The GDP of Japan is $4.38 trillion ranking it #2 in the world behind the US (International Monetary Fund 2007).
$1,964,268
India Ranks 8th in GDP Nominal basis and 4th ( after US/China/Japan) in PPP basis.
Japan's GDP per head is around $40,000
Check this http://www.demographia.com/db-ppp60+.htm . It has all the GDP per capita since 1960 to 2003. Or check with IMF website
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You can get the GDP details at http://www.stat.go.jp/english/data/chouki/03.htm
Here are the top 3 economies as of 2009... 1. China ( Approximate GDP- $7,043,000,000,000 ) 2. Japan ( Approximate GDP- $4,305,000,000,000 ) 3. India (Approximate GDP- $2,965,000,000,000 )
Actually, the answer to this is that in terms of GDP per capita, Japan is richer. However, if you look at the GDP figures of the two countries, China has a larger value, though in terms of richness Japan is richer because its per capita is larger than China!
Top 5 Global Countries With The Highest Nominal GDP are: 1) United States, 2)Japan, 3)China, 4)Germany, 5)France. .
Japan has a very big population, it is also very developed with 32,380 GDP per capita so i say certainaly yes that Japan is a MEDC.
The ranking is as follows: The United States, China, Japan, and Germany.