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Economy of Japan vs Moldova compared: GDP & Debt

Updated on by Georank team

Japan has a GDP of $4.03T compared to $18.2B for Moldova, ranking 4/197 and 134/197 by economy size, respectively.

Japan has $9.51T in government debt (236.1% of GDP), compared to $7.06B (38.8% of GDP) in Moldova.

Japan vs Moldova GDP by year

Japan
Moldova
1x
Year GDP, current $
Japan Moldova
2024 $4,027,597,523,551 $18,200,340,854
2023 $4,213,167,237,906 $16,711,906,746
2022 $4,262,463,317,797 $14,525,337,524
2021 $5,039,148,168,861 $13,691,869,264
2020 $5,054,068,005,376 $11,530,746,234
2019 $5,117,993,853,017 $11,736,797,055
2018 $5,040,880,939,325 $11,252,353,421
2017 $4,930,837,369,151 $9,514,404,016
2016 $5,003,677,627,544 $7,980,917,076
2015 $4,444,930,651,964 $7,797,667,197
2014 $4,896,994,405,353 $9,402,090,138
2013 $5,212,328,181,166 $9,496,717,876
2012 $6,272,362,996,105 $8,709,138,635
2011 $6,233,147,172,341 $8,414,352,020
2010 $5,759,071,769,013 $6,974,982,370
2009 $5,289,493,117,994 $5,439,434,272
2008 $5,106,679,115,127 $6,054,824,248
2007 $4,579,750,920,355 $4,401,173,152
2006 $4,601,663,122,650 $3,408,255,451
2005 $4,831,467,035,390 $2,988,342,907
2004 $4,893,116,005,657 $2,598,249,556
2003 $4,519,561,645,254 $1,980,907,435
2002 $4,182,846,045,874 $1,661,818,168
2001 $4,374,711,694,091 $1,480,673,594
2000 $4,968,359,075,957 $1,288,429,392
1999 $4,635,982,224,064 $1,170,782,957
1998 $4,098,362,709,531 $1,698,717,505
1997 $4,492,448,605,639 $1,930,081,169
1996 $4,923,391,533,852 $1,695,122,174
1995 $5,545,563,663,890 $1,752,999,370
1994 $4,998,797,547,741 $1,702,314,268
1993 $4,536,940,479,038 $2,371,813,324
1992 $3,980,702,922,118 $2,319,243,436
1991 $3,648,065,760,649 $3,094,565,871
1990 $3,185,904,656,664 $3,592,857,043
1989 $3,109,455,047,824 -
1988 $3,125,724,434,401 -
1987 $2,580,748,422,781 -
1986 $2,120,083,812,110 -
1985 $1,427,019,759,717 -
1984 $1,345,824,500,837 -
1983 $1,270,859,919,743 -
1982 $1,158,731,426,906 -
1981 $1,245,221,410,764 -
1980 $1,129,377,244,854 -
1979 $1,077,910,077,676 -
1978 $1,035,611,588,217 -
1977 $737,069,290,928 -
1976 $598,883,902,156 -
1975 $532,861,438,885 -
1974 $490,035,789,970 -
1973 $441,460,582,536 -
1972 $324,933,841,269 -
1971 $245,364,056,622 -
1970 $217,223,652,719 -
1969 $184,298,841,305 -
1968 $156,897,496,759 -
1967 $132,475,614,227 -
1966 $113,046,784,179 -
1965 $97,338,107,606 -
1964 $87,490,590,818 -
1963 $74,379,284,603 -
1962 $64,987,857,542 -
1961 $57,266,758,180 -
1960 $47,419,238,274 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/japan/moldova | CC BY

