JapangdpFall below, reduced to a middle power
After the end of World War II, the world experienced an era of bipolar pattern, and after the collapse of the Soviet Union, a pattern of "one superpower and many powers" was formed. In this multi-power pattern, the United States, as a superpower, coexists with other middle powers, such as China, Japan, Russia, Germany, the United Kingdom, France, Italy, India, and other countries.
Although these countries are all called middle powers, they actually vary greatly in strength, especially in economic power. Among them, Japan's economic strength and scientific and technological strength significantly surpass that of other middle powers, and it can be said that it is a middle power with a special status.
If you look at a set of data, you will understand our strength. In 1993, Japan's GDP reached 445 trillion dollars, accounting for 1725%, which is 64 percent in the United States87%。
In 1994, Japan's GDP grew further, reaching $5 trillion, accounting for 17 percent of the world's total93%, still 6859%。
In 1995, Japan's GDP reached 5$55 trillion, or 17 percent of the world86%, although the growth rate has slowed, it is still far ahead of other middle powers.
It is worth mentioning that Japan's per capita GDP surpasses that of the United States, and its scientific and technological strength is very strong, and the scale of this economy has reached the level of a superpower. In terms of manufacturing, Japan is also doing well.
In 1995, the added value of Japan's manufacturing industry reached 128 trillion dollars, while the added value of manufacturing in the United States is 13 trillion dollars, Japan occupies 98 percent of the United States46%。
In 1997, the value added of Japan's manufacturing industry was 105 trillion US dollars, the added value of the manufacturing industry in the United States is 1At $38 trillion, Japan's manufacturing added value is 76% of that of the United States1%。
During this period, the United States was the world's largest manufacturing country, but Japan's manufacturing value added was still very close to that of the United States.
Japan had a unique advantage among the middle powers, and its economic power at that time far surpassed that of other countries. If it were not for being suppressed by the United States because of the defeat in the war, Japan's economic power could have allowed it to develop into a powerful country.
However, since the 90s, Japan's economy has continued to decline, hovering around $5 trillion and even stagnating. This stagnation is actually tantamount to recession, because stagnation in Japan is tantamount to regression in the rapid development of the global economy.
In particular, Japan's economy continues to shrink.
1.Japan's GDP has been declining over the past few decades, from 5 in 1995$55 trillion fell to $4 in 2021$94 trillion and is expected to fall to $4 by 2023$2 trillion, well below the 1995 level.
2.More worryingly, Japan's share of global GDP is also declining. From 1993 to 1995, Japan's share of global GDP exceeded 17%, and by 2021, this share had fallen to 5.5%.11%, and even in 2022, Japan's share of global GDP will fall below 5% for the first time.
3.In the first three quarters of 2022, Japan's GDP was 3$14 trillion, adjusted to $3$19 trillion, compared to a GDP of $2 in the first half of the year19 trillion US dollars, based on which it can be speculated that Japan's GDP for the whole year of 2022 will be about 4$2 trillion.
This is despite the fact that the International Monetary Organization's global GDP will reach 101 in 202256 trillion dollars, but in reality, this is almost impossible to achieve. The combined GDP of the world's six largest economies, the United States, China, the European Union, Japan, the United Kingdom, and India, is 69At $52 trillion, the total global GDP is 966 trillion US dollars, accounting for 71 percent of the world's total GDP97%。
In 2022, the GDP of China, the United States and India, the six largest economies in the world, will be **, while the GDP of the European Union, Japan and the United Kingdom will be **, and the magnitude will be quite large, and after canceling each other, the total GDP increase of the six largest economies will be only 079 trillion US dollars, so the combined GDP of the 6 largest economies will reach 70$31 trillion.
If calculated according to this ratio, global GDP is expected to reach 97 in 2022$69 trillion.
Japan's share of the global market is about 43%, which is already less than 5%, and its share of global manufacturing is also much lower than that of the United States. The added value of China's manufacturing industry has surpassed that of the United States and has become the world's first, about 276 trillion dollars of 3152%, or 31 percent in the United States52%。
It is expected that in 2022, the added value of China's manufacturing industry will reach 508 trillion US dollars, while the added value of Japan's manufacturing industry is only 1713%, less than a fifth.
Currently, Japan's GDP is comparable to that of Germany, but it is expected to be surpassed by India within five years. Despite the fact that Japan is still a middle power, it is no different from other ordinary middle powers compared to the 90s of the last century.