The Gross Domestic Product (GDP) in Japan was worth 4204.49 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Japan represents 3.99 percent of the world economy. This dataset provides - Japan GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

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.

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.

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

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

During the "Golden Age of Capitalism", from 1950 to 1973, GDP grew by annual averages of just under five percent in Western Europe*, four percent in the U.S., and ten percent in Japan. This period of prosperity came to an end with the recession of 1973-1975, however GDP growth rates did not return to their previous levels when the recession ended, as growth was fairly sporadic in the 1970s and then much slower throughout the 1980s. From 1973 to 1987, GDP grew annually at just two fifth of the Golden Age's rate in Europe and Japan, while the U.S.' annual rates were somewhat closer.

One major difference between the two given periods was that the U.S. was the dominant and most influential economy of all developed (non-communist) countries in the 1950s and 1960s, however, the 1970s and 1980s saw Japan and the European Communities (led by West Germany and France) emerge as major economic powers in their own right. While the U.S. remained the most powerful country in the world, other developed nations became more economically autonomous, and began asserting their own influence internationally.

GDP, billion currency units in Japan, December, 2024 The most recent value is 161974.9 billion Japanese Yen as of Q4 2024, an increase compared to the previous value of 149442.7 billion Japanese Yen. Historically, the average for Japan from Q1 1960 to Q4 2024 is 89669.91 billion Japanese Yen. The minimum of 3361 billion Japanese Yen was recorded in Q1 1960, while the maximum of 161974.9 billion Japanese Yen was reached in Q4 2024. | TheGlobalEconomy.com

Key information about Japan Nominal GDP Growth

• Japan Nominal GDP Growth was reported at 3.995 % in Dec 2024.
• This records an increase from the previous number of 3.159 % for Sep 2024.
• Japan Nominal GDP Growth data is updated quarterly, averaging 1.523 % from Mar 1981 to Dec 2024, with 176 observations.
• The data reached an all-time high of 10.057 % in Jun 1990 and a record low of -8.446 % in Mar 2009.
• Japan Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly: Seasonally Adjusted.

CEIC calculates quarterly Nominal GDP Growth from quarterly Nominal GDP. Economic and Social Research Institute provides Nominal GDP in local currency based on SNA 2008. Nominal GDP Growth prior to Q1 1995 is based on SNA 1993.

Graph and download economic data for Real Gross Domestic Product for Japan (NGDPRXDCJPA) from 1994 to 2023 about Japan, real, and GDP.

Japan JP: GDP: Growth data was reported at 1.713 % in 2017. This records an increase from the previous number of 0.938 % for 2016. Japan JP: GDP: Growth data is updated yearly, averaging 3.100 % from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 12.882 % in 1968 and a record low of -5.416 % in 2009. Japan JP: GDP: Growth data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Japan – Table JP.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. 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.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

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.

Key information about Japan Nominal GDP

• Japan Nominal GDP reached 991.9 USD bn in Dec 2022, compared with 1,000.8 USD bn in the previous quarter.
• Nominal GDP in Japan is updated quarterly, available from Mar 1957 to Dec 2022, with an average number of 759.9 USD bn.
• The data reached an all-time high of 1,616.9 USD bn in Dec 2011 and a record low of 7.0 USD bn in Mar 1957.

CEIC converts quarterly Nominal GDP into USD. Economic and Social Research Institute provides annualized Nominal GDP in local currency based on SNA 2008 with benchmark year 2015. Federal Reserve Board average market exchange rate is used for currency conversions. Nominal GDP prior to Q1 1994 is based on SNA 1993 with benchmark year 2000 and prior to Q1 1980 is based on SNA 1968.


Related information about Japan Nominal GDP

• In the latest reports, Japan GDP expanded 0.6 % YoY in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 1.2 % in Dec 2022.
• Japan GDP Per Capita reached 33,911.2 USD in Dec 2022.
• Its Gross Savings Rate was measured at 28.8 % in Mar 2022.
• For Nominal GDP contributions, Investment accounted for 27.3 % in Sep 2022.
• Public Consumption accounted for 22.3 % in Dec 2022.
• Private Consumption accounted for 55.2 % in Dec 2022.

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

Japan: Exports of goods and services as percent of GDP: The latest value from 2023 is 21.81 percent, an increase from 21.54 percent in 2022. In comparison, the world average is 45.64 percent, based on data from 154 countries. Historically, the average for Japan from 1970 to 2023 is 12.99 percent. The minimum value, 8.82 percent, was reached in 1995 while the maximum of 21.81 percent was recorded in 2023.

In 2023, the real value added by the accommodation and food service industry in Japan to the gross domestic product (GDP) grew by 20.4 percent compared to the previous year, making it the sector with the highest growth of that year. The real GDP of the transport and postal services industry grew by 8.9 percent.

Key information about Japan Gross Savings Rate

• Japan Gross Savings Rate was measured at 28.8% in Mar 2022, compared with 28.8% in the previous quarter.
• Japan Gross Savings Rate is updated quarterly, with data available from Mar 1980 to Mar 2022, and an average rate of 28.8%.
• The data reached an all-time high of 28.8% in Mar 1992 and a record low of 22.9% in Mar 2014.
• CEIC calculates quarterly Gross National Savings Rate from quarterly Gross Savings and quarterly Gross National Income. Economic and Social Research Institute provides Gross Savings in local currency and Gross National Income in local currency, based on SNA 2008 with benchmark year 2015. Gross National Savings Rate prior to Q1 1994 is based on SNA 1993 with benchmark year 2000.
• In the latest reports, Japan GDP expanded 1.8% YoY in Mar 2023.
• Japan Nominal GDP reached 1,080,149.8 USD mn 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.

Graph and download economic data for Output-side Real GDP at chained Purchasing Power Parities for Japan (RGDPOSJPA666NRUG) from 1950 to 2019 about chained, PPP, Japan, real, and GDP.

Inflation Rate in Japan decreased to 3.70 percent in February from 4 percent in January of 2025. This dataset provides the latest reported value for - Japan Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.