Japan's quarterly economic growth was revised higher to 0.4 percent in the third quarter of 2019 from a preliminary estimate of 0.1 percent and above market expectations of 0.2 percent. Private consumption and capital expenditure increased faster than initially thought while net external demand contributed negatively to the expansion. GDP Growth Rate in Japan averaged 0.49 percent from 1980 until 2019, reaching an all time high of 3.20 percent in the second quarter of 1990 and a record low of -4.80 percent in the first quarter of 2009. source: Cabinet Office, Japan

GDP Growth Rate in Japan is expected to be -0.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Japan to stand at 0.70 in 12 months time. In the long-term, the Japan GDP Growth Rate is projected to trend around 0.50 percent in 2020, according to our econometric models.

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Japan GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.50 3.20 -4.80 1980 - 2019 percent Quarterly
SA



Calendar GMT Actual Previous Consensus TEForecast
2019-08-08 11:50 PM GDP Growth Rate QoQ Prel Q2 0.4% 0.7% 0.1% 0.0%
2019-09-08 11:50 PM GDP Growth Rate QoQ Final Q2 0.3% 0.5% 0.3% 0.4%
2019-11-13 11:50 PM GDP Growth Rate QoQ Prel Q3 0.1% 0.4% 0.2% 0.3%
2019-12-08 11:50 PM GDP Growth Rate QoQ Final Q3 0.4% 0.5% 0.2% 0.2%
2020-02-16 11:50 PM GDP Growth Rate QoQ Prel Q4 0.4% -0.9%


News Stream
2019-11-14
Japan Q3 GDP Growth Weakest in a Year
The Japanese economy advanced 0.1 percent quarter-on-quarter in the three months to September 2019, missing market expectations of a 0.2 percent expansion and following a revised 0.4 percent growth in the previous period, a preliminary estimate showed. This marked the weakest pace of quarterly expansion since a 0.5 percent contraction in the September quarter last year, mainly due to a slowdown in household consumption and a negative contribution from net exports. On an annualized basis, the economy expanded 0.2 percent in the third quarter, after an upwardly revised 1.8 percent expansion in the June quarter and below consensus of a 0.8 percent advance.

2019-09-09
Japan Q2 GDP Growth Revised Lower to 0.3%
Japan's quarterly economic growth was revised lower to 0.3 percent in the second quarter of 2019 from a preliminary estimate of 0.4 percent and compared to the previous period's 0.5 percent growth. There was a sharp downward revision of capital expenditure amid weakness in the global economy and worsening trade protectionism. On an annualized basis, the economy grew 1.3 percent in the second quarter, weaker than the preliminary reading of 1.8 percent and after a revised 2.2 percent expansion in the previous quarter.

2019-08-09
Japan Q2 GDP Growth Beats Estimates
The Japanese economy advanced 0.4 percent quarter-on-quarter in the three months to June 2019, easily beating market expectations of a 0.1 percent expansion and following an upwardly revised 0.7 percent growth in the previous period, a preliminary estimate showed. This marked the third straight quarter of GDP expansion, supported by robust private consumption and solid business investment while exports declined. On an annualized basis, the economy grew by 1.8 percent in the second quarter, after an upwardly revised 2.8 percent expansion in the March quarter and far above estimates of a 0.4 percent advance.

2019-06-10
Japan Q1 GDP Growth Revised Higher to 0.6%
The Japanese economy advanced 0.6 percent quarter-on-quarter in the first quarter of 2019, stronger than a preliminary estimate of 0.5 percent and after an upwardly revised 0.5 percent growth in the previous period. Net exports contributed positively to the GDP growth for the first time in four quarters, while there was a substantial upward revision to capital expenditure. On an annualized basis, the economy grew 2.2 percent in the first quarter, better than a preliminary figure of 2.1 percent and following an upwardly revised 1.8 percent advance in the previous quarter.

2019-05-20
Japan Economy Unexpectedly Grows in Q1
The Japanese economy grew by 0.5 percent quarter-on-quarter in the three months to March 2019, easily beating market expectations of a 0.1 percent contraction and following a downwardly revised 0.4 percent advance in the previous period, a preliminary estimate showed. The expansion was mainly supported by net export gains, as imports fell faster than exports, while there were concerns about weak household consumption ahead of a looming sales tax rise. On an annualized basis, the economy grew by 2.1 percent in the first quarter, also defying market forecasts of a 0.2 percent contraction.

2019-03-08
Japan Q4 GDP Growth Revised Higher to 0.5%
The Japanese economy advanced 0.5 percent quarter-on-quarter in the December quarter 2018, stronger than the preliminary estimate of a 0.3 percent expansion and recovering from a downwardly revised 0.6 percent contraction in the third quarter. The latest GDP reading was above market expectations of a 0.4 percent growth, supported by a rebound in household consumption and an upward revision of business spending following a series of natural disasters. On an annualized basis, the economy grew 1.9 percent, faster than the preliminary figure of 1.4 percent, slightly above forecasts of a 1.8 percent expansion and rebounding from a downwardly revised 2.4 percent contraction in the previous quarter.


Japan GDP Growth Rate
Japan's industrialized, free market economy is the fourth biggest in the world. Japan has the largest electronics industry and the third largest automobile industry in the world. Japan’s economy is well-known by its efficiency and competitiveness in exports oriented sectors, but productivity is lower in areas such as agriculture, distribution, and services.

Japan GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.40 0.50 3.20 -4.80 percent [+]
GDP Annual Growth Rate 1.70 0.90 9.40 -8.80 percent [+]
GDP Growth Annualized 1.80 2.00 12.90 -17.80 percent [+]
GDP 4970.92 4859.95 6203.21 44.31 USD Billion [+]
GDP Constant Prices 541466.00 539056.50 541466.00 255945.60 JPY Billion [+]
Gross National Product 564586.40 562030.70 564586.40 260680.20 JPY Billion [+]
Gross Fixed Capital Formation 130983.00 128963.20 141805.60 71463.10 JPY Billion [+]
GDP per capita 48919.60 48438.80 48919.60 8607.70 USD [+]
GDP per capita PPP 39293.50 38907.40 39293.50 30582.40 USD [+]
GDP From Agriculture 4685.40 4616.90 6807.20 4575.50 JPY Billion [+]
GDP From Construction 29224.80 29523.50 41780.10 23962.20 JPY Billion [+]
GDP From Manufacturing 112294.90 110279.40 112294.90 77688.40 JPY Billion [+]
GDP From Mining 225.20 232.20 922.10 208.50 JPY Billion [+]
GDP From Public Administration 26309.00 26230.70 26535.70 22255.00 JPY Billion [+]
GDP From Services 21744.70 21980.90 26170.30 21744.70 JPY Billion [+]
GDP From Transport 25280.00 25240.10 28606.50 23919.80 JPY Billion [+]
GDP From Utilities 9761.20 9658.50 13902.30 8641.90 JPY Billion [+]