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Historical GDP per capita development. The economic history of Japan is most studied for the spectacular social and economic growth in the 1800s after the Meiji Restoration, as well as a second spate of spectacular economic growth from the 1950s to the 1970s, dubbed the "Japanese economic miracle".
The period of rapid economic growth between 1955 and 1961 paved the way for the Golden Sixties, the second decade that is generally associated with the Japanese economic miracle. In 1965, Japan's nominal GDP was estimated at just over $91 billion. Fifteen years later, in 1980, the nominal GDP had soared to a record $1.065 trillion. [citation ...
This list of countries by largest GDP shows how the membership and rankings of the world's ten largest economies as measured by their gross domestic product has changed. While the United States has consistently had the world's largest economy for some time, in the last fifty years the world has seen both rises and falls in relative terms of the ...
Japan is often ranked among the world’s most innovative countries, leading several measures of global patent filings. However, its manufacturing industry has lost its world dominance since the 1990s. In 2022, Japan spent around 3.7% of GDP on research and development. As of 2022, 47 of the Fortune Global 500 companies are based in Japan. [43]
At the same time, Maddison showed them recovering lost ground from the 1950s, and documents the much faster rise of Japan and East Asia and the economic shrinkage of Russia in the 1990s. The book is a mass of statistical tables, mostly on a decade-by-decade basis, along with notes explaining the methods employed in arriving at particular figures.
Japan revised its earlier estimates to show that its economy contracted at a 2.9% annual pace in the first quarter of the year, as meanwhile a survey by the central bank released Monday showed ...
It is more than a decade since Japan intervened directly in the foreign exchange market and more than two decades since it intervened to support its currency, which it last did during the Asian ...
These figures have been taken from the International Monetary Fund's World Economic Outlook (WEO) Database (October 2024 edition) and/or other sources. [1] For older GDP trends, see List of regions by past GDP (PPP).