The japan is highly globalized free market economy with high standard of living. Gross domestic product japan is 4th largest by purchasing power parity and 3rd largest by nominal GDP in the world. Japan is ranked world 2nd highest developed economy. In year 2016, according to report of international monetary fund (IMF) japan per capita GDP was around $38490. The Japan Exchange Group is world 3rd largest stock exchange by market capitalization. In year 2018, Japan was world 4th largest importer and exporter. Japan has world 2nd leading foreign exchange reserves worth $1.3 trillion. Japan is ranked 29th on Ease of Doing Business and 3rd largest market consumer.
The japan has 3rd world largest automobile manufacturing and electronics goods industry facing growing competition from South Korea and China. Manufacturing industry in Japan now primarily focus on precision and high tech goods such as robotics, hybrid vehicles and optical instruments. Japan is considered world 3rd largest country by its wealth.
According to the projections from trading economics and official data of World Bank, gross domestic product japan was worth of 5110 billion US dollar in year 2019. The gross domestic product Japan represents 4.22% of global economy.
The data of gross domestic product Japan is released on quarterly basis in the second month usually at 23:50 (GMT). The final report of gross domestic product Japan is released at the end of fiscal year by Economic and Social Research Institute Japan.