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


Recent Releases

Japan GDP Growth Revised Down To 0.3% In Q1
The Japanese economy advanced 0.3 percent quarter-on-quarter in the three months to March of 2017, below preliminary estimates of a 0.5 percent expansion but at the same pace as in the prior quarter. Upward revision in capital expenditure was not able to offset a weaker private consumption.
Published on 2017-06-08

Japan GDP Growth Strongest In A Year In Q1
The Japanese economy advanced 0.5 percent on quarter in the March quarter of 2017, following a 0.3 percent growth in the previous period and above market consensus of a 0.4 percent growth, preliminary estimates showed. It was the strongest expansion since the first quarter 2016, supported by private consumption, exports and an unexpected rise in capital expenditure.
Published on 2017-05-18

Japan GDP Growth Revised Up To 0.3% In Q4
The Japanese economy advanced 0.3 percent on quarter in the fourth quarter of 2016, above preliminary estimates of a 0.2 percent expansion and at the same pace as in the previous period. It was the fourth consecutive quarter of growth, boosted by exports, government spending and private non-residential investment while household consumption was flat.
Published on 2017-03-08

Japan Q4 GDP Growth Below Expectations
The Japanese economy advanced 0.2 percent on quarter in the fourth quarter of 2016, following 0.3 percent growth in the previous period and below market expectations of a 0.3 percent expansion, according to preliminary estimates. It was the fourth consecutive quarter of growth, boosted by exports, government spending and private non-residential investment while household consumption was flat.
Published on 2017-02-13



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