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Economic Overview of Tohoku Region 2018

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Economic Overview of Tohoku Region 2018 ECONOMIC OVERVIEW OF TOHOKU REGION 2018 Tohoku Bureau of Economy, Trade and Industry Contents 1. Overview of the Tohoku Region (1) Overview of the Tohoku Region ……………………………………………… 2 (2) Positioning of Tohoku as Shown in Major Economic Indicators ……………… 3 2. Economic Structure and Trends in the Tohoku Region (1) Gross Product ………………………………………………………………… 4 (2) Real Economic Growth Rate ………………………………………………… 5 (3) Population ……………………………………………………………………… 6 (4) Demographics ………………………………………………………………… 7 (5) The Number of Business Establishments (Private) …………………………… 8 (6) Industrial Production…………………………………………………………… 10 (7) Consumption …………………………………………………………………… 12 (8) Private Sector Capital Expenditures …………………………………………… 13 (9) Acquisition of Plant Locations ………………………………………………… 15 (10) Labor Force Population ……………………………………………………… 16 (11) Employment ………………………………………………………………… 17 (12) Business Entry and Exit Rates ……………………………………………… 18 (13) Internationalization ① Trade ……………………………………………………………………… 19 ② Internationalization of Corporate Activities ……………………………… 21 ③ International Arrivals/ Departures and Foreign Residents ……………… 22 (14) Tourism ① Domestic Tourism ………………………………………………………… 23 ② Foreign Tourism ………………………………………………………… 24 (15) Reconstruction Related Trends ……………………………………………… 25 3. Industrial Structure of Tohoku (1) Manufacturing industry ① Overview ………………………………………………………………… 27 ② National Share by Industry Sector ………………………………………… 28 ③ Percentage Ratios by Industry Sector by Prefecture ……………………… 29 ④ Shipment Value of Manufactured Goods in Major Industrial Sectors and Added Value Productivity by Region ………………………………… 30 ⑤ Industrial Property Rights ………………………………………………… 31 (2) Commerce ① Overview ………………………………………………………………… 32 (3) Service industry ……………………………………………………………… 33 (4) Agriculture, Forestry, and Fisheries …………………………………………… 34 Note: Due to rounding up/ off, not all totals equal the sum of separate figures in tables and graphs throughout this document. _ 1 _ 1. Overview of the Tohoku Region (1) Overview of the Tohoku Region Gross Regional Domestic Product (GRDP) (6.2% of national total) Aomori Fukushima 13.4% 23.1% Iwate 33,889.4 13.9% billion yen Yamagata 11.7% (FY 2015) Akita Miyagi Aomori 9.9% 28.0% Value of Manufactured Goods Shipped (5.6% of national total) Aomori 10.6% Fukushima 28.4% Iwate 17,185 13.9% Akita billion yen (FY 2016) Total Area Yamagata Miyagi Iwate 15.7% 24.2% (17.7% of national total) Akita 7.3% Aomori Fukushima 14.4% 20.6% 2 Wholesale Annual Sales Value 66,947km Iwate Yamagata (FY 2017) 22.8% (4.3% of national total) 13.9% Aomori Fukushima 10.5% Akita Miyagi 14.4% 17.4% 10.9% Yamagata Iwate 11.2% 7.6% 17,570.5 Akita billion yen Yamagata 6.4% Miyagi (FY 2015) Total Population (7.0% of national total) Miyagi 50.0% Aomori Fukushima 14.5% 21.3% 8,836,000 Iwate Retail Annual Sales Value 14.2% Yamagata people (7.2% of national total) 12.5% (FY 2017) Akita Miyagi Aomori 11.3% 26.3% Fukushima 14.4% 21.2% Fukushima 9,966.6 Iwate 13.7% Yamagata billion yen 11.6% (FY 2015) Akita 11.3% Miyagi 27.8% Economic Indicators for the Tohoku Region Item Item Major economic indicators Tohoku Data and source Major economic indicators Tohoku Data and source Income per capita Total area < km2 > National