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.

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Japan GDP Growth Annualized


Japan GDP Growth Annualized
GDP Annualized Growth Rate shows the gdp growth that would be registered if the quarter-on-quarter rate of change were maintained for a full year.
Actual Previous Highest Lowest Dates Unit Frequency
-3.60 1.50 23.50 -28.20 1980 - 2021 percent Quarterly
SA, Constant Prices

Calendar GMT Actual Previous Consensus TEForecast
2021-11-14 11:50 PM GDP Growth Annualized Prel Q3 -3% 1.5% -0.8% -0.7%
2021-12-07 11:50 PM GDP Growth Annualized Final Q3 -3.6% 2.0% -3.1% -3%
2022-02-14 11:50 PM GDP Growth Annualized Prel Q4 -3.6% 6.1%


Related Last Previous Unit Reference
GDP Growth Rate -0.90 0.40 percent Sep/21
GDP Growth Annualized -3.60 1.50 percent Sep/21
GDP Annual Growth Rate 1.40 7.60 percent Sep/21
GDP Constant Prices 534705.60 538824.90 JPY Billion Sep/21
Gross National Product 549667.40 557616.50 JPY Billion Sep/21
Gross Fixed Capital Formation 131020.20 1338648.00 JPY Billion Sep/21
GDP From Utilities 16348.80 16498.00 JPY Billion Dec/20
GDP From Transport 24330.30 22885.30 JPY Billion Dec/20
GDP From Services 19512.70 22059.10 JPY Billion Dec/20
GDP From Public Administration 27259.00 27095.30 JPY Billion Dec/20
GDP From Mining 365.10 381.00 JPY Billion Dec/20
GDP From Manufacturing 108093.80 117923.20 JPY Billion Dec/20
GDP From Construction 30154.10 28935.10 JPY Billion Dec/20
GDP From Agriculture 4688.70 4883.30 JPY Billion Dec/20


News Stream
Japan Q3 GDP Growth Annualized Revised Lower
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.
2021-12-08
Japan GDP Growth Annualized Contracts More than Expected
The Japanese economy contracted 3.0 percent on an annualized basis in Q3 of 2021, compared with market consensus of a 0.8 percent fall and following a downwardly revised 1.5 percent expansion, a flash figure showed. The decline mainly reflected a COVID-19 state of emergency as well as the global semiconductors crisis, with both household consumption and business investment falling. 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.
2021-11-15
Japan Q2 GDP Annualized Growth Revised Upward
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.
2021-09-08