GDP growth (annual %) - Japan from The World Bank: Data. Please check your download folder. On an annualized basis, the economy collapsed at a record 28.1% in Q2, compared with forecasts of a 28.6% slump.
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. The IMF reduced its growth forecast from 0.9 percent to 0.8 percent, with the economy set to decelerate to 0.5 percent next year, matching the country’s potential growth rate. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. FocusEconomics Consensus Forecast panelists, meanwhile, see GDP expanding 0.9% in calendar year 2019, which is up 0.1 percentage points from last month’s projection, and 0.5% in 2020. Private consumption tumbled, falling for the third straight quarter (-7.9% vs -0.7% in Q1); government spending dropped the most in four years (-0.6% vs flat reading); and capital expenditure slumped (-4.7% vs 1.7% gain in Q1) and worse than estimates of a 3.1% fall. This was the first recession since 2015, as the COVID-19 crisis took a huge toll on activity and demand. Japan - Gross domestic product in constant prices growth rate 0.7 (%) in 2019 In 2019, real GDP growth for Japan was 0.7 %. Though Japan real GDP growth fluctuated substantially in recent years, it tended to decrease through 2000 - 2019 period ending at 0.7 % in 2019. Meanwhile, capital expenditure rose by 1.7 percent, compared with a 4.8 percent drop in Q4. Japan Housing Starts Drop More than Expected, Japan Consumer Morale Improves in October, Japan Retail Sales Drop Much More than Expected, Brazilian Real Hovers at Over 5-Month Lows, Spain Current Account Surplus Falls by Near 300%, Loonie Rises from 1-Month Low on GDP Data, Mexican Peso Rises from 2-Week Low on Upbeat Data, Dow on Track for Worst Week and Month since March, Canadian Stocks Trade in Negative Territory. Looking forward, we estimate GDP Growth Rate in Japan to stand at 1.50 in 12 months time. ... 1961 - 2019 GDP (constant 2010 US$) ... GDP per capita growth (annual %) Download.
On an annualized basis, the economy contracted 2.2 percent in the first quarter. Among the Major Seven economies, the United States recorded the highest annual GDP growth (2.3%), while Japan recorded the lowest annual growth (minus 0.4%). Private consumption fell slightly more than anticipated (-0.8% vs -0.7% in the preliminary estimate), while there was a significant upward revision of capital expenditure (1.9% vs -0.5%). CSV XML EXCEL.
Find Out, Online tool for visualization and analysis. Japan's industrialized, free market economy is the fourth biggest in the world.
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