The 2023 composition of Japan's GDP is predominantly services at 43.79%, followed by manufacturing, utilities, and mining at 22.45%. The wholesale sector, including retail trade, restaurants, and hotels, comprises 16.9%, with transport and communication accounting for 10.27%. The construction sector is at 5.51%, while agriculture and related activities constitute 1.08%. Notably, over the last two years, the services sector improved marginally, whereas manufacturing experienced minor fluctuations. The five-year CAGR indicates a subtle expansion in services and a stable but slow increase in the manufacturing sector.
Future trends to watch include continued growth in the service sector, driven by technological advancements and a shift toward digital services. While manufacturing may face challenges from global supply chain issues, strategic investments and innovation could improve stability. Additionally, the transport and storage sectors are expected to evolve with an emphasis on sustainability, impacting GDP composition.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Services | 43.79 | 2016 | |
| 2 | 2 Mining, Manufacturing, Utilities | 22.45 | 2016 | |
| 3 | 3 Wholesale, retail trade, restaurants and hotels | 16.9 | 2016 | |
| 4 | 4 Transport, storage and communication | 10.27 | 2016 | |
| 5 | 5 Construction | 5.51 | 2016 | |
| 6 | 6 Agriculture, hunting, forestry, fishing | 1.08 | 2016 |