Land Area Survey of FY 2015 Annual Report on 66,947 <1,000 yen> 2,765 (As of October 1, 2017) Prefectures and Municipalities Prefectural Accounts (Geospatial Information Authority of Japan) (FY 2015) (Cabinet Office) Total population <1,000 people> Population Estimate No. of establishments 8,836 (Ministry of Internal Affairs and 414,657 2016 Economic Census for (As of October 1, 2017) (As of June 1, 2016) Communications) Business Activity (Ministry of Internal Affairs and No. of households <thousands> 2015 Population Census No. of employees Communications and Ministry of 3,468 (Ministry of Internal Affairs and 3,726 (As of October 1, 2015) (As of June 1, 2016) Economy, Trade and Industry) Communications) Value of manufactured Nominal GRDP <100 million yen> 2017 Census of Manufacture 338,894 goods shipped <100 million yen> 170,185 (Ministry of Economy, Trade and (FY 2015) FY 2015 Annual Report on Prefectural Accounts (FY 2016) Industry) (Primary industry)<Note 2> 8,301 (Cabinet Office, Prefectural Public Wholesale sales value (Secondary industry)<Note 2> 96,034 Documents) 175,705 2016 Economic Census for <100 million yen> (FY 2015) (Tertiary industry)<Note 2> 233,860 Business Activity (Ministry of Internal Affairs and 77cities Retail sales value <100 million No. of municipalities Number of Municipalities in Communications and Ministry of 116towns (Ministry of Inter- yen> 99,666 (As of August 1, 2018) Each Prefecture Economy, Trade and Industry) 34villages nal Affairs and Communications) (FY 2015) < Note 1> For the areas of prefectures with undefined boundaries, reference values recorded in the National Land Area Survey of Prefectures and Municipalities (Geospatial Information Authority of Japan) are used. < Note 2> Figures by industry are before the deducation or addition of import duties, imputed interest, etc. on imported goods. < Note 3> Privately operated offices _ 2 _ _ 3 _ (2) Positioning of Tohoku as Shown in Major Economic Indicators Although Tohoku’s population accounts for 7.0% of Japan’s population, Tohoku is below the na- tional level from the perspective of “GRDP” and “value of manufactured goods shipped.” In the manufacturing industry, Tohoku’s position is higher for “electronic parts, devices and electronic circuits” and “information and communications electronics equipment.” (%) 0.0 5.0 10.0 15.0 20.0 Total area [2017] 17.7 Total population [2017] 7.0 No. of employed persons [2017] 6.9 (Primary industry) 14.9 (Secondary industry) 7.4 (Teritary industry) 6.4 GRDP [FY 2015] 6.2 (Primary industry) 15.2 (Secondary industry) 6.5 (Teritary industry) 6.0 No. of business establishments [2016] 7.4 No. of employees [2016] 6.6 Value of manufactured goods shipped [2016] 5.6 (Foodstuffs) 7.2 (Electronic parts, devices and electronic circuits) 15.6 (Transportation equimpment) 2.6 (Information and communications electronics equipment) 14.8 Wholesale sales value [2015] 4.3 Percentage of the total population: 7.0% Retail sales value [2015] 7.2 Department store/ supermarket sales value [2017] 6.3 (Department stores) 3.2 (Supermarkets) 7.8 Convenience store sales value [2017] 6.9 New passenger car registrations [FY 2017] 7.7 Housing starts [FY 2017] 6.3 Value of public works contracted [FY 2017] 16.0 No. of factory locations acquired [2017] 9.4 (Note) The number of employed persons is based on the Labor Force Survey 2017, preliminary report (Ministry of Internal Affairs and