Activity 2.

2: Data of Macroeconomics: Going Global Econ 101

Score:
Population ages 65 and above
Measure: percent
Source: United Nations Population Division
Definition: Population ages 65 and above as a percentage of the total population. Population
is based on the de facto definition of population, which counts all residents regardless of legal
status or citizenship.
2019 Japan = 28 percent

2019 USA = 16.21 percent

Age dependency ratio

Measure: percent
Source: The World Bank
Definition: Age dependency ratio is the ratio of dependents--people younger than 15 or older
than 64--to the working-age population--those ages 15-64. Data are shown as the proportion
of dependents per 100 working-age population.
2019 Japan = 68.28 percent

2019 USA = 53.28 percent

Personal Income Tax

Measure: percent
Source: KPMG

Definition: The highest statutory marginal tax rate applied to the taxable income of
individuals. Please visit the KPMG personal tax rate page for further information on the
country level.

2019 Japan = 56 percent

2019 USA = 37 percent

Economic growth: the rate of change of real GDP

2019 Japan = 0.65 percent

2019 USA = 2.23 percent

Measure: percent
Source: The World Bank
Activity 2.2: Data of Macroeconomics: Going Global Econ 101

Definition: Annual percentage growth rate of GDP at market prices based on constant local
currency. Aggregates are based on constant 2010 U.S. dollars. GDP 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.

GDP per capita, current U.S. dollars

2019 Japan = 40,246.88 dollars

2019 USA = 65,280.68 dollars

Measure: U.S. dollars
Source: The World Bank
Definition: GDP per capita is gross domestic product divided by midyear population. GDP 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 current U.S. dollars.
Unemployment rate
Year Japan USA
2019 2.29 3.68

2019 Japan = 2.29 percent

2019 USA = 3.68 percent

Measure: percent
Source: The World Bank
Definition: Unemployment refers to the share of the labor force that is without work but
available for and seeking employment.
Labor force participation rate
2019 Japan = 61.73 percent

2019 USA = 62.05 percent

Measure: percent
Source: The World Bank
Definition: Labor force participation rate is the proportion of the population ages 15 and older
that is economically active: all people who supply labor for the production of goods and
services during a specified period.
Activity 2.2: Data of Macroeconomics: Going Global Econ 101
Activity 2.2: Data of Macroeconomics: Going Global Econ 101

Economic Competitiveness

Resource Abundance

Development and Growth