Japan’s economy grew at an annualized 21.4 percent in the third quarter of 2020, the most on record, partially recovering from a record 28.8 percent plunge in the April-June period, a preliminary estimate showed. Activity and demand rebounded sharply from the severe damage caused by the COVID-19 crisis. source: Cabinet Office, Japan
GDP Growth Annualized in Japan averaged 1.88 percent from 1980 until 2020, reaching an all time high of 21.40 percent in the third quarter of 2020 and a record low of -28.80 percent in the second quarter of 2020. This page provides the latest reported value for - Japan GDP Growth Annualized - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Japan GDP Growth Annualized - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.
GDP Growth Annualized in Japan is expected to be -4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Annualized in Japan to stand at 2.30 in 12 months time. In the long-term, the Japan GDP Growth Annualized is projected to trend around 3.40 percent in 2021 and 2.20 percent in 2022, according to our econometric models.