gross domestic product of the United States The gross domestic product (GDP) of a country is an economic key figure, as it represents the market value of goods and services produced in a country within one year. The United States’ GDP) is increasing consistently, and it is expected to continue growing. On a global scale, the U.S. share of GDP adjusted for Purchasing Power Parity has been in the range of 20 percent over the last few years, give or take a few percentage points. The United States has the largest GDP worldwide, with a significant lead over China, Japan and Germany. Gross domestic product per capita is annual GDP divided by the average population from the same year, which allows for a GDP calculation per inhabitant of a country. Thus, a country with a high GDP, like the United States, can still have a low GDP per capita. Consequently, if compared to other countries, the United States does not rank among the top ten on this list .

Key information about Japan External Debt: % of GDP

• Japan External Debt accounted for 111.4 % of the country's Nominal GDP in 2024, compared with the ratio of 107.7 % in the previous year.
• Japan External Debt: % of Nominal GDP data is updated yearly, available from Dec 2003 to Dec 2024.
• The data reached an all-time high of 111.4 % in Dec 2024 and a record low of 28.1 % in Dec 2003.

CEIC calculates External Debt as % of Nominal GDP from quarterly External Debt and annual Nominal GDP. The Bank of Japan provides External Debt in local currency based on BPM6. Economic and Social Research Institute provides Nominal GDP in local currency. External Debt prior to 2014 is based on BPM5.


Related information about Japan External Debt: % of GDP

• In the latest reports of Japan, Current Account recorded a surplus of 14.2 USD bn in Apr 2023.
• Foreign Direct Investment (FDI) fell by 167.1 USD mn in Jan 2025.
• Japan Direct Investment Abroad expanded by 8.3 USD bn in Jan 2025.
• Its Foreign Portfolio Investment increased by 4.8 USD bn in Dec 2024.
• The country's External Debt reached 4,312,375.1 in Dec 2024.
• The country's Nominal GDP was reported at 1,080.1 USD bn in Mar 2023.

In 2024, the gross domestic product (GDP) of China amounted to around 18.7 trillion U.S. dollars. In comparison to the GDP of the other BRIC countries India, Russia and Brazil, China came first that year and second in the world GDP ranking. The stagnation of China's GDP in U.S. dollar terms in 2022 and 2023 was mainly due to the appreciation of the U.S. dollar. China's real GDP growth was 3.1 percent in 2022 and 5.4 percent in 2023. In 2024, per capita GDP in China reached around 13,300 U.S. dollars. Economic performance in China Gross domestic product (GDP) is a primary economic indicator. It measures the total value of all goods and services produced in an economy over a certain time period. China's economy used to grow quickly in the past, but the growth rate of China’s real GDP gradually slowed down in recent years, and year-on-year GDP growth is forecasted to range at only around four percent in the years after 2024. Since 2010, China has been the world’s second-largest economy, surpassing Japan.China’s emergence in the world’s economy has a lot to do with its status as the ‘world’s factory’. Since 2013, China is the largest export country in the world. Some argue that it is partly due to the undervalued Chinese currency. The Big Mac Index, a simplified and informal way to measure the purchasing power parity between different currencies, indicates that the Chinese currency yuan was roughly undervalued by 38 percent in 2024. GDP development Although the impressive economic development in China has led millions of people out of poverty, China is still not in the league of industrialized countries on the per capita basis. To name one example, the U.S. per capita economic output was more than six times as large as in China in 2024. Meanwhile, the Chinese society faces increased income disparities. The Gini coefficient of China, a widely used indicator of economic inequality, has been larger than 0.45 over the last decade, whereas 0.40 is the warning level for social unrest.

In 2018, Germany’s GDP peaked at around four billion U.S. dollars, the highest GDP the country has reported in decades. It is predicted to grow towards 5.57 billion by 2030. Germany has the fourth-largest GDP in the world, after the United States, China, and Japan. The national debt of Germany has steadily been falling since 2012 and is now about a quarter of the size of Japan’s and half that of the United States. Development of GDP per capita Gross domestic product per capita in Germany has been increasing since 2015 and experienced its last period of decline between the mid-nineties and early noughties. In 2001, GDP per capita was the lowest it had been since the early nineties, but more than doubled by the time of the financial crisis in 2008. GDP per capita fluctuated throughout the subsequent decade, before reaching around 48,000 U.S. dollars in 2018. Largest economic sectors The service sector generates the highest share of GDP in Germany at nearly 70 percent. Finance and telecommunications are a large part of the service sector, as well as tourism – including hospitality and accommodation. Roughly a quarter of GDP currently comes from the production industry, not including construction. Agriculture, fishing, and forestry make up less than one percent.