Japan's manufacturing, value added (current LCU) was 119.35 trillion in 2024, the latest year in the World Bank's World Development Indicators. That is up 16.42% from 102.51 trillion in 2014 (1.53% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 119.35 trillion | 2024 |
| Five years earlier | 114.67 trillion | 2019 |
| Ten years earlier | 102.51 trillion | 2014 |
| Highest | 129.09 trillion | 1997 |
| Lowest | 95.16 trillion | 2009 |
| Average since 2015 | 113.77 trillion | 2015–2024 |
| First recorded | 122.04 trillion |
What the numbers say
In 2024, Japan's manufacturing, value added (current LCU) fell 0.6% on 2023 (from 120.05 trillion to 119.35 trillion).
Across the 29 yearly changes before that (1995 to 2023), the average change was +0.1% and a typical year strayed about 5.3% from that (the standard deviation). This year's change was 0.1 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 11.9% in 2010 and the biggest yearly fall was 16.2% in 2009. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 there is no clear straight-line trend: a straight line explains 30% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Japan had the 2nd highest value of the 45 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Japan in the 2024 ranking
- Iran, Islamic Rep. — 1st of 45: 44,316.8 trillion
- Madagascar — 3rd of 45: 10.45 trillion
- Türkiye — 4th of 45: 7.51 trillion
- Algeria — 5th of 45: 3.41 trillion
What this measures
Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 31 values
| Year | Manufacturing, value added (current LCU) |
|---|---|
| 2024 | 119,345,100,000,000 |
| 2023 | 120,054,300,000,000 |
| 2022 | 110,100,200,000,000 |
| 2021 | 112,857,500,000,000 |
| 2020 | 109,616,000,000,000 |
| 2019 | 114,674,700,000,000 |
| 2018 | 115,711,400,000,000 |
| 2017 | 113,837,200,000,000 |
| 2016 | 111,348,500,000,000 |
| 2015 | 110,179,600,000,000 |
Manufacturing, value added (current LCU) in nearby economies
- Australia — 147.76 billion (2025)
- Brunei Darussalam — 1.95 billion (2025)
- Cambodia — 59.72 trillion (2025)
- China — 34.67 trillion (2025)
- Fiji — 1.3 billion (2025)
- French Polynesia — 27.61 billion (2020)
- Hong Kong SAR, China — 29.78 billion (2024)
- Indonesia — 4,541.52 trillion (2025)
- Kiribati — 22.07 million (2024)
- Korea, Rep. — 730.46 trillion (2025)
More economic policy & debt data for Japan
- Total reserves, including gold (current US$) — US$1.37 trillion (2025)
- Total reserves, excluding gold (current US$) — US$1.25 trillion (2025)
- GDP (current US$) — US$4.44 trillion (2025)
- GDP (current LCU) — 663.76 trillion (2025)
- GDP (constant 2015 US$) — US$4.76 trillion (2025)
- GDP (constant LCU) — 591.22 trillion (2025)
- GDP per capita (current US$) — US$35,951 (2025)
- GDP per capita (current LCU) — 5.38 million (2025)
- GDP per capita (constant 2015 US$) — US$38,619 (2025)
- GDP per capita (constant LCU) — 4.79 million (2025)
- GNI (current US$)
Reading data like this
Questions people ask
- What is Japan's manufacturing, value added (current LCU)?
- 119.35 trillion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1994?
- It is down 2.21% from 122.04 trillion in 1994 (0.07% a year on average, compounded). The highest value was 129.09 trillion in 1997 and the lowest 95.16 trillion in 2009.
- How does Japan rank?
- 2nd highest of 45 economies with data for 2024.
- Is the latest change in manufacturing, value added (current LCU) unusual for Japan?
- In 2024, Japan's manufacturing, value added (current LCU) fell 0.6% on 2023 (from 120.05 trillion to 119.35 trillion). Across the 29 yearly changes before that (1995 to 2023), the average change was +0.1% and a typical year strayed about 5.3% from that (the standard deviation). This year's change was 0.1 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NV.IND.MANF.CN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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