11.2  GDP of Japan and its unique sectorial makeup 

11.2  GDP of Japan and its unique sectorial makeup 

All sectors that make up Japan’s GDP and specifics around the country’s makeup:

Predominant sectors: Manufacturing, Services, Retail. These sectors are known for their advanced technology, high productivity, and significant contributions to Japan’s economy.

Not so predominant sectors: Agriculture, Mining, Construction, Utilities, Finance, and Real Estate. These sectors, while essential, have smaller contributions to the overall GDP.

Total GDP 

Total GDP of Japan: Approximately $4.231 trillion in October 2023.

Primary industry share of GDP: Japan’s GDP from agriculture was approximately 0.95 percent in 2021.

Secondary industry share of the total GDP:  In 2021,  28.8 percent came from the industry Sectors of Japan’s including Manufacturing, Construction, Utilities.

Tertiary industry share of the total GDP: In 2021 69.89% of Sectors of Japan contributing to Tertiary Industry: Services, Retail, Finance, and Real Estate.

Figure 1: Gross domestic product (GDP) distribution by economic sectors, 2011–2021

GDP growth rate – YOY

Total GDP growth rate:  When comparing the second quarter of 2023 to the same period in the previous year, Japan’s GDP grew by 1.60 percent. Japan’s GDP Annual Growth Rate averaged 1.74 percent from 1981 to 2023, reaching an all-time high of 9.40 percent in the first quarter of 1988 and a record low of -9.90 percent in the second quarter of 2020.

Primary Industry Growth Rate: The performance of mining and agriculture has an impact on the primary industry’s growth rate, which varies.

Growth rate of Secondary Industry: Trends in construction and manufacturing drive the growth rate of the secondary industry, which varies.

Growth rate of the Tertiary Industry: Growth in the tertiary industry is usually more steady, especially in the services sector.