The Japanese economy contracted 3.6 percent on an annualized basis in Q3 of 2021, compared with the flash reading of 3.0 percent fall and market consensus of a 3.1 percent fall and following an upwardly revised 2.0 percent expansion. The decline mainly reflected a COVID-19 state of emergency as well as the global semiconductors crisis, with household consumption falling noticeably after gaining in Q2 and business investment declining for the first time in a year. In addition, public investment shrank for the third consecutive quarter. Meanwhile, exports decreased for the first time in five quarters while imports dropped for the first time in a year. source: Cabinet Office, Japan
GDP Growth Annualized in Japan averaged 1.85 percent from 1980 until 2021, reaching an all time high of 23.50 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 January of 2022.
GDP Growth Annualized in Japan is expected to be 3.40 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 2.00 percent in 2022 and 2.20 percent in 2023, according to our econometric models.