The Japanese economy grew by just 0.1% in 2024, a sharp moderation from the 1.5% expansion in the prior year and the softest pace since 2020 due to mounting headwinds, including natural disasters, yen depreciation, and global trade uncertainties. Private consumption fell after three years of growth (-0.1% vs 0.8% in 2023), as wage rises lagged behind inflation for much of the year. Business investment rose the least in four years (1.2% vs. 1.5%), as the Bank of Japan delivered three rate hikes to normalize policy after years of ultra-low rates. On the trade front, exports posted their slowest increase since 2020 (1.0% vs. 3.0%), while imports rose after falling in 2023 (1.3% vs -1.5%), weighing on GDP. Simultaneously, government spending rebounded after a drop in 2023 (0.9% -0.3%). Japan's nominal GDP stood at JPY 609.29 trillion in 2024 ($4.0 trillion). While it topped the 600 trillion mark for the first time, Japan remained the world's fourth-largest economy, trailing behind Germany. source: Cabinet Office, Japan

Full Year GDP Growth in Japan decreased to 0.10 percent in 2024 from 1.90 percent in 2023. Full Year GDP Growth in Japan averaged 0.78 percent from 1995 until 2024, reaching an all time high of 4.10 percent in 2010 and a record low of -5.70 percent in 2009. This page includes a chart with historical data for Japan Full Year GDP Growth. Japan Full Year GDP Growth - values, historical data and charts - was last updated on February of 2026.

Full Year GDP Growth in Japan decreased to 0.10 percent in 2024 from 1.90 percent in 2023. Full Year GDP Growth in Japan is expected to reach 0.50 percent by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Japan Full Year GDP Growth is projected to trend around 0.70 percent in 2026 and 1.10 percent in 2027, according to our econometric models.



Related Last Previous Unit Reference
Full Year GDP Growth 0.10 1.90 percent Dec 2024
GDP 4026.21 4213.17 USD Billion Dec 2024
GDP Annual Growth Rate 1.10 2.00 percent Sep 2025
GDP Constant Prices 561765.30 564261.90 JPY Billion Sep 2025
GDP Growth Net Trade Contribution -0.20 0.10 percentage points Sep 2025
GDP from Agriculture 5899.90 5846.30 JPY Billion Dec 2024
GDP from Construction 31263.60 33235.90 JPY Billion Dec 2024
GDP from Manufacturing 110990.40 117803.70 JPY Billion Dec 2024
GDP from Mining 210.10 213.60 JPY Billion Dec 2024
GDP from Public Administration 28319.80 27748.90 JPY Billion Dec 2024
GDP from Services 24487.50 25345.00 JPY Billion Dec 2024
GDP from Transport 32462.70 31309.90 JPY Billion Dec 2024
GDP from Utilities 18737.60 17352.40 JPY Billion Dec 2024
GDP Growth Annualized -2.30 2.10 percent Sep 2025
GDP Growth Rate -0.60 0.50 percent Sep 2025
GDP Capital Expenditure 154609.20 157082.10 JPY Billion Sep 2025
Gross National Product 596734.80 593836.00 JPY Billion Sep 2025


Japan Full Year GDP Growth
Japan’s economy, the fourth largest in the world, is fully diversified and technologically advanced. Like in most developed countries, services account for the highest percentage of GDP (around 62 percent of GDP). Within services the most important once are wholesale and retail trade (around 7 percent of GDP) and real estate (around 6 percent of GDP). Manufacturing is the engine of the Japanese economy and accounts for nearly 22 percent of GDP. Construction also plays a significant role, accounting for around 5 percent of GDP.
Actual Previous Highest Lowest Dates Unit Frequency
0.10 1.90 4.10 -5.70 1995 - 2024 percent Yearly
NSA

News Stream
Japan Rolls Out JPY 21.3 Trillion Economic Boost
Japan's parliament on Friday approved a JPY 21.3 trillion economic stimulus package on Friday to support the economy amid persistent inflation and the impact of U.S. tariffs. The plan allocates JPY 11.7 trillion, including tax breaks, to ease the burden of rising prices, while JPY 7.2 trillion will fund investments in strategic sectors such as semiconductors, artificial intelligence, and shipbuilding. To finance the measures, the government will compile a supplementary budget of JPY 17.7 trillion from its general account, surpassing the roughly JPY 13.9 trillion extra budget for fiscal 2024 and marking a new post-pandemic high. Lawmakers aim to finalize the supplementary budget later this month.
2025-11-21
Japan to Set Economic Stimulus Plan Amid BoJ Coordination
The Japanese government is expected to finalise an economic stimulus package on November 21, marking Prime Minister Sanae Takaichi’s first major policy initiative since taking office last month. According to a draft outline seen by Reuters, the package will urge the Bank of Japan to focus on achieving strong economic growth accompanied by stable prices, underscoring Takaichi’s preference for keeping interest rates low to support a fragile recovery. “It is extremely important for monetary policy to be guided in a way that achieves strong economic growth and price stability,” the draft said. The plan will include measures to ease the burden of rising living costs, boost crisis management and growth investment, and strengthen Japan’s defence capabilities. The government also pledged to coordinate closely with the BoJ to prevent a return to deflation and sustain growth. The Nikkei reported the package will feature tax cuts targeting investment in 17 key industries.
2025-11-10
Japan Pledges Continued Support as Inflation and Tariffs Bite
Japan’s new economics minister, Minoru Kiuchi, vowed to prop up the economy amid higher U.S. tariffs and domestic inflation. “It is undeniable that the recovery in personal consumption still lacks strength amid continued inflation,” he said Wednesday, adding that “until real wages rise strongly enough, the government must continue to firmly support the economy". Kiuchi emphasized that the government will monitor U.S. trade policy and assist affected companies, including financial aid for small firms. On monetary policy, he said the government will work closely with the Bank of Japan to achieve stable 2% inflation, stressing that “it is very important for the BoJ to steer monetary policy to realize both strong economic growth and price stability.” The comments come as new Prime Minister Sanae Takaichi orders her cabinet to prepare an economic stimulus package to ease household cost burdens.
2025-10-22