The Japanese economy contracted 0.5 percent on an annualized basis in Q1 of 2022, compared with a preliminary data of a 1.0 percent decline and following an upwardly revised 4.0 percent growth in Q4 which was the strongest pace of expansion since Q4 of 2020. The upward revision came as consumption stayed resilient despite a resurgence of COVID-19 infections, with private consumption continuing to grow while there was a rebound in government spending. Meantime, business investment fell following a rise in the prior period, reflecting supply chain disruptions due to the Ukraine war. Net exports also contributed negatively to the GDP, amid a sharp jump in imports following the weak yen and surging commodity prices. source: Cabinet Office, Japan

GDP Growth Annualized in Japan averaged 1.84 percent from 1980 until 2022, reaching an all time high of 22.90 percent in the third quarter of 2020 and a record low of -28.20 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 August of 2022.

GDP Growth Annualized in Japan is expected to be 2.00 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 Annualized is projected to trend around 2.00 percent in 2023 and 2.20 percent in 2024, according to our econometric models.

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Japan GDP Growth Annualized



Calendar GMT Actual Previous Consensus TEForecast
2022-05-17 11:50 PM GDP Growth Annualized Prel Q1 -1% 3.8% -1.8% -1.9%
2022-06-07 11:50 PM GDP Growth Annualized Final Q1 -0.5% 4.0% -1% -1%
2022-08-14 11:50 PM GDP Growth Annualized Prel Q2 -1% 2.5% 3.2%


Related Last Previous Unit Reference
GDP Growth Rate -0.10 1.00 percent Mar 2022
GDP Growth Annualized -0.50 4.00 percent Mar 2022
GDP Annual Growth Rate 0.20 0.40 percent Mar 2022
GDP Constant Prices 537916.40 539248.00 JPY Billion Mar 2022
Gross National Product 549660.60 551314.40 JPY Billion Mar 2022
Gross Fixed Capital Formation 127042.80 128904.60 JPY Billion Mar 2022
GDP From Utilities 16348.80 16498.00 JPY Billion Dec 2020
GDP From Transport 24330.30 22885.30 JPY Billion Dec 2020
GDP From Services 19512.70 22059.10 JPY Billion Dec 2020
GDP From Public Administration 27259.00 27095.30 JPY Billion Dec 2020
GDP From Mining 365.10 381.00 JPY Billion Dec 2020
GDP From Manufacturing 108093.80 117923.20 JPY Billion Dec 2020
GDP From Construction 30154.10 28935.10 JPY Billion Dec 2020
GDP From Agriculture 4688.70 4883.30 JPY Billion Dec 2020

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.
Actual Previous Highest Lowest Dates Unit Frequency
-0.50 4.00 22.90 -28.20 1980 - 2022 percent Quarterly
SA, Constant Prices

News Stream
Japan GDP Annualized Shrinks Less than Initially Thought
The Japanese economy contracted 0.5 percent on an annualized basis in Q1 of 2022, compared with a preliminary data of a 1.0 percent decline and following an upwardly revised 4.0 percent growth in Q4 which was the strongest pace of expansion since Q4 of 2020. The upward revision came as consumption stayed resilient despite a resurgence of COVID-19 infections, with private consumption continuing to grow while there was a rebound in government spending. Meantime, business investment fell following a rise in the prior period, reflecting supply chain disruptions due to the Ukraine war. Net exports also contributed negatively to the GDP, amid a sharp jump in imports following the weak yen and surging commodity prices.
2022-06-08
Japan Q1 GDP Annualized Falls Less than Expected
The Japanese economy contracted 1.0 percent on an annualized basis in Q1 of 2022, compared with market estimates of a 1.8 percent fall and shifting from a downwardly revised 3.8 percent growth in Q4, a flash reading showed. The decline was the second in the past three quarters, amid Omicron restrictions across the country, the impact of the Ukraine war, and as the weak yen and surging global commodity prices inflated imports. Household consumption declined slightly following a sharp rebound in the previous quarter while marking the second fall in the past three quarters. Further, net exports contributed negatively to the GDP, dragged down by a jump in imports following the weak yen and surging commodity prices. Meantime, business investment rose for the second consecutive quarters, while government spending bounced back and increased for the second time in three quarters.
2022-05-18
Japan Q4 GDP Growth Annualized Revised Downward
The Japanese economy advanced 4.6 percent on an annualized basis in Q4 of 2021, compared with flash data of 5.4 percent and reversing from a revised 2.8 percent contraction in Q3. The rebound marked the strongest pace of expansion since Q4 2020, as COVID-19 situations were under control following a fall in coronavirus cases and surging vaccinations. Household consumption rebounded sharply, increasing the most in five-quarter; business investment bounced back; and net exports contributed further to the GDP, with exports recovering from a decline in Q3 and imports extending their falls.
2022-03-09