Industry Sector Contribution to GDP in Japan (1994-2022)

Industry Sector Contribution to GDP in Japan (1994-2022)

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TGM StatBox. (2024). Industry Sector Contribution to GDP in Japan (1994-2022). TGM StatBox.
Chart Details
Timeframe: 1990-2022
Country: Japan
Published date: 2024
Note: Industry (% of GDP), according to World Development Indicators, measures the contribution of the industrial sector to a country's Gross Domestic Product (GDP). This metric reflects the economic significance of manufacturing, mining, construction, and utilities, indicating the value generated by industrial activities relative to the overall economy.
Key Takeaways
Japan’s industry sector has shown a gradual decline from 34.6% in 1994 to around 29% in recent years. The 2008 global financial crisis led to a sharper decrease, but Japan’s industrial output rebounded, stabilizing in the range of 26-29% in the last decade. Japan’s commitment to innovation in technology and automotive sectors maintains its industrial relevance, although a shift toward service-oriented growth is evident. By 2022, the contribution stood at 26.9%, reflecting Japan’s blend of tradition in high-tech manufacturing with an evolving, diversified economy.

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