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During the 1980s, Japan's current account balance shot from a record deficit of US$10.7 billion in 1980 to a record surplus of US$87 billion in 1987 before declining to US$57.1 billion in 1989. As a share of GNP , this surplus reached a peak of 4.4 percent in 1985, a large value for a current account surplus.
The servicing of the national debt cost 22% of the Japanese national budget as of 2023. [23] The cost of importing energy in the wake of Fukushima disaster in 2011 has also negatively impacted Japan's longstanding current account surplus. [20]
World map by current account balance (% of GDP), 2023, according to World Bank [1]. This is the list of countries by current account balance, expressed in current U.S. dollars and as percentage of GDP, based on the data published by World Bank, United Nations Conference on Trade and Development and Organisation for Economic Co-operation and Development.
Japan has recorded a trade deficit for four straight years, but last year's deficit was considerably smaller than the 9.5 trillion yen deficit for 2023. Show comments. Advertisement.
Japan racked up a trade deficit of 294.3 billion yen ($2 billion) in September, according to Finance Ministry data released Thursday, as exports fell to key destinations like China. For the first ...
A current account surplus increases a nation's net foreign assets by the amount of the surplus, and a current account deficit decreases it by that amount. A country's balance of trade is the net or difference between the country's exports of goods and services and its imports of goods and services, excluding all financial transfers, investments ...
Japan suffered a trade deficit last month as exports sank for the first time in more than two years, dragged down by a slowdown overseas. Japan’s trade deficit totaled 78.7 billion yen ($539 ...
Quartile representation of current account balance as percent GDP by IMF WEO data Quartile representation of current account balance as percent GDP by CIA World factbook data. This article includes a list of countries of the world sorted by current account balance as a percentage of gross domestic product (nominal GDP).