Japan GDP Growth Rate  1980-2017 | Data | Chart | Calendar | Forecast

The Japanese economy advanced 0.5 percent on quarter in the March quarter of 2017, following a 0.3 percent growth in the previous period and above market consensus of a 0.4 percent growth, preliminary estimates showed. It was the strongest expansion since the first quarter 2016, supported by private consumption, exports and an unexpected rise in capital expenditure. On an annualised basis, the economy expanded 2.2 percent, compared to an upwardly revised 1.4 percent growth in the prior quarter and marking the fifth straight quarter of expansion, driven by continued strength in exports. GDP Growth Rate in Japan averaged 0.50 percent from 1980 until 2017, reaching an all time high of 3.20 percent in the second quarter of 1990 and a record low of -4.80 percent in the first quarter of 2009.

Japan GDP Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-02-12 11:50 PM Q4 0.2% 0.4% 0.3% 0.4%
2017-03-07 11:50 PM Q4 0.3% 0.3% 0.4% 0.3%
2017-05-17 11:50 PM Q1 0.5% 0.3% 0.4% 0.4%
2017-06-07 11:50 PM Q1 0.3% 0.5% 0.5%
2017-08-14 11:50 PM Q2 0.23%
2017-09-07 11:50 PM Q2




Japan GDP Growth Strongest In A Year In Q1


The Japanese economy advanced 0.5 percent on quarter in the March quarter of 2017, following a 0.3 percent growth in the previous period and above market consensus of a 0.4 percent growth, preliminary estimates showed. It was the strongest expansion since the first quarter 2016, supported by private consumption, exports and an unexpected rise in capital expenditure.

Compared to the December quarter 2016, private consumption rose 0.4 percent, following a stagnation in the previous period and adding 0.2 percentage point to growth.

Private non-residential investments/ capital expenditure unexpectedly increased by 0.2 percent, after declining 1.9 percent in the December quarter and beating market estimates of a 0.4 percent fall. Private residential investment grew by 0.7 percent, faster than a 0.4 percent rise in Q4.

External demand added 0.1 percentage points to growth, as exports of goods and services rose 2.1 percent (from 3.4 percent in the previous three months) while imports went up 1.4 percent (from 1.3 percent).

Government consumption gained 0.1 percent, the same as in the prior three months. Meanwhile, public investments fell 0.1 percent, much slower than a 3.0 percent fall in Q4 and giving no contribution to growth.

On an annualised basis, the economy expanded 2.2 percent, compared to an upwardly revised 1.4 percent growth in the prior quarter. It was the fifth straight quarter of expansion, driven by continued strength in exports. 

Cabinet Office | Rida Husna | rida@tradingeconomics.com
5/18/2017 10:18:54 AM



Japan GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.50 0.30 3.20 -4.80 percent [+]
GDP Annual Growth Rate 1.60 1.70 9.40 -8.80 percent [+]
GDP Growth Annualized 2.20 1.40 12.90 -18.00 percent [+]
GDP 4383.10 4848.70 6203.20 44.30 USD Billion [+]
GDP Constant Prices 526779.30 523967.10 526779.30 263584.00 JPY Billion [+]
Gross National Product 549234.60 548270.30 549234.60 263297.50 JPY Billion [+]
Gross Fixed Capital Formation 122793.10 122495.10 141747.90 71463.10 JPY Billion [+]
GDP per capita 47150.40 46518.80 47150.40 8607.70 USD [+]
GDP per capita PPP 37872.46 37365.18 37872.46 30447.26 USD [+]
GDP From Agriculture 4700.10 6277.20 7549.80 4700.10 JPY Billion [+]
GDP From Construction 28188.70 28205.10 42167.10 25584.40 JPY Billion [+]
GDP From Manufacturing 103814.20 111231.70 111580.50 81251.50 JPY Billion [+]
GDP From Mining 233.30 193.80 515.20 179.70 JPY Billion [+]
GDP From Public Administration 30779.50 30810.70 31042.60 25527.60 JPY Billion [+]
GDP From Services 22201.40 95137.40 96295.10 22201.40 JPY Billion [+]
GDP From Transport 24766.70 24319.00 27093.60 22407.80 JPY Billion [+]
GDP From Utilities 8424.00 7612.40 12212.00 7531.90 JPY Billion [+]


Japan GDP Growth Rate Notes

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 May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.30 3.20 -4.80 1980 - 2017 percent Quarterly
SA



gdp growth rate by Country

Last
Turkey 3.80 Dec/16
India 1.60 Dec/16
China 1.30 Mar/17
Australia 1.10 Dec/16
South Korea 0.90 Mar/17
Spain 0.80 Mar/17
Mexico 0.70 Mar/17
United States 0.70 Mar/17
Canada 0.60 Dec/16
Germany 0.60 Mar/17
Euro Area 0.50 Mar/17
Japan 0.50 Mar/17
Netherlands 0.40 Mar/17
France 0.30 Mar/17
United Kingdom 0.30 Mar/17
Italy 0.20 Mar/17
Switzerland 0.10 Dec/16
Indonesia -0.34 Mar/17
Russia -0.57 Sep/15
Brazil -0.90 Dec/16