Japan GDP Growth Rate  1980-2016 | Data | Chart | Calendar | Forecast

The Japanese economy contracted 0.3 percent on quarter in the three months to December of 2015, compared to an initial estimate of a 0.4 percent contraction. Business spending grew faster than expected while private consumption fell more than anticipated, final figures showed. GDP Growth Rate in Japan averaged 0.48 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.

Japan GDP Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
-0.30 0.30 3.20 -4.00 1980 - 2015 percent Quarterly
Japan's industrialized, free market economy is the fourth 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 Growth Rate - actual data, historical chart and calendar of releases - was last updated on April of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-12-07 11:50 PM Q3 0.3% -0.1% 0% 0.1%
2016-02-14 11:50 PM Q4 -0.4% 0.3% -0.3% -0.1%
2016-03-07 11:50 PM Q4 -0.3% 0.3% -0.4% -0.4%
2016-05-17 11:50 PM Q1 -0.3% 0.2%
2016-06-07 11:50 PM Q1 -0.3%
2016-08-14 11:50 PM Q2 0.5%

Japan GDP Shrinks Less than Expected


The Japanese economy contracted 0.3 percent on quarter in the three months to December of 2015, compared to an initial estimate of a 0.4 percent contraction. Business spending grew faster than expected while private consumption fell more than anticipated, final figures showed.

Domestic demand declined 0.4 percent, lower than a preliminary reading of a 0.5 percent contraction and subtracted 0.4 percentage points off growth.
 
Private consumption went down 0.9 percent, compared to an initial estimate of a 0.8 percent drop and diminishing 0.5 percentage points to growth. Private residential investment fell 1.2 percent, in line with estimates while private non-residential investment grew 1.5, higher than a preliminary of 1.4 percent, adding 0.2 percent to growth. Inventories made no contribution to growth, compared to earlier estimates of a 0.1 percentage point subtraction.
 
Public investment shrank 3.4 percent, more than anticipated (-2.7 percent) and subtracted 0.2 percent off growth while government spending rose more than expected by 0.6 percent (0.5 percent in the first estimate), adding 0.1 percent.
 
External demand contributed 0.1 percentage point to growth: exports declined 0.8 percent (-0.9 percent in the preliminary estime) while imports fell at a faster 1.4 percent (in line with earlier figures) .
 
On an annualized basis, the economy contracted 1.1 percent, compared to a preliminary reading of a 1.4 percent drop.

Cabinet Office | Joana Taborda | joana.taborda@tradingeconomics.com
3/8/2016 12:17:17 AM

Japan GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.30 0.30 3.20 -4.00 percent [+]
GDP Annual Growth Rate 0.70 1.70 9.40 -9.40 percent [+]
GDP Growth Annualized -1.10 1.40 12.90 -15.10 percent [+]
GDP 4601.46 4919.56 5954.48 44.30 USD Billion [+]
GDP Constant Prices 527996.90 529410.50 534993.40 263584.00 JPY Billion [+]
Gross National Product 538264.20 537399.70 538264.20 263297.50 JPY Billion [+]
Gross Fixed Capital Formation 107018.20 106912.80 132062.90 71463.10 JPY Billion [+]
GDP per capita 37595.18 37573.37 37595.18 7079.43 USD [+]
GDP per capita PPP 35634.97 35614.31 35634.97 29549.50 USD [+]
GDP From Agriculture 6277.20 6467.90 7549.80 6004.90 JPY Billion [+]
GDP From Construction 28205.10 27205.40 42167.10 25584.40 JPY Billion [+]
GDP From Manufacturing 111231.70 109583.80 111580.50 81251.50 JPY Billion [+]
GDP From Mining 193.80 190.90 515.20 179.70 JPY Billion [+]
GDP From Public Administration 30779.50 30810.70 31042.60 25527.60 JPY Billion [+]
GDP From Services 95137.40 96259.60 96295.10 72051.80 JPY Billion [+]
GDP From Transport 24319.00 23727.30 27093.60 22407.80 JPY Billion [+]
GDP From Utilities 7612.40 7674.10 12212.00 7531.90 JPY Billion [+]




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