Japan | GDP (current US$)

GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. Limitations and exceptions: Gross domestic product (GDP), though widely tracked, may not always be the most relevant summary of aggregated economic performance for all economies, especially when production occurs at the expense of consuming capital stock. While GDP estimates based on the production approach are generally more reliable than estimates compiled from the income or expenditure side, different countries use different definitions, methods, and reporting standards. World Bank staff review the quality of national accounts data and sometimes make adjustments to improve consistency with international guidelines. Nevertheless, significant discrepancies remain between international standards and actual practice. Many statistical offices, especially those in developing countries, face severe limitations in the resources, time, training, and budgets required to produce reliable and comprehensive series of national accounts statistics. Among the difficulties faced by compilers of national accounts is the extent of unreported economic activity in the informal or secondary economy. In developing countries a large share of agricultural output is either not exchanged (because it is consumed within the household) or not exchanged for money. Statistical concept and methodology: Gross domestic product (GDP) represents the sum of value added by all its producers. Value added is the value of the gross output of producers less the value of intermediate goods and services consumed in production, before accounting for consumption of fixed capital in production. The United Nations System of National Accounts calls for value added to be valued at either basic prices (excluding net taxes on products) or producer prices (including net taxes on products paid by producers but excluding sales or value added taxes). Both valuations exclude transport charges that are invoiced separately by producers. Total GDP is measured at purchaser prices. Value added by industry is normally measured at basic prices.
Publisher
The World Bank
Origin
State of Japan
Records
63
Source
Japan | GDP (current US$)
1960 44307342950.4
1961 53508617739.378
1962 60723018683.733
1963 69498131797.333
1964 81749006381.511
1965 90950278257.778
1966 105628070343.11
1967 123781880217.6
1968 146601072685.51
1969 172204199480.89
1970 217223652719.44
1971 245364056622.36
1972 324933841268.59
1973 441460582535.92
1974 490035789970.3
1975 532861438884.72
1976 598883902155.6
1977 737069290927.71
1978 1035611588216.6
1979 1077910077676.4
1980 1129377244854
1981 1245221410764.1
1982 1158731426905.9
1983 1270859919742.9
1984 1345824500836.8
1985 1427019759717.4
1986 2120083812109.9
1987 2580748422781.1
1988 3125724434400.8
1989 3109455047823.9
1990 3185904656663.9
1991 3648065760648.9
1992 3980702922117.7
1993 4536940479038.2
1994 4998797547741
1995 5545563663889.7
1996 4923391533851.6
1997 4492448605638.9
1998 4098362709531.2
1999 4635982224063.9
2000 4968359075956.6
2001 4374711694090.9
2002 4182846045873.6
2003 4519561645253.5
2004 4893116005656.6
2005 4831467035389.8
2006 4601663122649.9
2007 4579750920354.8
2008 5106679115127.3
2009 5289493117993.9
2010 5759071769013.1
2011 6233147172341.3
2012 6272362996105
2013 5212328181166.2
2014 4896994405353.3
2015 4444930651964.2
2016 5003677627544.2
2017 4930837369151.4
2018 5040880939324.9
2019 5117993853016.5
2020 5048789595589.4
2021 5005536736792.3
2022 4232173916086.7

Japan | GDP (current US$)

GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. Limitations and exceptions: Gross domestic product (GDP), though widely tracked, may not always be the most relevant summary of aggregated economic performance for all economies, especially when production occurs at the expense of consuming capital stock. While GDP estimates based on the production approach are generally more reliable than estimates compiled from the income or expenditure side, different countries use different definitions, methods, and reporting standards. World Bank staff review the quality of national accounts data and sometimes make adjustments to improve consistency with international guidelines. Nevertheless, significant discrepancies remain between international standards and actual practice. Many statistical offices, especially those in developing countries, face severe limitations in the resources, time, training, and budgets required to produce reliable and comprehensive series of national accounts statistics. Among the difficulties faced by compilers of national accounts is the extent of unreported economic activity in the informal or secondary economy. In developing countries a large share of agricultural output is either not exchanged (because it is consumed within the household) or not exchanged for money. Statistical concept and methodology: Gross domestic product (GDP) represents the sum of value added by all its producers. Value added is the value of the gross output of producers less the value of intermediate goods and services consumed in production, before accounting for consumption of fixed capital in production. The United Nations System of National Accounts calls for value added to be valued at either basic prices (excluding net taxes on products) or producer prices (including net taxes on products paid by producers but excluding sales or value added taxes). Both valuations exclude transport charges that are invoiced separately by producers. Total GDP is measured at purchaser prices. Value added by industry is normally measured at basic prices.
Publisher
The World Bank
Origin
State of Japan
Records
63
Source