GDP per capita in Japan vs Moldova by year

Japan
GDP per capita

GDP per capita, PPP
Moldova
GDP per capita

GDP per capita, PPP
1x
Year Current $
Japan Moldova
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $32,487 $52,039 $7,576 $18,615
2023 $33,836 $50,662 $6,800 $17,747
2022 $34,066 $47,192 $5,744 $16,453
2021 $40,095 $44,355 $5,275 $15,682
2020 $40,029 $42,426 $4,376 $13,527
2019 $40,416 $42,678 $4,405 $13,413
2018 $39,751 $42,142 $4,156 $11,868
2017 $38,834 $41,444 $3,453 $11,252
2016 $39,375 $40,597 $2,847 $10,326
2015 $34,961 $40,899 $2,750 $9,198
2014 $38,475 $39,555 $3,290 $8,643
2013 $40,899 $39,402 $3,321 $8,233
2012 $49,145 $37,606 $3,045 $7,255
2011 $48,760 $36,214 $2,941 $6,833
2010 $44,968 $35,336 $2,437 $6,323
2009 $41,309 $33,543 $1,898 $5,827
2008 $39,876 $35,274 $2,111 $6,153
2007 $35,779 $35,015 $1,531 $5,590
2006 $35,992 $33,632 $1,183 $5,271
2005 $37,813 $32,170 $1,034 $4,866
2004 $38,299 $30,832 $897 $4,378
2003 $35,387 $29,392 $682 $3,960
2002 $32,821 $28,624 $571 $3,633
2001 $34,406 $27,943 $507 $3,311
2000 $39,169 $27,288 $441 $3,045
1999 $36,610 $25,736 $399 $2,910
1998 $32,424 $25,508 $579 $2,965
1997 $35,638 $25,619 $657 $3,136
1996 $39,150 $24,999 $575 $3,021
1995 $44,198 $23,858 $594 $3,146
1994 $39,934 $22,823 $574 $3,111
1993 $36,345 $22,168 $797 $4,394
1992 $31,993 $21,825 $778 $4,337
1991 $29,428 $21,227 $1,038 $5,980
1990 $25,801 $19,912 $1,207 $6,895
1989 $25,266 - - -
1988 $25,500 - - -
1987 $21,142 - - -
1986 $17,452 - - -
1985 $11,809 - - -
1984 $11,207 - - -
1983 $10,652 - - -
1982 $9,780 - - -
1981 $10,583 - - -
1980 $9,669 - - -
1979 $9,301 - - -
1978 $9,012 - - -
1977 $6,473 - - -
1976 $5,310 - - -
1975 $4,776 - - -
1974 $4,448 - - -
1973 $4,061 - - -
1972 $3,031 - - -
1971 $2,321 - - -
1970 $2,101 - - -
1969 $1,803 - - -
1968 $1,553 - - -
1967 $1,326 - - -
1966 $1,144 - - -
1965 $994 - - -
1964 $903 - - -
1963 $776 - - -
1962 $685 - - -
1961 $609 - - -
1960 $509 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/japan/moldova | CC BY

Japan's GDP per capita is $32,487, ranking 38/197, compared to $7,576 in Moldova, ranking 99/197. Adjusted for purchasing power (GDP per capita PPP), Japan ranks 41st at $52,039, while Moldova ranks 100th at $18,615.

Economic indicators

Japan Moldova
Gross domestic product
$4.03T
2024
$18.2B
2024
GDP rank
4/197
2024
134/197
2024
GDP growth
0.1%
2023-2024
0.1%
2023-2024
GDP per capita
$32,487
2024
$7,576
2024
GDP per capita rank
38/197
2024
99/197
2024
GDP per capita, PPP
$52,039
2024
$18,615
2024
GDP per capita PPP rank
41/197
2024
100/197
2024
Government debt
$9.51T
2024
$7.06B
2024
Debt-to-GDP ratio
236.1%
2024
38.8%
2024
Government debt per person
$76,704
2024
$2,938
2024
Government debt per person rank
3/185
2024
102/185
2024
Average annual personal income after taxes
$23,653
2026
$4,291
2026
Market capitalization of domestic companies
$6.31T
2024
n/a
Number of millionaires
2,732,000
2025
n/a
Number of billionaires
42
2025
n/a
Income share by richest 10%
23.9%
2020
22.8%
2023
Income share by poorest 10%
2.4%
2020
4.3%
2023
Government expenditure, % of GDP
39.1%
2024
38%
2024
Consumer prices inflation
2.74%
2023-2024
4.68%
2023-2024
Central bank interest rate
0.75%
2025
6%
2025
Unemployment rate
2.54%
2024
1.43%
2024
Population
122677250
2341166

