S. Korea, Taiwan expected to top Japan in GDP per capita in 2027, 2028

Japan’s gross domestic product per capita will fall behind that of South Korea in 2027 and Taiwan in 2028, according to a recent projection by a Tokyo-based research institute, citing long-term low productivity on the back of slow progress in digitalization of the world’s third-largest economy. The inflation-unadjusted nominal GDP, the total value of goods and services produced in the nation, per person is projected at $46,519 in South Korea in 2027 and $47,305 in Taiwan in 2028, compared to the $45,607 and $46,443 forecast for Japan in the respective years, according to estimates released las…

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