The Gross Domestic Product (GDP) in Japan contracted 9.90 percent in the second quarter of 2020 over the same quarter of the previous year.
GDP Annual Growth Rate in Japan averaged 1.84 percent from 1981 until 2020, reaching an all time high of 9.40 percent in the first quarter of 1988 and a record low of -9.90 percent in the second quarter of 2020. This page provides - Japan GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Japan GDP Annual Growth Rate - values, historical data and charts - was last updated on September of 2020. source: Cabinet Office, Japan
GDP Annual Growth Rate in Japan is expected to be -3.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Japan to stand at 2.20 in 12 months time. In the long-term, the Japan GDP Annual Growth Rate is projected to trend around 3.60 percent in 2021 and 2.00 percent in 2022, according to our econometric models.