Japan’s ranking stayed at 22nd, the same as in 2022. According to the Cabinet Office, South Korea revised its GDP calculation standards earlier this year. A review of past figures revealed that South Korea’s per capita GDP had already exceeded Japan’s in 2022. Per capita GDP is a key...
real GDP growth rate 8.11% 1.7% The real GDP growth rate represents the year-over-year GDP growth, calculated by taking into account the price fluctuations caused by inflation. Gini Index 38.2 32.9 The Gini Index represents a statistical measure used to assess income inequality within a country...
World main countries 2021 Q1 GDP Growth Infographic: Wu Tiantong/GT Academics attribute China’s success to its highly-rated administrative system & strong governance as CPC celebrating the centenary Strong governance is the key THE GLOCALISATION OF HUMANITY ...
1. Overview Japan is the world’s third‑largest economy, with its services sectors contributing about 70% of GDP. Its mature services sectors are well‑diversified including wholesale and retail trade, real estate, as well as professional, scientific and technical services. However, Japan has ...
Government efforts to revive economic growth met with little success and were further hampered by the global slowdown in 2000.[2] The economy showed strong signs of recovery after 2005; GDP growth for that year was 2.8 percent, surpassing the growth rates of the US and European Union during ...
To put that number in context, it is roughly equivalent to the Fed doing more than $300bn of QE per month when adjusting for GDP! This is a “truly extreme” level of money printing given that every other central bank in the world is tightening policy. It is one of the reasons why ...
Accelerate international growth and competitiveness.Many Japanese companies are “underweight” in overseas revenues, reflecting a focus on the opportunities available at home as well as a culture of risk aversion. As a percentage of GDP, Japanese exports are lower than any country except...
The World Bank has revised up China's real GDP growth for this year and next to 4.9 percent and 4.5 percent, respectively, while underlining the necessity of ramping up structural reforms alongside stimulus measures to reinvigorate growth. In its latest China Economic Update released on Thursday,...
“GSMA research has found that closing the gender gap in mobile internet use in LMICs could deliver an additional $700 billion in GDP growth over five years. In 2020 alone, the Alliance for Affordable Internet (A4AI) estimated that the gender gap in internet use resulted in 32 LMICs missing...
China on Thursday revised up its 2023 gross domestic product (GDP) by 2.7 percent to 129.4 trillion yuan, or 3.4 trillion yuan more than the preliminary figure, the National Bureau of Statistics said Thursday. The World Bank has revised up China's real GDP growth for this year and next to...