Japan GDP Growth Rate 1980-2014 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) in Japan contracted 0.40 percent in the third quarter of 2014 over the previous quarter. GDP Growth Rate in Japan averaged 0.49 Percent from 1980 until 2014, reaching an all time high of 3.20 Percent in the second quarter of 1990 and a record low of -4 Percent in the first quarter of 2009. GDP Growth Rate in Japan is reported by the Cabinet Office, Japan.


Japan GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-0.40 -1.90 3.20 -4.00 1980 - 2014 percent Quarterly
Japan's industrialized, free market economy is the third 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. Content for - Japan GDP Growth Rate - was last refreshed on Monday, November 24, 2014.

Abe Delays Tax Rise and Calls Election

Japan’s prime minister Shinzo Abe has called a parliamentary elections, as he seeks a new mandate to delay a second increase in consumption taxes.

Parliament will be dissolved on November 21st, less than two years into four-year term, the prime mister said during the press conference in Tokyo. New elections will likely be held on December 15th. The consumption tax raise would be postponed to April 2017 from October 2015.

The decision comes after preliminary data on third-quarter gross domestic product released this week showed that the tax increase which took effect in April depressed consumer spending more than expected and pushed Japan into a technical recession.

Abe’s policies, supported by the Bank of Japan led to a plunge in the yen. The sharp depreciation of the currency fueled exports and a surge in corporate earnings, yet did not help much general public. While prices went up due to higher taxes and surge in cost of imports, wages did not rise.

Anna Fedec | anna@tradingeconomics.com
11/18/2014 1:35:23 PM

Recent Releases

Japan GDP Unexpectedly Shrinks in Q3
Japanese economy shrank 0.4 percent from July to September, after a 1.9 percent contraction in the previous quarter. Rise in public demand and net exports were not enough to offset a decline in private demand. Published on 2014-11-17

Japan GDP Shrinks More Than Expected
The Japanese economy contracted 1.8 percent in the April to June period on a quarter-on-quarter basis, according to the second estimate. The new figure comes below a preliminary estimate of a 1.7 percent contraction, as a sales tax hike in April took a heavy toll on household spending while business investment fell more than double the first estimate. Published on 2014-09-08

Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-08-13 12:50 AM
GDP Growth Rate QoQ Prel  Q2 2014
-1.7% 1.5% (R) -1.8% -1.5%
2014-09-08 12:50 AM
GDP Growth Rate QoQ Final  Q2 2014
-1.8% 1.5% (R) -1.8% -1.7%
2014-11-16 11:50 PM
GDP Growth Rate QoQ Prel  Q3 2014
-0.4% -1.9% (R) 0.5% 0.3%
2014-12-07 11:50 PM
GDP Growth Rate QoQ Final  Q3 2014
-1.9% -0.4% -0.4%
2015-02-15 11:50 PM
GDP Growth Rate QoQ Prel  Q4 2014
2015-03-08 11:50 PM
GDP Growth Rate QoQ Final  Q4 2014

Japan GDP Last Previous Highest Lowest Unit
GDP 4901.00 5938.00 5938.00 44.30 USD Billion [+]
GDP Growth Rate -0.40 -1.90 3.20 -4.00 percent [+]
GDP Growth Annualized -1.60 -7.30 12.90 -15.00 percent [+]
GDP Annual Growth Rate -1.20 -0.20 9.40 -9.40 percent [+]
GDP Constant Prices 522830.10 525001.90 535034.40 263584.00 JPY Billion [+]
Gross National Product 518958.00 521099.80 533789.00 456298.30 JPY Billion [+]
GDP per capita 37432.91 36800.99 37432.91 7079.44 USD [+]
Gross Fixed Capital Formation 107681.00 108284.70 130410.40 96469.30 JPY Billion [+]
GDP per capita PPP 35481.11 34882.14 35481.11 29549.51 USD [+]