Japan GDP Growth Rate 1980-2017 | Data | Chart | Calendar | Forecast

The Japanese economy advanced 0.6 percent quarter-on-quarter in the September quarter of 2017, stronger than the preliminary estimate of a 0.3 percent expansion and following an upwardly revised 0.7 percent growth in the prior quarter. It marked the seventh straight quarter of growth, supported by exports while business spending grew much faster than anticipated. On an annualised basis, the economy grew by 2.5 percent, stronger than the preliminary estimate of a 1.4 percent expansion and way above market expectations of a 1.5 percent growth. GDP Growth Rate in Japan averaged 0.50 percent from 1980 until 2017, reaching an all time high of 3.20 percent in the second quarter of 1990 and a record low of -4.90 percent in the first quarter of 2009.

Japan GDP Growth Rate
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Japan Q3 GDP Growth Revised Up to 0.6%


The Japanese economy advanced 0.6 percent quarter-on-quarter in the September quarter of 2017, stronger than the preliminary estimate of a 0.3 percent expansion and following an upwardly revised 0.7 percent growth in the prior quarter. It was the seventh straight quarter of growth, supported by exports and faster increase in business spending.

In the three months to September, net exports added 0.5 percentage points to the growth, private non-residential investment/business spending contributed 0.2 percentage points and government spending gave no contribution to growth. On the other had, household consumption substracted 0.3 percentage points from the growth. Meantime, changes in private inventories made no contribution to growth.
Compared to the second quarter, private consumption declined by 0.5 percent, the first drop since the fourth quarter 2015. The figure was similar to the preliminary estimate, in line with market consensus, and following a 0.9 percent increase in the second quarter.
Government expenditure was flat (compared to a 0.1 percent contraction in the preliminary estimate and following a 0.2 percent rise in the prior quarter). Public investments dropped by 2.4 percent (compared to a 2.5 percent fall in the preliminary estimate and after a 4.6 percent rise in Q2).
Private non-residential investment increased by 1.1 percent (much stronger than the preliminary figures of a 0.2 percent gain, higher than market consensus of a 0.4 percent rise and following a 1.2 percent increse in the preceding quarter). Meanwhile, private residential investment shrank by 1.0 percent (compared to the preliminary estimates of a 0.9 percent decline and following a 1.3 percent growth in the June quarter).
Exports of goods and services expanded by 0.5 percent (the same as in the preliminary figures and after a 0.1 percent drop in Q2; imports decreased by 1.6 percent (unchanged from the preliminary estimates and following a 1.5 percent rise in Q2).
On an annualised basis, the economy grew by 2.5 percent, faster than the preliminary estimate of a 1.4 percent expansion and way above market expectations of a 1.5 percent growth.

Cabinet Office l Rida Husna |
12/8/2017 4:22:06 PM



Calendar GMT Actual Previous Consensus TEForecast
2017-09-07 11:50 PM GDP Growth Rate QoQ Final 0.6% 0.3% 1.0% 1.0%
2017-11-14 11:50 PM GDP Growth Rate QoQ Prel 0.3% 0.6% 0.4% 0.3%
2017-12-07 11:50 PM GDP Growth Rate QoQ Final 0.6% 0.7% 0.4% 0.3%
2018-02-12 11:50 PM GDP Growth Rate QoQ Prel 0.6%
2018-03-07 11:50 PM GDP Growth Rate QoQ Final 0.6%
2018-05-17 11:50 PM GDP Growth Rate QoQ Prel


Japan GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.60 0.70 3.20 -4.90 percent [+]
GDP Annual Growth Rate 2.10 1.60 9.40 -8.80 percent [+]
GDP Growth Annualized 2.50 2.90 12.90 -18.20 percent [+]
GDP 4939.38 4383.10 6203.20 44.30 USD Billion [+]
GDP Constant Prices 534106.80 530814.90 534106.80 263584.00 JPY Billion [+]
Gross National Product 560125.30 555568.50 560125.30 263297.50 JPY Billion [+]
Gross Fixed Capital Formation 127826.00 127759.00 141805.70 71463.10 JPY Billion [+]
GDP per capita 47607.70 47082.70 47607.70 8607.70 USD [+]
GDP per capita PPP 38239.80 37818.10 38239.80 30447.30 USD [+]
GDP From Agriculture 4700.10 6277.20 7549.80 4700.10 JPY Billion [+]
GDP From Construction 28188.70 28205.10 42167.10 25584.40 JPY Billion [+]
GDP From Manufacturing 103814.20 111231.70 111580.50 81251.50 JPY Billion [+]
GDP From Mining 233.30 193.80 515.20 179.70 JPY Billion [+]
GDP From Public Administration 30779.50 30810.70 31042.60 25527.60 JPY Billion [+]
GDP From Services 22201.40 95137.40 96295.10 22201.40 JPY Billion [+]
GDP From Transport 24766.70 24319.00 27093.60 22407.80 JPY Billion [+]
GDP From Utilities 8424.00 7612.40 12212.00 7531.90 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 December of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.60 0.70 3.20 -4.90 1980 - 2017 percent Quarterly
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GDP growth rate by Country
Country Last
United States 3.30 Sep/17
Indonesia 3.18 Sep/17
China 1.70 Sep/17
South Korea 1.50 Sep/17
India 1.40 Jun/17
Turkey 1.20 Sep/17
Russia 1.08 Jun/17
Germany 0.80 Sep/17
Spain 0.80 Sep/17
Australia 0.60 Sep/17
Euro Area 0.60 Sep/17
Japan 0.60 Sep/17
Switzerland 0.60 Sep/17
France 0.50 Sep/17
Canada 0.40 Sep/17
Italy 0.40 Sep/17
Netherlands 0.40 Sep/17
United Kingdom 0.40 Sep/17
Brazil 0.10 Sep/17
Mexico -0.30 Sep/17