third-largest economy fourth-largest economy PPP Japan's labor force eighth-largest low unemployment rate Its poverty rate public debt Japanese yen reserve currency G7 Japanese
Japan has the world's third-largest economy by nominal GDP, after that of the United States and China; and the fourth-largest economy by PPP. As of 2021, Japan's labor force is the world's eighth-largest, consisting of over 68.6 million workers. As of 2021, Japan has a low unemployment rate of around 2.8%. Its poverty rate is the second highest among the G7 nations, and exceeds 15.7% of the population. Japan has the highest ratio of public debt to GDP among advanced economies, with national debt estimated at 248% relative to GDP as of 2022. The Japanese yen is the world's third-largest reserve currency after the US dollar and the euro.
