Japan's taxes less subsidies on products (current LCU) was 3.66 trillion in 2024, the latest year in the World Bank's World Development Indicators. That is up 0.72% from 3.64 trillion in 2014 (0.07% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 3.66 trillion | 2024 |
| Five years earlier | 1.89 trillion | 2019 |
| Ten years earlier | 3.64 trillion | 2014 |
| Highest | 5 trillion | 2022 |
| Lowest | -187.7 billion | 1998 |
| Average since 2015 | 2.66 trillion | 2015–2024 |
| First recorded | 405.86 billion |
What the numbers say
In 2024, Japan's taxes less subsidies on products (current LCU) fell 190.4 billion on 2023 (from 3.85 trillion to 3.66 trillion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +109.8 billion and a typical year strayed about 751.28 billion from that (the standard deviation). This year's change was 0.4 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 2.55 trillion in 2022 and the biggest yearly fall was 1.17 trillion in 2016. 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 the straight-line trend is upward, about 236.49 billion a year. A straight line explains 36% of the movement over 10 observed years.
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 3rd highest value of the 31 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 31: 7,193.77 trillion
- Lebanon — 2nd of 31: 1,408.46 trillion
- Togo — 4th of 31: 586.46 billion
- Israel — 5th of 31: 173.4 billion
- Hong Kong SAR, China — 6th of 31: 83.34 billion
What this measures
Taxes less subsidies on products are taxes payable per unit of a good or service. 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 55 values
| Year | Taxes less subsidies on products (current LCU) |
|---|---|
| 2024 | 3,662,000,000,000 |
| 2023 | 3,852,400,000,000 |
| 2022 | 4,998,900,000,000 |
| 2021 | 2,450,600,000,000 |
| 2020 | 1,063,100,000,000 |
| 2019 | 1,887,000,000,000 |
| 2018 | 2,376,900,000,000 |
| 2017 | 2,147,900,000,000 |
| 2016 | 1,503,200,000,000 |
| 2015 | 2,670,500,000,000 |
Taxes less subsidies on products (current LCU) in nearby economies
- Australia — 177.87 billion (2025)
- Brunei Darussalam — -279.94 million (2025)
- Cambodia — 11.88 trillion (2025)
- Fiji — 2.15 billion (2025)
- French Polynesia — 79.03 billion (2020)
- Hong Kong SAR, China — 83.34 billion (2024)
- Indonesia — 1,012.64 trillion (2025)
- Kiribati — -10.45 million (2024)
- Korea, Rep. — 185.85 trillion (2025)
- Lao PDR
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 taxes less subsidies on products (current LCU)?
- 3.66 trillion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1970?
- It is up 802.29% from 405.86 billion in 1970 (4.16% a year on average, compounded). The highest value was 5 trillion in 2022 and the lowest -187.7 billion in 1998.
- How does Japan rank?
- 3rd highest of 31 economies with data for 2024.
- Is the latest change in taxes less subsidies on products (current LCU) unusual for Japan?
- In 2024, Japan's taxes less subsidies on products (current LCU) fell 190.4 billion on 2023 (from 3.85 trillion to 3.66 trillion). Across the 30 yearly changes before that (1994 to 2023), the average change was +109.8 billion and a typical year strayed about 751.28 billion from that (the standard deviation). This year's change was 0.4 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 NY.TAX.NIND.CN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); 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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