Japan GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Japan expanded 0.20 percent in the first quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Japan is reported by the the Cabinet Office. Historically, from 1981 until 2013, Japan GDP Annual Growth Rate averaged 2.10 Percent reaching an all time high of 9.40 Percent in March of 1988 and a record low of -9.40 Percent in March 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 includes a chart with historical data for Japan GDP Annual Growth Rate.