According to the International Monetary Fund (IMF), real GDP of Japan is forecast to grow by 2.3 percent in 2021 and 1.7 percent in 2022.
Download the data and forecasts in 1980-2025: Japan GDP growth rate, nominal GDP, GDP PPP, GDP per capita, projected GDP (xls)
Note: The data is based on the IMF’s World Economic Outlook Database, October 2020.
1) Real GDP growth rate: 2010 – 4.2 percent, 2011 – -0.1 percent, 2012 – 1.5 percent, 2013 – 2.0 percent, 2014 – 0.4 percent, 2015 – 1.2 percent, 2016 – 0.5 percent, 2017 – 2.2 percent, 2018 – 0.3 percent, 2019 – 0.7 percent and 2020 – -5.3 percent.
Gross domestic product is the market value of all goods and services made in a country in a year. Annual percentages of constant price GDP are year-on-year changes. Expenditure-based GDP is total final expenditures at purchasers’ prices (including the f.o.b. value of exports of goods and services), less the f.o.b. value of imports of goods and services.
2) Projected real GDP growth rate: 2021 – 2.3 percent, 2022 – 1.7 percent, 2023 – 1.2 percent, 2024 – 1.0 percent and 2025 – 0.6 percent.
3) Nominal GDP in current prices, billions of Japanese yen (code: JPY; sign: ¥): 2010 – ¥500,354.000 billion, 2011 – ¥491,408.400 billion, 2012 – ¥494,957.100 billion, 2013 – ¥503,175.500 billion, 2014 – ¥513,876.000 billion, 2015 – ¥531,319.800 billion, 2016 – ¥535,537.200 billion, 2017 – ¥545,897.400 billion, 2018 – ¥546,851.700 billion, 2019 – ¥553,760.000 billion and 2020 – ¥526,366.232 billion.
4) Projected nominal GDP in current prices, billions of Japanese yen: 2021 – ¥540,277.853 billion, 2022 – ¥551,046.882 billion, 2023 – ¥560,156.412 billion, 2024 – ¥567,851.163 billion and 2025 – ¥573,528.210 billion.
5) Nominal GDP in current prices, billions of U.S. dollars: 2010 – $5,700.099 billion, 2011 – $6,157.458 billion, 2012 – $6,203.212 billion, 2013 – $5,155.716 billion, 2014 – $4,850.414 billion, 2015 – $4,389.476 billion, 2016 – $4,922.538 billion, 2017 – $4,866.864 billion, 2018 – $4,952.327 billion, 2019 – $5,079.916 billion and 2020 – $4,910.580 billion.
Values are based upon GDP in national currency converted to U.S. dollars using market exchange rates (yearly average).
6) Projected nominal GDP in current prices, billions of U.S. dollars: 2021 – $5,103.175 billion, 2022 – $5,337.329 billion, 2023 – $5,626.634 billion, 2024 – $5,848.652 billion and 2025 – $6,014.277 billion.
7) GDP PPP (Purchasing power parity) in current prices, billions of international dollars: 2010 – $4,484.786 billion, 2011 – $4,573.186 billion, 2012 – $4,746.698 billion, 2013 – $4,967.051 billion, 2014 – $4,986.567 billion, 2015 – $5,136.018 billion, 2016 – $5,076.056 billion, 2017 – $5,180.326 billion, 2018 – $5,319.348 billion, 2019 – $5,450.654 billion and 2020 – $5,236.138 billion.
GDP PPP = gross domestic product based on purchasing power parity, international dollars. Average consumer price level in the US = 100%.
GDP PPP takes into account differences in the cost of living in different countries. Purchasing power parity means how much money would be needed to buy the same item basket in two different countries. Using a PPP basis is arguably more useful when comparing generalized differences in living standards between nations because PPP takes into account the relative cost of living and the inflation rates of the countries, rather than using only exchange rates, which may distort the real differences in income.
8) Projected GDP PPP in current prices, billions of international dollars: 2021 – $5,476.057 billion, 2022 – $5,665.980 billion, 2023 – $5,839.787 billion, 2024 – $6,008.391 billion and 2025 – $6,160.480 billion.
9) Nominal GDP per capita in current prices, U.S. dollars: 2010 – $44,673.6, 2011 – $48,168.8, 2012 – $48,632.9, 2013 – $40,490.2, 2014 – $38,156.3, 2015 – $34,568.9, 2016 – $38,772.3, 2017 – $38,398.6, 2018 – $39,150.3, 2019 – $40,255.9 and 2020 – $39,047.9.
