The Japanese economy stagnated quarter-on-quarter in the three months to December 2022, compared with a flash figure of 0.2% growth and after a 0.3% contraction in the previous period. The latest figure highlighted the fragility of a recovery in the economy, as private consumption grew less than initially anticipated amid rising cost pressures (0.3% vs 0.5% in the first estimate and after a flat reading in Q3). At the same time, capital spending fell for the first time in three quarters (-0.5%, matching the preliminary print and shifting from a 1.5% gain previously). Meanwhile, government spending increased further (0.3%, unrevised from the first estimate and after a 0.1% rise in Q3). Also, net trade contributed positively to the GDP, as exports rose by 1.5% while imports fell by 0.4%. Last year, the Japanese economy advanced 1.1%, slowing from 2.1% in 20211, amid various global headwinds. source: Cabinet Office, Japan

GDP Growth Rate in Japan averaged 0.43 percent from 1980 until 2022, reaching an all time high of 5.60 percent in the third quarter of 2020 and a record low of -7.90 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 2023.

GDP Growth Rate in Japan is expected to be 1.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Japan GDP Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2023-02-13 11:50 PM QoQ Prel Q4 0.2% -0.3% 0.5% 0.4%
2023-03-08 11:50 PM QoQ Final Q4 0% -0.3% 0.2% 0.2%
2023-05-16 11:50 PM QoQ Prel Q1 0% 1.2%


Related Last Previous Unit Reference
GDP Growth Rate 0.00 -0.30 percent Dec 2022
GDP Growth Annualized 0.10 -1.10 percent Dec 2022
GDP Annual Growth Rate 0.40 1.50 percent Dec 2022
GDP Constant Prices 546735.10 546607.50 JPY Billion Dec 2022
Gross National Product 567409.70 561526.70 JPY Billion Dec 2022
Gross Fixed Capital Formation 133913.50 134437.50 JPY Billion Dec 2022
Full Year GDP Growth 1.00 2.10 percent Dec 2022
GDP from Utilities 16182.10 16348.80 JPY Billion Dec 2021
GDP from Transport 25821.10 24330.30 JPY Billion Dec 2021
GDP from Services 19521.80 19512.70 JPY Billion Dec 2021
GDP from Public Administration 27359.30 27259.00 JPY Billion Dec 2021
GDP from Mining 339.00 365.10 JPY Billion Dec 2021
GDP from Manufacturing 117790.10 108093.80 JPY Billion Dec 2021
GDP from Construction 28323.80 30154.10 JPY Billion Dec 2021
GDP from Agriculture 4792.70 4688.70 JPY Billion Dec 2021

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
0.00 -0.30 5.60 -7.90 1980 - 2022 percent Quarterly
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News Stream
Japan Q4 GDP Revised Lower to Show No Growth
The Japanese economy stagnated quarter-on-quarter in the three months to December 2022, compared with a flash figure of 0.2% expansion and after a 0.3% contraction in the previous period. The latest data highlighted the fragility of the recovery, as private consumption grew less than anticipated amid rising cost pressures (0.3% vs 0.5% in the first estimate and after a flat reading in Q3). At the same time, capital spending fell for the first time in three quarters (-0.5%, matching the preliminary print and shifting from a 1.5% gain previously). Meanwhile, government spending increased further (0.3%, unrevised from the first estimate and after a 0.1% increase in Q3). Also, net trade contributed positively to the GDP, as exports added 1.5% while imports declined by 0.4%. Last year, the Japanese economy advanced by 1.1%, slowing from 2.1% in 2021 amid various global headwinds.
2023-03-09
Japan Economy Rebounds Less than Expected in Q4
The Japanese economy grew by 0.2% qoq in Q4 of 2022, reversing from a revised 0.3% contraction in Q3 but falling short of market expectations of a 0.5% rise, preliminary data showed. Private consumption picked up after tough border controls were lifted and despite headwinds from surging living costs (0.5% vs flat reading in Q3), government spending accelerated (0.3% vs 0.1%), and net trade contributed positively with exports rising for the fifth straight quarter (1.4% vs 2.5%) while imports declined for the first time since Q3 of 2021 (-0.4% vs 5.5%). Meantime, business investment fell after gaining in the previous two quarters (-0.1% vs 0.3%). For the whole year, the economy advanced 1.1%, slowing from 2.1% in 2021, as the country recovered from the COVID pandemic.
2023-02-13
Japan Q3 GDP Shrinks Less than Initially Thought
The Japanese economy shrank 0.2% quarter-on-quarter in the three months to September 2022, compared with flash data of a 0.3% fall and after a 1.1% growth in the previous period. The latest figure came amid an upward revision of both government spending (0.1% vs flat reading in the first estimate and after a 0.7% rise in Q2) and net trade with exports growing faster than initially anticipated (2.1% vs 1.9% in the flash figure and after a 1.5% previously). Meantime, private consumption was sluggish (0.1% vs 0.3% in the initial print and after a 1.7% rise in Q2), hit by another COVID wave in August and despite efforts from the government to step up support for households. Business investment growth slowed notably (1.5%, matching the preliminary print and after a 2.4% gain in Q2).
2022-12-07