Japan's share of global gross domestic product slipped to 4.2 percent in 2022 -- the lowest since comparable data became available in 1980.

Japan's nominal GDP last year stood at 4.26 trillion dollars, down about 770 billion dollars from the prior year, according to data compiled by the Cabinet Office.

In yen terms, Japan's output grew by 1.3 percent from 2021. But the number was lower in dollar terms as the Japanese currency weakened.

Japan's share of global GDP was down 0.9 percentage point from 2021.

The country remained the world's third largest economy, following the United States and China. But its lead over fourth-placed Germany narrowed to 0.2 percentage points.

Japan's GDP per capita was 34,064 dollars last year, down roughly 5,900 dollars from the previous year. The figure was the lowest among the Group of Seven countries, with formerly last-place Italy overtaking Japan.

The International Monetary Fund has projected that Germany's economy will become the third largest in the world on a nominal GDP basis in 2023, pushing Japan to fourth place.