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Indicators of economy in Japan

The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,230 USD per capita. GDP in Japan, on the other hand, reached USD 39,313 per capita, or 4.941 trillion USD for the whole country. Japan is one of the world's largest economies and is currently at rank 3. If this is calculated per inhabitant, taking purchasing power parity into account, then Japan ranks 37th in the list of the richest countries.

Inflation in Japan in 2021 was around -0.23%. Within the EU, the average in the same year was 2.55 percent. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 1.9 percent higher.
The index for perceived corruption in the public sector is 73, which is above average by global standards.


Back to overview: Japan

Impact of the COVID-19 pandemic

Overall, the gross domestic product in Japan in 2020 decreased moderatly from 5.123 trillion US dollars to 5.040 trillion US dollars. Certainly, there have been shifts in some sectors of the economy, but a drop of 1.6 percent is still comparatively good this year. Numerous countries suffered more substantial losses. The tourism sector alone slumped by around 77 percent. The unemployment rate rose from 2.4 to 2.8 percent. The inflation rate fell from 0.5 percent previously to zero percent by the end of 2020.

Unemployment rates in percentages 1991 - 2021

Economic performance 2021

 Japan
Total
Japan
per capita
EU
Total
EU
per capita
GDP4.941 tn USD39,312.66 USD17.177 tn USD33,384.92 USD
Gross national product5.361 tn USD42,652.89 USD16.895 tn USD32,835.37 USD


Japan ranked 12th in the Bloomberg Innovation Index in 2021. The index is calculated annually and most recently included 60 countries. The front-runner was South Korea. Out of the 2,000 largest listed companies in the world, 196 originate from Japan. This is determined annually in the Forbes Global 2000 list. The 10 largest companies in the country in 2022 were:

Rank 10: Toyota Motor (Toyota)
Rank 44: Softbank (Tokyo)
Rank 53: Nippon Telegraph & Tel (Tokyo)
Rank 56: Sony (Tokyo )
Rank 58: Mitsubishi UFJ Financial (Tokyo)
Rank 103: Honda Motor (Tokyo)
Rank 104: Mitsubishi (Tokyo)
Rank 127: Sumitomo Mitsui Financial (Tokyo)
Rank 140: Mitsui (Tokyo)
Rank 141: Itochu (Tokyo)

Development of gross domestic product in billions of USD 1960 - 2021



Imports and Exports 2021

 Japan
Total
Japan
per capita
EU
Total
EU
per capita
Imports941.67 bn USD7,492.52 USD8.916 tn USD17,329.02 USD
Exports919.16 bn USD7,313.39 USD9.554 tn USD18,569.19 USD


Development of imports and exports in billions of USD 1996 - 2021

Exports
Imports



Japan: AirportsLargest airports and airlines in JapanThe 30 biggest airports and 8 airlines in Japan with further information and data with further information on airlines and destinations
Japan: Public HolidaysPublic holidays in Japan 2023-2027Statutory and inofficial holidays in Japan for 2023 to 2027
Pariah StatesList of the 11 current Pariah States11 countries, that suffer from the sanctions of the international community because of their mostly autocratic government.