What was Japan's economy like in 1960?

In 1960, Japan had an economy that was only 10% of the size of the United States. But in just a decade, Japan would see sustained real GDP growth – often in the double digits each year – that allowed the country to rocket past both the United Kingdom and France to become the world’s second-largest economy.

When did Japan become the world's second-largest economy?

But in just a decade, Japan would see sustained real GDP growth – often in the double digits each year – that allowed the country to rocket past both the United Kingdom and France to become the world’s second-largest economy. It would hold this title consecutively between 1972 and 2010, until it was supplanted by another Asian economic miracle.

Which country has the largest economy in the world?

While the United States has consistently had the world's largest economy for some time, in the last fifty years the world has seen the rapid rise and fall in relative terms of the economies of other countries while the share of the United States has also fluctuated. United States 26,936.600 China 17.7 trillion usd Germany 4.806 trillion usd