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

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. Despite the downward revision, Japan has maintained a sixth straight quarter of growth, the longest run of economic expansion since 2006. On an annualised basis, the economy grew by 2.5 percent, much weaker than preliminary estimates of a 4.0 percent expansion but faster than a 1.5 percent growth in the March quarter. 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 -4.80 percent in the first quarter of 2009.

Japan GDP Growth Rate
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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.

Despite the downward revision, Japan has maintained a sixth straight quarter of growth, the longest run of economic expansion since 2006.

In the three months to June, household consumption added 0.5 percentage points to growth, private non-residential investment/business spending contributed 0.1 percentage points and government spending added 0.1 percentage points. In contrast, net trade subtracted 0.3 percentage points from the growth. Meantime, changes in private inventories made no contribution to growth.

Compared to the first quarter, private consumption went up 0.8 percent (less than a 0.9 percent rise in the preliminary estimate and compared to a 0.4 percent increase in the three months to March).

Government expenditure rose 0.4 percent (compared to a 0.3 percent gain in the preliminary estimate and following a 0.1 percent contraction in the prior quarter). Public investments jumped 6.0 percent (faster than a 5.1 percent rise in the preliminary estimate and after a 0.4 percent rise in Q1).

Private non-residential investment increased by 0.5 percent (much weaker than the preliminary figures of a 2.4 percent gain but at the same pace as in the preceding quarter). Meanwhile, private residential investment expanded 1.3 percent (compared to the preliminary estimates of a 1.5 percent increase and following a 1.0 percent growth in the March quarter).

Exports of goods and services declined by 0.5 percent (the same as in the preliminary figures and after increasing 1.9 percent in Q1; imports rose 1.4 percent (unchanged from the preliminary estimates and following a 1.3 percent rise in Q1).

On an annualised basis, the economy grew by 2.5 percent, much weaker than preliminary estimates of a 4.0 percent expansion.

Cabinet Office l Rida Husna | rida@tradingeconomics.com
9/8/2017 1:52:04 AM


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Calendar GMT Actual Previous Consensus TEForecast
2017-06-07 11:50 PM GDP Growth Rate QoQ Final 0.3% 0.3% 0.6% 0.6%
2017-08-13 11:50 PM GDP Growth Rate QoQ Prel 1.0% 0.3% 0.6% 0.5%
2017-09-07 11:50 PM GDP Growth Rate QoQ Final 0.6% 0.3% 1.0% 1.0%
2017-11-13 11:50 PM GDP Growth Rate QoQ Prel 0.6% 0.30%
2017-12-07 11:50 PM GDP Growth Rate QoQ Final 0.6%


Japan GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.60 0.30 3.20 -4.80 percent [+]
GDP Annual Growth Rate 1.40 1.50 9.40 -8.80 percent [+]
GDP Growth Annualized 2.50 1.20 12.90 -18.00 percent [+]
GDP 4939.38 4383.10 6203.20 44.30 USD Billion [+]
GDP Constant Prices 529241.60 525932.70 529241.60 263584.00 JPY Billion [+]
Gross National Product 553555.00 549334.30 553555.00 263297.50 JPY Billion [+]
Gross Fixed Capital Formation 125445.90 123320.00 141748.30 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

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 October of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.60 0.30 3.20 -4.80 1980 - 2017 percent Quarterly
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gdp growth rate by Country

Last
Indonesia 4.00 Jun/17
United States 3.10 Jun/17
Turkey 2.10 Jun/17
China 1.70 Jun/17
Netherlands 1.50 Jun/17
India 1.40 Jun/17
Canada 1.10 Jun/17
Russia 1.08 Jun/17
Spain 0.90 Jun/17
Australia 0.80 Jun/17
Euro Area 0.60 Jun/17
Germany 0.60 Jun/17
Japan 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
Switzerland 0.30 Jun/17
United Kingdom 0.30 Jun/17
Brazil 0.20 Jun/17