Japan may fall from fourth to fifth place among world economies, behind India. Japan Times reports this. By early 2024, Germany has already overtaken Japan.
Author:
https://rb.ru/author/lihanova/
Subscribe to RB.RU on Telegram
The International Monetary Fund (IMF) suggests that a change in the positions in the ranking could occur as early as 2025. The head of the Asia-Pacific region of Capital Economics, Marcel Telyan, speaks of 2026 and of S&P Global Ratings, of 2030.
Japan was the world’s second largest economy until 2010, when China took its place. At the beginning of 2024, the German economy overtook the Japanese economy.
According to the World Bank, in 2023 India’s GDP was $3.55 trillion, Japan’s GDP was $4.22 trillion. The IMF projects that India will grow 7% in 2024 and 6.5% in 2025, and Japan 0.3% and 1.1%, respectively.
Japan has been in recession for decades, while India has been growing steadily since 2000. If the trend continues, India will soon overtake Germany and take third place behind the United States and China.
In India, GDP per capita is about $2,500, in Japan, about $34,000. In terms of purchasing power parity, India already ranks third in the world.
Author:
Elena Likhanova
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
