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.

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Japan GDP Growth Annualized

Actual Previous Highest Lowest Dates Unit Frequency
1.90 -4.20 23.20 -28.10 1980 - 2021 percent Quarterly
SA, Constant Prices


Calendar GMT Actual Previous Consensus TEForecast
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 1.3% -3.7% 0.7% 0.8%
2021-09-07 11:50 PM GDP Growth Annualized Final Q2 1.9% -4.2% 1.6% 1.3%
2021-11-14 11:50 PM GDP Growth Annualized Prel Q3 1.9% 1.2%
2021-12-07 11:50 PM GDP Growth Annualized Final Q3 1.9%


News Stream
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
Japan Q2 GDP Growth Annualized Rebounds
The Japanese economy grew 1.3% on an annualized basis in Q2, far better than market expectations of a 0.7% gain and shifting from a downwardly revised 3.7% contraction in Q1. The rebound was supported by an upturn in household consumption, business investment, and government spending, amid a recovery in the economy from the coronavirus disruption following an acceleration in virus vaccinations. Meantime, both exports and imports increased further.
2021-08-16
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

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.