Japan GDP Growth Rate

The Gross Domestic Product (GDP) in Japan expanded 0.90 percent in the first quarter of 2013 over the previous quarter. GDP Growth Rate in Japan is reported by the The Cabinet Office. Historically, from 1980 until 2013, Japan GDP Growth Rate averaged 0.52 Percent reaching an all time high of 3.20 Percent in June of 1990 and a record low of -4 Percent in March of 2009. 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 includes a chart with historical data for Japan GDP Growth Rate.

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Japan GDP Expands 0.9% in Q1
Anna Fedec, anna@tradingeconomics.com | 5/16/2013 1:30:13 AM

Japan's economy grew at stronger-than-expected 0.9 percent in the first quarter of 2013 from the previous three months driven by private consumption and exports.

In Q1 of 2013, domestic demand contributed 0.5 percentage point to the expansion, while external demand 0.4 percent point.

Private consumption rose 0.9 percent, the fastest pace since Q3 of 2011 and housing investment grew by 1.9 percent.

Government consumption and public investment increased 0.6 percent and 0.8 percent respectively.

While exports of goods and services grew 3.8 percent, imports expanded 1 percent.

The growth rate for Q4 of 2012 was revised up to 0.3 percent from 0 percent reported previously.

ARCHIVE
Japan GDP Growth Flat in the Fourth Quarter of 2012 According to a release from the Japanese Cabinet Office, gross domestic product stagnated in the fourth quarter of 2012 from a quarter earlier and expanded 0.5 percent compared with the same quarter of 2011. 2013-03-08	Japanese GDP Grows 1% in Q1 Japan's gross domestic product (GDP) expanded 1.0 percent in January-March from the previous quarter after a revised 0.0 percent result for October-December last year. The recovery was mostly due to solid consumer spending, post-quake rebuilding and rising exports. 2012-05-17
Japan’s GDP Contracts 0.1 Percent in the Fourth Quarter The Japanese economy has contracted 0.1 percent (seasonally adjusted) in October-December of 2012 over the previous quarter, marking the third consecutive quarter of declining output. 2013-02-14	Japan GDP Contracts 0.6% in Q4 Japan's economy shrank 0.6 percent in the October-December quarter compared with the previous three months as slowing global trade, a strong currency and disruption from severe floods in Thailand all took their toll. 2012-02-13
Japan's Economy Contracts 0.9 Percent in Q3 Japan’s economy contracted by 0.9 per cent in the third quarter, against expectation, as a result of weak exports and softer consumer spending while public investment in last year disaster-stricken region faded. 2012-12-11	Japan GDP Revised Down in Q3 Japan's economy rebounded in the third quarter at a slightly slower pace than initially estimated as companies pulled back on capital spending, worried that yen strength and slowing global growth will hurt exports. 2011-12-09
Japan's Economy Expands 0.3% in Q2 Japan’s economy grew by just 0.3 per cent in the second quarter, lower than expected, as weak exports and softer consumer spending offset continuing strong public investment in last year disaster-stricken region. 2012-08-13	Japan's Economy Grows 1.5% in Q3 Japan’s economy expanded 1.5% between July and September, returning to growth after three consecutive quarters of contraction, the Cabinet Office said on November 14th. 2011-11-17
Japan's GDP Growth Revised Up in Q1 Japan's economy grew 1.2%, more than the initial estimate of 1% in the first three months of the year from the preceding quarter, indicating that the country is slowly regaining the growth momentum. 2012-06-11

GDP Growth Rate | Notes

The GDP Growth Rate shows a percentage change in the seasonally adjusted GDP value in the certain quarter, compared to the previous quarter. Because of climatic conditions and holidays, the intensity of the production varies throughout the year. This makes a direct comparison of two consecutive quarters difficult. In order to adjust for these conditions, many countries calculate the quarterly GDP using so called seasonally adjusted method. The Gross Domestic Product can be determined using three different approaches: the product, the income, and the expenditure technique, which should give the same result. In sum, the product technique sums the outputs of every class of enterprise. The expenditure technique works on the principle that every product must be bought by somebody, therefore the value of the total product must be equal to people's total expenditures in buying products and services. The income technique works on the principle that the incomes of the productive factors must be equal to the value of their product, and determines GDP by finding the sum of all producers' incomes.

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