Japan vs Norway: Economic Indicators Comparison

Japan with a GDP of $5T ranked the 3rd largest economy in the world, while Norway ranked 30th with $434.2B. By GDP 5-years average growth and GDP per capita, Japan and Norway ranked 152nd vs 142nd and 28th vs 5th, respectively.

Gross Domestic Product & Income

Stat	Japan	Norway
GDP	$5T	$434.2B
GDP growth, 1 year	0.8%	1.4%
GDP growth, 5-years average	1%	1.7%
Population	126.8M	5.4M
GDP per capita	$39k	$82k
GDP per capita growth	0.99%	0.58%
Purchasing Power Parity conversion factor	101.37	10.14
Price level ratio of PPP conversion factor GDP to market exchange rate	0.92	1.25
GDP per capita, PPP adjusted	$44k	$74k
GNI, Atlas method	$5.2T	$428.4B
GNI per capita	$41k	$81k
GNI, PPP adjusted	$5.6T	$363B
GNI per capita, PPP adjusted	$44k	$68k

Financial system and Human development

Stat	Japan	Norway
Income Tax Rate	40.8%	47.8%
Corporate Tax Rate	23.9%	22%
Inflation, consumer prices	1%	2.8%
Inflation, GDP deflator	-0.1%	5.8%
Unemployment	2.5%	3.9%
Economic Freedom Index	73.3	73.4
Personal Freedom Index	8.83	9.55
Human Freedom Index	8.31	8.61
Property Rights Index	86.6	84.3
Judical Effectiveness Index	71.4	82.8
Business Freedom Index	81.4	86.1
Fiscal Health Index	62	97.3
Labor Freedom Index	78.7	57.4
Investment Freedom Index	70	75
Financial Freedom Index	60	60
Trade Freedom Index	80	83.8
Monetary Freedom Index	84.4	74.8
Government Spending Index	55.8	25.6
Tax Burden Index	68.3	57.7
Government Integrity Index	80.5	95.6
Corruption Perceptions Index	73	84
Life expectancy at birth, years	84.1	82.5
Suicide mortality rate, per 100,000 people	18.5	12.2
Mortality caused by road traffic injury, per 100,000 people	4.1	2.7
Intentional homicides, per 100,000 people	0.2	0.5
International tourism, number of arrivals	31.2M	5.7M

Government debt & reserves

Stat	Japan	Norway
Central government debt, % of GDP	237.1%	36.8%
External debt stocks, % of GNI	N/A	N/A
External debt stocks	N/A	N/A
Short-term debt, % of total reserves	N/A	N/A
Total debt service, % of exports and primary income	N/A	N/A
Adjusted net savings including particulate emission damage, % of GNI	7.3%	16.9%
Gross savings, % of GDP	28%	35.9%
Gross capital formation, % of GDP	24.4%	27.3%
Total reserves including gold	$1.3T	$63.1B
Foreign direct investment net inflows	$25.9B	-$17.4B

Exports, imports and economic structure

Stat	Japan	Norway
Exports of goods and services, % of GDP	18.4%	38.4%
Imports of goods and services, % of GDP	18.2%	32.6%
Current account balance (balance of payments)	$174.7B	$31.4B
Revenue excluding grants, % of GDP	12.8%	47.4%
Grants excluding technical cooperation, BoP	N/A	N/A
Personal remittances received	$4.4B	$644.3M
Industry including construction value added, % of GDP	29.1%	32%
Agriculture, forestry and fishing value added, % of GDP	1.2%	1.9%
Charges for the use of intellectual property, payments BoP	$21.7B	$768.9M
Charges for the use of intellectual property, receipts BoP	$45.5B	$515.2M
Expense, % of GDP	16.4%	37.7%
Government Expenditure, % of GDP	38.4%	49.8%