Japan's GDP changed from approximately $1T 129B in 1980 to $4T 110B in 2024, showing an overall 264.0% sharply increased during the period.
The lowest GDP was recorded in 1980 at $1T 129B, and the highest in 2012 at $6T 272B.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 3.0%.
For comparison, the average annual growth rate of China was 9.8%, and that of South Korea was 7.8%.
Japan GDP from 1980 to 2024
The total market value of goods and services produced annually in Japan.
Overview of Japan's GDP (1980–2024)
The Gross Domestic Product (GDP) of Japan recorded a 264.0% sharply increased from 1980 to 2024.
The average GDP during this period was $4T 121B, and the median was $4T 536B.
GDP fluctuated within a range of $5T 142B, with a standard deviation of $1T 398B.
The average annual change was $79B 166M.
Highest and Lowest GDP Records
- Lowest GDP: 1980, $1T 129B
- Highest GDP: 2012, $6T 272B
- Most Recent GDP: 2024, $4T 110B
Notable Annual GDP Changes
- 1986: Significant increase in GDP
- 2013: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Japan's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $5T 117B → $5T 55B
- Outcome: declined
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $4T 579B → $5T 289B
- Outcome: sharply increased
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $4T 968B → $4T 374B
- Outcome: sharply declined
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $4T 492B → $4T 98B
- Outcome: declined
Key Economic Indicators of Japan (1980–2024)
| year | GDP Growth | Nominal GDP | PPP GDP | GDP per Capita | PPP per Capita | Savings | Population | Current Account | Fiscal Balance |
|---|---|---|---|---|---|---|---|---|---|
1980 | 3.181 % | $ 1T 129B | $ 1T 66B | $ 9,671.89 | $ 9,131.54 | 29.66 % | 116M 769K people | -0.952 % | -3.247 % |
1981 | 4.261 % | $ 1T 245B | $ 1T 216B | $ 10,586.57 | $ 10,345.73 | 30.16 % | 117M 623K people | 0.382 % | -2.558 % |
1982 | 3.28 % | $ 1T 158B | $ 1T 334B | $ 9,782.38 | $ 11,266 | 29.09 % | 118M 451K people | 0.591 % | -2.274 % |
1983 | 3.63 % | $ 1T 270B | $ 1T 437B | $ 10,655.28 | $ 12,048.78 | 28.23 % | 119M 271K people | 1.637 % | -2.046 % |
1984 | 4.411 % | $ 1T 345B | $ 1T 554B | $ 11,210.55 | $ 12,949.67 | 29.12 % | 120M 50K people | 2.601 % | -0.582 % |
1985 | 5.16 % | $ 1T 427B | $ 1T 686B | $ 11,813.08 | $ 13,961.22 | 30.75 % | 120M 800K people | 3.516 % | 0.679 % |
1986 | 3.294 % | $ 2T 120B | $ 1T 777B | $ 17,457.13 | $ 14,633.30 | 31.03 % | 121M 446K people | 3.987 % | 0.639 % |
1987 | 4.649 % | $ 2T 580B | $ 1T 905B | $ 21,148.43 | $ 15,617.83 | 30.71 % | 122M 31K people | 3.265 % | 1.561 % |
1988 | 6.662 % | $ 3T 125B | $ 2T 104B | $ 25,506.20 | $ 17,172.88 | 31.95 % | 122M 548K people | 2.533 % | 2.189 % |
1989 | 4.926 % | $ 3T 109B | $ 2T 294B | $ 25,274.39 | $ 18,652.29 | 32.76 % | 123M 28K people | 2.031 % | 2.659 % |
1990 | 4.841 % | $ 3T 185B | $ 2T 495B | $ 25,809.75 | $ 20,219.66 | 32.88 % | 123M 438K people | 1.403 % | 3.165 % |
1991 | 3.523 % | $ 3T 648B | $ 2T 671B | $ 29,436.98 | $ 21,554.51 | 32.95 % | 123M 928K people | 1.867 % | 2.695 % |
1992 | 0.901 % | $ 3T 980B | $ 2T 756B | $ 32,007.81 | $ 22,165.83 | 32.38 % | 124M 367K people | 2.823 % | 1.673 % |
1993 | -0.459 % | $ 4T 536B | $ 2T 809B | $ 36,362.62 | $ 22,514.06 | 31.41 % | 124M 770K people | 2.908 % | -1.246 % |
1994 | 1.083 % | $ 4T 998B | $ 2T 900B | $ 39,953.20 | $ 23,179.51 | 29.83 % | 125M 116K people | 2.611 % | -2.666 % |
1995 | 2.631 % | $ 5T 545B | $ 3T 38B | $ 44,210.23 | $ 24,226.13 | 29.03 % | 125M 436K people | 1.991 % | -3.125 % |
1996 | 3.134 % | $ 4T 923B | $ 3T 191B | $ 39,164.32 | $ 25,387.17 | 33.43 % | 125M 711K people | 1.4 % | -3.671 % |
1997 | 0.981 % | $ 4T 492B | $ 3T 278B | $ 35,651.27 | $ 26,016.31 | 33.23 % | 126M 11K people | 2.117 % | -2.331 % |
1998 | -1.27 % | $ 4T 98B | $ 3T 273B | $ 32,436.93 | $ 25,905.10 | 32.40 % | 126M 349K people | 2.809 % | -8.732 % |
1999 | -0.334 % | $ 4T 635B | $ 3T 308B | $ 36,622.89 | $ 26,134.63 | 30.66 % | 126M 587K people | 2.465 % | -5.42 % |