Japan's GDP has been "stagnant" for nearly 30 years, why hasn't Germany overtaken?

Author: Simple Finance

Japan is the third largest economy in the world. Although GDP is second only to the United States and China, the gap is very large. According to the latest data, the total amount of GDP last year in the United States and China was: 23 trillion and 17.72 trillion yuan, and the unit was US dollars, while Japan's GDP was $ 4.9 trillion, which was less than one -third of our country.

In this way, the amount of GDP in Japan does not seem to be high, but this is not the case. After all, the reference object is very important. If compared with many European countries, Japan's GDP has existed invincible. For so many years, Germany, France, and the United Kingdom in Europe have not achieved overtaking Japan.

Take a look at the GDP data of European countries: Germany is the largest economy in Europe. Last year's GDP was $ 4.2 trillion, less than Japan; the United Kingdom and France were: 3.19 trillion and 3.08 trillion. GDP has been leading.

However, Japan's GDP has been "stagnant" for 30 years. Why did Germany still not overtake? In 1994, Japan's GDP was US $ 4.99 trillion, and today's GDP of Japan is $ 4.9 trillion. In the past 30 years, there has been almost no change. It can be said that it is "stopped in place."

So, in this case, why hasn't the European "leading sheep" in the European economy that has not achieved overtaking? In 1994, the German GDP was $ 2.2 trillion, which was less than half of Japan, indicating that the Japanese economy at that time was very huge. Even if it was strong as Germany, there was a big gap in the face of Japan.

Until now, Germany's GDP has reached 85.7%of Japan, indicating that in the past 30 years, Germany chased and worked hard, but the reality was cruel, still failed to overtake, and the speed of catching up was not fast.

To sum up, the reason is nothing more than two aspects: first, Germany's development speed is not fast, especially after the 2008 financial crisis, the European debt crisis followed closely, the EU economy was greatly affected, and German GDP was also received. It was affected and fell into a period of low -speed growth.

At the same time, Germany's GDP has not maintained steady growth, sometimes growing, sometimes declining, and there are similar situations to Japan, but it is generally in the growth trend. Moreover, due to the great affected exchange rate fluctuations, the euro has been challenged by the dollar since its introduction. To this day, the global reserve ratio of the euro has not exceeded the dollar.

Secondly, although Japan's GDP has been stagnant for nearly 30 years, the high -speed growth of the 1970s and 1970s has left the European power far away. Even if Germany wants to overtake, it takes a long time, and the gap has been opened from the beginning.

Moreover, the advantages of the Japanese economy are still there, such as Japanese automotive manufacturing, semiconductor materials, chemical machinery, machine tools and other industries. The advantages of these traditional industries have made Japan survive for 30 years. The automotive industry chain has injected a strong driving force for the Japanese economy.

However, with the development of new energy trends in the future, Japan's advantages may no longer exist. China, the United States, and Europe have uniformly selected electric vehicles, and Japan has always devoted themselves to hydrogen energy. It is not easy to study electric vehicles to study electric vehicles.

Today, the per capita GDP of Japan has fallen below $ 40,000, South Korea has quickly caught up, and South Korea's per capita GDP has reached 88.77%of Japan. If this trend remains, in the next 5 to 10 years, South Korea's per capita GDP will be over Japan. German GDP is also expected to surpass Japan, provided that the European economy can maintain stable growth.

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