Spending and national debt comparison by year

Japan
Spending

Debt
Moldova
Spending

Debt
1x
Year % of GDP
Japan Moldova
Government spending Government debt Government spending Government debt
2024 39.1% 236.1% 38% 38.8%
2023 39.2% 240.5% 38.8% 34.9%
2022 41.8% 248.2% 36.6% 35%
2021 42.5% 253.7% 34.6% 33.6%
2020 44.5% 258.4% 36.7% 36.6%
2019 37.3% 236.4% 32% 28.8%
2018 36.7% 232.4% 31.5% 31.8%
2017 36.7% 231.3% 31% 34.9%
2016 37.2% 232.4% 30.5% 39.7%
2015 37.3% 228.3% 31.7% 42.1%
2014 38.4% 233.3% 33.8% 35.4%
2013 38.8% 229.5% 32.4% 30%
2012 38.6% 226.1% 33.7% 31.3%
2011 38.6% 219.2% 32.6% 24.2%
2010 37.7% 205.9% 34.1% 25.5%
2009 38.7% 198.8% 45.3% 32.6%
2008 34.1% 180.9% 41.5% 22.2%
2007 33.1% 173% 42.7% 28.3%
2006 33.1% 174.1% 40.3% 35%
2005 33.5% 174.6% 37.1% 40.4%
2004 33.7% 169.5% 34.8% 49.3%
2003 35% 160% 33.5% 68.1%
2002 35.4% 154.1% 30.7% 80.3%
2001 35.2% 145.1% 29.5% 85.4%
2000 36% 135.6% 34% 89.1%
1999 35.6% 129.5% 33% 150.7%
1998 38.6% 116% 39.1% 159.4%
1997 33.1% 105% 46% 89%
1996 33.8% 98.1% 43.3% 87.5%
1995 33.4% 92.5% 42% 79.5%
1994 32.8% 84.4% - -
1993 32.1% 72.8% - -
1992 30.3% 66.8% - -
1991 29.3% 62.4% - -
1990 29.5% 63.2% - -
1989 29.2% 65.7% - -
1988 29.9% 71.9% - -
1987 30.6% 75.8% - -
1986 30.4% 74.1% - -
1985 30.4% 68.3% - -
1984 31.2% 65.6% - -
1983 31.8% 63.5% - -
1982 31.7% 57.7% - -
1981 31.5% 52.8% - -
1980 33.5% 47.8% - -
1979 33.2% 43.8% - -
1978 32.1% 39% - -
1977 30.4% 31.1% - -
1976 29.1% 26.1% - -
1975 28.5% 20.9% - -
1974 25.5% 16.7% - -
1973 23.3% 15.9% - -
1972 23.1% 16.3% - -
1971 21.8% 12.6% - -
1970 20.2% 11.2% - -
1969 19.8% 11.4% - -
1968 20.1% 11.8% - -
1967 19.9% 11.4% - -
1966 20.8% 11.2% - -
1965 20.4% 9.78% - -
1964 19.8% 8.53% - -
1963 20% 8.66% - -
1962 19.4% 9.01% - -
1961 18.2% 8.44% - -
1960 18.4% 10.4% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-02-20).

GeoRank.org/economy/japan/moldova | CC BY

In 2024, Japan's government spending was $1.57T, accounting for 39.1% of its GDP, while Moldova spent $6.91B, or 38% of GDP.

Debt-to-GDP ratio is 236.1% in Japan and 38.8% in Moldova, ranking 3/185 and 137/185, respectively.

