Japan's economy shrank at an annualized rate of 3.4 percent in the first quarter of 2020, compared with market consensus of a 4.6 percent contraction and following a revised 7.3 percent decline in the previous quarter. Private consumption, which makes up more than half of the economy, fell 2.8 percent (vs -11.1 percent in Q4), while capital spending dropped 2.1 percent (vs -17.7 percent). In addition, net external demand contributed negatively to the GDP as exports fell the most since the second quarter of 2011 (-21.8 percent vs 1.7 percent) while imports posted the largest drop in 11 years (-18.4 percent vs -9.3 percent).

GDP Growth Annualized in Japan averaged 1.94 percent from 1980 until 2020, reaching an all time high of 12.90 percent in the fourth quarter of 1989 and a record low of -17.80 percent in the first quarter of 2009. 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 June of 2020. source: Cabinet Office, Japan

GDP Growth Annualized in Japan is expected to be -13.00 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 2.00 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.

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Japan GDP Growth Annualized

Actual Previous Highest Lowest Dates Unit Frequency
-3.40 -7.30 12.90 -17.80 1980 - 2020 percent Quarterly
SA, Constant Prices


Calendar GMT Actual Previous Consensus TEForecast
2019-12-08 11:50 PM GDP Growth Annualized Final Q3 1.8% 2% 0.7% 0.5%
2020-02-16 11:50 PM GDP Growth Annualized Prel Q4 -6.3% 0.5% -6.3% -3.5%
2020-03-08 11:50 PM GDP Growth Annualized Final Q4 -7.1% 0.1% -6.6% -6.3%
2020-05-17 11:50 PM GDP Growth Annualized Prel Q1 -3.4% -7.3% -4.6% -5%
2020-06-07 11:50 PM GDP Growth Annualized Final Q1 -7.3% -3.4%
2020-08-16 11:50 PM GDP Growth Annualized Prel Q2 -13%
2020-09-07 11:50 PM GDP Growth Annualized Final Q2 -13%
2020-11-15 11:50 PM GDP Growth Annualized Prel Q3 -3.4%
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News Stream
Japan Economy Contracts 3.4% Annualized in Q1
Japan's economy shrank at an annualized rate of 3.4 percent in the first quarter of 2020, compared with market consensus of a 4.6 percent contraction and following a revised 7.3 percent decline in the previous quarter. Private consumption, which makes up more than half of the economy, fell 2.8 percent (vs -11.1 percent in Q4), while capital spending dropped 2.1 percent (vs -17.7 percent). In addition, net external demand contributed negatively to the GDP as exports fell the most since the second quarter of 2011 (-21.8 percent vs 1.7 percent) while imports posted the largest drop in 11 years (-18.4 percent vs -9.3 percent).
2020-05-18
Japan Annualized GDP Shrinks the Most Since 2014
The Japanese economy shrank 7.1 percent on an annualized basis in the fourth quarter of 2019, worse than an initial estimate of a 6.6 percent contraction and following a downwardly revised 0.1 percent growth in the previous three-month period. That was the biggest slump in GDP since the second quarter of 2014 as private consumption dropped 10.6 percent as a sales tax hike in October weighed on spending. Also, business spending declined by 17.3 percent, the most since the first quarter of 2009.
2020-03-09
Japan Annualized GDP Falls the Most in Over 5 Years
Japan's GDP shrank an annualized 6.3 percent in the fourth quarter of 2019, following a downwardly revised 0.5 percent growth in the previous period and much worse than market forecasts of a 3.7 percent fall. It was the sharpest contraction since the second quarter of 2014, led by falls in consumer and business spending on the back of a sales tax hike, a destructive typhoon and subdued global demand.
2020-02-17

Japan GDP Growth Annualized
GDP Annualized Growth Rate shows the gdp growth that would be registered if the quarter-on-quarter rate of change were maintained for a full year.