Japan's Economy in 2011
International Economics | | | | | Ayman Mohamed Wahid | | |
| | | | Japan’s GDP Annual Growth Rate:The Gross Domestic Product (GDP) in Japan contracted 0.6 percent in the fourth quarter of 2011 over the same quarter, previous year. Unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment. Historically, from 1981 until 2011, Japan 's average annual GDP Growth was 2.15 percent reaching an historical high of 9.37 percent in March of 1988 and a record low of -10.30 percent in March of 2009. This page includes: Japan GDP Annual Growth Rate chart, historical data, forecasts and news. Data is also available for Japan GDP Quarterly Growth Rate, which measures growth over the previous quarter.Japan’s GDP:Japan Gross Domestic Product is worth 5498 billion dollars or 8.87% of the world economy, according to the World Bank. Historically, from 1960 until 2010, Japan 's average Gross Domestic Product was 2266.10 billion dollars reaching an historical high of 5497.81 billion dollars in December of 2010 and a record low of 44.31 billion dollars in December of 1960. Japan 's industrialized, free market economy is the second-largest in the world. Its economy is highly efficient and competitive in areas linked to international trade, but productivity is far lower in protected areas such as agriculture, distribution, and services. Japan 's reservoir of industrial leadership and technicians, well-educated and industrious work force, high savings and investment rates, and intensive promotion of industrial development and foreign trade produced a mature industrial economy. Japan has few natural resources, and trade helps it earn the foreign exchange needed to purchase raw materials for its economy |
Japan’s GDP per capita:The GDP per capita in Japan was last reported at 39310 US dollars in December of 2010, according
| | | | Japan’s GDP Annual Growth Rate:The Gross Domestic Product (GDP) in Japan contracted 0.6 percent in the fourth quarter of 2011 over the same quarter, previous year. Unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment. Historically, from 1981 until 2011, Japan 's average annual GDP Growth was 2.15 percent reaching an historical high of 9.37 percent in March of 1988 and a record low of -10.30 percent in March of 2009. This page includes: Japan GDP Annual Growth Rate chart, historical data, forecasts and news. Data is also available for Japan GDP Quarterly Growth Rate, which measures growth over the previous quarter.Japan’s GDP:Japan Gross Domestic Product is worth 5498 billion dollars or 8.87% of the world economy, according to the World Bank. Historically, from 1960 until 2010, Japan 's average Gross Domestic Product was 2266.10 billion dollars reaching an historical high of 5497.81 billion dollars in December of 2010 and a record low of 44.31 billion dollars in December of 1960. Japan 's industrialized, free market economy is the second-largest in the world. Its economy is highly efficient and competitive in areas linked to international trade, but productivity is far lower in protected areas such as agriculture, distribution, and services. Japan 's reservoir of industrial leadership and technicians, well-educated and industrious work force, high savings and investment rates, and intensive promotion of industrial development and foreign trade produced a mature industrial economy. Japan has few natural resources, and trade helps it earn the foreign exchange needed to purchase raw materials for its economy |
Japan’s GDP per capita:The GDP per capita in Japan was last reported at 39310 US dollars in December of 2010, according
References: http://www.tradingeconomics.com/japan/gdp http://www.tradingeconomics.com/japan/gdp-growth-annual http://www.tradingeconomics.com/japan/gdp-per-capita http://www.tradingeconomics.com/japan/population http://www.tradingeconomics.com/japan/current-account