GDP is expressed in current U.S. dollars per person. Data are derived by first converting GDP in national currency to U.S. dollars and then dividing it by total population.
10) Projected nominal GDP per capita in current prices, U.S. dollars: 2021 – $40,733.0, 2022 – $42,777.2, 2023 – $45,294.9, 2024 – $47,302.9 and 2025 – $48,882.8.
11) GDP PPP per capita in current prices, international dollars: 2010 – $35,148.8, 2011 – $35,775.3, 2012 – $37,213.9, 2013 – $39,008.5, 2014 – $39,227.4, 2015 – $40,448.3, 2016 – $39,981.5, 2017 – $40,871.7, 2018 – $42,051.7, 2019 – $43,193.9 and 2020 – $41,636.6.
Expressed in GDP in PPP dollars per person. Data are derived by dividing GDP in PPP dollars by total population.
12) Projected GDP PPP per capita in current prices, international dollars: 2021 – $43,709.3, 2022 – $45,411.2, 2023 – $47,010.8, 2024 – $48,594.9 and 2025 – $50,071.1.
13) GDP based on purchasing-power-parity (PPP) share of world total, percent: 2010 – 5.0 percent, 2011 – 4.8 percent, 2012 – 4.7 percent, 2013 – 4.7 percent, 2014 – 4.6 percent, 2015 – 4.6 percent, 2016 – 4.4 percent, 2017 – 4.3 percent, 2018 – 4.1 percent, 2019 – 4.1 percent and 2020 – 4.0 percent.
Expressed in percent of world GDP in PPP dollars.
14) Projected GDP based on purchasing-power-parity (PPP) share of world total, percent: 2021 – 3.9 percent, 2022 – 3.8 percent, 2023 – 3.7 percent, 2024 – 3.6 percent and 2025 – 3.5 percent.
15) Deflator of Gross domestic product (index to the previous year), percent: 2010 – 98.1 percent, 2011 – 98.3 percent, 2012 – 99.2 percent, 2013 – 99.7 percent, 2014 – 101.7 percent, 2015 – 102.1 percent, 2016 – 100.3 percent, 2017 – 99.8 percent, 2018 – 99.9 percent, 2019 – 100.6 percent and 2020 – 100.3 percent.
The GDP deflator is derived by dividing current price GDP by constant price GDP and is considered to be an alternate measure of inflation.
16) Projected deflator of Gross domestic product (index to the previous year), percent: 2021 – 100.3 percent, 2022 – 100.3 percent, 2023 – 100.4 percent, 2024 – 100.4 percent and 2025 – 100.4 percent.
17) Output gap in percent of potential GDP, percent of potential GDP: 2010 – -3.4 percent, 2011 – -4.0 percent, 2012 – -3.1 percent, 2013 – -1.7 percent, 2014 – -1.9 percent, 2015 – -1.5 percent, 2016 – -1.8 percent, 2017 – -0.3 percent, 2018 – -0.8 percent, 2019 – -0.7 percent and 2020 – -3.0 percent.
The output gap is actual minus potential output, as a percentage of potential output. Estimates of the output gap are subject to significant margins of uncertainty.
18) Projected output gap in percent of potential GDP, percent of potential GDP: 2021 – -2.1 percent, 2022 – -1.0 percent, 2023 – -0.4 percent, 2024 – 0.0 percent and 2025 – 0.0 percent.
19) Ratio of the average price level in Japan to the average price level in the United States, percent: 2010 – 127.1 percent, 2011 – 134.6 percent, 2012 – 130.7 percent, 2013 – 103.8 percent, 2014 – 97.3 percent, 2015 – 85.5 percent, 2016 – 97.0 percent, 2017 – 93.9 percent, 2018 – 93.1 percent, 2019 – 93.2 percent and 2020 – 93.8 percent.
20) Projected ratio of the average price level in Japan to the average price level in the United States, percent: 2021 – 93,2 percent, 2022 – 94,2 percent, 2023 – 96,3 percent, 2024 – 97,3 percent and 2025 – 97,6 percent.
See also: Ranking of countries by nominal GDP in current prices in 1980-2025
Ranking of countries by GDP PPP in 1980-2025
Ranking of countries by real GDP growth rate in 1980-2025
Ranking of countries by nominal GDP per capita in 1980-2025
Ranking of countries by GDP PPP per capita in 1980-2025
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Tags: English, GDP, GDP PPP, projected GDP, IMF
Source: BusinessForecast.by