The Japanese economy advanced 0.5 percent on quarter in the three months to June 2021, compared with a preliminary estimate of 0.3 percent growth and market expectations of 0.4 percent. It also followed a revised 1.1 percent fall in the first quarter, as domestic demand and activity rebounded from steep declines triggered by the coronavirus pandemic. Household consumption advanced 0.9 percent (vs -1.3 percent in Q1) and fixed investment rose 2.3 percent (vs -1.3 percent in Q1). Also, government consumption increased 1.3 percent (vs -1.7 percent in Q1), while public investment shrank 1.7 percent (vs -1.1 percent in Q1). Net external demand contributed negatively to the GDP as exports rose 2.8 percent and imports were up at a faster 5 percent. On an annualized basis, the economy expanded 1.9 percent in the second quarter, compared with a preliminary reading of 1.3 percent and market forecasts of 1.6 percent. source: Cabinet Office, Japan
GDP Growth Rate in Japan averaged 0.44 percent from 1980 until 2021, reaching an all time high of 5.40 percent in the third quarter of 2020 and a record low of -7.90 percent in the second quarter of 2020. This page provides - Japan GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Japan GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.
GDP Growth Rate in Japan is expected to be 1.50 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 Rate is projected to trend around 0.50 percent in 2022, according to our econometric models.