Japan, the third-largest economy globally, showcases a unique blend of tradition and advanced technology. Key economic indicators reveal a mixed picture of recovery and structural challenges. As of 2023, Japan's nominal GDP is approximately $4.2 trillion, reflecting a gradual post-pandemic recovery, albeit with subdued growth compared to other economies. The unemployment rate is notably low, around 2.6%, highlighting a tight labor market. However, concerns arise from an aging population and declining birth rates, prompting government efforts to boost workforce participation, particularly among women and older adults.
Inflation has emerged as a significant issue, shifting from years of deflation to rising rates since 2022. This inflationary trend, driven by global supply chain disruptions and escalating energy costs, has led the Bank of Japan to reassess its long-standing ultra-loose monetary policy. Policymakers are now balancing the need for economic stimulus with inflation management.
Read More1. Market Outlook
1.1 Market Snapshot
1.2 Market Definition
1.3 Key Takeaways
2. Market Statistics
2.1 Gross Domestic Product (GDP) of Japan (in USD Trillion)
2.2 Number of Population of Japan From 2017 to 2023 (in Million)
2.3 Real Gross Domestic Product for Japan Q2017 to Q2023 (in USD Billion)
2.4 Total Expenditure of Japan in Terms of Share in FY-2023
2.5 Total Revenue of Japan in Terms of Share in FY-2023
2.6 Current Account Balance of Japan From 2017-2023 (in USD Billion)
2.7 Japan's Current Account Balance as a Percentage of GDP (2017-2023)
2.8 Japan's Tax Revenue From Apr 2023 to Aug 2024 (in USD Million)
2.9 Imports of Goods in Japan From 2019-2023 (in USD Million)
2.10 Exports of Goods in Japan From 2019-2023 (in USD Million)
2.11 Imports of Services in Japan From 2019-2023 (in USD Million)
2.12 Exports of Services in Japan From 2019-2023 (in USD Million)
2.13 In 2022 Top 10 Exports Trade Activities in Japan (in USD Billion)
2.14 In 2022 Top 10 Exports Trade Activities in Japan (in Percentage)
2.15 Top 10 Export Partners of Japan Trade in 2022 (in USD Billion)
2.16 Top 10 Export Partners of Japan Trade in 2022 (in Percentage)
2.17 Final Consumption Expenditure in Japan (% of GDP) From 2017 to 2022
2.18 Inflation Rate in Japan From Oct 2023 to Sep 2024
2.19 The Corporate Tax Rate in Japan From 2017 to 2023
3. Appendix
3.1 Research Process
3.2 Author
Key Economic Indicators of Japan