Japan - Economy
How is the economy of Japan? Based on the information we have, Japan has a fourth-largest economy; trade-oriented and highly diversified; high public debt levels; real wage declines in inflationary environment; sustained near-zero central bank rates coupled with depreciation of yen; strong rebound in tourism. Key agricultural products in this country include: rice, milk, sugar beets, vegetables, eggs, chicken, potatoes, cabbages, sugarcane, pork (2022).
More about the economy of Japan
| Labor force | 69.114 million (2022 est.) |
|---|---|
| Industrial production growth rate | -1.25% (2022 est.) |
| Industries | motor vehicles, electronic equipment, machine tools, steel and nonferrous metals, ships, chemicals, textiles, processed foods |
| Population below poverty line | 16.1% (2013 est.) |
| Taxes and other revenues | 35.2% (of GDP) (2017 est.) |
| Fiscal year | |
| Exchange rates | |
| Currency | yen (JPY) per US dollar - |
| Exchange rates 2022 | 131.498 (2022 est.) |
| Exchange rates 2021 | 109.754 (2021 est.) |
| Exchange rates 2020 | 106.775 (2020 est.) |
| Exchange rates 2019 | 109.01 (2019 est.) |
| Exchange rates 2018 | 110.423 (2018 est.) |
| Debt - external | |
| Debt - external 2019 | $4,254,271,000,000 (2019 est.) |
| Debt - external 2018 | $3,944,898,000,000 (2018 est.) |
| Reserves of foreign exchange and gold | |
| Reserves of foreign exchange and gold 2022 | $1.228 trillion (2022 est.) |
| Reserves of foreign exchange and gold 2021 | $1.406 trillion (2021 est.) |
| Reserves of foreign exchange and gold 2020 | $1.391 trillion (2020 est.) |
| Current account balance | |
| Current account balance 2022 | $90.963 billion (2022 est.) |
| Current account balance 2021 | $197.154 billion (2021 est.) |
| Current account balance 2020 | $150.029 billion (2020 est.) |
| Public debt | |
| Public debt 2021 | 216.36% of GDP (2021 est.) |
| Public debt 2020 | 215.77% of GDP (2020 est.) |
| Public debt 2019 | 198.02% of GDP (2019 est.) |
| Budget | |
| Revenues | $1.756 trillion (2019 est.) |
| Expenditures | $1.916 trillion (2019 est.) |
| Budget surplus (+) or deficit (-) | -3.5% (of GDP) (2017 est.) |
| Remittances | |
| Remittances 2022 | 0.13% of GDP (2022 est.) |
| Remittances 2021 | 0.11% of GDP (2021 est.) |
| Remittances 2020 | 0.1% of GDP (2020 est.) |
| Household income | |
| Lowest 10% | 2.9% |
| Highest 10% | 26.4% (2013 est.) |
| Average household expenditures | |
| On food | 16.7% of household expenditures (2021 est.) |
| On alcohol and tobacco | 3% of household expenditures (2021 est.) |
| Imports | |
| Imports 2022 | $1.08 trillion (2022 est.) |
| Imports 2021 | $942.45 billion (2021 est.) |
| Imports 2020 | $801.889 billion (2020 est.) |
| Imports (partners) | China 22%, Australia 10%, US 10%, UAE 5%, Saudi Arabia 4% (2022) |
| Comodities Imports force | crude petroleum, natural gas, coal, integrated circuits, garments (2022) |
| Exports | |
| Imports 2022 | $1.08 trillion (2022 est.) |
| Imports 2021 | $942.45 billion (2021 est.) |
| Imports 2020 | $801.889 billion (2020 est.) |
| Exports (partners) | US 19%, China 19%, South Korea 7%, Taiwan 7%, Thailand 4% (2022) |
| Comodities Exports force | cars, machinery, integrated circuits, vehicle parts/accessories, refined petroleum (2022) |
| Real GDP (purchasing power parity) | |
| Real GDP (purchasing power parity) 2022 | $5.21 trillion (2022 est.) |
| Real GDP (purchasing power parity) 2021 | $5.157 trillion (2021 est.) |
| Real GDP (purchasing power parity) 2020 | $5.049 trillion (2020 est.) |
| GDP (official exchange rate) | $4.232 trillion (2022 est.) |
| Real GDP Per capita | |
| Real GDP per capita 2022 | $41,600 (2022 est.) |
| Real GDP per capita 2021 | $41,000 (2021 est.) |
| Real GDP per capita 2020 | $40,000 (2020 est.) |
| GDP - composition, by sector of origin | |
| Agriculture | 1.1% (2017 est.) |
| Industry | 30.1% (2017 est.) |
| Services | 68.7% (2017 est.) |
| GDP - composition, by end use | |
| Household consumption | 55.5% (2017 est.) |
| Government consumption | 19.6% (2017 est.) |
| Investment in fixed capital | 24% (2017 est.) |
| Investment in inventories | 0% (2017 est.) |
| Exports of goods and services | 17.7% (2017 est.) |
| Imports of goods and services | -16.8% (2017 est.) |
| Unemployment rate | |
| Unemployment rate 2022 | 2.6% (2022 est.) |
| Unemployment rate 2021 | 2.83% (2021 est.) |
| Unemployment rate 2020 | 2.81% (2020 est.) |
| Youth unemployment rate (ages 15-24) | |
| Total | 4.4% (2021 est.) |
| Male | 4.6% |
| Female | 4.1% |
All Important Facts about Japan
Want to know more about Japan? Check all different factbooks for Japan below.
