Nominal Gross Domestic Product for Japan
NGDPSAXDCJPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
156,330,300.00
Year-over-Year Change
12.37%
Date Range
1/1/1994 - 1/1/2025
Summary
The Nominal Gross Domestic Product (GDP) for Japan measures the total monetary value of all goods and services produced within the Japanese economy. It is a key indicator of economic performance and a core metric used by policymakers and analysts.
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
Nominal GDP represents the market value of all final goods and services produced in a country, without adjusting for inflation. It provides insight into the overall size and growth of the Japanese economy over time, and is a crucial input for fiscal and monetary policy decisions.
Methodology
This data is collected and calculated by the Japanese government using surveys, production data, and other economic indicators.
Historical Context
Nominal GDP is closely watched by the Bank of Japan and other economic institutions to assess the state of the Japanese economy and guide policy responses.
Key Facts
- Japan has the third-largest economy in the world by nominal GDP.
- Nominal GDP in Japan reached a record high of $5.1 trillion in 2021.
- Japan's Nominal GDP has grown by an average of 0.8% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Nominal Gross Domestic Product (GDP) for Japan measures the total monetary value of all goods and services produced within the Japanese economy.
Q: Why is this trend relevant for users or analysts?
A: Nominal GDP is a key indicator of the overall size and performance of the Japanese economy, providing crucial information for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Japanese government using surveys, production data, and other economic indicators.
Q: How is this trend used in economic policy?
A: Nominal GDP is closely monitored by the Bank of Japan and other economic institutions to assess the state of the Japanese economy and guide fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: The Nominal GDP data for Japan is typically released on a quarterly basis, with some potential for slight delays in data availability.
Related Trends
Labor Compensation: Earnings: Manufacturing: Monthly for Japan
LCEAMN03JPM661S
Bank of Japan: Total Assets for Japan
JPNASSETS
Fiscal Situation of General Government: Net Lending/borrowing for Japan
JPNGGXCNLG01GDPPT
Total Credit to Private Non-Financial Sector, Adjusted for Breaks, for Japan
CRDQJPAPABIS
Total Credit to Households and NPISHs, Adjusted for Breaks, for Japan
QJPHAM770A
Production: Industry: Total Industry Excluding Construction for Japan
PRINTO01JPA657S
Citation
U.S. Federal Reserve, Nominal Gross Domestic Product for Japan (NGDPSAXDCJPQ), retrieved from FRED.