Japan: Economy
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Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
High Income |
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Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developed |
| Economic Trivia | While self-sufficient in rice production, Japan imports about 60% of its food on a caloric basis. |
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Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2021): China, United States, and South Korea |
| Top Industries Source: CIA World Factbook | Motor Vehicles; Electronic Equipment; Machine Tools; Steel and Nonferrous Metals |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $5,702,286,567,031 (2022) |
| GDP Growth Rate (annual %) | 1.029% (2022) |
| GDP Per Capita, PPP (current international) | $45,573 (2022) |
GDP Country Rank 4/197 (2022)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 2.498% (2022) |
| External debt stocks, total (DOD, current US$) | Data unavailable |
| Total tax rate (% of commercial profits) | 46.7% (2019) |
| Real Interest Rate (5 year average %) | 1.069% (2017) |
| Manufacturing, value added (% of GDP) | 20.479% (2021) |
| Current Account Balance (BoP, current US$) | $90,963,103,991 (2022) |
Labor and Employment [1]
| Labor Force, Total | 68,931,322 (2022) |
| Employment in Agriculture (% of total employment) | 3.17% (2021) |
| Employment in Industry (% of total employment) | 23.712% (2021) |
| Employment in Services (% of total employment) | 73.118% (2021) |
| Unemployment Rate | 2.641% (2022) |
Trade [1]
| Imports of goods and services (current US$) | $937,984,913,930 (2021) |
| Exports of goods and services (current US$) | $911,086,657,017 (2021) |
| Total Merchandise Trade (% of GDP) | 38.859% (2022) |
| FDI, net inflows (BoP, current US$) | $47,522,407,141 (2022) |
| Commercial Service Exports (current US$) | $166,035,428,482 (2022) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Japan’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.