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key economic figures

Japan is the world's third largest economy and Denmark's 16th largest export market for goods in 2021. Below is a brief overview of the latest key figures for Japan's economy and trade with Denmark.


Export

  • Japan was Denmark's 16th largest export market in 2021, totalling DKK 23,9 billion in revenues which accounted for 1,6% of Danish exports. (BOP)
  • In 2021, Japan was Denmark's 14th largest export market for goods with 14,9 billion DKK (1,7%) and the 16th biggest market for services grossing 9,1 billion DKK (1,5%). (BOP)
  • Goods exports to Japan rose by 3,8 % in 2021 in relation to 2020. (FOS)
  • The top export in 2021 was medicinal and pharmaceutical products (DKK 6,01 billion). (FOS)
  • In the first ten months of 2022, Danish exports of goods to Japan were worth DKK 13,74 billion; a rise of 9,7% relative to the same time period in 2021 (DKK 12,52 billion). (FOS)

Import

  • Imports of goods and services from Japan totalled DKK 7,6 billion which accounted for 0,6% of Danish imports in 2021 (BOP)
  • Imports of goods from Japan totalled DKK 3,0 billion in 2021; a rise of 9,6% relative to 2020. (FOS)
  • The top import good in 2021 was road vehicles (including air-cushion vehicles) (DKK 284,5 million).
  • In the first ten months of 2022, imports of goods from Japan were worth DKK 2,95 billion; a rise of 19,5% in relation to the same time period in 2021 (DKK 2,47 billion). (FOS)

Foreign direct investments

  • Denmark's direct investments in Japan were DKK 13,5 billion by the end of 2021.
  • Japan's direct investments in Denmark were DKK 22,1 billion by the end of 2021.
  • In 2020, 96 Danish subsidiaries employed a total of 6.074 people in Japan.
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Economic key figures for Japan

  • Japan was the world's 3rd largest economy in 2021 with a GDP of 4.934 billion USD.
  • In 2021 the country had a population of 126,0 million.
  • According to the World Bank's 2021 classification, Japan belongs to the group of High income countries. The GDP per capita of the country was 39.142 USD in 2021.
  • In 2021, the real growth rate in GDP is expected to be 1,5 pct., and over the following two years real GDP is expected to grow at a rate of 1,3 pct. p.a.
  • In 2021, the current account had a surplus of 4,0 pct. of GDP. Towards 2024, the surplus is expected to remain unchanged
  • In 2021, the government budget balance had a deficit of 6,0 pct. Towards 2024, the budget balance is expected to somewhat improve, but remains negative.
  • Total government debt is expected to increase to 244,0 pct. of GDP in 2024.

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