Japan's economy shrank at an annualized rate of 3.9 percent in the first quarter of 2021, compared with the preliminary figure of 5.1% contraction and market consensus of a 4.8% fall and following an 11.7% growth in Q4. Private consumption, which accounts for more than half of Japan’s GDP, fell 5.8 percent, the first drop in three quarters, after a 9 percent growth in the December quarter. Also, government spending decreased 4.5 percent, following a 7.3 percent advance. Meantime, business spending shrank 4.6 percent, after an 18.3 percent jump in the December quarter. source: Cabinet Office, Japan

GDP Growth Annualized in Japan averaged 1.88 percent from 1980 until 2021, reaching an all time high of 22.90 percent in the third quarter of 2020 and a record low of -28.60 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 July of 2021.

GDP Growth Annualized in Japan is expected to be 1.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Annualized in Japan to stand at 0.60 in 12 months time. 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.

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Japan GDP Growth Annualized

Actual Previous Highest Lowest Dates Unit Frequency
-3.90 11.70 22.90 -28.60 1980 - 2021 percent Quarterly
SA, Constant Prices


Calendar GMT Actual Previous Consensus TEForecast
2021-02-14 11:50 PM GDP Growth Annualized Prel Q4 12.7% 22.7% 9.5% 9%
2021-03-08 11:50 PM GDP Growth Annualized Final Q4 11.7% 22.8% 12.8% 12.7%
2021-05-17 11:50 PM GDP Growth Annualized Prel Q1 -5.1% 11.6% -4.6% -4.8%
2021-06-07 11:50 PM GDP Growth Annualized Final Q1 -3.9% 11.7% -4.8% -5.1%
2021-08-15 11:50 PM GDP Growth Annualized Prel Q2 -3.9% 1.8%
2021-09-07 11:50 PM GDP Growth Annualized Final Q2 -3.9%
2021-11-14 11:50 PM GDP Growth Annualized Prel Q3 4.5%
2021-12-07 11:50 PM GDP Growth Annualized Final Q3


News Stream
Japan Upgrades Q1 Annualized GDP
Japan's economy shrank at an annualized rate of 3.9 percent in the first quarter of 2021, compared with the preliminary figure of 5.1% contraction and market consensus of a 4.8% fall and following an 11.7% growth in Q4. Private consumption, which accounts for more than half of Japan’s GDP, fell 5.8 percent, the first drop in three quarters, after a 9 percent growth in the December quarter. Also, government spending decreased 4.5 percent, following a 7.3 percent advance. Meantime, business spending shrank 4.6 percent, after an 18.3 percent jump in the December quarter.
2021-06-08
Japan Annualized GDP Shrinks More than Expected
Japan's economy shrank at an annualized rate of 5.1 percent in the first quarter of 2021, worse than market forecasts of a 4.6 percent contraction and following a downwardly revised 11.6 percent growth in the previous period, a preliminary estimate showed. Private consumption, which accounts for more than half of Japan’s GDP, declined 5.4 percent, compared to a 9 percent rise in Q4. Also, government consumption fell 6.9 percent, after a 7.3 percent advance.
2021-05-18
Japanese Economy Grows an Annualized 12.7% in Q4
Japan's economy grew at an annualized rate of 12.7 percent in the last quarter of 2020, compared with market consensus of a 9.5 percent expansion and following a revised 22.7 percent growth in the previous period.
2021-02-15
Japan GDP Growth Annualized Above Forecasts
Japan’s economy grew an annualized 22.9% in the third quarter of 2020 compared to the previous period, above 21.4% expansion reported in the preliminary estimate and recovering from 29.2 contraction in Q2 on firmer private consumption. It is the strongest growth since comparable data became available in the April-June quarter of 1980. Private consumption, which accounts for more than half of Japan’s GDP, surged 5.1%, revised upwardly from the 4.7% drop in the preliminary report.
2020-12-08

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.