In 2023, the Wholesale, Retail Trade, Restaurants, and Hotels sector contributed 16.91% to Japan’s GDP. Forecasted data from 2024 to 2028 suggests a consistent year-on-year increase of 0.01 percentage points each year, reaching 16.96% by 2028. This reflects a steady growth trend with a compound annual growth rate (CAGR) of approximately 0.03% over the next five years.
Future trends to watch for include:
- The impact of digital transformation on retail and wholesale supply chains.
- Growing consumer preference for experiential dining impacting restaurant revenues.
- The influence of global tourism recovery on hotels' GDP contribution.
- Shifts in consumer spending patterns in a post-pandemic economy.
