Japan economy graph showing purchasing power parity (PPP) growth from 2000 to today. Purchasing power parity adjusts the size of the economy to relevant price levels, i.e. measuring the price of specific goods in different countries and adjusting GDP accordingly.
Japan’s GDP per capita (PPP) in 2023 was around $45,949, indicating a high standard of living. The economy is characterized by advanced technology, automotive manufacturing, and electronics industries.