The Japanese economy advanced a downwardly revised 2.8 percent on quarter in the three months to December of 2020, following a 5.3 percent growth in the previous period and compared to a preliminary reading of 3 percent. Capital expenditure rose by 4.3 percent (vs -2.4 percent in Q3) and household consumption advanced by 2.2 percent (vs 5.1 percent in Q3). At the same time, net external demand contributed positively to the GDP as exports jumped 11.1 percent and imports were up at a slower 4 percent, while there were increases in both government consumption (1.8 percent vs 2.9 percent) and public investment (1.5 percent vs 0.9 percent). On an annualized basis, GDP expanded 11.7 percent in the quarter following a 22.9 percent growth and disappointing expectations of a 12.8 percent increase. source: Cabinet Office, Japan
GDP Growth Rate in Japan averaged 0.45 percent from 1980 until 2020, reaching an all time high of 5.30 percent in the third quarter of 2020 and a record low of -8.30 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 May of 2021.
GDP Growth Rate in Japan is expected to be 0.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Japan to stand at 0.50 in 12 months time. In the long-term, the Japan GDP Growth Rate is projected to trend around 0.50 percent in 2022, according to our econometric models.