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.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
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 |
