Japan GDP Growth Rate  1980-2018 | Data | Chart | Calendar | Forecast

The Japanese economy advanced 0.7 percent quarter-on-quarter in the June quarter of 2018, stronger than the preliminary figure of a 0.5 percent growth and after a 0.2 percent contraction in the previous period. It was the highest growth rate since the first quarter of 2017, boosted by an upward revision of business spending and a strong rebound in private consumption. On an annualised basis, the economy grew by 3 percent, much faster than the preliminary estimate of a 1.9 percent expansion and easily beating consensus of a 2.6 percent growth. It followed a 0.9 percent contraction in the March quarter and marking the highest annualized figure since the first quarter 2016, due to strength in business spending and household consumption. GDP Growth Rate in Japan averaged 0.50 percent from 1980 until 2018, reaching an all time high of 3.20 percent in the second quarter of 1990 and a record low of -4.90 percent in the first quarter of 2009.

Japan GDP Growth Rate
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Japan Q2 GDP Growth Revised Higher to 0.7%


The Japanese economy advanced 0.7 percent quarter-on-quarter in the June quarter of 2018, stronger than the preliminary figure of a 0.5 percent growth and after a 0.2 percent contraction in the previous period. It was the highest growth rate since the first quarter of 2017, boosted by an upward revision of business spending and a strong rebound in private consumption.

In the second quarter, the largest  contribution to GDP growth came from private demand (0.8 percentage points), of which private consumption (0.4 percentage points) and capital expenditure (0.5 percent). At the same time, public demand and changes in inventories were neutral, while net exports had a negative contribution of 0.1 percentage points.

Private demand increased by 1.1 percent, higher than the preliminary data of a 0.7 percent rise and after declining 0.4 percent in the first quarter of the year. Private consumption went up 0.7 percent, the same as in the preliminary estimate, which was a rebound from a 0.2 percent fall in the prior quarter and matching expectations. In addition, capital expenditure grew by 3.1 percent, far stronger than the preliminary figure of 1.3 percent, which was way faster than a 0.7 percent rise in the March quarter and  beating estimates of 2.8 percent. It was the steepest increase in business spending since the first quarter 2015.

Meantime, public demand went up 0.2 percent, unchanged from the preliminary data, but reversing from a 0.1 percent decline in the March quarter. The rebound was mainly supported by a pick-up in government consumption (0.2 percent vs flat reading in Q1), while public investment showed no growth  (vs -0.4 percent in Q1).
Exports of goods and services grew by 0.2 percent, the same as in the preliminary figure but much softer than a 0.6 percent growth in the first quarter. It marked the weakest reading since the June quarter 2017. Meantime, imports grew by 0.9 percent, slightly lower than the preliminary figure of a 1 percent gain and after a 0.2 percent rise in the March quarter.

On an annualized basis, the economy grew by 3 percent, much faster than the preliminary estimate of a 1.9 percent expansion and easily beating consensus of a 2.6 percent growth. It followed a 0.9 percent contraction in the March quarter and marking the highest annualized figure since the first quarter 2016, due to strength in business spending and household consumption.


Cabinet Office l Rida | rida@tradingeconomics.com
9/10/2018 9:58:49 AM


Recent Releases

Japan Economy Returns to Solid Growth in Q2
The Japanese economy advanced 0.5 percent on quarter in the three months to June 2018, after a 0.2 percent contraction in the previous period and beating market consensus of a 0.3 percent growth, preliminary estimates showed. It was the highest growth rate since the third quarter of 2017, boosted by a strong rebound in household consumption and a faster rise in business spending.
Published on 2018-08-10

Japan Q1 GDP Growth Shrinks for First Time in 9 Quarters
The Japanese economy contracted 0.2 percent quarter-on-quarter in the March quarter of 2018, unchanged from the preliminary figure and after an upwardly revised 0.3 percent growth in the previous period. It is the first contraction since the fourth quarter 2015, as an unexpected decline in household consumption offset a rise in business spending.
Published on 2018-06-08

