Japan GDP Trends from 1980 to 2024: A overall increase with some decline Flow

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%.

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.


Japan GDP from 1980 to 2024

The total market value of goods and services produced annually in Japan.

Change Chart

    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)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    1980
    $ 1T 129B
    $ 9,671.89
    $ 9,131.54
    $ 1T 66B
    3.181 %
    -0.952 %
    29.66 %
    -3.247 %
    116M 769K people
    1981
    $ 1T 245B
    $ 10,586.57
    $ 10,345.73
    $ 1T 216B
    4.261 %
    0.382 %
    30.16 %
    -2.558 %
    117M 623K people
    1982
    $ 1T 158B
    $ 9,782.38
    $ 11,266
    $ 1T 334B
    3.28 %
    0.591 %
    29.09 %
    -2.274 %
    118M 451K people
    1983
    $ 1T 270B
    $ 10,655.28
    $ 12,048.78
    $ 1T 437B
    3.63 %
    1.637 %
    28.23 %
    -2.046 %
    119M 271K people
    1984
    $ 1T 345B
    $ 11,210.55
    $ 12,949.67
    $ 1T 554B
    4.411 %
    2.601 %
    29.12 %
    -0.582 %
    120M 50K people
    1985
    $ 1T 427B
    $ 11,813.08
    $ 13,961.22
    $ 1T 686B
    5.16 %
    3.516 %
    30.75 %
    0.679 %
    120M 800K people
    1986
    $ 2T 120B
    $ 17,457.13
    $ 14,633.30
    $ 1T 777B
    3.294 %
    3.987 %
    31.03 %
    0.639 %
    121M 446K people
    1987
    $ 2T 580B
    $ 21,148.43
    $ 15,617.83
    $ 1T 905B
    4.649 %
    3.265 %
    30.71 %
    1.561 %
    122M 31K people
    1988
    $ 3T 125B
    $ 25,506.20
    $ 17,172.88
    $ 2T 104B
    6.662 %
    2.533 %
    31.95 %
    2.189 %
    122M 548K people
    1989
    $ 3T 109B
    $ 25,274.39
    $ 18,652.29
    $ 2T 294B
    4.926 %
    2.031 %
    32.76 %
    2.659 %
    123M 28K people
    1990
    $ 3T 185B
    $ 25,809.75
    $ 20,219.66
    $ 2T 495B
    4.841 %
    1.403 %
    32.88 %
    3.165 %
    123M 438K people
    1991
    $ 3T 648B
    $ 29,436.98
    $ 21,554.51
    $ 2T 671B
    3.523 %
    1.867 %
    32.95 %
    2.695 %
    123M 928K people
    1992
    $ 3T 980B
    $ 32,007.81
    $ 22,165.83
    $ 2T 756B
    0.901 %
    2.823 %
    32.38 %
    1.673 %
    124M 367K people
    1993
    $ 4T 536B
    $ 36,362.62
    $ 22,514.06
    $ 2T 809B
    -0.459 %
    2.908 %
    31.41 %
    -1.246 %
    124M 770K people
    1994
    $ 4T 998B
    $ 39,953.20
    $ 23,179.51
    $ 2T 900B
    1.083 %
    2.611 %
    29.83 %
    -2.666 %
    125M 116K people
    1995
    $ 5T 545B
    $ 44,210.23
    $ 24,226.13
    $ 3T 38B
    2.631 %
    1.991 %
    29.03 %
    -3.125 %
    125M 436K people
    1996
    $ 4T 923B
    $ 39,164.32
    $ 25,387.17
    $ 3T 191B
    3.134 %
    1.4 %
    33.43 %
    -3.671 %
    125M 711K people
    1997
    $ 4T 492B
    $ 35,651.27
    $ 26,016.31
    $ 3T 278B
    0.981 %
    2.117 %
    33.23 %
    -2.331 %
    126M 11K people
    1998
    $ 4T 98B
    $ 32,436.93
    $ 25,905.10
    $ 3T 273B
    -1.27 %
    2.809 %
    32.40 %
    -8.732 %
    126M 349K people
    1999
    $ 4T 635B
    $ 36,622.89
    $ 26,134.63
    $ 3T 308B
    -0.334 %
    2.465 %
    30.66 %
    -5.42 %
    126M 587K people