Government deficit by year

Deficit/surplus
Japan

Moldova
1x
Year Deficit/surplus, % of GDP
Japan Moldova
2024 -1.53% -3.88%
2023 -2.26% -5.13%
2022 -4.21% -3.24%
2021 -6.13% -2.62%
2020 -9.08% -5.32%
2019 -3.04% -1.47%
2018 -2.47% -0.85%
2017 -3.1% -0.65%
2016 -3.6% -1.56%
2015 -3.68% -1.93%
2014 -5.62% -1.6%
2013 -7.61% -1.57%
2012 -8.2% -1.93%
2011 -8.99% -2.05%
2010 -9.08% -2.18%
2009 -9.69% -6.38%
2008 -4.11% -0.87%
2007 -2.9% 0.15%
2006 -3.03% -0.42%
2005 -4.44% 1.44%
2004 -5.31% 0.59%
2003 -7.43% 0.47%
2002 -7.34% -1.18%
2001 -6.2% -0.34%
2000 -7.28% -3.55%
1999 -6.75% -2.64%
1998 -10% -1.52%
1997 -3.53% -7.47%
1996 -4.87% -7.42%
1995 -4.3% -2.58%
1994 -3.76% -
1993 -2.39% -
1992 0.57% -
1991 1.67% -
1990 1.96% -
1989 1.23% -
1988 0.49% -
1987 -0.36% -
1986 -1.36% -
1985 -1.37% -
1984 -2.62% -
1983 -3.95% -
1982 -3.81% -
1981 -3.85% -
1980 -4.66% -
1979 -5% -
1978 -5.79% -
1977 -4.02% -
1976 -3.89% -
1975 -2.92% -
1974 0.38% -
1973 0.56% -
1972 -0.13% -
1971 1.21% -
1970 1.74% -
1969 1.26% -
1968 0.88% -
1967 0.8% -
1966 -0.34% -
1965 0.48% -
1964 0.85% -
1963 1.08% -
1962 1.49% -
1961 2.58% -
1960 1.85% -
1959 0.97% -
1958 -0.1% -
1957 1.27% -
1956 1.39% -
1955 -0.67% -
1954 0.7% -
1953 1.65% -
1952 2.22% -
1951 5.06% -
1950 6.99% -
1949 12.5% -
1948 7.53% -
1947 6.09% -
1946 - -
1945 - -
1944 - -
1943 0.32% -
1942 -0.13% -
1941 -0.19% -
1940 0.31% -
1939 0.11% -
1938 0.45% -
1937 0.71% -
1936 0.34% -
1935 0.26% -
1934 0.34% -
1933 0.28% -
1932 0.31% -
1931 0.23% -
1930 0.19% -
1929 0.5% -
1928 0.42% -
1927 0.58% -
1926 0.65% -
1925 0.75% -
1924 0.84% -
1923 0.87% -
1922 0.89% -
1921 1.43% -
1920 1.19% -
1919 1.21% -
1918 1.58% -
1917 1.54% -
1916 1.37% -
1915 1.41% -
1914 1.31% -
1913 1.21% -
1912 1.27% -
1911 1.21% -
1910 1.57% -
1909 1.51% -
1908 1.63% -
1907 1.77% -
1906 0.46% -
1905 -0.68% -
1904 -0.81% -
1903 0.19% -
1902 0.44% -
1901 0.21% -
1900 0.53% -
1899 0.2% -
1898 0.6% -
1897 0.33% -
1896 0.88% -
1895 0.28% -
1894 -0.24% -
1893 0.6% -
1892 0.63% -
1891 0.61% -
1890 0.74% -
1889 0.18% -
1888 0.13% -
1887 0.11% -
1886 0.03% -
1885 0.01% -
1884 0.001% -
1883 0.03% -
1882 0.001% -
1881 0.001% -
1880 0.004% -
1879 0.02% -
1878 0.02% -
1877 -0.29% -
1876 -0.42% -
1875 0.005% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1875–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/japan/moldova | CC BY

In 2024, Japan's government deficit, the difference between spending and revenue, was $61.6B, equivalent to 1.53% of GDP. This compares to Moldova's deficit of $707M, or 3.88% of GDP.

Over the past 30 years, Japan recorded a fiscal deficit in 30 of those years, while Moldova ran a deficit in 26 years. On average, Japan posted an annual deficit equal to 5.53% of GDP, compared to deficit of 2.26% of GDP for Moldova.

Inflation comparison by year

Inflation
Japan

Moldova
1x
Year Consumer prices inflation
Japan Moldova
2024 2.74% 4.68%
2023 3.27% 13.4%
2022 2.5% 28.7%
2021 -0.23% 5.11%
2020 -0.02% 3.77%
2019 0.47% 4.84%
2018 0.99% 3.05%
2017 0.48% 6.57%
2016 -0.13% 6.36%
2015 0.8% 9.68%
2014 2.76% 5.09%
2013 0.34% 4.6%
2012 -0.04% 4.55%
2011 -0.27% 7.69%
2010 -0.73% 7.48%
2009 -1.35% -0.06%
2008 1.38% 12.8%
2007 0.06% 12.4%
2006 0.25% 12.8%
2005 -0.28% 12%
2004 -0.009% 12.5%
2003 -0.26% 11.7%
2002 -0.92% 5.3%
2001 -0.74% 9.76%
2000 -0.68% 31.3%
1999 -0.34% 39.3%
1998 0.66% 7.7%
1997 1.75% 11.8%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/japan/moldova | CC BY

Over the past 28 years, Japan has recorded an average annual inflation rate of 0.44%, compared with 10.5% in Moldova. In 2024, inflation was 2.74% in Japan and 4.68% in Moldova.

