South Korea surpasses Japan's per capita GDP in 2022 and 2023

Japan retreats to record-low 22nd place among OECD economies

20241223N Marunouchi commuters

The weak yen is weighing on Japan's GDP in dollar terms.(Photo by Satoko Kawasaki) 

HATSUKI SATO, Nikkei staff writer

TOKYO -- South Korea outstripped Japan in per capita gross domestic product for the first time ever in 2022, new data from Tokyo shows, a reversal caused by Japan's weak yen and aging population.

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