For my own country Denmark, if you adjust GDP for population growth (which is due to immigration) and inflation, we did not have any growth for the past two dec

For my own country Denmark, if you adjust GDP for population growth (which is due to immigration) and inflation, we did not have any growth for the past two decades. However we did successfully create a housing boom/bubble, while the Japanese are deflating theirs. Also as others have mentioned GDP can be an amazingly stupid measure where crime or an poorly organised health care system give higher output while harm. Japan is a wealthy country.