Source: world bank Nominal/PPP
Summary:
Japan GDP Per Capita expanded from 1960 to 2024, increasing from $508.70 to $32,487.08 .The compound annual growth rate (CAGR) averaged 6.71% over the period. The economy recorded its peak level in 2012 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 33.9%, indicating the largest cyclical decline from peak levels. The country experienced 9 recession episode(s) during the observed period.
Japan Economic Phases (1960 - 2024)
From 1960 to 2024, Japan economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1961–1978) indicating robust economic expansion
- Expansion (1979–1980) indicating steady moderate growth
- High Growth (1983–1988) indicating robust economic expansion
- High Growth (1991–1995) indicating robust economic expansion
- Contraction (1997–1998) indicating temporary slowdown
- High Growth (1999–2000) indicating robust economic expansion
- High Growth (2003–2004) indicating robust economic expansion
- Contraction (2005–2007) indicating temporary slowdown
- High Growth (2010–2011) indicating robust economic expansion
- Contraction (2014–2015) indicating temporary slowdown
- Expansion (2018–2019) indicating steady moderate growth
- Contraction (2023–2024) indicating temporary slowdown
The most remarkable growth occurred in 1986 with an increase of 47.778%, while the largest decline was in 2013 at -16.78%.