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

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. On an annualised basis, the economy grew by 1.0 percent, much weaker than preliminary estimates of a 2.2 percent expansion and following a 1.2 percent growth in the December quarter 2016. 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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Calendar GMT Actual Previous Consensus Forecast (i)
2017-03-07 11:50 PM Q4 0.3% 0.3% 0.4% 0.3%
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%
2017-08-14 11:50 PM Q2 0.5% 0.23%
2017-09-07 11:50 PM Q2 0.3%
2017-11-13 11:50 PM Q3 0.24%




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.

Compared to the December quarter 2016, domestic demand rose 0.1 percent (0.4 percent in the preliminary estimate) and added 0.1 percentage points to growth. Private consumption, which accounts for about 60 percent of the economy, went up 0.3 percent (down from 0.4 percent in preliminary estimate and compared to a flat reading in the prior quarter) and contributed 0.2 percentage points to expansion. Public spending made no contribution to  growth. Government consumption was flat (from 0.1 percent in the preliminary estimate and compared to a 0.1 percent increase in Q4). Meanwhile, public investments fell 0.1 percent (from a 3.0 percent fall in Q4).

Private non-residential investments/capital expenditure increased by 0.6  percent (much faster than 0.2 percent in the preliminary estimate and following a 1.9 percent rise in Q4), adding 0.1 percentage points to expansion. Private residential investment went up 0.3 percent (lower than 0.7 percent in the preliminary figure and after a 0.4 percent gain in Q4). 

Meanwhile, changes in private inventories subtracted 0.1 percentage points from quarterly growth (from 0.1 percentage points in the preliminary figure). 

Net exports added 0.1 percentage point to the economy (unchanged from preliminary estimate), as exports of goods and services expanded 2.1 percent (from a 3.4 percent rise in Q4) while imports rose 1.4 percent ( from a 1.3 percent growth).

On an annualised basis, the economy grew by 1.0 percent, much weaker than preliminary estimates of a 2.2 percent expansion and following a 1.2 percent growth in the December quarter 2016.

Cabinet Office l Rida Husna | rida@tradingeconomics.com
6/8/2017 5:53:16 AM


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Japan GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.30 0.30 3.20 -4.80 percent [+]
GDP Annual Growth Rate 1.30 1.60 9.40 -8.80 percent [+]
GDP Growth Annualized 1.00 1.20 12.90 -18.00 percent [+]
GDP 4383.10 4848.70 6203.20 44.30 USD Billion [+]
GDP Constant Prices 525151.00 523837.20 525151.00 263584.00 JPY Billion [+]
Gross National Product 549234.60 548270.30 549234.60 263297.50 JPY Billion [+]
Gross Fixed Capital Formation 123060.10 122547.20 141747.90 71463.10 JPY Billion [+]
GDP per capita 47150.40 46518.80 47150.40 8607.70 USD [+]
GDP per capita PPP 37872.46 37365.18 37872.46 30447.26 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 June of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.30 3.20 -4.80 1980 - 2017 percent Quarterly
SA



gdp growth rate by Country

Last
India 1.50 Mar/17
Turkey 1.40 Mar/17
China 1.30 Mar/17
United States 1.20 Mar/17
South Korea 1.10 Mar/17
Brazil 1.00 Mar/17
Canada 0.90 Mar/17
Spain 0.80 Mar/17
Mexico 0.70 Mar/17
Euro Area 0.60 Mar/17
Germany 0.60 Mar/17
France 0.50 Mar/17
Italy 0.40 Mar/17
Netherlands 0.40 Mar/17
Australia 0.30 Mar/17
Japan 0.30 Mar/17
Switzerland 0.30 Mar/17
United Kingdom 0.20 Mar/17
Indonesia -0.34 Mar/17
Russia -0.57 Sep/15