Japan’s GDP grew 0.3% qoq in Q4 2025, higher than the flash estimate of 0.1% and in line with market expectations. The reading followed a 0.7% contraction in Q3, amid upward revisions to private consumption, business investment, and government spending. Private consumption, which accounts for more than half of the economy, was revised up to a 0.3% increase (vs 0.1% in an earlier estimate and after 0.5% growth in Q3), partly supported by Tokyo’s fiscal measures aimed at easing cost-of-living pressures. Business investment was also adjusted sharply higher to 1.2% (vs 0.2% previously, after flat growth in Q3), pointing to stronger corporate spending on capacity and equipment. Government spending rose 0.4% (vs 0.1% in the flash reading, after 0.1% in Q3), reflecting continued fiscal support. Meanwhile, net trade made no contribution to growth, as both exports (-0.3% vs -1.4%) and imports (-0.3% vs -0.1%) declined, partly due to softer external demand and weaker domestic import needs. source: Cabinet Office, Japan

The Gross Domestic Product (GDP) in Japan expanded 0.30 percent in the fourth 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 5.00 percent in the third quarter of 2020 and a record low of -7.20 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 March of 2026.

The Gross Domestic Product (GDP) in Japan expanded 0.30 percent in the fourth 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
2026-02-15 11:50 PM
QoQ Prel
Q4 0.1% -0.7% 0.4% 0.5%
2026-03-09 11:50 PM
QoQ Final
Q4 0.3% -0.7% 0.3% 0.1%
2026-05-14 11:50 PM
QoQ Prel
Q1 0.4%

Components Last Previous Unit Reference
GDP Growth Net Trade Contribution 0.00 -0.30 percentage points Dec 2025

Related Last Previous Unit Reference
Full Year GDP Growth 0.10 1.90 percent Dec 2024
GDP Annual Growth Rate 0.10 0.60 percent Dec 2025
GDP Constant Prices 589727.60 589417.70 JPY Billion Dec 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 1.30 -2.60 percent Dec 2025
GDP Growth Rate 0.30 -0.70 percent Dec 2025
GDP Capital Expenditure 107469.80 106054.40 JPY Billion Dec 2025
Gross National Product 618448.60 621427.50 JPY Billion Dec 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
0.30 -0.70 5.00 -7.20 1980 - 2025 percent Quarterly
SA

News Stream
Japan Q4 GDP Growth Revised Upward
Japan’s GDP grew 0.3% qoq in Q4 2025, higher than the flash estimate of 0.1% and in line with market expectations. The reading followed a 0.7% contraction in Q3, amid upward revisions to private consumption, business investment, and government spending. Private consumption, which accounts for more than half of the economy, was revised up to a 0.3% increase (vs 0.1% in an earlier estimate and after 0.5% growth in Q3), partly supported by Tokyo’s fiscal measures aimed at easing cost-of-living pressures. Business investment was also adjusted sharply higher to 1.2% (vs 0.2% previously, after flat growth in Q3), pointing to stronger corporate spending on capacity and equipment. Government spending rose 0.4% (vs 0.1% in the flash reading, after 0.1% in Q3), reflecting continued fiscal support. Meanwhile, net trade made no contribution to growth, as both exports (-0.3% vs -1.4%) and imports (-0.3% vs -0.1%) declined, partly due to softer external demand and weaker domestic import needs.
2026-03-10
Japan Posts Modest Growth in Q4
Japan’s GDP grew 0.1% qoq in Q4 2025, rebounding from a 0.7% drop in Q3 but missing market forecasts of a 0.4% increase, flash data showed. While business investment recovered (0.2% vs -0.3% in Q3), private consumption rose the least in a year (0.1% vs 0.4) amid persistent cost pressures, notably food prices. Meanwhile, government spending was subdued (0.1% vs 0.1%), and net trade did not contribute to growth, with both exports (-0.3% vs -1.4%) and imports (-0.3% vs -0.1%) declining. The latest reading suggests the drag from U.S. tariffs, with a baseline of 15%, is gradually easing, while diplomatic tensions with China persist. It also comes as Tokyo prepares to ramp up investment through targeted public spending following a sweeping election victory.
2026-02-15
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