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In 2011, the yen/dollar rate is 79.8 (average), valuing Japan's nominal 2011 GDP figure of 468.1 trillion yen, [1] at US $5.87 trillion or 37.9 trillion yuan (at 6.4588/dollar). That is less than the revised 2011 figure for China of 47.16 trillion yuan. [ 2 ]
The Plaza Accord in 1985, an agreement among major economies to devalue the American dollar relative to several major currencies, led to a rapid appreciation of the yen. [46] [47] [48] In 1995, Japan’s share of the world’s nominal GDP was 17.8%, reaching approximately 71% of that of the United States. [25]
Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. [2] Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates.
This is an alphabetical list of countries by past and projected gross domestic product (nominal) as ranked by the IMF. Figures are based on official exchange rates, not on the purchasing power parity (PPP) methodology. Values are given in millions of United States dollars (USD) and have not been adjusted for inflation.
Japan racked up a trade deficit of 294.3 billion yen ($2 billion) in September, according to Finance Ministry data released Thursday, as exports fell to key destinations like China. For the first ...
The value of Japan's currency has tumbled so much that for a moment on Monday it took 160 yen to equal $1. A few years ago, it took closer to 100 yen to make a U.S. dollar.
The top 3 largest economies in Asia are China, Japan and India. China is the largest economy in Asia, ... 2024 GDP (nominal) in billions — Asia: 42.72 trillion: 1
Historical GDP per capita development. The economic history of Japan is most studied for the spectacular social and economic growth in the 1800s after the Meiji Restoration, as well as a second spate of spectacular economic growth from the 1950s to the 1970s, dubbed the "Japanese economic miracle".