Top exports between countries

Japan
Export category Export value
Machinery & equipment $13.9M
Miscellaneous $648K
Textiles & consumer goods $370K
Chemicals & pharma $298K
Raw materials & minerals $295K
Processed food, beverages & tobacco $101K
Metals $50K
Precious metals & jewellery $27K
Raw agricultural goods $9K
Wood & paper products $9K
Moldova
Export category Export value
Precious metals & jewellery $1.57M
Chemicals & pharma $1.48M
Processed food, beverages & tobacco $1.03M
Textiles & consumer goods $597K
Machinery & equipment $56K
Wood & paper products $16K
Miscellaneous $10K
Raw agricultural goods $4K
Metals $3K
Animal & marine products $2K

Balance of trade

Japan Moldova
Current account balance
$194B
2024
-$3.01B
2024
Current account balance ranking
3/190
2024
156/190
2024
Current account balance, % of GDP
+4.82%
2024
-16.6%
2024
Goods imports
$719B
2024
$8.63B
2024
Goods exports
$694B
2024
$3.01B
2024
Service imports
$246B
2024
$1.8B
2024
Service exports
$228B
2024
$2.73B
2024
Imports of goods and services, % of GDP
23.6%
2024
57.3%
2024
Exports of goods and services, % of GDP
22.8%
2024
31.4%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Japan Moldova
Economic freedom 70.3 58.1
Economic freedom ranking 36/197 112/197
Property rights 94.2 40.4
Government integrity 81.1 45.1
Judicial effectiveness 97.9 32.4
Tax burden 63 87.9
Government spending 52 57.2
Fiscal health 41.7 70.3
Business freedom 77.8 68.3
Labor freedom 65.9 48.1
Monetary freedom 74.3 66
Trade freedom 76.2 76.8
Investment freedom 60 55
Financial freedom 60 50

Economic freedom comparison by year

Japan
Moldova
1x
Year Economic freedom index
Japan Moldova
2026 70.3 58.1
2025 70.2 58.3
2024 67.5 57.1
2023 69.3 58.5
2022 69.9 61.3
2021 74.1 62.5
2020 73.3 62
2019 72.1 59.1
2018 72.3 58.4
2017 69.6 58
2016 73.1 57.4
2015 73.3 57.5
2014 72.4 57.3
2013 71.8 55.5
2012 71.6 54.4
2011 72.8 55.7
2010 72.9 53.7
2009 72.8 54.9
2008 73 57.9
2007 72.7 58.7
2006 73.3 58
2005 67.3 57.4
2004 64.3 57.1
2003 67.6 60
2002 66.7 57.4
2001 70.9 54.9
2000 70.7 59.6
1999 69.1 56.1
1998 70.2 53.5
1997 70.3 48.9
1996 72.6 52.5
1995 75 33

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/japan/moldova | CC BY

The Economic Freedom Index for Japan is 70.3, ranking 36/197, compared to 58.1 for Moldova, ranking 112/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Japan Moldova
Services, % of GDP
69.8%
2023
62.3%
2024
Industry, % of GDP
28.6%
2023
16.8%
2024
Agriculture, forestry, and fishing, % of GDP
0.94%
2023
7.11%
2024
GNI, Atlas method
$4.46T
2024
$16.5B
2024
GNI per capita, PPP
$55,490
2024
$18,710
2024
Total reserves including gold
$1.23T
2024
$5.48B
2024
Total reserves ranking
2/177
2024
96/177
2024
Net foreign direct investment
$191B
2024
-$360M
2024
Net inflows of foreign direct investment
$16.2B
2024
$458M
2024
Net outflows of foreign direct investment
$203B
2024
$98.4M
2024
Servicing debt to the IMF, % of GNI n/a
6.22%
2024
Poverty at national poverty lines
16.1%
2020
31.6%
2023
Gross capital formation, % of GDP
26.2%
2024
21.1%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/japan/moldova | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1875–1989, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2022–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.