The Gross Domestic Product (GDP) in Japan contracted 9.90 percent in the second quarter of 2020 over the same quarter of the previous year.

GDP Annual Growth Rate in Japan averaged 1.84 percent from 1981 until 2020, reaching an all time high of 9.40 percent in the first quarter of 1988 and a record low of -9.90 percent in the second quarter of 2020. This page provides - Japan GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Japan GDP Annual Growth Rate - values, historical data and charts - was last updated on October of 2020. source: Cabinet Office, Japan

GDP Annual Growth Rate in Japan is expected to be -3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Japan to stand at 4.00 in 12 months time. In the long-term, the Japan GDP Annual Growth Rate is projected to trend around 2.60 percent in 2021 and 2.00 percent in 2022, according to our econometric models.

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Japan GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-9.90 -1.80 9.40 -9.90 1981 - 2020 percent Quarterly
NSA

Japan GDP Last Previous Highest Lowest Unit
GDP Growth Rate -7.90 -0.60 3.20 -7.90 percent [+]
GDP Annual Growth Rate -9.90 -1.80 9.40 -9.90 percent [+]
GDP Growth Annualized -28.10 -2.30 12.90 -28.10 percent [+]
GDP 5081.77 4954.81 6203.21 44.31 USD Billion [+]
GDP Constant Prices 484837.80 526537.00 539308.80 255945.60 JPY Billion [+]
Gross National Product 511805.80 549784.40 562968.00 260680.20 JPY Billion [+]
Gross Fixed Capital Formation 122557.90 126194.80 141805.50 71463.10 JPY Billion [+]
GDP per capita 49187.80 48766.10 49187.80 8607.70 USD [+]
GDP per capita PPP 41429.30 41074.10 41429.30 32068.90 USD [+]
GDP From Agriculture 4685.40 4616.90 6807.20 4575.50 JPY Billion [+]
GDP From Construction 29224.80 29523.50 41780.10 23962.20 JPY Billion [+]
GDP From Manufacturing 112294.90 110279.40 112294.90 77688.40 JPY Billion [+]
GDP From Mining 225.20 232.20 922.10 208.50 JPY Billion [+]
GDP From Public Administration 26309.00 26230.70 26535.70 22255.00 JPY Billion [+]
GDP From Services 21744.70 21980.90 26170.30 21744.70 JPY Billion [+]
GDP From Transport 25280.00 25240.10 28606.50 23919.80 JPY Billion [+]
GDP From Utilities 9761.20 9658.50 13902.30 8641.90 JPY Billion [+]


Japan GDP Annual Growth Rate
Japan’s economy, the fourth largest in the world, is fully diversified and technologically advanced. Like in most developed countries, services account for the highest percentage of GDP (around 62 percent of GDP). Within services the most important once are wholesale and retail trade (around 7 percent of GDP) and real estate (around 6 percent of GDP). Manufacturing is the engine of the Japanese economy and accounts for nearly 22 percent of GDP. Construction also plays a significant role, accounting for around 5 percent of GDP.