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

The Gross Domestic Product (GDP) in Japan contracted 1.70 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.

   
 
 
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Japan GDP Growth Rate


Actual Previous Highest Lowest Dates Unit Frequency
-1.70 1.60 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, September 1, 2014.


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.

Private consumption, which accounts for about 60 percent of the economy, declined 5 percent as households reduced spending after an increase in sales tax to 8 percent from 5 percent in April. 

Private residential investment shrank by 10.3 percent while business investment fell only 2.5 percent.

Public demand grew 0.2 percent as decrease in public investment was offset by rise in government consumption.

Exports of goods and services declined 0.2 percent while imports dropped by 5.6 percent.

On an annualised basis the world's third-largest economy shrank 6.8 percent, less than a median market forecast for a 7.1 percent drop and following a 6.1 percent increase in January-March.

Anna Fedec | anna@tradingeconomics.com
8/13/2014 1:30:08 AM


Recent Releases

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

Japan GDP Growth Picks Up Sharply in Q1
Japanese economy expanded 1.5 percent in the first three months of 2014, the fastest since third quarter of 2011, as consumer spending surged before April sales tax increase. Published on 2014-05-15


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-03-09 11:50 PM Japan
GDP Growth Rate QoQ Final
Q4 2013 0.2% 0.3% 0.3% 0.3%
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 1.6%


GDP Last Previous Highest Lowest Unit
GDP 5960.00 5900.00 5960.00 44.30 USD Billion [+]
GDP Growth Rate -1.70 1.60 3.20 -4.00 Percent [+]
Gdp Growth Annualized -6.80 6.10 12.90 -15.00 Percent [+]
GDP Annual Growth Rate -0.10 3.00 9.40 -9.40 Percent [+]
GDP Constant Prices 525801.70 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 109953.40 113609.60 130410.40 96469.30 JPY Billion [+]
GDP per capita PPP 31425.49 30764.24 31635.88 17834.51 USD [+]


GDP Growth Rate Reference Previous Highest Lowest Unit
Australia 1.10 Mar/14 0.80 4.50 -2.00 Percent [+]
Brazil -0.60 Jun/14 -0.20 4.50 -4.20 Percent [+]
Canada 0.80 Jun/14 0.20 3.33 -1.80 Percent [+]
China 2.00 Jun/14 1.50 2.50 1.40 Percent [+]
Euro Area 0.00 Jun/14 0.20 1.30 -2.80 Percent [+]
France 0.00 Jun/14 0.00 1.60 -1.70 Percent [+]
Germany -0.20 Jun/14 0.70 2.10 -3.70 Percent [+]
India 2.10 Mar/14 1.10 5.80 -1.90 Percent [+]
Indonesia 2.47 Jun/14 0.97 3.82 -3.57 Percent [+]
Italy -0.20 Jun/14 -0.10 6.00 -3.50 Percent [+]
Japan -1.70 Jun/14 1.60 3.20 -4.00 Percent [+]
Mexico 1.00 Jun/14 0.44 2.90 -6.60 Percent [+]
Netherlands 0.50 Jun/14 -0.40 2.00 -2.20 Percent [+]
Russia -0.30 Mar/14 0.30 4.10 -5.40 Percent [+]
South Korea 0.60 Jun/14 0.90 6.80 -7.00 Percent [+]
Spain 0.60 Jun/14 0.40 1.53 -1.60 Percent [+]
Switzerland 0.50 Mar/14 0.20 1.90 -2.20 Percent [+]
Turkey 1.70 Mar/14 0.90 6.69 -7.57 Percent [+]
United Kingdom 0.80 Jun/14 0.80 5.30 -2.50 Percent [+]
United States 4.20 Jun/14 -2.10 16.90 -10.00 Percent [+]





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