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Japan Country profile

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January 2020

Japan is currently the third largest economy in the world, behind the US and China. Growth has averaged less than 1% per annum over the last two decades. The aftermath of Japan’s asset price collapse (1986-1991), a declining population, low productivity and more competitive manufacturing destinations elsewhere, such as China, weigh on GDP growth. Japan’s per capita incomes, business climate rank and creditworthiness are in line with other advanced economies but the country lags on GDP growth.

 

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This chart is a cobweb diagram showing how a country measures up on four important dimensions of economic performance—per capita income, annual GDP growth, business climate and creditworthiness. Per capita income is in current US dollars between 2020 and 2024 as provided by the IMF. Annual GDP growth is the five-year average between 2020 and 2024. Business climate is measured by the World Bank’s Ease of Doing Business ranking of 190 countries. Creditworthiness attempts to measure a country's ability to honour its external debt obligations and is measured by its OECD country credit risk rating. The chart shows not only how a country performs on the four dimensions, but how it measures up against other comparable countries.