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

The Gross Domestic Product (GDP) in Japan contracted 0.50 percent in the third quarter of 2014 over the previous quarter. GDP Growth Rate in Japan averaged 0.49 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.

      Forecast    
Japan GDP Growth Rate


Actual Previous Highest Lowest Dates Unit Frequency
-0.50 -1.90 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, December 22, 2014.


Japanese Economy Shrinks 0.5% in Q3


Japan's GDP contracted 0.5 percent quarted-on-quarter in July to September period, against a preliminary reading of a 0.4 percent drop as capital expenditure fell more than previously estimated and public demand was weaker.

Private demand declined 0.9 percent subtracting 0.7 percentage point from the growth. Private consumption, which accounts for about 60 percent of the economy, rose only 0.4 percent. Housing investment decreased 6.8 percent (-6.7 percent reported in the preliminary reading). Capital spending dropped 0.4 percent (-0.2 percent reported in the preliminary reading) and subtracted additional 0.1 percent from GDP number. The 0.5 percent negative contribution from private inventory remained unchanged.

Public demand increased 0.5 percent (0.7 percent reported in the preliminary reading) and added 0.1 percent to the growth (0.2 in preliminary reading).

External demand contribution to the growth remained the same at 0.1 percentage point.

The third quarter gross domestic product figure translated into an annualised contraction of 1.9 percent against a preliminary reading of a 1.6 percent drop.

ESRI | anna@tradingeconomics.com
12/8/2014 12:24:49 AM


Recent Releases

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Japanese economy shrank 0.4 percent from July to September, after a 1.9 percent contraction in the previous quarter. Rise in public demand and net exports were not enough to offset a decline in private demand. Published on 2014-11-17


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-09-08 12:50 AM
GDP Growth Rate QoQ Final  Q2
-1.8% 1.5% (R) -1.8% -1.7%
2014-11-16 11:50 PM
GDP Growth Rate QoQ Prel  Q3
-0.4% -1.9% (R) 0.5% 0.3%
2014-12-07 11:50 PM
GDP Growth Rate QoQ Final  Q3
-0.5% -1.9% -0.4% -0.4%
2015-02-15 11:50 PM
GDP Growth Rate QoQ Prel  Q4
-1.36%
2015-03-08 11:50 PM
GDP Growth Rate QoQ Final  Q4
2015-05-15 12:50 AM
GDP Growth Rate QoQ Prel  Q1
-1.5%


Japan GDP Last Previous Highest Lowest Unit
GDP 4901.00 5938.00 5938.00 44.30 USD Billion [+]
GDP Growth Rate -0.50 -1.90 3.20 -4.00 percent [+]
GDP Growth Annualized -1.90 -7.30 12.90 -14.90 percent [+]
GDP Annual Growth Rate -1.20 -0.20 9.40 -9.40 percent [+]
GDP Constant Prices 523758.40 525001.90 535034.40 263584.00 JPY Billion [+]
Gross National Product 519768.70 521099.80 533789.00 456298.30 JPY Billion [+]
GDP per capita 37432.91 36800.99 37432.91 7079.44 USD [+]
Gross Fixed Capital Formation 107001.60 108284.70 130410.40 96469.30 JPY Billion [+]
GDP per capita PPP 35481.11 34882.14 35481.11 29549.51 USD [+]


GDP Growth Rate Reference Previous Highest Lowest Unit
Australia 0.30 Aug/14 0.50 4.50 -2.00 percent [+]
Brazil 0.10 Aug/14 -0.60 4.50 -4.20 percent [+]
Canada 0.70 Aug/14 0.90 3.33 -1.80 percent [+]
China 1.90 Aug/14 2.00 2.50 1.40 percent [+]
Euro Area 0.20 Aug/14 0.10 1.30 -2.80 percent [+]
France 0.30 Aug/14 -0.10 1.60 -1.70 percent [+]
Germany 0.10 Aug/14 -0.10 2.10 -3.70 percent [+]
India 1.20 May/14 1.90 5.80 -1.90 percent [+]
Indonesia 2.96 Aug/14 2.49 3.82 -3.57 percent [+]
Italy -0.10 Aug/14 -0.20 6.00 -3.50 percent [+]
Japan -0.50 Aug/14 -1.90 3.20 -4.00 percent [+]
Mexico 0.50 Aug/14 0.90 2.90 -6.60 percent [+]
Netherlands 0.20 Aug/14 0.60 2.00 -2.20 percent [+]
Russia 0.04 Aug/14 0.14 4.10 -5.40 percent [+]
South Korea 0.90 Aug/14 0.50 6.80 -7.00 percent [+]
Spain 0.50 Aug/14 0.50 1.53 -1.60 percent [+]
Switzerland 0.60 Aug/14 0.30 1.90 -2.20 percent [+]
Turkey 0.40 Aug/14 -0.50 6.69 -7.57 percent [+]
United Kingdom 0.70 Aug/14 0.90 5.00 -2.70 percent [+]
United States 3.90 Aug/14 4.60 16.90 -10.00 percent [+]