Japan Economic Statistics and Indicators
22, May 2015, EDT. Welcome to the Japan economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.
Economic Indicators For: Japan › Change country
National or Regional Currency: Yen, JPY
Year of data: 2014 › Change year
Number of Indicators Listed: 43
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 127,103,388 (July 2014 est.) ; note: Millersville settlement on western side of island occasionally used as a weather station from 1935 until World War II, when it was abandoned; reoccupied in 1957 during the International Geophysical Year by scientists who left in 1958; public entry is by special-use permit from US Fish and Wildlife Service only and generally restricted to scientists and educators; visited annually by US Fish and Wildlife Service
Area: total: 377,915 sq km ; land: 364,485 sq km ; water: 13,430 sq km ; note: includes Bonin Islands (Ogasawara-gunto), Daito-shoto, Minami-jima, Okino-tori-shima, Ryukyu Islands (Nansei-shoto), and Volcano Islands (Kazan-retto)
Natural Resources: negligible mineral resources, fish ; note: with virtually no energy natural resources, Japan is the world's largest importer of coal and liquefied natural gas, as well as the second largest importer of oil
Capital: name: Tokyo ; geographic coordinates: 35 41 N, 139 45 E ; time difference: UTC+9 (14 hours ahead of Washington, DC, during Standard Time)
In the years following World War II, government-industry cooperation, a strong work ethic, mastery of high technology, and a comparatively small defense allocation (1% of GDP) helped Japan develop a technologically advanced economy. Two notable characteristics of the post-war economy were the close interlocking structures of manufacturers, suppliers, and distributors, known as keiretsu, and the guarantee of lifetime employment for a substantial portion of the urban labor force. Both features are now eroding under the dual pressures of global competition and domestic demographic change. Japan's industrial sector is heavily dependent on imported raw materials and fuels. A small agricultural sector is highly subsidized and protected, with crop yields among the highest in the world. While self-sufficient in rice production, Japan imports about 60% of its food on a caloric basis. For three decades, overall real economic growth had been spectacular - a 10% average in the 1960s, a 5% average in the 1970s, and a 4% average in the 1980s. Growth slowed markedly in the 1990s, averaging just 1.7%, largely because of the after effects of inefficient investment and an asset price bubble in the late 1980s that required a protracted period of time for firms to reduce excess debt, capital, and labor. Modest economic growth continued after 2000, but the economy has fallen into recession three times since 2008. A sharp downturn in business investment and global demand for Japan's exports in late 2008 pushed Japan into recession. Government stimulus spending helped the economy recover in late 2009 and 2010, but the economy contracted again in 2011 as the massive 9.0 magnitude earthquake and the ensuing tsunami in March disrupted manufacturing. The economy has largely recovered in the two years since the disaster, but reconstruction in the Tohoku region has been uneven. Prime Minister Shinzo ABE has declared the economy his government's top priority; he has overturned his predecessor's plan to permanently close nuclear power plants and is pursuing an economic revitalization agenda of fiscal stimulus, monetary easing, and structural reform. Japan joined the Trans Pacific Partnership negotiations in 2013, a pact that would open Japan's economy to increased foreign competition and create new export opportunities for Japanese businesses. Measured on a purchasing power parity (PPP) basis that adjusts for price differences, Japan in 2013 stood as the fourth-largest economy in the world after second-place China, which surpassed Japan in 2001, and third-place India, which edged out Japan in 2012. The new government will continue a longstanding debate on restructuring the economy and reining in Japan's huge government debt, which is exceeding 230% of GDP. To help raise government revenue and reduce public debt, Japan decided in 2013 to gradually increase the consumption tax to a total of 10% by the year 2015. Japan is making progress on ending deflation due to a weaker yen and higher energy costs, but reliance on exports to drive growth and an aging, shrinking population pose other major long-term challenges for the economy.
More on the Japan Economy
More on the Japan Export, Import and Trade
GDP (Constant Prices, National Currency) for Japan in year 2014 is JPY 530,047.22 Billion.
GDP (Current Prices, National Currency) for Japan in year 2014 is JPY 488,609.54 Billion.
GDP (Current Prices, US Dollars) for Japan in year 2014 is US$ 4,769.80 Billion.
GDP Deflator for Japan in year 2014 is 92.182 (Index, Base Year as per country's accounts = 100).
GDP Per Capita (Constant Prices, National Currency) for Japan in year 2014 is JPY 4,171,607.56 .
GDP Per Capita (Current Prices, National Currency) for Japan in year 2014 is JPY 3,845,482.42 .
GDP Per Capita (Current Prices, US Dollars) for Japan in year 2014 is US$ 37,539.58 .
GDP (PPP), US Dollars for Japan in year 2014 is US$ 4,788.03 Billion.
GDP Per Capita (PPP), US Dollars for Japan in year 2014 is US$ 37,683.05 .
Implied PPP Conversion Rate for Japan in year 2014 is 102.048 .
Investment (% of GDP) for Japan in year 2014 is 22.153 %.
Inflation, Average Consumer Prices (Indexed to Year 2000) for Japan in year 2014 is 102.699 (Index, Base Year 2000 = 100).
Inflation, End of Year (Indexed to Year 2000) for Japan in year 2014 is 103.448 (Index, Base Year 2000 = 100).
Employment for Japan in year 2014 is 63.357 Million .
Population for Japan in year 2014 is 127.061 Million .
General government revenue (National Currency) for Japan in year 2014 is JPY 159,972.20 Billions.
General government total expenditure (National Currency) for Japan in year 2014 is JPY 194,622.35 Billions.
Total Government Net Lending/ Borrowing (National Currency) for Japan in year 2014 is JPY -34,650.15 Billions.
General Government Structural Balance (National Currency) for Japan in year 2014 is JPY -33,089.62 Billion.
Fiscal Year Gross Domestic Product, Current Prices for Japan in year 2014 is JPY 488,609.54 Billions.
Current Account Balance (US Dollars) for Japan in year 2014 is US$ 45.417 Billion.
|Number of Internet Users for Japan|
|Internet Penetration Rate for Japan|
|Number of Facebook Accounts for Japan|
|Facebook Penetration Rate for Japan|
|Corruption Perceptions Index Rank and Score for Japan|
Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International