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The yen’s depreciation dragged Japan’s share of global GDP to a record low last year

JapanData released by the Cabinet Office on the 25th showed that Japan’s global share of economic output fell to a record low last year due to the weakening of the yen.

Japan’s gross domestic product (GDP), not adjusted for inflation, to fall to US$4.2 trillion (597.469 trillion yen) in 2022, accounting for 4.2% of global GDP, a decrease of 0.9 percentage points from the previous year , which was the highest level. Since 1980. Lowest stake since data comparison.

Although Japan is still the world’s third-largest economy, its economic output lags far behind the top two, the United States and mainland China.

Global GDP in 2022 will be US$101.4 trillion, of which the United States accounts for the highest share of 25.1%, equivalent to US$25.4 trillion; China ranked second with a share of 17.7%, about US$17.9 trillion.

Japan’s nominal GDP per capita in 2022 is US$34,064, ranking 21st among the 38 member countries of the Organization for Economic Co-operation and Development (OECD), falling one place from 20th in 2021, mainly due toItalyOvertaking, and also for the first time in 14 years, that the Group of Seven major industrialized countries (g7) Please come with me to the last seat.

Among OECD countries, Luxembourg ranks first in GDP per capita in 2022 with US$124,592, which is 3.6 times higher than Japan. The United States is in fifth place with $76,291, more than double that of Japan.

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