Japan’s GDP contracted 0.6% qoq in Q3 2025, deeper than the flash estimate of a 0.4% decline and market forecasts for a 0.5% drop. The latest figure followed a downwardly revised 0.5% growth in Q2 and marked the first quarterly contraction since Q1 2024, with business spending slipping for the first time in three quarters (-0.2%, compared with the flash estimate of a 1.0% gain and missing forecasts for a 0.4% growth, after a 1.3% rise in Q2). The weaker reading highlighted ongoing pressure from higher borrowing costs. Private consumption remained soft, edging up 0.2%, slightly above both the preliminary estimate and consensus of 0.1%, but slower than a 0.3% rise in Q2. Government spending also eased (0.2%, compared with the flash reading of 0.5% and after a 0.3% rise previously). Net trade added further drag (-0.2ppts), with exports (-1.2% vs 2.3% in Q2) falling faster than imports (-0.1% vs 1.3%) after Washington imposed a 15% baseline tariff on most Japanese goods in September. source: Cabinet Office, Japan

The Gross Domestic Product (GDP) in Japan contracted 0.60 percent in the third quarter of 2025 over the previous quarter. GDP Growth Rate in Japan averaged 0.42 percent from 1980 until 2025, reaching an all time high of 5.30 percent in the third quarter of 2020 and a record low of -7.60 percent in the second quarter of 2020. This page provides - Japan GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Japan GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2026.

The Gross Domestic Product (GDP) in Japan contracted 0.60 percent in the third quarter of 2025 over the previous quarter. GDP Growth Rate in Japan is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Japan GDP Growth Rate is projected to trend around 0.40 percent in 2027 and 0.50 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-11-16 11:50 PM
QoQ Prel
Q3 -0.4% 0.6% -0.6% -0.4%
2025-12-07 11:50 PM
QoQ Final
Q3 -0.6% 0.5% -0.5% -0.4%
2026-02-15 11:50 PM
QoQ Prel
Q4 -0.6%

Components Last Previous Unit Reference
GDP Growth Net Trade Contribution -0.20 0.10 percentage points Sep 2025

Related Last Previous Unit Reference
Full Year GDP Growth 0.10 1.90 percent Dec 2024
GDP Annual Growth Rate 1.10 2.00 percent Sep 2025
GDP Constant Prices 561765.30 564261.90 JPY Billion Sep 2025
GDP from Agriculture 5899.90 5846.30 JPY Billion Dec 2024
GDP from Construction 31263.60 33235.90 JPY Billion Dec 2024
GDP from Manufacturing 110990.40 117803.70 JPY Billion Dec 2024
GDP from Mining 210.10 213.60 JPY Billion Dec 2024
GDP from Public Administration 28319.80 27748.90 JPY Billion Dec 2024
GDP from Services 24487.50 25345.00 JPY Billion Dec 2024
GDP from Transport 32462.70 31309.90 JPY Billion Dec 2024
GDP from Utilities 18737.60 17352.40 JPY Billion Dec 2024
GDP Growth Annualized -2.30 2.10 percent Sep 2025
GDP Growth Rate -0.60 0.50 percent Sep 2025
GDP Capital Expenditure 154609.20 157082.10 JPY Billion Sep 2025
Gross National Product 596734.80 593836.00 JPY Billion Sep 2025


Japan GDP Growth Rate
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.
Actual Previous Highest Lowest Dates Unit Frequency
-0.60 0.50 5.30 -7.60 1980 - 2025 percent Quarterly
SA

News Stream
Japan Q3 GDP Shrinks More than Initially Anticipated
Japan’s GDP contracted 0.6% qoq in Q3 2025, deeper than the flash estimate of a 0.4% decline and market forecasts for a 0.5% drop. The latest figure followed a downwardly revised 0.5% growth in Q2 and marked the first quarterly contraction since Q1 2024, with business spending slipping for the first time in three quarters (-0.2%, compared with the flash estimate of a 1.0% gain and missing forecasts for a 0.4% growth, after a 1.3% rise in Q2). The weaker reading highlighted ongoing pressure from higher borrowing costs. Private consumption remained soft, edging up 0.2%, slightly above both the preliminary estimate and consensus of 0.1%, but slower than a 0.3% rise in Q2. Government spending also eased (0.2%, compared with the flash reading of 0.5% and after a 0.3% rise previously). Net trade added further drag (-0.2ppts), with exports (-1.2% vs 2.3% in Q2) falling faster than imports (-0.1% vs 1.3%) after Washington imposed a 15% baseline tariff on most Japanese goods in September.
2025-12-08
Japan Q3 GDP Shrinks Less than Expected
Japan’s GDP contracted 0.4% qoq in Q3 2025, reversing an upwardly revised 0.6% growth in Q2 but performing slightly better than market expectations of a 0.6% decline, preliminary data showed. It was the first quarterly drop since Q1 2024, reflecting subdued private consumption (0.1% vs 0.4%) amid lingering cost pressures, particularly elevated rice prices and rising utility bills. Net trade also contributed negatively (-0.2 ppts), with exports (-1.2% vs 2.3%) falling faster than imports (-0.1% vs 1.3%) after Washington imposed a 15% baseline tariff on most Japanese goods in September. Still, government spending (0.5% vs 0.1%) and business investment (1.0% vs 0.8%) recorded their strongest gains in five quarters, supported by front-loaded public works and corporate upgrades to production capacity. The latest print comes as Prime Minister Sanae Takaichi’s administration prepares a stimulus package to ease rising living-cost pressures and support exporters facing higher U.S. tariffs.
2025-11-17
Japan's Q2 GDP Growth Revised Higher, Ishiba Resignation Clouds Outlook
Japan’s GDP expanded 0.5% qoq in Q2 2025, beating a flash estimate of 0.3% and picking up from an upwardly revised 0.1% in Q1. It was the fifth straight quarterly growth, driven largely by upward revision in private consumption (0.4% vs 0.2% in flash data, after a flat Q1). Government spending was flat after a 0.5% drop previously. Net trade added 0.3ppts, as exports rebounded (2.0% vs -0.3% in Q1) while imports slowed sharply (0.6% vs 2.9%). Exporters rushed shipments ahead of U.S. tariffs, while automakers cushioned the hit from rising duties by cutting prices to sustain production. Business investment grew 0.6%, revised down from 1.3% and below forecasts of 1.2%, reflecting the drag from higher borrowing costs, after a 0.7% increase in Q1. Meanwhile, the sudden resignation of Prime Minister Shigeru Ishiba injected political uncertainty, raising concerns that delays in fiscal support or reform measures could weigh on business sentiment and household confidence in the coming months.
2025-09-08