The Japanese economy shrank 0.1% qoq in Q1 of 2022, compared with flash data of a 0.2% fall and after an upwardly revised 1.0% growth in Q4. The latest figure was better than market forecasts of a 0.3% drop, amid an upward revision of private consumption (0.1% vs flat reading in the preliminary print and after a marginally 2.4% rise in Q4). At the same time, there was a sharp rebound in government spending (0.5% vs 0.6% in flash data and after a 0.3% fall in Q4). Meantime, business investment turned negative (-0.7% vs 0.5% increase in the first estimate and after a 0.1% rise in Q4), while public investment fell more than initially thought and was down for the fifth straight quarter (-3.9% vs -3.6% in flash data and -4.7% in Q4). Net external demand contributed negatively to the GDP, as exports rose 1.1% (unchanged from the flash figure and after a 0.9% in Q4) while imports grew at a faster 3.3% (compared with a 3.4% growth in preliminary data and after a 0.3% in Q4). source: Cabinet Office, Japan

GDP Growth Rate in Japan averaged 0.43 percent from 1980 until 2022, reaching an all time high of 5.30 percent in the third quarter of 2020 and a record low of -7.90 percent in the second quarter of 2020. This page provides - Japan GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Japan GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.

GDP Growth Rate in Japan is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Japan GDP Growth Rate is projected to trend around 0.60 percent in 2023 and 0.50 percent in 2024, according to our econometric models.

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Japan GDP Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-05-17 11:50 PM QoQ Prel Q1 -0.2% 0.9% -0.4% -0.3%
2022-06-07 11:50 PM QoQ Final Q1 -0.1% 1.0% -0.3% -0.2%
2022-08-14 11:50 PM QoQ Prel Q2 -0.2%


Related Last Previous Unit Reference
GDP Growth Rate -0.10 1.00 percent Mar 2022
GDP Growth Annualized -0.50 4.00 percent Mar 2022
GDP Annual Growth Rate 0.20 0.40 percent Mar 2022
GDP Constant Prices 537916.40 539248.00 JPY Billion Mar 2022
Gross National Product 549660.60 551314.40 JPY Billion Mar 2022
Gross Fixed Capital Formation 127042.80 128904.60 JPY Billion Mar 2022
Full Year GDP Growth 1.70 -4.50 percent Dec 2021
GDP From Utilities 16348.80 16498.00 JPY Billion Dec 2020
GDP From Transport 24330.30 22885.30 JPY Billion Dec 2020
GDP From Services 19512.70 22059.10 JPY Billion Dec 2020
GDP From Public Administration 27259.00 27095.30 JPY Billion Dec 2020
GDP From Mining 365.10 381.00 JPY Billion Dec 2020
GDP From Manufacturing 108093.80 117923.20 JPY Billion Dec 2020
GDP From Construction 30154.10 28935.10 JPY Billion Dec 2020
GDP From Agriculture 4688.70 4883.30 JPY Billion Dec 2020

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.
Actual Previous Highest Lowest Dates Unit Frequency
-0.10 1.00 5.30 -7.90 1980 - 2022 percent Quarterly
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News Stream
Japan Q1 GDP Revised Higher
The Japanese economy shrank 0.1% qoq in Q1 of 2022, compared with flash data of a 0.2% fall and after an upwardly revised 1.0% growth in Q4. The latest figure was better than market forecasts of a 0.3% drop, amid an upward revision of private consumption (0.1% vs flat reading in the preliminary print and after a marginally 2.4% rise in Q4). At the same time, there was a sharp rebound in government spending (0.5% vs 0.6% in flash data and after a 0.3% fall in Q4). Meantime, business investment turned negative (-0.7% vs 0.5% increase in the first estimate and after a 0.1% rise in Q4), while public investment fell more than initially thought and was down for the fifth straight quarter (-3.9% vs -3.6% in flash data and -4.7% in Q4). Net external demand contributed negatively to the GDP, as exports rose 1.1% (unchanged from the flash figure and after a 0.9% in Q4) while imports grew at a faster 3.3% (compared with a 3.4% growth in preliminary data and after a 0.3% in Q4).
2022-06-08
Japan GDP Contracts 0.2% in Q1
The Japanese economy shrank 0.2% qoq in Q1 of 2022, compared with market consensus of a 0.4% fall and after a downwardly revised 0.9% growth in Q4, preliminary data showed. This was the second contraction in the past three quarters, amid curbs triggered by the Omicron variant, the impact of the war in Ukraine, and a surge in imports following the weak yen and surging commodity prices. Household consumption fell for the second time in three quarters 0.1% (vs 2.5% in Q4) and public investment dropped for the fifth straight quarter (-3.6% vs -4.7%). At the same time, net external demand contributed negatively to the GDP, as exports rose 1.1% (vs 0.9% in Q4) while imports increased at a faster 3.4% (vs 0.3%). Meanwhile, business investment grew for the second consecutive quarter (0.5% vs 0.4%) while government spending rebounded (0.6% vs -0.3%).
2022-05-17
Japan Q4 GDP Growth Revised Lower
The Japanese economy grew by 1.1% qoq in Q4 2021, compared with a flash figure of 1.3% and after a 0.7% contraction in Q3, as pressures from record COVID-19 infections and rising energy costs heightened. Both household consumption (2.4% vs 2.7% in preliminary reading and after a 1% fall in Q3) and business investment (0.3% vs 0.4% in flash data and after a 2.4% drop previously) grew less than initially anticipated. At the same time, both government spending (-0.4% vs -0.3% in preliminary print and after a 1.1% rise in Q3) and public investment (-3.8% vs flash data -3.3% and after a 3% fall in Q3) declined more than initially thought. Meanwhile, net external demand contributed positively to the GDP, as exports recovered (0.9% vs 1% in preliminary figure and following a 0.3% fall in Q3) while imports continued to fall (-0.4% vs -0.3% in flash figure and after a -1% decline previously).
2022-03-09