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

The Gross Domestic Product (GDP) in Japan contracted 1.80 percent in the second quarter of 2014 over the previous quarter. GDP Growth Rate in Japan averaged 0.50 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
-1.80 1.50 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 Friday, October 31, 2014.


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.

Private consumption, which accounts for about 60 percent of the economy, declined 5.1 percent from 5 percent fall in the earlier estimate. Households reduced their spending after an increase in sales tax to 8 percent from 5 percent in April and many firms in the country were reluctant to allocate more capital spending.

The latest estimate showed private residential investment shrank by 10.4 percent from a 10.3 percent decrease, while business investment fell 5.1 percent from 2.5 percent.

Public demand showed no growth (0.0 percent from a 0.2 percent increase), as the decrease in public investment was unable to offset by fall in government consumption.

Exports of goods and services declined 0.5 percent from 0.4 percent contraction in the previous estimate while imports dropped by 5.6 percent, unchanged from the earlier projection.

On an annualised basis, the world's third-largest economy shrank 7.1 percent compared with a 6.8 percent contraction in the first estimate and following a revised 6.1 percent increase in January-March.

Cabinet Office l Rida l rida@tradingeconomics.com
9/8/2014 10:57:36 AM


Recent Releases

Japan GDP Shrinks 1.7% in Q2
Japanese economy contracted 1.7 percent from April to June on a quarter-on-quarter basis after a revised 1.5 percent expansion in the first quarter. As expected, sales tax hike in April took a heavy toll on household spending. Published on 2014-08-13

Japan GDP Grows More Than Expected
The Japanese economy advanced 1.6 percent quarter-on-quarter in the first three months of 2014, up from a preliminary 1.5 percent expansion, due to a surge in capital spending. Published on 2014-06-09


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-05-15 12:50 AM Japan
GDP Growth Rate QoQ Prel
Q1 2014 1.5% 0.1% (R) 1% 1.12%
2014-06-09 12:50 AM Japan
GDP Growth Rate QoQ Final
Q1 2014 1.6% 0.1% 1.5% 1.5%
2014-08-13 12:50 AM Japan
GDP Growth Rate QoQ Prel
Q2 2014 -1.7% 1.5% (R) -1.8% -1.5%
2014-09-08 12:50 AM Japan
GDP Growth Rate QoQ Final
Q2 2014 -1.8% 1.5% (R) -1.8% -1.7%
2014-11-16 11:50 PM Japan
GDP Growth Rate QoQ Prel
Q3 2014 -1.8% 0.1%


Japan GDP Last Previous Highest Lowest Unit
GDP 5960.00 5900.00 5960.00 44.30 USD Billion [+]
GDP Growth Rate -1.80 1.50 3.20 -4.00 Percent [+]
GDP Growth Annualized -7.10 6.00 12.90 -15.00 Percent [+]
GDP Annual Growth Rate -0.10 3.00 9.40 -9.40 Percent [+]
GDP Constant Prices 525250.60 535106.60 535106.60 263584.00 JPY Billion [+]
Gross National Product 521505.00 528537.40 533789.00 456298.30 JPY Billion [+]
GDP per capita 37432.91 36800.99 37432.91 7079.44 USD [+]
Gross Fixed Capital Formation 107966.90 113609.60 130410.40 96469.30 JPY Billion [+]
GDP per capita PPP 35481.11 34882.14 35481.11 29549.51 USD [+]