Japan GDP Growth Rate  1980-2017 | Data | Chart | Calendar | Forecast

The Japanese economy advanced 1.0 percent on quarter in the three months to June of 2017, following an upwardly revised 0.4 percent expansion in the previous period and beating market consensus of 0.6 percent, the preliminary estimate showed. It was the strongest growth rate since the first quarter of 2015, boosted by strong domestic demand. On an annualised basis, the GDP expanded 4.0 percent, compared to an upwardly revised 1.5 percent growth in the first quarter. The Japanese economy has now expanded in six straight quarters, the first such streak in more than three years. GDP Growth Rate in Japan averaged 0.51 percent from 1980 until 2017, reaching an all time high of 3.20 percent in the second quarter of 1990 and a record low of -4.80 percent in the first quarter of 2009.

Japan GDP Growth Rate
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Japan Q2 GDP Growth Strongest in Over 2 Years


The Japanese economy advanced 1.0 percent on quarter in the three months to June of 2017, following an upwardly revised 0.4 percent expansion in the previous period and beating market consensus of 0.6 percent, the preliminary estimate showed. It was the strongest growth rate since the first quarter of 2015, boosted by strong domestic demand.

The positive contribution to GDP came from household consumption (0.5 percentage points), capital expenditure (0.4 percentage points) and government spending (0.1 percentage points). In contrast, net trade subtracted 0.3 percentage points from the growth.

Private consumption increased by 0.9 percent, the most in over three years, after rising by an upwardly revised 0.4 percent in the prior quarter.

Government expenditure rebounded 0.3 percent, following a 0.1 percent contraction in the prior three months. Meanwhile, public investments jumped 5.1 percent, much faster than a 0.6 percent rise in Q1.

Business spending spiked 2.4 percent, following an upwardly revised 0.9 percent rise in the March quarter. It was the fastest growth in business investment since January-March 2014. Meantime, private residential investment grew by 1.5 percent, faster than a 0.9 percent increase in Q1.

Exports of goods and services declined by 0.5 percent after increasing 1.9 percent in Q1; while imports rose 1.4 percent, faster than a 1.3 percent gain in the previous three-month period.

On an annualised basis, the GDP expanded 4.0 percent, compared to an upwardly revised 1.5 percent growth in the first quarter and beating market consensus of 2.5 percent. The Japanese economy has now expanded in six straight quarters, the first such streak in more than three years.


Cabinet Office l Rida Husna | rida@tradingeconomics.com
8/14/2017 7:45:08 AM



Calendar GMT Actual Previous Consensus Forecast (i)
2017-05-17 11:50 PM Q1 0.5% 0.3% 0.4% 0.4%
2017-06-07 11:50 PM Q1 0.3% 0.3% 0.6% 0.6%
2017-08-13 11:50 PM Q2 1.0% 0.3% 0.6% 0.5%
2017-09-07 11:50 PM Q2 0.3% 1.0% 1.0%
2017-11-13 11:50 PM Q3 0.30%
2017-12-07 11:50 PM Q3


Japan GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.00 0.40 3.20 -4.80 percent [+]
GDP Annual Growth Rate 2.00 1.50 9.40 -8.80 percent [+]
GDP Growth Annualized 4.00 1.50 12.90 -17.90 percent [+]
GDP 4939.38 4383.10 6203.20 44.30 USD Billion [+]
GDP Constant Prices 531530.60 526392.80 531530.60 263584.00 JPY Billion [+]
Gross National Product 555798.60 549234.60 555798.60 263297.50 JPY Billion [+]
Gross Fixed Capital Formation 127143.10 123676.80 141747.00 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 4700.10 6277.20 7549.80 4700.10 JPY Billion [+]
GDP From Construction 28188.70 28205.10 42167.10 25584.40 JPY Billion [+]
GDP From Manufacturing 103814.20 111231.70 111580.50 81251.50 JPY Billion [+]
GDP From Mining 233.30 193.80 515.20 179.70 JPY Billion [+]
GDP From Public Administration 30779.50 30810.70 31042.60 25527.60 JPY Billion [+]
GDP From Services 22201.40 95137.40 96295.10 22201.40 JPY Billion [+]
GDP From Transport 24766.70 24319.00 27093.60 22407.80 JPY Billion [+]
GDP From Utilities 8424.00 7612.40 12212.00 7531.90 JPY Billion [+]


Japan GDP Growth Rate Notes

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 August of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.00 0.40 3.20 -4.80 1980 - 2017 percent Quarterly
SA



gdp growth rate by Country

Last
Indonesia 4.00 Jun/17
United States 2.60 Jun/17
China 1.70 Jun/17
India 1.50 Mar/17
Netherlands 1.50 Jun/17
Turkey 1.40 Mar/17
Brazil 1.00 Mar/17
Japan 1.00 Jun/17
Canada 0.90 Mar/17
Spain 0.90 Jun/17
Euro Area 0.60 Jun/17
Germany 0.60 Jun/17
Mexico 0.60 Jun/17
South Korea 0.60 Jun/17
France 0.50 Jun/17
Italy 0.40 Jun/17
Australia 0.30 Mar/17
Switzerland 0.30 Mar/17
United Kingdom 0.30 Jun/17
Russia -0.57 Sep/15