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

The Japanese economy contracted 0.2 percent quarter-on-quarter in the March quarter of 2018, unchanged from a preliminary figure and after an upwardly revised 0.3 percent growth in the previous period. It is the first contraction since the December quarter 2015, as an unexpected decline in household consumption offset a rise in business spending. On an annualised basis, the economy shrank 0.6 percent, the same as the preliminary estimate but worse than market consensus of a 0.4 percent contraction and following an upwardly revised 1 percent expansion in the preceding quarter. It is the first contraction in more than two years, ending the longest straight period of uninterrupted growth in 28 years. 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 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.

In the three months to March, negative contribution to GDP growth came from private demand (-0.2 percentage points), of which private residential investment (-0.1 percentage points) and change in private inventories (-0.2 percentage points), while private consumption gave no contribution and business spending added 0.1 percentage points to growth. At the same time, public demand made no contribution to growth while net exports added 0.1 percentage points.

Private demand declined by 0.3 percent, similar to the preliminary figure. Private consumption fell by 0.1 percent, compared to a flat reading in the preliminary estimate and markets expectation of a 0.4 percent rise. It follows an upwardly revised 0.3 percent rise in the previous quarter. Also, private residential investment dropped by 1.8 percent, less than the earlier estimate of a 2.1 percent fall and following a 2.7 percent decrease in Q4. Meantime, private non-residential investment/business spending grew by 0.3 percent, way better than the preliminary figure of a 0.1 percent decline and beating market forecasts of a 0.2 percent increase and after a 0.7 percent rise in the prior quarter. 

Meanwhile, public demand was flat, the same as in the preliminary estimate. Government consumption increased by 0.1 percent, compared to a flat reading in the preliminary estimate and similar to the figure recorded in the December quarter. At the same time, public investment declined by 0.1 percent, compared to the preliminary figure of no growth and after a 0.4 percent fall in the prior quarter.

Exports grew by 0.6 percent, the same as in the preliminary figure and compared to a 2.2 percent growth in the December quarter. Imports went up by 0.3 percent, unrevised from an earlier estimates and following a 3.1 percent growth in the preceding quarter.

On an annualised basis, the economy shrank 0.6 percent, the same as the preliminary estimate but worse than market consensus of a 0.4 percent contraction and following an upwardly revised 1 percent expansion in the preceding quarter. It is the first contraction in more than two years, ending the longest straight period of uninterrupted growth in 28 years. 


Cabinet Office | Rida | rida@tradingeconomics.com
6/8/2018 10:54:55 AM


Recent Releases

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

Japan Q4 GDP Growth Slows to 0.1%
The Japanese economy advanced 0.1 percent on quarter in the three months to December of 2017, following a 0.6 percent expansion in the previous period and slightly below market consensus of a 0.2 percent growth, the preliminary estimate showed. Still, it was the eighth consecutive quarter of expansion and the longest growth streak since 1989.
Published on 2018-02-14

Japan Q3 GDP Growth Revised Up to 0.6%
The Japanese economy advanced 0.6 percent quarter-on-quarter in the September quarter of 2017, stronger than the preliminary estimate of a 0.3 percent expansion and following an upwardly revised 0.7 percent growth in the prior quarter. It was the seventh straight quarter of growth, supported by exports and faster increase in business spending.
Published on 2017-12-08



Calendar GMT Actual Previous Consensus TEForecast
2018-03-07 11:50 PM GDP Growth Rate QoQ Final 0.4% 0.6% 0.2% 0.2%
2018-05-15 11:50 PM GDP Growth Rate QoQ Prel -0.2% 0.1% 0.2% 0.1%
2018-06-07 11:50 PM GDP Growth Rate QoQ Final -0.2% 0.3% -0.1% 0.1%
2018-08-06 11:50 PM GDP Growth Rate QoQ Prel -0.2% 0.20%
2018-09-07 11:50 PM GDP Growth Rate QoQ Final -0.2%
2018-11-05 11:50 PM GDP Growth Rate QoQ Prel 0.6%


Japan GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.20 0.30 3.20 -4.90 percent [+]
GDP Annual Growth Rate 1.10 1.90 9.40 -8.80 percent [+]
GDP Growth Annualized -0.60 1.00 12.90 -18.20 percent [+]
GDP 4940.16 4383.08 6203.21 44.31 USD Billion [+]
GDP Constant Prices 533911.30 534715.20 534715.20 255945.60 JPY Billion [+]
Gross National Product 556369.20 559983.20 560514.30 260680.20 JPY Billion [+]
Gross Fixed Capital Formation 127504.00 127564.20 141805.70 71463.10 JPY Billion [+]
GDP per capita 47607.70 47082.70 47607.70 8607.70 USD [+]
GDP per capita PPP 38239.80 37818.10 38239.80 30447.30 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 June of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-0.20 0.30 3.20 -4.90 1980 - 2018 percent Quarterly
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GDP growth rate by Country
Country Last
United States 2.20 Mar/18
Turkey 2.00 Mar/18
India 1.90 Mar/18
China 1.40 Mar/18
Mexico 1.10 Mar/18
Australia 1.00 Mar/18
South Korea 1.00 Mar/18
Spain 0.70 Mar/18
Netherlands 0.60 Mar/18
Switzerland 0.60 Mar/18
Brazil 0.40 Mar/18
Euro Area 0.40 Mar/18
Canada 0.30 Mar/18
Germany 0.30 Mar/18
Italy 0.30 Mar/18
France 0.20 Mar/18
United Kingdom 0.10 Mar/18
Japan -0.20 Mar/18
Russia -0.38 Dec/17
Indonesia -0.42 Mar/18


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