Japan Real Gross Domestic Product

Gross domestic product in Japan contracted by 0.9% QOQ in the January-March quarter.

Published quarterly by the Cabinet Office. Updated till the quarter of Jan-Mar 2020 (First Preliminary estimate published on May 18th, 2020).

Brief overview of "GDP"

Gross Domestic Product (GDP) measures the market value of economic activities within a country, in our case, Japan. It includes some non-market services such as government services and imputed rents for owner-occupied dwellings, but it generally does not include unpaid activities such as volunteer and unpaid housework.     

Japan’s GDP was 475.7 trillion yen in 2012. Using the average USD/JPY rate of 79.8 for 2012, it translates into 5.96 trillion USD, placing Japan as the third largest economy after U.S. (15.68 trillion USD) and China (8.22 trillion USD). Germany was the 4th largest with a GDP of 3.4 trillion USD. In Japan, private consumption accounts for 60.9% of its GDP, followed by government consumption (20.5%) and private non-residential investment (13.4%). Exports and imports account for 14.7% and 16.6% respectively.

Japan’s GDP has been on a declining trend since 1997 when it was 523.5 trillion yen. The decline is due to low real growth (0.6% per year on average between 1997-2012) and outright deflation (-1.2% per year on average between 1997-2012).

For more information, visit the official government page

Real GDP-Annual data

Source: Cabinet Office, JMA.

The Next Release Date: Second Preliminary estimate for January-March 2020: June 8th, 2020.   

                                    First Preliminary estimate for April-June 2020: August 17th, 2020.

                                  

                                    

                                   

                                    

                                   

                                    

                                  

                           

                                

                               

                                        

 

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