IMD World Competitiveness Booklet 2023

Competitiveness Country Profiles

Japan Competitiveness Trends – Overall

OVERALL PERFORMANCE (64 countries)

BASIC FACTS

Rank

2019

2020

2021

2022

2023

Capital Land area (square km '000)

Tokyo

378 2022

30

31

0,131 2022

Exchange rate (per $)

34

34

35

Population - market size (millions) 124,84 2022 07 Gross Domestic Product (GDP) (US$ billions) 4.231,1 2022 03 GDP (PPP) per capita (US$) 48.942 2022 32 Real GDP growth (%) 1,0 2022 62 Consumer price inflation (%) 2,50 2022 04 Unemployment rate (%) 2,60 2022 07 Labor force (millions) 69,02 2022 06 Current account balance (% of GDP) 2,06 2022 22 Direct investment stocks inward ($bn) 257,0 2021 27 Direct investment flows inward (% of GDP) 0,66 2021 55

CHALLENGES IN 2023

Activate a new form of capitalism.

•

• Promote focused investment such as in human capital, Generation X, and digital experience. • Incorporate the resolution of social issues into the growth strategy. • Strengthen diplomacy and economic, energy and food security. • Put public finances on a sound footing.

PROVIDED BY: Mitsubishi Research Institute Inc., Tokyo

COMPETITIVENESS LANDSCAPE

Economic Performance Government Efficiency

Business Efficiency

Infrastructure

Domestic Economy

International Trade

International Investment Employment Prices

Public Finance Tax Policy

Institutional Framework Business Legislation

Societal Framework

Productivity & Efficiency Labor Market Finance

Management Practices Attitudes & Values

Basic Infrastructure

Technological Infrastructure Scientific Infrastructure

Health & Environment Education

5

8 8

12

17

26

27

28

35

36 33

38

38

44

51

54

57

57 62

62

PEER GROUPS RANKINGS ASIA - PACIFIC (14 countries)

POPULATIONS > 20 MILLION (27 countries)

2019

2020

2021

2022

2023

2019

2020

2021

2022

2023

10

10

10

10

12

12

13

13

11

14

85