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

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

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TGM StatBox. (2024). Manufacturing Sector Contribution to GDP in Japan (1994-2022). TGM StatBox.
Chart Details
Timeframe: 1990-2022
Country: Japan
Published date: 2024
Note: Manufacturing (% of GDP), according to World Development Indicators, measures the contribution of the manufacturing sector to a country's Gross Domestic Product (GDP).
Key Takeaways
Japan’s manufacturing sector maintained a steady contribution to GDP of around 23.5% through the 1990s but declined as global competition and rising production costs impacted growth. The sector faced a significant hit during the 2009 financial crisis, with its share dropping to 19%. Despite recovery efforts, including technological innovation and robotics, the share fluctuated modestly, ending at 19.2% in 2022. Japan's focus on high-tech manufacturing has maintained its global position, though the sector's relative GDP share remains below its peak.

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