Japan - Economy
How is the economy of Japan? Based on the information we have, Japan has a second-largest East Asian economy; trade-oriented and highly diversified; high public debt levels; following years of near-zero interest rates, gradual increases to address inflation and depreciation of yen; strong rebound in tourism; aging population poses challenges to labor force participation. Key agricultural products in this country include: rice, milk, sugar beets, vegetables, eggs, chicken, potatoes, onions, cabbages, pork (2023).
More about the economy of Japan
Labor force 69.382 million (2024 est.)
Industrial production growth rate 1.4% (2023 est.)
Industries motor vehicles, electronic equipment, machine tools, steel and nonferrous metals, ships, chemicals, textiles, processed foods
Population below poverty line
Taxes and other revenues
Fiscal year
Exchange rates
Currency yen (JPY) per US dollar -
Exchange rates 2024 151.366 (2024 est.)
Exchange rates 2023 140.491 (2023 est.)
Exchange rates 2022 131.498 (2022 est.)
Exchange rates 2021 109.754 (2021 est.)
Exchange rates 2020 106.775 (2020 est.)
Reserves of foreign exchange and gold
Reserves of foreign exchange and gold 2024 $1.231 trillion (2024 est.)
Reserves of foreign exchange and gold 2023 $1.295 trillion (2023 est.)
Reserves of foreign exchange and gold 2022 $1.228 trillion (2022 est.)
Current account balance
Current account balance 2024 $194.257 billion (2024 est.)
Current account balance 2023 $156.592 billion (2023 est.)
Current account balance 2022 $90.21 billion (2022 est.)
Public debt
Public debt 2022 215.9% of GDP (2022 est.)
Budget
Revenues $661.986 billion (2022 est.)
Expenditures $892.184 billion (2022 est.)
Budget surplus (+) or deficit (-)
Remittances
Remittances 2024 0.1% of GDP (2024 est.)
Remittances 2023 0.1% of GDP (2023 est.)
Remittances 2022 0.1% of GDP (2022 est.)
Household income
Lowest 10% 2.4% (2020 est.)
Highest 10% 23.9% (2020 est.)
Average household expenditures
On food 15.8% of household expenditures (2023 est.)
On alcohol and tobacco 2.5% of household expenditures (2023 est.)
Imports
Imports 2024 $965.047 billion (2024 est.)
Imports 2023 $996.364 billion (2023 est.)
Imports 2022 $1.081 trillion (2022 est.)
Imports (partners) China 22%, USA 11%, Australia 8%, UAE 5%, Saudi Arabia 5% (2023)
Comodities Imports force crude petroleum, natural gas, coal, integrated circuits, broadcasting equipment (2023)
Exports
Imports 2024 $965.047 billion (2024 est.)
Imports 2023 $996.364 billion (2023 est.)
Imports 2022 $1.081 trillion (2022 est.)
Exports (partners) USA 19%, China 18%, Taiwan 6%, S. Korea 6%, Hong Kong 4% (2023)
Comodities Exports force cars, integrated circuits, machinery, vehicle parts/accessories, construction vehicles (2023)
Real GDP (purchasing power parity)
Real GDP (purchasing power parity) 2024 $5.715 trillion (2024 est.)
Real GDP (purchasing power parity) 2023 $5.71 trillion (2023 est.)
Real GDP (purchasing power parity) 2022 $5.627 trillion (2022 est.)
GDP (official exchange rate) $4.026 trillion (2024 est.)
Real GDP Per capita
Real GDP per capita 2024 $46,100 (2024 est.)
Real GDP per capita 2023 $45,900 (2023 est.)
Real GDP per capita 2022 $45,000 (2022 est.)
GDP - composition, by sector of origin
Agriculture 0.9% (2023 est.)
Industry 28.6% (2023 est.)
Services 69.8% (2023 est.)
GDP - composition, by end use
Household consumption 55.5% (2022 est.)
Government consumption 21.6% (2022 est.)
Investment in fixed capital 26.3% (2022 est.)
Investment in inventories 0.5% (2022 est.)
Exports of goods and services 21.5% (2022 est.)
Imports of goods and services -25.3% (2022 est.)
Unemployment rate
Unemployment rate 2024 2.6% (2024 est.)
Unemployment rate 2023 2.6% (2023 est.)
Unemployment rate 2022 2.6% (2022 est.)
Youth unemployment rate (ages 15-24)
Total 3.9% (2024 est.)
Male 4.2% (2024 est.)
Female 3.7% (2024 est.)
All Important Facts about Japan

Want to know more about Japan? Check all different factbooks for Japan below.

Japan is found in Eastern Asia