Japan GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Japan expanded 2.60 percent in the fourth quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Japan is reported by the Cabinet Office, Japan. GDP Annual Growth Rate in Japan averaged 2.08 Percent from 1981 until 2013, reaching an all time high of 9.40 Percent in the first quarter of 1988 and a record low of -9.40 Percent in the first quarter of 2009. Japan’s economy, the second largest in the world, is fully diversified and technologically advanced. Like in most developed countries, services account for the highest percentage of GDP (around 62 percent of GDP). Within services the most important once are wholesale and retail trade (around 7 percent of GDP) and real estate (around 6 percent of GDP). Manufacturing is the engine of the Japanese economy and accounts for nearly 22 percent of GDP. Construction also plays a significant role, accounting for around 5 percent of GDP. This page provides - Japan GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
2.60 2.30 9.40 -9.40 3.50 | 2014/03 1981 - 2013 Percent Quarterly

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Japan GDP Annual Growth Rate
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CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-03-07 11:50 PM Japan
GDP Annual Growth Rate YoY Final
Q4 2012 0.5% 0.3%
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GDP Last Previous Highest Lowest Forecast Unit
GDP Constant Prices 528044.10 2013-11-15 527161.90 529732.70 442493.10 510752.90 2014-06-30 JPY Billion [+]
Gdp Growth Annualized 0.70 2013-11-15 1.10 10.70 -15.20 4.50 2014-03-31 Percent [+]
Gross Fixed Capital Formation 108421.70 2013-11-15 106833.40 130410.40 96469.30 109441.53 2014-03-31 JPY Billion [+]
Gross National Product 525147.90 2013-11-15 525173.10 533789.00 456298.30 529535.15 2014-03-31 JPY Billion [+]
GDP Growth Rate 0.20 2013-12-31 0.30 3.20 -4.00 1.14 2014-03-31 Percent [+]
GDP Annual Growth Rate 2.60 2013-12-31 2.30 9.40 -9.40 3.50 2014-03-31 Percent [+]
GDP per capita 36938.01 2012-12-31 36160.76 37185.30 7079.44 36775.96 2014-06-30 USD [+]
GDP per capita PPP 31425.49 2012-12-31 30764.24 31635.88 17834.51 31287.63 2014-06-30 USD [+]
GDP 5960.00 2012-12-31 5900.00 5960.00 44.30 6002.79 2014-06-30 USD Billion [+]
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GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


RELATED NEWS

Japanese Trade Deficit Widens in March  
Japan’s trade gap increased to a wider-than-expected ¥ 1446.3 billion in March of 2014, up from a revised ¥ 802.5 billion deficit in the previous month and a ¥ 356.9 billion gap a year earlier, as energy imports continued to rise.
Bank of Japan Leaves Monetary Stimulus Unchanged  
At its April 8th, 2014 meeting, the Bank of Japan maintained its commitment to increase base money at an annual pace of 60 trillion to 70 trillion yen, as widely expected, despite a sales tax hike, saying the economy is recovering moderately.
Japan Unemployment Rate Falls to 3.6% in February  
Japan's jobless rate declined to the lowest in more than six years in February and the availability of jobs improved to the highest in more than six years.
Japan Annual Inflation Rate Up 1.5% in February  
The consumer price index for Japan in February 2014 was 100.7 (2010=100), the same level as the previous month, and up 1.5% over the year.
Japan Marks a Record 20-Month Run of Trade Deficits  
Japanese trade balance came to a deficit of ¥800.3 billion in February of 2014, narrower than a record gap of ¥2.8 trillion reported in January of 2014 but larger than a deficit of ¥781.3 billion reported in the same month of 2013.
BoJ Leaves Monetary Policy Unchanged  
Bank of Japan decided on March 11th to leave the monetary policy steady and keep buying enough government bonds to boost monetary base at an annual pace of about 60-70 trillion yen, saying the economy was picking up.
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.
Japanese Unemployment Rate Unchanged at 3.7% in January  
Japan's jobless rate held steady at the lowest level in six years in January and the number of employed persons increased 0.5% to 62.62 million.
Japanese Inflation Rate Levells Off in January  
Japan's consumer price index increased 1.4 percent on a year in January, down from 1.6 percent reported a month earlier. The cost of energy, transportation and food increased the most while prices of housing and medical care decreased.
Japan Reports Record Trade Deficit in January  
Japanese trade deficit widened to 2.79 trillion yen in January of 2014 from 1.6 trillion yen reported in the same month of 2013. Imports surged 25 percent while exports grew only 9.5 percent.
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LATEST NEWS

US New Home Sales Fall Sharply in March  
Sales of new single-family houses dropped 14.5 percent in March of 2014 to their lowest level in eight months. Sales were recorded at a seasonally adjusted annual rate of 384,000, below the revised February rate of 449,000.
US Markit Manufacturing PMI Steady in April  
At 55.4 in April, the Markit Flash U.S. Manufacturing PMI was down fractionally from 55.5 in March, but still well above the neutral 50.0 value. Sharper rates of output and new business growth boosted the Manufacturing PMI during April, while the main negative influence on the headline index was a rise in the suppliers’ delivery times component.
Bank of Thailand Leaves Interest Rate Unchanged  
At its April 23rd, 2014 meeting, the Monetary Policy Committee left the benchmark interest rate on hold at 2.0 percent. Policymakers expect 2014 growth to be lower than previous assessed due to prolonged political unrest.
South Africa Inflation Rate Back to 6%  
South African annual consumer prices accelerated for the fourth straight month in March of 2014 to a six-month high 6 percent. On a monthly basis, prices advanced 1.3 percent, the fastest pace in five years.
Singapore Inflation Rate Edges Up in March  
Annual consumer prices rose 1.2 percent in March of 2014, up from a 0.4 percent increase in February, mainly due to a smaller fall in car prices. Contributions from all other major categories, except accommodation, were also slightly higher.
Australia Inflation Rate Accelerates Further in Q1  
Australian annual consumer prices advanced 2.9 percent in the first three months of 2014, up from 2.7 percent in the previous quarter, but below market forecasts. The rise was driven by seasonal increases in cost of healthcare, transport and school fees, and by a large hike in tobacco duties.
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Mexican unadjusted jobless rate rose to 4.8 percent in March of 2014, up from 4.65 percent in February and 4.51 percent a year earlier. Upon seasonal adjustment, the unemployment rate rose to its highest in more than one year to 5.25 percent.
Hong Kong Unemployment Rate Unchanged in March  
Hong Kong’ seasonally adjusted jobless rate remained steady at 3.1 percent for the third consecutive period in January to March of 2014, down from 3.5 percent a year earlier.
Hong Kong Inflation Rate Unchanged in March  
Hong Kong annual consumer prices rose 3.9 percent in March of 2014, the same rate recorded in February. In the first quarter of 2014, the inflation rate rose by 4.2 percent over a year earlier. The corresponding increase after netting out the effects of all Government's one-off relief measures was 3.8 percent.
China Cuts Reserve Ratio for Rural Banks  
The People's Bank of China decided to cut the reserve requirement ratio by 2 percentage points for rural commercial banks and by 0.5 percentage point for rural credit cooperatives, aiming to stimulate growth in some parts of the country. The cut will be effective from April 25th, 2014.
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