Monday, March 4, 2019

Japan Economy


The population of Japan is 127,185,332 with a land area of 145,936 square miles. Labor force 65 million. Labor force by occupation is agriculture 3%, industry 26%, services 71%.

Nominal GDP is $5.221 trillion GDP rank 3rd. GDP growth 1%. GDP by sector is agricultural 1%, industry 30%, services 69%.

Nominal per capita GDP is $41,418. Rank 23rd. Poverty 16%. Inflation 0.5%. Unemployment 2.8%.

Main industries: motor vehicles, electronic equipment, machine tools, steel, nonferrous metals, ships, chemicals, textiles, processed food. Ease of doing business 39th.

Exports $679.2 billion of motor vehicles, iron and steel products 5.4%, semiconductors 5%, auto parts 4.8%, power generating machinery 3.5%, plastic materials 3.3% sold to US 20.2%, China 17.6%, EU 11.4%, South Korea 7.2%, Taiwan 6.1%, others 37.4%.

Imports $671 billion in petroleum 16.1%, liquid natural gas 9.1%, clothing 3.8% semiconductors 3.3%, coal 2.4%, audio and visual products 1.4%.purchased from China 25.8%, EU 12.4%, US 11.4%, Australia 5%, South Korea 4.1%, others 41.3%.

Government revenue $1.714 trillion, spending $1.885 trillion. Debt to GDP 237.6%. Foreign reserves $1.249 trillion.


Norb Leahy, Dunwoody GA Tea Party Leader

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