Liquid liabilities to GDP (%) in Japan
Japan: Liquid liabilities to GDP (%) was 287.9% in 2021. ▲ Rising
Liquid liabilities to GDP in Japan, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
In 2021, liquid liabilities to gdp in Japan stood at 287.9%. That is the highest value across all 62 years on record.
The figure is up 2.6% on the previous year and up 39.0% over ten years.
Over the whole period, liquid liabilities to gdp in Japan peaked at 287.9% in 2021 and was at its lowest, 48.5%, in 1961.
Japan ranks 3rd of 186 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 62 years of available data.
Liquid liabilities to GDP (%) in Japan, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 50.7% | — |
| 1961 | 48.5% | -4.2% |
| 1962 | 68.9% | +41.9% |
| 1963 | 74.6% | +8.3% |
| 1964 | 73.1% | -2.0% |
| 1965 | 77.6% | +6.1% |
| 1966 | 77.6% | +0.1% |
| 1967 | 76.5% | -1.4% |
| 1968 | 74.2% | -3.0% |
| 1969 | 74.8% | +0.9% |
| 1970 | 101.5% | +35.6% |
| 1971 | 114.5% | +12.9% |
| 1972 | 125.0% | +9.2% |
| 1973 | 122.1% | -2.3% |
| 1974 | 116.8% | -4.4% |
| 1975 | 123.6% | +5.9% |
| 1976 | 127.1% | +2.9% |
| 1977 | 129.7% | +2.1% |
| 1978 | 134.8% | +3.9% |
| 1979 | 138.2% | +2.6% |
| 1980 | 139.8% | +1.1% |
| 1981 | 145.7% | +4.2% |
| 1982 | 151.5% | +4.0% |
| 1983 | 157.3% | +3.8% |
| 1984 | 160.0% | +1.7% |
| 1985 | 163.3% | +2.1% |
| 1986 | 169.8% | +4.0% |
| 1987 | 177.7% | +4.6% |
| 1988 | 180.4% | +1.5% |
| 1989 | 187.0% | +3.7% |
| 1990 | 185.6% | -0.7% |
| 1991 | 184.1% | -0.8% |
| 1992 | 185.4% | +0.7% |
| 1993 | 193.5% | +4.4% |
| 1994 | 195.5% | +1.0% |
| 1995 | 199.4% | +2.0% |
| 1996 | 201.7% | +1.1% |
| 1997 | 209.7% | +4.0% |
| 1998 | 219.9% | +4.9% |
| 1999 | 229.1% | +4.2% |
| 2000 | 229.7% | +0.3% |
| 2001 | 187.9% | -18.2% |
| 2002 | 192.6% | +2.5% |
| 2003 | 192.8% | +0.1% |
| 2004 | 192.7% | -0.0% |
| 2005 | 191.5% | -0.6% |
| 2006 | 190.6% | -0.5% |
| 2007 | 191.0% | +0.2% |
| 2008 | 195.1% | +2.2% |
| 2009 | 198.0% | +1.5% |
| 2010 | 197.7% | -0.1% |
| 2011 | 207.1% | +4.7% |
| 2012 | 209.8% | +1.3% |
| 2013 | 214.3% | +2.1% |
| 2014 | 215.9% | +0.7% |
| 2015 | 213.7% | -1.0% |
| 2016 | 216.8% | +1.4% |
| 2017 | 244.1% | +12.6% |
| 2018 | 248.1% | +1.6% |
| 2019 | 252.5% | +1.8% |
| 2020 | 280.7% | +11.2% |
| 2021 | 287.9% | +2.6% |
Japan compared with similar countries
- Japan's 287.9% is above the median for high income countries, which is 96.0%, 3.0× the median. (61 countries reporting)
- Japan's 287.9% is above the median for East Asia & Pacific, which is 89.6%, 3.2× the median. (26 countries reporting)
Biggest year-on-year movements
Years where Liquid liabilities to GDP (%) in Japan changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1962 | +41.9% | 48.5% | 68.9% |
| 1970 | +35.6% | 74.8% | 101.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 69.7% | 48.5% | 77.6% | 10 |
| 1970s | 123.3% | 101.5% | 138.2% | 10 |
| 1980s | 163.2% | 139.8% | 187.0% | 10 |
| 1990s | 200.4% | 184.1% | 229.1% | 10 |
| 2000s | 196.2% | 187.9% | 229.7% | 10 |
| 2010s | 222.0% | 197.7% | 252.5% | 10 |
| 2020s | 284.3% | 280.7% | 287.9% | 2 |
Countries ranked near Japan
More financial sector data for Japan
- Reserve position in the IMF, US dollar, annual growth rate 10.42 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0025 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 91.29 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 5.15 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0019 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 66.66 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 10.42 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0025 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 91.29 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 5.15 % change on previous year (2025)
Frequently asked questions
- What is liquid liabilities to gdp in Japan?
- Liquid liabilities to gdp in Japan was 287.9% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest liquid liabilities to gdp recorded in Japan?
- The highest recorded value was 287.9% in 2021.
- What is the lowest liquid liabilities to gdp recorded in Japan?
- The lowest recorded value was 48.5% in 1961.
- How does Japan rank for liquid liabilities to gdp?
- Japan ranks 3rd out of 186 countries with data for 2021.
- Is liquid liabilities to gdp rising or falling in Japan?
- Over the last ten years it is up 39.0%. The long-run trend across the full record is rising.
- Where does this Japan data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Liquid liabilities to GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 62 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Ratio of liquid liabilities to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is liquid liabilities, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF's International Financial Statistics. Liquid liabilities (IFS lines 55L or, if not available, line 35L); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF) For Eurocurrency area countries liquid liabilities are estimated by summing IFS items 34A, 34B and 35.