Japan Country profile


January 2018

Japan is currently the 3rd largest economy in the world, behind the US and China. Growth has averaged less than 1% p.a 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 such as China have impacted GDP growth. Japan lags most advanced economies on measures of GDP growth, per capita incomes and business climate.

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 for 2018 as provided by the IMF. Annual GDP growth is for 2018. 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.