The Japanese economy grew by 6.0% on an annualized basis during the second quarter of 2023, much stronger than an upwardly revised 3.7% expansion in the prior period, easily topping market expectations of a 3.1% increase, a preliminary figure showed. This was the third consecutive quarter of yearly advance and the steepest pace since the December quarter of 2020, largely supported by a strong contribution from net trade, with exports growing the most in two years while imports fell for the third consecutive quarter. Meantime, government spending expanded further amid sluggish business investment and a drop in private consumption. source: Cabinet Office, Japan

GDP Growth Annualized in Japan averaged 1.89 percent from 1980 until 2023, reaching an all time high of 24.50 percent in the third quarter of 2020 and a record low of -27.90 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 2023.

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.

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Japan GDP Growth Annualized



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-06-07 11:50 PM GDP Growth Annualized Final Q1 2.7% 0.4% 1.9% 1.6%
2023-08-14 11:50 PM GDP Growth Annualized Prel Q2 6% 3.7% 3.1% 3.2%
2023-09-07 11:50 PM GDP Growth Annualized Final Q2 3.7% 6.0%


Related Last Previous Unit Reference
GDP Growth Rate 1.50 0.90 percent Jun 2023
GDP Growth Annualized 6.00 3.70 percent Jun 2023
GDP Annual Growth Rate 2.00 2.00 percent Jun 2023
GDP Constant Prices 560740.10 552574.30 JPY Billion Jun 2023
Gross National Product 584119.50 569407.10 JPY Billion Jun 2023
Gross Fixed Capital Formation 137801.10 137064.60 JPY Billion Jun 2023
GDP from Utilities 16182.10 15918.90 JPY Billion Dec 2021
GDP from Transport 25821.10 23895.60 JPY Billion Dec 2021
GDP from Services 19521.80 19538.00 JPY Billion Dec 2021
GDP from Public Administration 27359.30 27232.00 JPY Billion Dec 2021
GDP from Mining 339.00 357.80 JPY Billion Dec 2021
GDP from Manufacturing 117790.10 109546.20 JPY Billion Dec 2021
GDP from Construction 28323.80 29153.00 JPY Billion Dec 2021
GDP from Agriculture 4792.70 4641.70 JPY Billion Dec 2021

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
6.00 3.70 24.50 -27.90 1980 - 2023 percent Quarterly
SA, Constant Prices

News Stream
Japan Economy Expands at Annualized 6.0% in Q2
The Japanese economy grew by 6.0% on an annualized basis during the second quarter of 2023, much stronger than an upwardly revised 3.7% expansion in the prior period, easily topping market expectations of a 3.1% increase, a preliminary figure showed. This was the third consecutive quarter of yearly advance and the steepest pace since the December quarter of 2020, largely supported by a strong contribution from net trade, with exports growing the most in two years while imports fell for the third consecutive quarter. Meantime, government spending expanded further amid sluggish business investment and a drop in private consumption.
2023-08-15
Japan Economy Expands at Annualized 2.7% in Q1
The Japanese economy grew by 2.7% on an annualized basis during the first quarter of 2023, compared with the preliminary figure of a 1.6% rise and after an upwardly revised 0.4% increase in the previous period, beating market consensus of a 1.9% expansion. An acceleration in private consumption following the removal of all pandemic measures supported the upturn. Also, business rebounded strongly and government spending continued to rise. Net exports, however, contributed negatively amid persistent uncertainty from global trade.
2023-06-08
Japan GDP Growth Annualized Expands 1.6%
The Japanese economy advanced 1.6% on an annualized basis during the first quarter of 2023, topping market consensus of a 0.7% growth and after a revised 0.1% contraction in the previous period, a flash reading showed. The latest figure marked the strongest pace of growth in three quarters, mainly supported by an acceleration in private consumption following the removal of all pandemic measures. Also, business investment unexpectedly grew robustly after falling in the prior quarter. Meantime, government spending stagnated following rises in the previous four quarters while net exports contributed negatively.
2023-05-17