Japan's Economy in 2011

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International Economics|
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Ayman Mohamed Wahid|
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| Japan’s GDP Annual Growth Rate:The Gross Domestic Product (GDP) in Japan contracted 0.6 percent in the fourth quarter of 2011 over the same quarter, previous year. Unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment. Historically, from 1981 until 2011, Japan's average annual GDP Growth was 2.15 percent reaching an historical high of 9.37 percent in March of 1988 and a record low of -10.30 percent in March of 2009. This page includes: Japan GDP Annual Growth Rate chart, historical data, forecasts and news. Data is also available for Japan GDP Quarterly Growth Rate, which measures growth over the previous quarter.Japan’s GDP:Japan Gross Domestic Product is worth 5498 billion dollars or 8.87% of the world economy, according to the World Bank. Historically, from 1960 until 2010, Japan's average Gross Domestic Product was 2266.10 billion dollars reaching an historical high of 5497.81 billion dollars in December of 2010 and a record low of 44.31 billion dollars in December of 1960. Japan's industrialized, free market economy is the second-largest in the world. Its economy is highly efficient and competitive in areas linked to international trade, but productivity is far lower in protected areas such as agriculture, distribution, and services. Japan's reservoir of industrial leadership and technicians, well-educated and industrious work force, high savings and investment rates, and intensive promotion of industrial development and foreign trade produced a mature industrial economy. Japan has few natural resources, and trade helps it earn the foreign exchange needed to purchase raw materials for its economy| Japan’s GDP per capita:The GDP per capita in Japan was last reported at 39310 US dollars in December of 2010, according to the World Bank. Previously, the GDP per capita in Japan stranded at 37766 US dollars in December of 2009. The GDP per capita in Japan is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. Historically, from 1960 until 2010, Japan's average GDP Per Capita was 26593.62 dollars reaching an historical high of 40707.00 dollars in December of 2007 and a record low of 7117.79 dollars in December of 1960. This page includes a chart with historical data for Japan's GDP Per Capita.| | | |

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About GDP Per Capita (Adjusted by Constant Prices):

The GDP dollar estimates given on this page are adjusted for inflation. The term Constant Prices refers to a metric for valuing the price of something over time, without that metric changing due to inflation or deflation. 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’s Population:
The total population in Japan was last reported at 128.1 million people in 2010 from 94.1 million in 1960, changing 36 percent during the last 50 years. Japan has 1.86...
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