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. source: Cabinet Office, Japan
GDP Growth Annualized in Japan averaged 1.88 percent from 1980 until 2020, reaching an all time high of 22.90 percent in the third quarter of 2020 and a record low of -29.20 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 January of 2021.
GDP Growth Annualized in Japan is expected to be 10.00 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 2.30 in 12 months time. In the long-term, the Japan GDP Growth Annualized is projected to trend around 3.40 percent in 2021 and 2.20 percent in 2022, according to our econometric models.