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Gross domestic product (GDP) of Japan

GDP of Japan, 1970-2014

During 1970-2014 GDP of Japan in current prices rose by 4 393.3 billion US dollars (in 22.0 times) to 4 602.4 billion US dollars; change occurred by 46.5 billion US dollars by increasing of people by 23.1 million, as well as by 4 346.8 billion US dollars by increasing of GDP per capita by 34 282.3 US dollars. The average annual growth of GDP of Japan was 99.8 billion US dollars or 7.3%. The average annual growth of GDP of Japan in constant prices was 2.5%. Share in the world decreased by 0.25%. Share in Asia decreased by 24.0%. Minimal GDP was in 1970 (209.1 billion US dollars). Maximal GDP was in 2012 (5 957.3 billion US dollars).

During 1970-2014 GDP per capita in Japan grew by 34 282.3 US dollars (in 18.0 times) to 36 298.2 US dollars. The average annual growth of GDP per capita in current prices was 779.1 US dollars or 6.8%.

Change of GDP of Japan described by linear correlation-regression model: y=133.7x-263 291.5, where y - estimated value of GDP of Japan, x - year. Correlation rate = 0.94. Determination rate = 0.883.

GDP of Japan, 1970

GDP of Japan in 1970 was worth 209.1 billion US dollars, ranked 4th in the world and was on par with GDP of Germany (215.0 bln. US dollars). Share of Japan in the world GDP was 6.2%.

GDP per capita in Japan in 1970 was 2 016.0 US dollars, ranked 35th in the world and was on par with GDP per capita in Israel (2 126.4 US dollars), GDP per capita in Italy (2 112.5 US dollars), GDP per capita in Austria (2 042.1 US dollars), GDP per capita in British Virgin Islands (2 022.8 US dollars), GDP per capita in Bahrain (1 980.3 US dollars), GDP per capita in Puerto Rico (1 884.1 US dollars), GDP per capita in Libya (1 881.9 US dollars). GDP per capita in Japan was more, than GDP per capita in the World (923.7 US dollars) by 1 092.3 US dollars.

Comparison of GDP in Japan and the neighbors in 1970. GDP of Japan was more than GDP of China (89.6 billion US dollars), GDP of South Korea (9.0 billion US dollars). GDP per capita in Japan was more than GDP per capita in South Korea (286.3 US dollars), GDP per capita in China (110.9 US dollars).

Comparison of GDP in Japan and leaders in 1970. GDP of Japan was more than GDP of the United Kingdom (130.7 billion US dollars) by 60%, GDP of China (89.6 billion US dollars) in 2.3 times, but was less than GDP of the United States (1 075.9 billion US dollars) in 5.1 times, GDP of Germany (215.0 billion US dollars) by 2.8%. GDP per capita in Japan was more than GDP per capita in China (110.9 US dollars) in 18.2 times, but was less than GDP per capita in the United States (5 135.9 US dollars) in 2.5 times, GDP per capita in Germany (2 743.7 US dollars) by 36.1%, GDP per capita in the United Kingdom (2 349.9 US dollars) by 16.6%.

Potential GDP of Japan in 1970. With GDP per capita at the level of the United States (5 135.9 US dollars), GDP of Japan would be 532.6 billion US dollars, it is in 2.5 times more than the actual level.

GDP of Japan, 2014

GDP of Japan in 2014 was equal to 4 602.4 billion US dollars, ranked 3rd in the world. Share of Japan in the world GDP was 5.9%.

GDP per capita in Japan in 2014 was worth 36 298.2 US dollars, ranked 35th in the world and was on par with GDP per capita in Israel (38 500.3 US dollars), GDP per capita in Italy (35 812.2 US dollars). GDP per capita in Japan was more, than GDP per capita in the World (10 742.7 US dollars) by 25 555.6 US dollars.

Comparison of GDP in Japan and the neighbors in 2014. GDP of Japan was more than GDP of Russia (1 849.9 billion US dollars), GDP of South Korea (1 410.4 billion US dollars), but was less than GDP of China (10 430.6 billion US dollars). GDP per capita in Japan was more than GDP per capita in South Korea (28 165.7 US dollars), GDP per capita in Russia (12 897.9 US dollars), GDP per capita in China (7 616.7 US dollars).

