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. 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.

GDP Growth Rate in Japan is expected to be 0.40 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.

Japan GDP Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-05-19 11:50 PM GDP Growth Rate QoQ Prel Q1 0.5% 0.4% -0.1% 0.1%
2019-06-09 11:50 PM GDP Growth Rate QoQ Final Q1 0.6% 0.5% 0.5% 0.5%
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 0.3% 0.4%
2019-12-08 11:50 PM GDP Growth Rate QoQ Final Q3 0.3% 0.4%



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.

In the June quarter, positive contributions came from private demand (0.3 percentage points), while changes in private inventories were neutral. On the other hand, net exports contributed negatively to the GDP.

Capital spending rose just 0.2 percent in the second quarter, much lower than a preliminary 1.5 percent rise and compared to a 0.2 percent contraction in the previous three-month period. Private consumption, which accounts for some 60 percent of GDP, increased 0.6 percent, the most in two years, after showing no growth in the first quarter. Also, public investment rose 1.8 percent, the most since Q2 2017 and faster than a preliminary 1 percent.

Exports of goods and services were flat (vs -2 percent in Q1), while imports jumped 1.7 percent (vs -4.3 percent in Q1).

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.


Cabinet Office | Rida Husna | rida@tradingeconomics.com
9/9/2019 11:28:16 AM



Japan GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.30 0.50 3.20 -4.80 percent [+]
GDP Annual Growth Rate 1.00 1.00 9.40 -8.80 percent [+]
GDP Growth Annualized 1.30 2.20 12.90 -17.80 percent [+]
GDP 4970.92 4859.95 6203.21 44.31 USD Billion [+]
GDP Constant Prices 540233.40 538428.90 540233.40 255945.60 JPY Billion [+]
Gross National Product 564532.30 561873.10 564532.30 260680.20 JPY Billion [+]
Gross Fixed Capital Formation 128976.30 128336.70 141805.50 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 4480.70 4557.40 6807.20 4480.70 JPY Billion [+]
GDP From Construction 29714.00 28529.80 41780.10 23962.20 JPY Billion [+]
GDP From Manufacturing 109203.90 105311.00 109203.90 77688.40 JPY Billion [+]
GDP From Mining 231.70 207.90 922.10 207.90 JPY Billion [+]
GDP From Public Administration 26259.80 26267.00 26535.70 22255.00 JPY Billion [+]
GDP From Services 21996.40 21860.70 26170.30 21860.70 JPY Billion [+]
GDP From Transport 25233.60 24455.50 28606.50 23919.80 JPY Billion [+]
GDP From Utilities 9567.30 8748.40 13902.30 8641.90 JPY Billion [+]


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. This page provides - Japan GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Japan GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.50 3.20 -4.80 1980 - 2019 percent Quarterly
SA




Country Last Previous
Indonesia 4.20 Jun/19
South Africa 3.10 Jun/19
United States 2.00 Jun/19
China 1.60 Jun/19
Turkey 1.20 Jun/19
India 1.00 Jun/19
South Korea 1.00 Jun/19
Canada 0.90 Jun/19
Australia 0.50 Jun/19
Netherlands 0.50 Jun/19
Spain 0.50 Jun/19
Brazil 0.40 Jun/19
France 0.30 Jun/19
Japan 0.30 Jun/19
Switzerland 0.30 Jun/19
Euro Area 0.20 Jun/19
Italy 0.00 Jun/19
Mexico 0.00 Jun/19
Saudi Arabia 0.00 Mar/19
Germany -0.10 Jun/19
Argentina -0.20 Mar/19
United Kingdom -0.20 Jun/19
Russia -0.40 Mar/19
Singapore -3.30 Jun/19


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