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Country vs country: Japan and United States compared: Economy > Currency stats

Definitions

  • DEC alternative conversion factor > LCU per US$: The DEC alternative conversion factor is the underlying annual exchange rate used for the World Bank Atlas method. As a rule, it is the official exchange rate reported in the IMF's International Financial Statistics (line rf). Exceptions arise where further refinements are made by World Bank staff. It is expressed in local currency units per U.S. dollar.
  • GDP > Constant 2000 US$: GDP (constant 2000 US$). GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant 2005 U.S. dollars. Dollar figures for GDP are converted from domestic currencies using 2000 official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.
  • GDP > Constant 2000 US$ per capita: GDP (constant 2000 US$). GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant 2005 U.S. dollars. Dollar figures for GDP are converted from domestic currencies using 2000 official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. Figures expressed per capita for the same year.
  • Monetary unit: Country currency.
  • Official exchange rate > LCU per US$ > Period average: Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. It is calculated as an annual average based on monthly averages (local currency units relative to the U.S. dollar).
  • Official exchange rate > LCU per US$, period average: Official exchange rate (LCU per US$, period average). Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. It is calculated as an annual average based on monthly averages (local currency units relative to the U.S. dollar).
  • PPP conversion factor > GDP to market exchange rate ratio: PPP conversion factor (GDP) to market exchange rate ratio. Purchasing power parity conversion factor is the number of units of a country's currency required to buy the same amount of goods and services in the domestic market as a U.S. dollar would buy in the United States. The ratio of PPP conversion factor to market exchange rate is the result obtained by dividing the PPP conversion factor by the market exchange rate. The ratio, also referred to as the national price level, makes it possible to compare the cost of the bundle of goods that make up gross domestic product (GDP) across countries. It tells how many dollars are needed to buy a dollar's worth of goods in the country as compared to the United States.
  • PPP conversion factor to official exchange rate ratio: Purchasing power parity conversion factor is the number of units of a country's currency required to buy the same amount of goods and services in the domestic market as a U.S. dollar would buy in the United States. Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. It is calculated as an annual average based on monthly averages (local currency units relative to the U.S. dollar). The ratio of the PPP conversion factor to the official exchange rate (also referred to as the national price level) makes it possible to compare the cost of the bundle of goods that make up gross domestic product (GDP) across countries. It tells how many dollars are needed to buy a dollar's worth of goods in the country as compared to the United States.
  • Prices and interest rates > Long-term interest rates > Long-term interest rates: These interest rates refer to government bonds with a residual maturity of about ten years. They are not the interest rates at which the loans were issued, but the interest rates implied by the prices at which the bonds are traded on financial markets. For example if a bond was initially bought for 100 with an interest rate of 9%, but the bond is now trading at 90, the interest rate has risen to 10% ([9/90] x 100).
  • Purchasing power and exchange rates > Rates of conversion > Exchange rates: PPPs are currency converters that equalise price levels between countries. The PPPs shown here have been calculated by comparing the prices in OECD countries of a common basket of about 2 500 goods and services. Countries are not required to price all the items in the common basket because some of the items may be hard to find in certain countries, but the common basket has been drawn up in such a way that each country can find prices for a wide range of the goods and services that are representative of their markets.

    The goods and services to be priced cover all those that enter into final expenditure – household consumption, government services, capital formation and net exports. Prices for the different items are weighted by their shares in total final expenditures to obtain the GDP PPPs shown here.
  • Purchasing power and exchange rates > Rates of conversion > Purchasing power parities: PPPs are currency converters that equalise price levels between countries. The PPPs shown here have been calculated by comparing the prices in OECD countries of a common basket of about 2 500 goods and services. Countries are not required to price all the items in the common basket because some of the items may be hard to find in certain countries, but the common basket has been drawn up in such a way that each country can find prices for a wide range of the goods and services that are representative of their markets.

    The goods and services to be priced cover all those that enter into final expenditure – household consumption, government services, capital formation and net exports. Prices for the different items are weighted by their shares in total final expenditures to obtain the GDP PPPs shown here.
  • Real effective exchange rate index: Real effective exchange rate is the nominal effective exchange rate (a measure of the value of a currency against a weighted average of several foreign currencies) divided by a price deflator or index of costs.
    2000 = 100
  • Real effective exchange rate index > 2005 = 100: Real effective exchange rate index (2005 = 100). Real effective exchange rate is the nominal effective exchange rate (a measure of the value of a currency against a weighted average of several foreign currencies) divided by a price deflator or index of costs.
  • SandP/EMDB indexes > Annual % change: S&P;/EMDB indexes measure the U.S. dollar price change in the stock markets covered by the S&P;/IFCI and S&P;/IFCG country indexes.
  • Terms of trade since 1995: Net barter terms of trade (1995 = 100). Net barter terms of trade are the ratio of the export price index to the corresponding import price index measured relative to the base year 1995.
STAT Japan United States HISTORY
DEC alternative conversion factor > LCU per US$ 110.22 1
GDP > Constant 2000 US$ $4.71 trillion
Ranked 3rd.
$14.23 trillion
Ranked 2nd. 3 times more than Japan

GDP > Constant 2000 US$ per capita $36,938.01
Ranked 18th.
$45,335.90
Ranked 10th. 23% more than Japan

Monetary unit yen 1 US dollar = 100 cents
Official exchange rate > LCU per US$ > Period average 116.3 1
Official exchange rate > LCU per US$, period average $79.79
Ranked 59th. 80 times more than United States
$1.00
Ranked 147th.

PPP conversion factor > GDP to market exchange rate ratio 1.33
Ranked 6th. 33% more than United States
1
Ranked 22nd.

PPP conversion factor to official exchange rate ratio 1.13
Ranked 13th. 13% more than United States
1
Ranked 24th.

Prices and interest rates > Long-term interest rates > Long-term interest rates 1.67%
Ranked 27th.
4.63%
Ranked 9th. 3 times more than Japan
Purchasing power and exchange rates > Rates of conversion > Exchange rates $117.75 National currency units p
Ranked 3rd. 118 times more than United States
$1.00 National currency units p
Ranked 17th.
Purchasing power and exchange rates > Rates of conversion > Purchasing power parities $120.14 National currency units p
Ranked 3rd. 120 times more than United States
$1.00 National currency units p
Ranked 16th.
Real effective exchange rate index 79.39%
Ranked 85th.
92.75%
Ranked 64th. 17% more than Japan

Real effective exchange rate index > 2005 = 100 103.24
Ranked 44th. 15% more than United States
89.58
Ranked 88th.

SandP/EMDB indexes > Annual % change 5.91 annual % change
Ranked 45th.
13.62 annual % change
Ranked 35th. 2 times more than Japan

Terms of trade since 1995 103.16
Ranked 39th. 3% more than United States
100.53
Ranked 47th.

SOURCES: World Development Indicators database; World Bank national accounts data; World Bank national accounts data. Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.; British Broadcasting Corporation 2014; International Monetary Fund, International Financial Statistics. World Bank World Development Indicators.; World Bank, International Comparison Program database.; OECD Country statistical profiles 2009; The World Bank Group

Citation

"Economy > Currency: Japan and United States compared", NationMaster. Retrieved from http://www.nationmaster.com/country-info/compare/Japan/United-States/Economy/Currency