Comparison of GDP in Japan and leaders in 2014. GDP of Japan was more than GDP of Germany (3 868.3 billion US dollars) by 19%, GDP of the United Kingdom (2 988.9 billion US dollars) by 54%, but was less than GDP of the United States (17 348.1 billion US dollars) in 3.8 times, GDP of China (10 430.6 billion US dollars) in 2.3 times. GDP per capita in Japan was more than GDP per capita in China (7 616.7 US dollars) in 4.8 times, but was less than GDP per capita in the United States (54 306.3 US dollars) by 49.6%, GDP per capita in Germany (47 966.2 US dollars) by 32.1%, GDP per capita in the United Kingdom (46 460.9 US dollars) by 28%.

Potential GDP of Japan in 2014. With GDP per capita at the level of the United States (54 306.3 US dollars), GDP of Japan would be 6 885.7 billion US dollars, it is by 49.6% more than the actual level.

GDP of Japan
YearGDP, bln. $GDP per capita, $Growth of GDP, %Share in, %
current pricesconstant pricescurrent pricesconstant pricesWorldAsiaEastern Asia
19702005
1970 209.1 209.1 1 582.1 2 016.0 6.241.464.8
1971 236.2 218.9 1 656.4 2 246.0 4.76.342.465.5
1972 312.7 237.3 1 795.8 2 933.3 8.47.346.569.0
1973 424.9 256.4 1 940.0 3 931.1 8.08.148.270.9
1974 471.6 253.2 1 916.2 4 307.4 -1.28.044.071.1
1975 512.9 261.1 1 975.5 4 628.5 3.17.743.570.5
1976 576.4 271.4 2 054.0 5 146.8 4.08.043.672.0
1977 709.4 283.4 2 144.2 6 274.1 4.48.845.173.5
1978 996.7 298.3 2 257.2 8 739.2 5.310.450.275.6
1979 1 037.5 314.7 2 381.0 9 021.9 5.59.446.272.5
1980 1 087.0 323.5 2 448.1 9 377.7 2.88.943.670.7
1981 1 201.5 337.0 2 550.3 10 284.6 4.29.644.572.6
1982 1 116.8 348.4 2 636.5 9 488.2 3.49.042.870.9
1983 1 218.1 359.1 2 717.2 10 274.9 3.19.544.171.3
1984 1 294.6 375.1 2 838.4 10 850.0 4.59.945.071.3
1985 1 384.5 398.9 3 018.2 11 538.9 6.310.348.372.5
1986 2 051.1 410.2 3 103.7 17 014.0 2.813.257.678.8
1987 2 485.2 427.0 3 231.1 20 535.4 4.114.159.479.3
1988 3 015.4 457.5 3 462.1 24 831.8 7.115.360.678.8
1989 3 017.1 482.1 3 648.0 24 764.2 5.414.658.276.2
1990 3 103.7 508.9 3 851.3 25 388.3 5.613.556.276.8
1991 3 536.8 525.9 3 979.3 28 824.2 3.314.758.277.4
1992 3 852.8 530.2 4 011.9 31 277.7 0.8215.057.976.4
1993 4 415.0 531.1 4 018.7 35 702.8 0.1716.858.976.2
1994 4 850.3 535.7 4 053.4 39 083.7 0.8617.460.377.3
1995 5 333.9 546.1 4 132.2 42 848.5 1.917.358.875.5
1996 4 706.2 560.3 4 240.0 37 711.4 2.614.953.370.9
1997 4 324.3 569.3 4 307.7 34 580.8 1.613.850.568.2
1998 3 914.6 557.9 4 221.4 31 250.0 -2.012.650.567.7
1999 4 432.6 556.8 4 213.0 35 324.8 -0.2013.751.568.2
2000 4 731.2 569.3 4 308.1 37 634.4 2.314.251.067.4
2001 4 159.9 571.3 4 323.4 33 021.5 0.3612.647.863.8
2002 3 980.8 573.0 4 335.9 31 531.4 0.2911.544.660.7
2003 4 302.9 582.7 4 409.0 34 008.9 1.711.143.760.2
2004 4 655.8 596.4 4 513.1 36 725.6 2.410.741.858.8
2005 4 571.9 604.2 4 571.9 36 005.0 1.39.737.754.8
2006 4 356.7 614.4 4 649.3 34 268.3 1.78.533.149.9
2007 4 356.3 627.9 4 751.2 34 234.5 2.27.529.045.0
2008 4 849.2 621.3 4 701.7 38 087.2 -1.07.728.043.7
2009 5 035.1 587.0 4 441.8 39 540.7 -5.58.428.643.2
2010 5 498.7 614.6 4 651.1 43 188.2 4.78.426.841.3
2011 5 909.0 611.9 4 630.0 46 435.0 -0.458.124.938.5
2012 5 957.3 622.5 4 710.6 46 855.9 1.78.023.636.1
2013 4 919.6 632.4 4 785.4 38 741.5 1.66.519.229.6
2014 4 602.4 631.8 4 780.9 36 298.2 -0.0945.917.426.5

