The Japanese economy grew 1.9 percent on an annualized basis in the second quarter of 2021, compared with the preliminary estimate of a 1.3 percent expansion and beating market consensus of 1.6 percent. Household consumption, business investment, and government spending all rebounded, amid a recovery in the economy from the coronavirus disruption as virus vaccinations accelerated. In the meantime, net trade contributed negatively to the GDP as imports rose more than exports. source: Cabinet Office, Japan
GDP Growth Annualized in Japan averaged 1.88 percent from 1980 until 2021, reaching an all time high of 22.80 percent in the third quarter of 2020 and a record low of -28.20 percent in the second quarter of 2020. This page provides the latest reported value for - Japan GDP Growth Annualized - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Japan GDP Growth Annualized - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.
GDP Growth Annualized in Japan is expected to be 4.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Japan GDP Growth Annualized is projected to trend around 3.40 percent in 2022 and 2.20 percent in 2023, according to our econometric models.