Japan, with a population of 125,124,989, ranks 11th globally, just behind Mexico. Located in East Asia, Japan covers a total area of 377,974 square kilometers, ranking 61st, right below Zimbabwe.
Japan holds a strong economic position in 2022 with a GDP of $4,256,410,760,723.75, ranking 3rd globally. It follows closely behind China, whose GDP stands at $17,963,171,479,205.3. Japan’s GDP per capita is $34,017.27, placing it 33rd worldwide.
It lags behind Malta, with a GDP per capita of $34,127.51. Japan’s robust economy is driven by its advanced technology, manufacturing, and export industries, making it a key player in the global market.
What are the economic activities of Japan?
- Primary activities: 1.1% of GDP.
- Secondary activities: 30.1% of GDP.
- Tertiary activities: 68.7% of GDP.
Primary Sector of Japan
Japan’s primary sector, particularly its agricultural activities, is influenced by its temperate climate and fertile land. With 12.78% of land dedicated to agriculture, Japan produces a diverse range of products including rice, milk, sugar beets, vegetables, eggs, chicken, potatoes, cabbages, sugarcane, and pork.
Despite contributing only 1.1% to the GDP, agriculture plays a vital role in providing employment and food security. The variety of crops and animal products highlights the sector’s importance, showcasing Japan’s self-sufficiency and cultural significance of traditional farming practices.
Japan’s geological diversity limits mineral resources but provides abundant fish stocks. With negligible mineral reserves, the economy heavily relies on imported energy due to the lack of natural energy resources.
Despite limited mineral resources, Japan’s oil production of around 4040 barrels per day contributes to its economy, ranking 62nd globally. With oil reserves of 44,115,000 barrels, Japan holds only 0.0% of the world’s oil reserves.
Japan’s gas production is limited, with 4453 million m³ in 2020, ranking 53rd globally. The country heavily relies on imported energy due to its lack of natural resources.
Secondary Sector of Japan
What is the secondary sector or what are secondary activities?
The secondary sector encompasses industries that transform raw materials into finished products for consumption. In Japan, key industrial products include motor vehicles, electronic equipment, machine tools, steel, nonferrous metals, ships, chemicals, textiles, and processed foods.
Manufactures play a crucial role in Japan’s economy, accounting for 83.56% of total exports in 2023. This highlights the significance of the manufacturing sector in driving the country’s export-driven growth and global competitiveness.
Tertiary sector of Japan
What is the tertiary sector or what are tertiary activities?
The tertiary sector in Japan encompasses a wide range of services that focus on knowledge and expertise to enhance productivity and meet various needs. This sector includes activities such as restaurants, healthcare and medical care, education and training, banking and finance, communication and information exchange, media production and distribution, and tourism and hospitality. These services play a crucial role in driving Japan’s economy and meeting the demands of its population.
Among these, Japan’s tourism industry is a significant contributor to the nation’s economy, with 31,881,000 annual arrivals. Popular destinations like Tokyo’s neon-lit streets and Kyoto’s serene shrines attract visitors worldwide. Tourism accounts for 0.2548 of Japan’s population, highlighting its vital role in economic growth and cultural exchange.
Another example of tertiary economic activity is the mobile cellular sector, boasting 207 million subscriptions, which fosters technological growth by enhancing connectivity and enabling innovation across various industries.
Military Activities and Economic Sectors of Japan
The military is a key example of how different economic activities work together. In Japan, the primary sector supports resource extraction for military use, while the secondary sector focuses on manufacturing military equipment. The tertiary sector includes services provided by the military, and the quaternary sector involves research and development. Lastly, the quinary sector is about high-level decision-making and strategy in the military.
In 2023, Japan’s military expenditure was $50,161.1 million, which is 1.08% of its GDP. The active military force consists of 247,000 personnel, resulting in about 2.6 active military members for every 1,000 people in the country.
Biggest company in Japan
Which is the biggest company in Japan? It’s Toyota Motor, a leading player in the automotive industry. With a market value of approximately 237.73 billion USD, Toyota has been a key part of Japan’s economy since its founding in 1937. It operates in the secondary sector, focusing on manufacturing vehicles.
International Trade of Japan
Import Activities of Japan
Japan’s import activities are of high importance, with total imports in 2023 reaching over $751 billion, accounting for 25% of its GDP.
Japan’s import activities are diverse, with major partners like China, Australia, and the US. Key imports include crude petroleum, natural gas, coal, integrated circuits, and garments.
Exports Activities of Japan
Japan’s export activities in 2023 totaled $717.95 billion, accounting for 21.54% of its GDP. This medium level of export dependency highlights its significant role in the country’s economy.
Japan’s export activities are diverse, with top partners being the US and China. Key commodities include cars, machinery, integrated circuits, vehicle parts, and refined petroleum.
Japan economy challenges in 2024
In 2024, Japan faces economic challenges despite being the fourth-largest economy. High public debt, declining real wages, and inflation pose obstacles. The country’s trade-oriented approach and reliance on tourism are affected by near-zero central bank rates and a depreciating yen.
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