Communications). _ 3 _ 2. Economic Structure and Trends in the Tohoku Region (1) Gross Product The Gross Regional Domestic Product (GRDP) is 33.9 trillion yen, or 6.35% of the national total. ● In fiscal year 2015, the Tohoku region’s nominal GRDP was 33,889.4 billion yen, up 2.2% from the previous year, and 6.35% of the national total. The GRDP increased in the prefecture of Aomori, Iwate, Miyagi and Yamagata. (Trillion yen) Changes in Nominal GRDP (%) 50 6.50 6.37 6.39 6.35 Aomori 6.32 6.11 Iwate Miyagi 40 32.3 33.2 33.9 6.10 30.5 6.04 31.3 Akita 29.8 trillion yen trillion yen trillion yen trillion yen trillion yen Yamagata trillion yen 4.4 4.5 30 4.4 4.4 4.3 5.70 Fukushima 4.4 4.6 4.7 4.0 4.3 4.5 National Total 4.1 (right axis) 20 9.5 5.30 7.9 7.8 8.5 8.8 9.2 3.3 3.3 3.4 3.7 3.3 3.3 4.90 10 3.7 3.7 3.7 3.9 3.8 4.0 7.2 6.6 7.0 7.5 7.8 7.8 0 4.50 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 (Note) The past figures in the Annual Report on Prefectural Accounts are revised retrospectively, together with the estimates for the latest fiscal year. (Note) Calculated nationwide figures when calculating the national ratio based on the National Accounts Calculation Source: Annual Report on Prefectural Accounts, Cabinet Office ● In fiscal year 2015, the Tohoku region’s nominal GRDP follows behind that of Kanto, Kinki, Chubu and Kyushu re- gions. (Trillion yen) Nominal GRDP by Region 300 Hokkaido Hokkaido 249.4 Tohoku Aomori, Iwate, Miyagi, Akita, Yamagata, Fukushima, Fukushima Ibaraki, Tochigi, Gunma, Saitama, Chiba, Tokyo, Kanto 250 Kanagawa, Niigata, Yamanashi, Nagano, Shizuoka Chubu Toyama, Ishikawa, Gifu, Aichi, Mie Kinki Fukui, Shiga, Kyoto, Osaka, Hyogo, Nara, Wakayama 200 Chugoku Tottori, Shimane, Okayama, Hiroshima, Yamaguchi Shikoku Tokushima, Kagawa, Ehime, Kochi知 Kyusyu Fukuoka, Saga, Nagasaki, Kumamoto, Oita, Miyazaki 150 Okinawa Okinawa 100 86.4 64.6 45.0 50 33.9 29.9 19.0 14.2 4.1 0 Hokkaido Tohoku Kanto Chubu Kinki Chugoku Shikoku Kyusyu Okinawa Source: Annual Report on Prefectural Accounts, Cabinet Office ● By industry classification, primary industries account for 2.5%, secondary industries for 28.4%, and tertiary industries for 69.1%. Share of the construction industry rose to 10.5% due to reconstruction-related projects in the aftermath of the Great East Japan Earthquake of 2011, which is 4.6 points increased, comparing with the share in 2010, before the earthquake. Changes in the Share of Industry Sectors in Nominal GRDP 0 10 20 30 40 50 60 70 80 90 100 (%) 0.1 FY2010 2.6 18.8 5.9 4.5 11.4 3.9 12.3 4.6 3.2 2.5 5.9 7.0 4.9 8.7 4.6 30,492.8 billion yen 0.2 FY2015 2.5 17.8 10.5 3.7 10.8 3.6 10.9 4.8 2.8 2.4 6.1 6.9 4.3 8.6 4.2 33,889.4 billion yen Mining Education Wholesale and retail ） Real estate Manufacturing Finance and insurance Agriculture, Forestry and Fisheries Construction Transport and Transport postal services Electricity, gas, Electricity, water and waste disposal business Miscellanceous services Primary Information and communications Government service producers Professional, technical and business support services Secondary industry Tertiary industry Accommodations, eating and drinking services industry Public health and hygiene and social services (Medical, health care and welfare (Note) The above shares are before the addition and deduction of duties, customs and so forth on imported goods.
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