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The economy of Japan is a highly developed mixed economy, often referred to as an East Asian model. [24] It is the fourth-largest economy in the world by nominal GDP behind the United States , China , and Germany , and the fifth-largest by purchasing power parity (PPP), below India and Russia but ahead of Germany. [ 25 ]
Japan's economic growth in the 1960s and 1970s was based on the rapid expansion of heavy manufacturing in such areas as automobiles, steel, shipbuilding, chemicals, and electronics. The secondary sector (manufacturing, construction, and mining) expanded to 35.6% of the work force by 1970.
The figures are from the International Monetary Fund (IMF) World Economic Outlook Database, unless otherwise specified. [1] This list is not to be confused with the list of countries by real GDP per capita growth, which is the percentage change of GDP per person recalculated according to the changing number of the population of the country.
Japan revises economic growth in 1Q downward, as latest data show sluggish demand and rising prices. ... Japan's economy grew at a 0.1% annual pace in the last quarter of the year, just barely ...
Fourth-quarter GDP sharply missed forecasts for 1.4% growth in a Reuters poll of economists. ... Japan’s nominal GDP grew 5.7% over 2023 to come in at 591.48 trillion yen, or $4.2 trillion based ...
Goldman Sachs said Thursday it expected Japan’s economy to notch 1% growth in the first quarter of 2024. “We expect inbound consumption to slow from the rapid rise in October-December, but ...
The following estimates are taken exclusively from the 2007 monograph Contours of the World Economy, 1–2030 AD by the British economist Angus Maddison. [2] (GDP (PPP) in millions of 1990 International Dollars) [3] [4] [5] Year 1st 2nd 3rd 4th 5th 6th 7th 8th 9th 10th 2030 (Forecast) China 22,983,000 United States 16,662,000 India 10,074,000 Japan
Japan’s economy grew much faster than expected in the April to June months, as brisk auto exports and tourist arrivals helped offset the drag from a slowing post-Covid consumer recovery ...