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Indicators of economy in Japan

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2020 was at about 10.906 US Dollar per capita. In contrast, the GDP in Japan reached 40.193 US dollars per inhabitant, or 5,057.76 bn US Dollar in 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 into account the purchasing power parity, then Japan is in the list of the world's richest countries in place 35.

Inflation in Japan was in 2020 at around -0.02%. For the the EU, the average of the same was year at 0.50%. In the United States, it was most recently 1.23%.

Compared with the USA, prices for daily consumer goods are around 6.9% higher.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.


Back to overview: Japan

Impact of the Covid-19 pandemic in 2020

Overall, the gross domestic product in Japan in 2020 decreased moderatly from 5,148.78 billion US Dollar to 5,057.76 billion US Dollar. Certainly, there have been shifts in some sectors of the economy, but a minus of 1.8% is still comparatively good this year. Numerous countries suffered more substantial losses. The unemployment rate rose from 2.4 to 3.0 percent. The inflation rate has fallen from 0.5 percent previously to 0.0 percent by the end of 2020.

Unemployment rates in percent 1991 - 2020

Economic performance 2020

 Japan
Total
Japan
per capita
EU
Total
EU
per capita
GDP5,057.76 bn USD40,193.25 USD15,292.10 tn USD29,692.44 USD
Gross national product5,079.04 bn USD40,362.38 USD15,330.18 tn USD29,766.38 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. 217 of the 2000 largest listed companies in the world originate from Japan. This is determined annually in the Forbes Global 2000 list. The 10 largest companies in the country were in 2020:

Rank 11: Toyota Motor (Toyota)
Rank 43: Nippon Telegraph & Tel (Tokyo)
Rank 52: Mitsubishi UFJ Financial (Tokyo)
Rank 58: Sony (Tokyo)
Rank 66: Softbank (Tokyo)
Rank 72: Japan Post Holdings (Tokyo)
Rank 80: Sumitomo Mitsui Financial (Tokyo)
Rank 83: Honda Motor (Tokyo)
Rank 104: Mitsubishi (Tokyo)
Rank 122: KDDI (Tokyo)

Development of the Gross domestic product in billion US Dollar 1979 - 2020



Im- and Exports 2020

 Japan
Total
Japan
per capita
EU
Total
EU
per capita
Imports799.52 bn USD6,353.69 USD7,314.16 bn USD14,201.79 USD
Exports793.32 bn USD6,304.42 USD7,834.94 bn USD15,212.97 USD


Development of imports and exports in billion US dollars 1996 - 2020

Exports
Imports



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