Japan GDP Growth Rate 1980-2015 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) in Japan expanded 0.60 percent in the first quarter of 2015 over the previous quarter. GDP Growth Rate in Japan averaged 0.49 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.

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Japan GDP Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
0.60 0.30 3.20 -4.00 1980 - 2015 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 Tuesday, May 26, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-02-15 11:50 PM Q4 0.6% -0.6% (R) 0.9% 1%
2015-03-08 11:50 PM Q4 0.4% -0.6% 0.6% 0.6%
2015-05-20 12:50 AM Q1 0.6% 0.3% (R) 0.4% 0.19%
2015-06-08 12:50 AM Q1 0.3% 0.6% 0.6%
2015-08-13 12:50 AM Q2 -1.4%
2015-09-08 12:50 AM Q2


Japanese GDP Growth Beats Expectations


Japanese economy expanded by 0.6 percent in the first quarter of 2015 following downwardly revised 0.3 percent rise in the last three months of 2014. The growth was supported by private demand as businesses increased spending boosting inventories and personal consumption was better than expected.

Private demand grew 1.1 percent contributing 0.8 percentage point to the expansion. Personal consumption rose 0.4 percent quarter-on-quarter, compared to downwardly revised 0.4 percent gain in the last three months of 2014. Business spending (private non-residential investments) increased just 0.4 percent, but revision was positive: a 0.1 percent fall in late 2014 is now flat and Inventory buildup added 0.5 percentage point to the growth. Private residential investment grew 1.8 percent.

Public demand declined by 0.2 percent with public investment subtracting 0.1 percentage point from the expansion.

Net exports subtracted 0.2 percentage point from the growth as exports rose 2.4 percent (+0.2 pp) and imports grew 2.9 percent (-0.4 pp).

The first quarter gross domestic product figure translated into an annualised expansion of 2.4 percent.

Statistics Bureau of Japan | anna@tradingeconomics.com
5/20/2015 8:33:40 AM


Recent Releases

Japan's GDP Growth Revised Down to 0.4% in Q4
Japan's GDP advanced 0.4 percent quarted-on-quarter in October to December period, against a preliminary reading of a 0.6 percent as upward revision in public demand was not enough to offset a weaker growth in private demand. Published on 2015-03-09

Japanese Economy Emerges from Recession
Japanese GDP advanced 0.6 percent in the last three months of 2014, following two consecutive quarters of contraction. The expansion came below market expectations as gains in exports and private consumption disappointed. Published on 2015-02-16


Japan GDP Last Previous Highest Lowest Unit
GDP 4901.00 5938.00 5938.00 44.30 USD Billion [+]
GDP Growth Rate 0.60 0.30 3.20 -4.00 percent [+]
GDP Growth Annualized 2.40 1.10 12.90 -15.00 percent [+]
GDP Annual Growth Rate -1.40 -0.90 9.40 -9.40 percent [+]
GDP Constant Prices 527283.00 524161.00 535019.90 263584.00 JPY Billion [+]
Gross National Product 532066.10 527245.30 534393.80 263297.50 JPY Billion [+]
GDP per capita 37432.91 36800.99 37432.91 7079.44 USD [+]
Gross Fixed Capital Formation 107084.60 106934.30 132062.90 71463.10 JPY Billion [+]
GDP per capita PPP 35481.11 34882.14 35481.11 29549.51 USD [+]


GDP Growth Rate Reference Previous Highest Lowest Unit
Australia 0.50 Nov/14 0.40 4.50 -2.00 percent [+]
Brazil 0.30 Nov/14 0.20 4.50 -4.20 percent [+]
Canada 0.60 Nov/14 0.80 3.33 -1.80 percent [+]
China 1.30 Feb/15 1.50 2.50 1.40 percent [+]
Euro Area 0.40 Feb/15 0.30 1.30 -2.90 percent [+]
France 0.60 Feb/15 0.00 1.60 -1.70 percent [+]
Germany 0.30 Feb/15 0.70 2.10 -3.70 percent [+]
India 1.60 Nov/14 2.20 5.80 -1.90 percent [+]
Indonesia -0.18 Feb/15 -2.06 3.83 -3.57 percent [+]
Italy 0.30 Feb/15 0.00 6.00 -3.50 percent [+]
Japan 0.60 Feb/15 0.30 3.20 -4.00 percent [+]
Mexico 0.40 Feb/15 0.70 2.90 -6.60 percent [+]
Netherlands 0.40 Feb/15 0.80 2.00 -2.20 percent [+]
Russia 0.00 Nov/14 0.00 4.10 -5.40 percent [+]
South Korea 0.80 Feb/15 0.30 6.80 -7.00 percent [+]
Spain 0.90 Feb/15 0.70 1.53 -1.60 percent [+]
Switzerland 0.60 Nov/14 0.70 1.90 -2.20 percent [+]
Turkey 0.70 Nov/14 0.50 6.69 -7.57 percent [+]
United Kingdom 0.30 Feb/15 0.60 5.00 -2.70 percent [+]
United States 0.20 Feb/15 2.20 16.90 -10.00 percent [+]