Japan GDP Growth Rate  1980-2016 | Data | Chart | Calendar | Forecast

The Japanese economy contracted 0.3 percent on quarter in the three months to December of 2015, compared to an initial estimate of a 0.4 percent contraction. Business spending grew faster than expected while private consumption fell more than anticipated, final figures showed. GDP Growth Rate in Japan averaged 0.48 percent from 1980 until 2015, 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
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Actual Previous Highest Lowest Dates Unit Frequency
-0.30 0.30 3.20 -4.00 1980 - 2015 percent Quarterly
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 April of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-12-07 11:50 PM Q3 0.3% -0.1% 0% 0.1%
2016-02-14 11:50 PM Q4 -0.4% 0.3% -0.3% -0.1%
2016-03-07 11:50 PM Q4 -0.3% 0.3% -0.4% -0.4%
2016-05-17 11:50 PM Q1 -0.3% 0.4%
2016-06-07 11:50 PM Q1 -0.3%
2016-08-14 11:50 PM Q2 0.5%

Japan GDP Shrinks Less than Expected


The Japanese economy contracted 0.3 percent on quarter in the three months to December of 2015, compared to an initial estimate of a 0.4 percent contraction. Business spending grew faster than expected while private consumption fell more than anticipated, final figures showed.

Domestic demand declined 0.4 percent, lower than a preliminary reading of a 0.5 percent contraction and subtracted 0.4 percentage points off growth.
 
Private consumption went down 0.9 percent, compared to an initial estimate of a 0.8 percent drop and diminishing 0.5 percentage points to growth. Private residential investment fell 1.2 percent, in line with estimates while private non-residential investment grew 1.5, higher than a preliminary of 1.4 percent, adding 0.2 percent to growth. Inventories made no contribution to growth, compared to earlier estimates of a 0.1 percentage point subtraction.
 
Public investment shrank 3.4 percent, more than anticipated (-2.7 percent) and subtracted 0.2 percent off growth while government spending rose more than expected by 0.6 percent (0.5 percent in the first estimate), adding 0.1 percent.
 
External demand contributed 0.1 percentage point to growth: exports declined 0.8 percent (-0.9 percent in the preliminary estime) while imports fell at a faster 1.4 percent (in line with earlier figures) .
 
On an annualized basis, the economy contracted 1.1 percent, compared to a preliminary reading of a 1.4 percent drop.

Cabinet Office | Joana Taborda | joana.taborda@tradingeconomics.com
3/8/2016 12:17:17 AM


Recent Releases

Japanese Economy Contracts 0.4% in Q4
The Japanese GDP shrank 0.4 percent on quarter in the last three months of 2015, dragged down by a fall in private consumption and housing investment, preliminary estimates showed. Figures came worse than market expectations of a 0.3 percent contraction and compare with a 0.3 percent expansion in the third quarter of 2015.
Published on 2016-02-15

Japanese Economy Avoids Recession in Q3
The GDP in Japan advanced 0.3 percent on quarter in the three months to September of 2015, compared to an initial estimate of a 0.2 percent contraction and beating forecasts for a flat reading. Capital expenditure increased while inventories shrank less than expected, final figures showed.
Published on 2015-12-08

Japan GDP Contracts 0.2% in Q3
The Japanese economy shrank 0.2 percent on quarter in the three months to September of 2015, the same as a downwardly revised 0.2 percent drop in the previous period and worse than market expectations of a 0.1 percent contraction. It was the second straight quarter of contraction as growth in private consumption was not enough to offset a fall in capital expenditure and inventories, preliminary estimates showed.
Published on 2015-11-16

Japan GDP Growth Revised Up to -0.3% in Q2
The Japanese economy shrank 0.3 percent quarter-on-quarter in the second quarter of 2015, upwardly revised from an initial estimate of 0.4 percent contraction. It is the first contraction since the third quarter of 2014, as contribution from private inventories able to offset a decline in private and external demand.
Published on 2015-09-08

Japan GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.30 0.30 3.20 -4.00 percent [+]
GDP Annual Growth Rate 0.70 1.70 9.40 -9.40 percent [+]
GDP Growth Annualized -1.10 1.40 12.90 -15.10 percent [+]
GDP 4601.46 4919.56 5954.48 44.30 USD Billion [+]
GDP Constant Prices 527996.90 529410.50 534993.40 263584.00 JPY Billion [+]
Gross National Product 538264.20 537399.70 538264.20 263297.50 JPY Billion [+]
Gross Fixed Capital Formation 107018.20 106912.80 132062.90 71463.10 JPY Billion [+]
GDP per capita 37595.18 37573.37 37595.18 7079.43 USD [+]
GDP per capita PPP 35634.97 35614.31 35634.97 29549.50 USD [+]
GDP From Agriculture 6277.20 6467.90 7549.80 6004.90 JPY Billion [+]
GDP From Construction 28205.10 27205.40 42167.10 25584.40 JPY Billion [+]
GDP From Manufacturing 111231.70 109583.80 111580.50 81251.50 JPY Billion [+]
GDP From Mining 193.80 190.90 515.20 179.70 JPY Billion [+]
GDP From Public Administration 30779.50 30810.70 31042.60 25527.60 JPY Billion [+]
GDP From Services 95137.40 96259.60 96295.10 72051.80 JPY Billion [+]
GDP From Transport 24319.00 23727.30 27093.60 22407.80 JPY Billion [+]
GDP From Utilities 7612.40 7674.10 12212.00 7531.90 JPY Billion [+]




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