The economic growth rate during the COVID-19 pandemic was nominal -1.9%, down for the first time in six years, and real -3.3% for the second consecutive year -

Summary of FY2020 Estimation Results

• Total city production (nominal) ¥14,063.2 billion
• Total city production (real) ¥13,663.9 billion
• Nominal economic growth rate -1.9% (the first minus in six years)
• Real economic growth rate -3.3% (down for the second consecutive year)
• Citizen income 12,527.1 billion yen (an increase from the previous fiscal year -4.6%)
• Citizen income per person 3,316,000 yen (increase rate from the previous year-5.2%)

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