Economy of Japan

The economy of Japan is a highly developed mixed economy, often referred to as an East Asian model. It is the fourth-largest economy in the world by nominal GDP behind the United States, China, and Germany, and the fifth-largest by purchasing power parity (PPP), below India and Russia. It constituted 4.2% of the world's economy on a nominal basis in 2022. According to the IMF, the country's per capita GDP (PPP) was at $54,184 (2024). Due to a volatile currency exchange rate, Japan's nominal GDP as measured in dollars fluctuates sharply.