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%.

Japan GDP from 1980 to 2024

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

Change Chart

    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)

    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