JapangdpFall belowtrillions, the economy has taken a back seat, and the gap with China and the United States has widened
New Spring of New Financial Forces In the past, Japan's economic strength was unmatched! In 1988, Japan's GDP had already surpassed $3 trillion, reaching a staggering 307 trillion US dollars, this is the 10th anniversary of China's reform and opening up.
However, China's economic strength at that time was still very weak, only 312.3 billion US dollars, only about one-third of Japan's.
In 1988, the U.S. economy achieved a major breakthrough, with total GDP surpassing $5 trillion for the first time, reaching a record $5$24 trillion. At the time, Japan's share of GDP in the United States was 58 percent, while China's share of the U.S. economy was only about 6 percent.
Although the Chinese population is large, with a total of more than 1.1 billion people, its economic foundation is still relatively weak, and the economic gap with the United States and Japan is still large.
In the 90s of the 20th century, Japan's economy entered a stage of rapid development! In 1990, Japan's GDP had reached 313 trillion US dollars, and by 1995, Japan's total economic output had reached 5$55 trillion, creating a glorious moment in its history.
The U.S. GDP for the year was 7$64 trillion, while Japan's GDP accounts for more than 72% of the GDP of the United States, surpassing the United States to become the world's second-largest economy and posing a substantial threat to the American economy.
In 1995, Japan's economy was strong enough to rival Germany, France, and the United Kingdom, which ranked third through fifth in the world. On the other hand, China's GDP at that time was only 13% of Japan's, only 730 billion US dollars.
However, Japan's exports are as high as 443 billion US dollars, and the added value of manufacturing is as high as 128 trillion dollars, almost the same as the United States. During this period, the output value of Japan's electronics industry exceeded 150 billion US dollars, and Japanese companies such as Sony and Panasonic were the world's leading representatives.
The stability of the United States' global economic hegemony has been seriously challenged, and the United States has taken decisive measures to suppress Japan, including forcing the yen to appreciate and signing unequal** agreements, which have successfully curbed Japan's economic growth momentum.
By 2000, Japan's GDP had fallen to 4$97 trillion, while the GDP of the United States has grown to 10$25 trillion.
Over the past decade, China's economy has grown significantly. According to the latest data, China's total economic output has reached 1At 21 trillion US dollars, Japan's share of GDP has also increased from less than 10% a decade ago to 24%.
This data shows that China's economy is growing rapidly and can already compete with developed countries such as Britain and France. In contrast, Japan's share of GDP has fallen to 48%, down from 10 years ago.
While Japan is still a strong economy, the rise of China's economy has narrowed the economic gap between the two countries. It is worth mentioning that in 2010, China's economy surpassed Japan for the first time to become the world's second largest economy.
This milestone event marks the rise of China's economy and indicates that China's economy will continue to play an important role in the global economic landscape.
The U.S. economy continues to be strong, with a total GDP of more than $15 trillion, while Japan's share of the economy continues to decline. According to the data, Japan's total economic output fell below $5 trillion in 2021, only 4$93 trillion.
By comparison, the US GDP has reached $23 trillion, and China has reached a record 17At $7 trillion, Japan's GDP accounts for only 21 percent of the United States4%, accounting for 278%。
Japan, once a global economic powerhouse, is drifting away as China and the United States catch up. According to **, Japan's GDP will fall to 4 in 20223 trillion US dollars, and the GDP of the United States is more than 25 trillion US dollars, nearly 6 times that of China.
Japan can no longer be among the first phalanx of the global economy.
We need to learn from Japan's development and have the patience to develop ourselves. Although Japan's total economic output has surpassed that of Japan, its per capita GDP is still only about one-third of Japan's, and we still have a long way to go.
China, keep up the good work!