Japan GDP Shrinks for First Time in Over 2 Years
The Japanese economy contracted 0.2 percent on quarter in the three months to March of 2018, following a downwardly revised 0.1 percent growth in the previous period while markets expected no growth, preliminary estimates showed. It was the first contraction since the fourth quarter of 2015, as private investment fell and households' consumption was unchanged.
Published on 2018-05-16

Japan Q4 GDP Growth Revised Up to 0.4%
The Japanese economy advanced 0.4 percent quarter-on-quarter in the December quarter of 2017, much stronger than the preliminary estimate of a 0.1 percent expansion and after a 0.6 percent growth in the prior quarter. It was the eighth straight quarter of expansion, due to strong private consumption and an upward revision of business spending and inventories.
Published on 2018-03-08



Calendar GMT Actual Previous Consensus TEForecast
2018-06-07 11:50 PM GDP Growth Rate QoQ Final -0.2% 0.3% -0.1% 0.1%
2018-08-09 11:50 PM GDP Growth Rate QoQ Prel 0.5% -0.2% 0.3% 0.20%
2018-09-09 11:50 PM GDP Growth Rate QoQ Final 0.7% -0.2% 0.7% 0.6%
2018-11-05 11:50 PM GDP Growth Rate QoQ Prel 0.7% 0.6%
2018-12-05 11:50 PM GDP Growth Rate QoQ Final


Japan GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.70 -0.20 3.20 -4.90 percent [+]
GDP Annual Growth Rate 1.00 1.00 9.40 -8.80 percent [+]
GDP Growth Annualized 3.00 -0.90 12.90 -18.10 percent [+]
GDP 4872.14 4949.27 6203.21 44.31 USD Billion [+]
GDP Constant Prices 537599.20 533646.00 537599.20 255945.60 JPY Billion [+]
Gross National Product 562569.10 557040.60 562569.10 260680.20 JPY Billion [+]
Gross Fixed Capital Formation 129862.00 127634.50 141803.70 71463.10 JPY Billion [+]
GDP per capita 48556.93 47660.90 48556.93 8607.70 USD [+]
GDP per capita PPP 39002.22 38282.50 39002.22 30582.40 USD [+]
GDP From Agriculture 4272.10 4700.10 7549.80 4272.10 JPY Billion [+]
GDP From Construction 28365.30 28188.70 42167.10 25584.40 JPY Billion [+]
GDP From Manufacturing 107759.60 103814.20 111580.50 81251.50 JPY Billion [+]
GDP From Mining 213.80 233.30 515.20 179.70 JPY Billion [+]
GDP From Public Administration 26247.90 26262.30 26535.70 22255.00 JPY Billion [+]
GDP From Services 21864.70 22201.40 96295.10 21864.70 JPY Billion [+]
GDP From Transport 24250.60 24766.70 27093.60 22407.80 JPY Billion [+]
GDP From Utilities 8743.10 8424.00 12212.00 7531.90 JPY Billion [+]


Japan GDP Growth Rate

Japan's industrialized, free market economy is the fourth biggest in the world. Japan has the largest electronics industry and the third largest automobile industry in the world. Japan’s economy is well-known by its efficiency and competitiveness in exports oriented sectors, but productivity is lower in areas such as agriculture, distribution, and services. This page provides - Japan GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Japan GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on September of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.70 -0.20 3.20 -4.90 1980 - 2018 percent Quarterly
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GDP growth rate by Country
Country Last
Indonesia 4.21 Jun/18
United States 4.20 Jun/18
India 1.90 Mar/18
China 1.80 Jun/18
Australia 0.90 Jun/18
Turkey 0.90 Jun/18
Russia 0.85 Mar/18
Netherlands 0.80 Jun/18
Canada 0.70 Jun/18
Japan 0.70 Jun/18
Switzerland 0.70 Jun/18
Singapore 0.60 Jun/18
South Korea 0.60 Jun/18
Spain 0.60 Jun/18
Germany 0.50 Jun/18
Euro Area 0.40 Jun/18
United Kingdom 0.40 Jun/18
Brazil 0.20 Jun/18
France 0.20 Jun/18
Italy 0.20 Jun/18
Saudi Arabia -0.05 Mar/18
Mexico -0.20 Jun/18
South Africa -0.70 Jun/18
Argentina -4.00 Jun/18


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