Real gross domestic product (GDP), the total value of goods and services produced, shrank 0.1 percent from the previous quarter, the government's preliminary figures showed. Japan's nominal GDP in 2023, unadjusted for inflation, s...
In 2023, Japan's nominal gross domestic product, or nominal GDP, was US$4.2106 trillion, falling to fourth place in the world. Nagahama Toshihiro, a senior economic analyst at Japan's Dai-ichi Life Economics Research Institute, said that the biggest reason was the excessive depreciation of ...
Germany has overtaken Japan to be the world's third-largest economy. According to official Japanese data released on Thursday, Japan's nominal GDP in 2023 was 591.48 trillion yen ($4.21 trillion), lower than Germany's $4.46 tril...
The International Monetary Fund (IMF) foresees Japan dropping in GDP to fourth place just behind Germany this year.
Japan's nominal GDP totaled $4.2 trillion last year. 日本去年的名义GDP总额为4.2万亿美元。 Germany's was between $4.4 and $4.5 trillion. 德国的名义GDP总额在4.4至4.5万亿美元之间。 Real GDP takes into account inflation, while nominal GDP does not. ...
Meanwhile, Japan lost its status as the world's third-largest economy to Germany in dollar terms, as its nominal GDP for 2023, unadjusted for inflation, stood at 4.21 trillion U.S. dollars, less than the size of the German economy which totaled 4.46 trillion U.S. dollars. ...
According to the report, Japan's nominal GDP -- that is, unadjusted for inflation -- is expected to fall 0.2%, year-on-year, to $4.23 trillion in 2023, while Germany's is forecast to expand 8.4% to $4.42 trillion. The U.S., the world's largest economy, is expected to grow 5.8...
4212.954256.416272.3647.421960 - 2023USD BillionYearly Current USD CompareGDP by Country Related Japanese Shares Slip as BOJ Hikes Rates Japanese Yen Rises as BOJ Hikes Rates to 0.5% Japan Raises Policy Rate to Highest Since 2008 Japan Manufacturing Shrinks the Most in 10 Months ...
A weaker Japanese yen was a key factor in the drop to fourth place, since comparisons of nominal GDP are in dollar terms.
The U.S. remains the world’s largest economy by far, with GDP at $27.94 trillion in 2023, while China’s was $17.5 trillion. India’s is about $3.7 trillion but growing at a sizzling rate of around 7%. Immigration is one option for solving Japan’s l...