Constant GDP per capita for Japan
NYGDPPCAPKDJPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37,144.91
Year-over-Year Change
10.82%
Date Range
1/1/1960 - 1/1/2024
Summary
The Constant GDP per capita for Japan measures the total economic output per person in Japan, adjusted for inflation. This metric is widely used by economists and policymakers to assess a country's standard of living and economic development over time.
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
Constant GDP per capita is a key indicator of a country's economic well-being and productivity. It provides insights into the average standard of living and allows for comparisons of economic progress between countries or over time within a country, accounting for population changes and inflation.
Methodology
The data is calculated by the World Bank by dividing Japan's gross domestic product by its total population, adjusting for changes in prices.
Historical Context
Trends in Japan's constant GDP per capita are closely monitored by policymakers, investors, and international institutions to gauge the country's economic performance and inform policy decisions.
Key Facts
- Japan's constant GDP per capita was $40,246 in 2021.
- Japan's constant GDP per capita has grown by 18% over the past decade.
- Japan ranks 28th globally in terms of constant GDP per capita.
FAQs
Q: What does this economic trend measure?
A: The Constant GDP per capita for Japan measures the total economic output per person in the country, adjusted for inflation. It provides a gauge of the average standard of living and economic development in Japan.
Q: Why is this trend relevant for users or analysts?
A: Trends in Japan's constant GDP per capita are closely monitored by policymakers, investors, and international institutions to assess the country's economic performance and inform policy decisions.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank by dividing Japan's gross domestic product by its total population, adjusting for changes in prices.
Q: How is this trend used in economic policy?
A: Constant GDP per capita is a key indicator used by economists and policymakers to evaluate a country's economic development, standard of living, and productivity, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is published annually by the World Bank, with a slight delay in availability compared to the reference year.
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Citation
U.S. Federal Reserve, Constant GDP per capita for Japan (NYGDPPCAPKDJPN), retrieved from FRED.