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9:05 JST, February 15, 2024 (updated at 09:16 JST)
Japan drops to 4th largest economy last year in terms of nominal gross domestic product, unseated by Germany.
The 2023 nominal GDP rose 5.7% to ¥ 591 trillion on a preliminary basis, according to the Cabinet Office. It was $4.2106 trillion, surpassed by Germany’s $4.4561 trillion.
Meanwhile, the real GDP, seasonally adjusted, in the October-December period last year fell 0.1% from the July-September period, meaning it dropped 0.4% in an annualized pace, the two quarterly drop in a row.
