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

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. On an annualised basis, the economy grew by 1.6 percent, much faster than the preliminary estimate of a 0.5 percent expansion and beating expectations of a 0.9 percent growth. GDP Growth Rate in Japan averaged 0.50 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 -4.90 percent in the first quarter of 2009.

Japan GDP Growth Rate
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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.

In the three months to December, household consumption added 0.3 percentage points to growth, private non-residential investment/business spending contributed 0.2 percentage points and changes in private inventories added 0.1 percentage points. Meantime, government spending and net exports gave no contribution to growth. 

Compared to the third  quarter, private consumption increased by 0.5 percent (similar to the preliminary estimate, in line with market consensus and rebounding from a  0.6 percent fall in the third quarter).

Government expenditure was flat (compared to a 0.1 percent contraction in the preliminary estimate and following a 0.1 percent rise in the prior quarter). Public investments dropped by 0.2 percent (compared to a 0.5 percent fall in the preliminary estimate and after a 2.6 percent decline in Q3).

Private non-residential investment rose by 1 percent (stronger than the preliminary figures of a 0.7 percent increase, compared to  consensus of a 1.2 percent rise and the same as in the preceding quarter). Meanwhile, private residential investment shrank by 2.6 percent (compared to the preliminary estimates of a 2.7 percent decline and following a 1.7 percent fall in the September quarter).

Exports of goods and services expanded by 2.4 percent (the same as in the preliminary figures and after a 2.1 percent rise in Q3); imports grew by 2.9 percent (unchanged from the preliminary estimates and following a 1.2 percent decline in Q3).

On an annualised basis, the economy grew by 1.6 percent, much faster than the preliminary estimate of a 0.5 percent expansion and beating expectations of a 0.9 percent growth.


Cabinet Office l Rida Husna | rida@tradingeconomics.com
3/8/2018 3:02:11 AM


Recent Releases

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

Japan GDP Growth Slows to 0.3% in Q3
The Japanese economy advanced 0.3 percent on quarter in the three months to September of 2017, following a 0.6 percent expansion in the previous period and matching market consensus, the preliminary estimate showed. Growth was mainly supported by exports while business spending rose at a slower pace and private consumption fell for the first time in near two years.
Published on 2017-11-15

Japan Q2 GDP Growth Revised Down to 0.6%
The Japanese economy advanced 0.6 percent quarter-on-quarter in the June quarter of 2017, below preliminary estimates of a 1.0 percent expansion. Business spending grew much slower than expected and private consumption rose slightly less than anticipated.
Published on 2017-09-08



Calendar GMT Actual Previous Consensus TEForecast
2017-12-07 11:50 PM GDP Growth Rate QoQ Final 0.6% 0.7% 0.4% 0.3%
2018-02-13 11:50 PM GDP Growth Rate QoQ Prel 0.1% 0.6% 0.2% 0.3%
2018-03-07 11:50 PM GDP Growth Rate QoQ Final 0.4% 0.6% 0.2% 0.2%
2018-05-13 11:50 PM GDP Growth Rate QoQ Prel 0.4% 0.4%
2018-06-07 11:50 PM GDP Growth Rate QoQ Final 0.4%
2018-08-13 11:50 PM GDP Growth Rate QoQ Prel 0.50%


Japan GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.40 0.60 3.20 -4.90 percent [+]
GDP Annual Growth Rate 2.00 1.90 9.40 -8.80 percent [+]
GDP Growth Annualized 1.60 2.40 12.90 -18.20 percent [+]
GDP 4940.16 4383.08 6203.21 44.31 USD Billion [+]
GDP Constant Prices 535479.50 533343.50 535479.50 255945.60 JPY Billion [+]
Gross National Product 558614.10 560177.00 560177.00 260680.20 JPY Billion [+]
Gross Fixed Capital Formation 128003.70 127620.60 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 April of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.60 3.20 -4.90 1980 - 2017 percent Quarterly
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GDP growth rate by Country
Country Last
United States 2.90 Dec/17
India 1.80 Dec/17
Turkey 1.80 Dec/17
China 1.40 Mar/18
Mexico 0.80 Dec/17
Netherlands 0.80 Dec/17
France 0.70 Dec/17
Spain 0.70 Dec/17
Euro Area 0.60 Dec/17
Germany 0.60 Dec/17
Switzerland 0.60 Dec/17
Australia 0.40 Dec/17
Canada 0.40 Dec/17
Japan 0.40 Dec/17
United Kingdom 0.40 Dec/17
Italy 0.30 Dec/17
Brazil 0.10 Dec/17
South Korea -0.20 Dec/17
Russia -0.38 Dec/17
Indonesia -1.70 Dec/17


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