Gross Domestic Product Per Capita for Japan
PCAGDPJPA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32,475.89
Year-over-Year Change
-33.92%
Date Range
1/1/1960 - 1/1/2024
Summary
The Gross Domestic Product (GDP) per capita for Japan is a key economic indicator that measures the total economic output of the country divided by its population. It provides insight into the standard of living and productivity levels within Japan.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
GDP per capita is a widely used metric to compare the economic performance and development of different countries. It represents the average income per person and is a proxy for the overall prosperity and living standards in an economy.
Methodology
The data is calculated by the World Bank by dividing Japan's GDP by its total population.
Historical Context
Policymakers and analysts closely monitor Japan's GDP per capita to gauge the country's economic health and formulate policies to promote growth and improve living standards.
Key Facts
- Japan's GDP per capita was $40,246 in 2021.
- Japan's GDP per capita has grown by over 40% since 2000.
- Japan ranks among the top 20 countries globally by GDP per capita.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) per capita for Japan measures the total economic output of the country divided by its population, providing insight into the standard of living and productivity levels.
Q: Why is this trend relevant for users or analysts?
A: GDP per capita is a widely used metric to compare the economic performance and development of different countries, representing the average income per person and serving as a proxy for overall prosperity and living standards.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank by dividing Japan's GDP by its total population.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor Japan's GDP per capita to gauge the country's economic health and formulate policies to promote growth and improve living standards.
Q: Are there update delays or limitations?
A: The GDP per capita data for Japan is updated annually by the World Bank, with a potential delay of several months after the end of the reference year.
Related Trends
Fertility Rate, Total for Japan
SPDYNTFRTINJPN
People 15 Years and Over Saving at a Financial Institution in the Past Year for Japan
DDAI06JPA156NWDB
Balance of Payments: Goods: Expenditure for Japan
JPNB6DBTD01CXCUSAQ
Imports of Goods and Services in Japan
JPNIMPORTQDSNAQ
Production: Construction: Total for Japan
JPNPRCNTO01GPSAQ
Leading Indicators OECD: Component Series: Hours: Normalised for Japan
JPNLOCOHSNOSTSAM
Citation
U.S. Federal Reserve, Gross Domestic Product Per Capita for Japan (PCAGDPJPA646NWDB), retrieved from FRED.