GDP of Japan

GDP of Japan

GDP per capita in Japan

GDP per capita in Japan

Growth of GDP in Japan

Growth of GDP in Japan

Growth of GDP in Japan

Structure of GDP in Japan

Structure of GDP in Japan, %
YearFinal consumption expenditureCapital formationNet export
TotalHousehold consumption expenditureGovernment consumption expenditureTotalFixed capital formation
197059.348.610.738.835.51.2
198068.854.714.132.131.6-0.95
199066.653.313.332.532.00.91
200073.456.516.925.125.21.4
201078.959.219.719.820.01.3
201481.360.620.721.822.4-3.1

Structure of GDP in Japan, comparing to the World, +/-
YearConsumption expenditureCapital formationNet export
TotalHousehold consumption expenditureGovernment consumption expenditureTotalFixed capital formation
1970-14.0-8.8-5.111.810.01.2
1980-5.6-2.4-3.15.56.0-0.60
1990-8.5-5.1-3.37.47.71.1
2000-2.7-3.60.921.32.11.3
20103.81.52.3-4.3-3.20.47
20147.13.33.9-3.1-1.7-4.1

Structure of GDP in Japan, comparing to Asia, +/-
YearConsumption expenditureCapital formationNet export
TotalHousehold consumption expenditureGovernment consumption expenditureTotalFixed capital formation
1970-10.8-9.8-0.0538.69.10.74
19800.260.0140.662.13.7-3.2
1990-1.7-1.4-0.0351.42.60.16
20002.41.21.3-1.3-0.67-1.2
201014.09.24.9-12.2-10.2-1.9
201417.411.65.8-11.6-10.0-5.8

Comparison with neighbors

GDP in Japan and its neighbors, bln. $
YearChinaJapanRussiaSouth Korea
197089.6209.19.0
1980302.91 087.065.0
1990396.63 103.7571.0279.3
20001 208.94 731.2259.7561.6
20106 005.45 498.71 524.91 094.5
201410 430.64 602.41 849.91 410.4

GDP per capita in Japan and its neighbors, $
YearJapanSouth KoreaRussiaChina
19702 016.0286.3110.9
19809 377.71 735.1309.8
199025 388.36 500.63 869.3343.5
200037 634.412 154.91 774.0951.9
201043 188.222 295.810 652.04 478.4
201436 298.228 165.712 897.97 616.7

Comparison with leaders

GDP in Japan and leaders, bln. $
YearUnited StatesChinaJapanGermanyUnited Kingdom
19701 075.989.6209.1215.0130.7
19802 862.5302.91 087.0946.7565.0
19905 979.6396.63 103.71 764.91 093.2
200010 284.81 208.94 731.21 950.01 554.7
201014 964.46 005.45 498.73 417.12 403.6
201417 348.110 430.64 602.43 868.32 988.9

GDP per capita in Japan and leaders, $
YearUnited StatesGermanyUnited KingdomJapanChina
19705 135.92 743.72 349.92 016.0110.9
198012 468.012 112.910 048.79 377.7309.8
199023 649.022 352.919 142.225 388.3343.5
200036 355.423 810.126 410.937 634.4951.9
201048 291.542 482.538 324.443 188.24 478.4
201454 306.347 966.246 460.936 298.27 616.7

Partnership of Japan in regional organizations

Share of Japan in GDP of regional organizations, %
Organization197019801990200020102014
Asia-Pacific Economic Cooperation12.920.525.723.915.410.5
Group of Seven10.615.720.721.716.812.9
Group of Twenty8.912.716.917.510.97.7
Trans-Pacific Partnership14.022.929.627.521.516.4

© Ivan Kushnir


E-book. World macroeconomic research, 1970-2014