Per-capita GDP ranks 14th in OECD

Kyodo

Japan’s per-capita gross domestic product in 2011 amounted to $46,192, putting the country in 14th place among the member nations of the Organization for Economic Cooperation and Development, the government said.

Bolstered by the yen’s strength, the dollar-quoted number broke the record for the second consecutive year, the Cabinet Office said Tuesday.

In yen terms, the per-capita GDP slipped 2.3 percent from the previous year to ¥3.681 million, affected by deflation and slower production resulting from the aftereffects of the March 2011 earthquake and tsunami, it said. The dollar averaged ¥79.81 in 2011, sharply down from the previous year’s ¥87.78.

Luxembourg placed first in terms of per-capita GDP, with $114,081. Among other OECD members, the United States ranked 12th with $48,043 and South Korea 25th with $22,424.

The per-capita GDP of China, which is not an OECD member, stood at $5,445.