Japan GDP per capita PPP

The Gross Domestic Product per capita in Japan was last reported at 33752.90 US dollars in 2010, when adjusted by purchasing power parity (PPP), according to a report published by the World Bank. The GDP per Capita, in Japan, when adjusted by Purchasing Power Parity is equivalent to 154 percent of the world's average. Historically, from 1980 until 2010, Japan GDP per capita PPP averaged 21888.8500 USD reaching an all time high of 33801.6600 USD in December of 2008 and a record low of 8924.3800 USD in December of 1980. The GDP per capita PPP is obtained by dividing the country’s gross domestic product, adjusted by purchasing power parity, by the total population. This page includes a chart with historical data for Japan GDP per capita PPP.

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GDP per capita PPP
The gross domestic product dollar estimates given on this page are derived from purchasing power parity (PPP) calculations. Using a PPP basis is arguably more useful when comparing generalized differences in living standards on the whole between nations because PPP takes into account the relative cost of living and the inflation rates of the countries, rather than using just exchange rates which may distort the real differences in income. However, economies do self-adjust to currency changes over time, and technology intensive and luxury goods, raw materials and energy prices are mostly unaffected by difference in currency (the latter more by subsidies), despite being critical to national development, therefore, the sales of foreign apparel or gasoline per liter in China is more accurately measured by the nominal figure, but everyday food and haircuts by PPP. The gross domestic product per capita is the value of all final goods and services produced within a nation in a given year divided by the average (or mid-year) population for the same year. The gross domestic product (GDP) is one of the measures of national income and output for a given country's economy. GDP can be defined in three ways, all of which are conceptually identical. First, it is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time (usually a 365-day year). Second, it is equal to the sum of the value added at every stage of production (the intermediate stages) by all the industries within a country, plus taxes less subsidies on products, in the period. Third, it is equal to the sum of the income generated by production in the country in the period—that is, compensation of employees, taxes on production and imports less subsidies, and gross operating surplus (or profits).

JAPAN NEWS

Japan Annual Inflation Rate Down to 0.4% in April
Published: 5/25/2012 12:11:48 PM By: TradingEconomics.com, Ministry of Finance Japan
The consumer price index for Japan in April 2012 was 100.4(2010=100), up 0.1% from the previous month, and up 0.4% over the year.

Japan's Trade Deficit Widens in April
Published: 5/23/2012 1:18:40 PM By: TradingEconomics.com, Ministry of Finance Japan
Japan posted a larger-than-expected trade deficit in April, widening from shortfalls in the previous month and a year earlier as exports of steel and plastic declined on reduced demand from China and imports of fossil fuels increased.

Bank of Japan Keeps Monetary Policy Unchanged
Published: 5/23/2012 12:57:08 PM By: TradingEconomics.com, Bank of Japan
At the Monetary Policy Meeting held on May 23rd, the Policy Board of the Bank of Japan decided, by a unanimous vote, to keep the uncollateralized overnight call rate at around 0 to 0.1 percent.

Japanese GDP Grows 1% in Q1
Published: 5/17/2012 11:20:34 AM By: TradingEconomics.com, Cabinet Office
Japan's gross domestic product (GDP) expanded 1.0 percent in January-March from the previous quarter after a revised 0.0 percent result for October-December last year. The recovery was mostly due to solid consumer spending, post-quake rebuilding and rising exports.

Japan Reports Trade Deficit in March
Published: 4/19/2012 11:32:08 AM By: TradingEconomics.com, Ministry of Finance Japan
Japan swung back into a trade deficit in March as a steady rise in energy imports outweighed a rebound in automobile exports after last year's flooding in Thailand.

Bank of Japan Holds off Easing Measures
Published: 4/10/2012 11:08:43 AM By: TradingEconomics.com, Bank of Japan
At the Monetary Policy Meeting held on April 10th, the Policy Board of the Bank of Japan decided to encourage the uncollateralized overnight call rate to remain at around 0 to 0.1 percent.

Japan Reports Trade Surplus in February
Published: 3/22/2012 11:23:41 AM By: TradingEconomics.com
Japan posted a ¥32.9 billion trade surplus in February after four-straight months in deficit, the Ministry of Finance said on March 22nd, boding well for an economy that needs a boost from international trade to solidify its still-fragile recovery.

Bank of Japan Adds New Loan Program
Published: 3/13/2012 6:53:42 PM By: TradingEconomics.com, Bank of Japan
The Bank of Japan left on March 13th its key monetary policy unchanged to check the effects of last month's easing steps, but decided to expand a loan program to ¥5.5trn for potentially high-growth sectors in a bid to stimulate the economy.

Japan Annual Inflation Rate Up 0.1% in January
Published: 3/2/2012 12:14:45 PM By: TradingEconomics.com, Statistics Japan
The consumer price index for Japan in January 2012 was 99.6(2010=100), up 0.2% from the previous month, and up 0.1% over the year.

Japan Unemployment Rate up to 4.6% in January
Published: 3/2/2012 12:10:30 PM By: TradingEconomics.com, the Ministry of Internal Affairs and Communications
Japan's seasonally adjusted unemployment rate rose to 4.6 percent in January from a downwardly revised 4.5 percent in December, with the data pointing to already employed people seeking higher-paid positions.

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