Japan GDP Growth Rate

The Gross Domestic Product (GDP) in Japan expanded 1.60 percent in the first quarter of 2014 over the previous quarter. GDP Growth Rate in Japan averaged 0.52 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
1.60 0.10 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.


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.

Second estimates confirmed the GDP rose at its fastest pace since the third quarter of 2011. 

Private consumption grew a seasonally adjusted 2.2 percent quarter-on-quarter, up from a preliminary estimate of 2.1 percent and 0.4 percent in the previous period. 

Capital spending increased sharply by 7.6 percent, more than the 4.9 percent growth initially estimated and marking its biggest gain since the last quarter of 2011. Meanwhile, housing investment was left unrevised at 3.1 percent.

Exports expanded 6 percent and imports increased at a fastest 6.3 percent, unchanged from the preliminary estimate. Public investment fell 2.7 percent and government consumption rose a meager 0.1 percent.

The annualized GDP growth was also upwardly revised to 6.7 percent quarter-on-quarter from a preliminary 5.9 percent.

Joana Taborda | joana.taborda@tradingeconomics.com
6/9/2014 9:31:55 AM


Recent Releases

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

Japan GDP Growth Revised Down to 0.2% in Q4
Japan's economy expanded 0.2 percent in the last three months of 2014 from the previous quarter, revised down from a preliminary 0.3 percent expansion due to slower growth in capital spending and private consumption. Published on 2014-03-10


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-02-16 11:50 PM Japan
GDP Growth Rate QoQ Prel
Q4 2013 0.3% 0.3% 0.7% 1.3%
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 1.6% -0.3%


GDP Last Previous Highest Lowest Unit
GDP 5960.00 5900.00 5960.00 44.30 USD Billion [+]
GDP Growth Rate 1.60 0.10 3.20 -4.00 Percent [+]
Gdp Growth Annualized 6.70 0.30 12.90 -15.00 Percent [+]
GDP Annual Growth Rate 3.00 2.50 9.40 -9.40 Percent [+]
GDP Constant Prices 536122.30 527864.40 536122.30 442493.10 JPY Billion [+]
Gross National Product 528695.40 524677.70 533789.00 456298.30 JPY Billion [+]
GDP per capita 37432.91 36800.99 37432.91 7079.44 USD [+]
Gross Fixed Capital Formation 113868.20 108787.70 130410.40 96469.30 JPY Billion [+]
GDP per capita PPP 31425.49 30764.24 31635.88 17834.51 USD [+]





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