GDP Reshuffle: India Rises, Japan Falls #india #japan #china #money #gdp #work #growth
In 2023 Japan’s GDP stood at $ 4.21 trillion falling behind Germany to rank as the world’s fourth largest economy during its peak in the 1990s Japan held the position of the second largest economy with its GDP accounting for 60% of the United States GDP after the burst of its asset bubble
Japan experienced lost Decades of economic stagnation in 200 9 Japan’s economy was surpassed by China’s due to aging demographics and currency depreciation Japan’s economy has recently slipped closer to Germany and India’s India’s rapid growth is expected to propel it past Germany and Japan making it the world’s third largest economy by
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India GDP – $3.73T in 2023
Japan GDP – $4.21T in 2023
By 2026, India will be the 3rd largest economy