The statistic shows the growth rate of the real gross domestic product (GDP) in Japan from 2019 to 2023, with projections up until 2029. In 2023, Japan's GDP increased by 1.68 percent compared to the previous year. For comparison, the GDP growth rate of China had reached about 8.45 percent that same year.Gross domestic product growth rate in JapanGDP serves as one of the most heavily relied upon indicators to gauge the state and health of a country’s economy. GDP is the total market value of all final goods and services that have been produced within a nation’s borders in a given period of time, usually a year. GDP figures allow a more fundamental understanding of a country’s economy. Year-on-year GDP growth acts as a helpful and clear sign of the direction in which a country is moving in economic terms. Real GDP is especially useful and insightful as it takes price changes (inflation and deflation) into account.The gross domestic product growth rate in Japan has been shaky since the recession of 2008 struck the world economy like a bolt out of the blue and Japan is still yet to gain a solid foothold. Despite its ongoing financial predicament however, Japan remains one of the world’s most highly developed economies. The economy of Japan is the third largest worldwide by nominal GDP and the nation has a very active manufacturing sector. It is active in the auto manufacturing sector, the third largest in the world after the United States and China, and has an electronics industry that is counted among the worlds most innovative. Japan can boast many titles, but perhaps the most significant to its future stability is that which relates to its astronomical national debts, currently running at over 200 percent of GDP, roughly 10.5 trillion US dollars.

GDP Growth Annualized in Japan increased to 2.20 percent in the fourth quarter of 2024 from 1.40 percent in the third quarter of 2024. This dataset 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.

In 2023, the value added by the accommodation and food service industry in Japan to the nominal gross domestic product (GDP) grew by about 39.4 percent compared to the previous year. Overall, economic sectors grew by 5.6 percent in nominal terms.

Full Year GDP Growth in Japan decreased to 0.10 percent in 2024 from 1.90 percent in 2023. This dataset includes a chart with historical data for Japan Full Year GDP Growth.

In 2023, the gross domestic product of Japan was estimated to be around 4.22 trillion U.S. dollars. This makes Japan third in the world GDP ranking. However, Japan's GDP is much closer to those countries below it in this ranking, as the two largest economies in the world, the U.S. and China, are both several times larger than that of Japan. After decades of rapid growth in the post-WWII era, Japan's economic growth has stagnated in recent decades, with figures fluctuating between four and 6.3 trillion U.S. dollars since the 1990s.

Key information about Japan Nominal GDP Growth

• Japan Nominal GDP Growth was reported at 3.995 % in Dec 2024.
• This records an increase from the previous number of 3.159 % for Sep 2024.
• Japan Nominal GDP Growth data is updated quarterly, averaging 1.523 % from Mar 1981 to Dec 2024, with 176 observations.
• The data reached an all-time high of 10.057 % in Jun 1990 and a record low of -8.446 % in Mar 2009.
• Japan Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly: Seasonally Adjusted.

CEIC calculates quarterly Nominal GDP Growth from quarterly Nominal GDP. Economic and Social Research Institute provides Nominal GDP in local currency based on SNA 2008. Nominal GDP Growth prior to Q1 1995 is based on SNA 1993.

The Gross Domestic Product (GDP) in Japan was worth 4204.49 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Japan represents 3.99 percent of the world economy. This dataset provides - Japan GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2023, the real value added by the accommodation and food service industry in Japan to the gross domestic product (GDP) grew by 20.4 percent compared to the previous year, making it the sector with the highest growth of that year. The real GDP of the transport and postal services industry grew by 8.9 percent.

Graph and download economic data for National Accounts: GDP by Expenditure: Current Prices: Gross Domestic Product: Total for Japan from Q1 1994 to Q3 2023 about Japan and GDP.

Graph and download economic data for Real Gross Domestic Product for Japan (JPNRGDPEXP) from Q1 1994 to Q4 2024 about Japan, real, and GDP.

Graph and download economic data for Gross Domestic Product for Japan (JPNNGDP) from Q1 1994 to Q4 2024 about Japan and GDP.

Key information about Japan Producer Price Index Growth

• Japan Producer Price Index (PPI) grew 5.1 % YoY in May 2023, compared with a growth of 5.9 % YoY in the previous month.
• Japan Producer Price Index data is updated monthly, available from Jan 1961 to May 2023, with an average change of 0.6 % YoY.
• The data reached an all-time high of 33.9 % YoY in Feb 1974 and a record low of -8.6 % YoY in Aug 2009.

CEIC calculates Producer Price Index Growth from monthly Producer Price Index. The Bank of Japan provides Producer Price Index with base 2020=100. Producer Price Index Growth covers goods bought and sold by companies only.

In 2024, Japan's gross domestic product (GDP) grew by three percent at current prices, according to a first second announcement in March 2025. Adjusted for inflation, the GDP increased by 0.1 percent.

Graph and download economic data for Nominal Gross Domestic Product for Japan (NGDPXDCJPA) from 1994 to 2023 about Japan and GDP.

Population growth (annual %) in Japan was reported at --0.48737 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Japan - Population growth (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2025.

Key information about Japan Market Capitalization: % of GDP

• Japan Market Capitalization accounted for 163.5 % of its Nominal GDP in Dec 2024, compared with a percentage of 146.5 % in the previous year
• Japan Market Capitalization: % Nominal GDP is updated yearly, available from Dec 1994 to Dec 2024
• The data reached an all-time high of 163.5 % in Dec 2024 and a record low of 47.3 % in Dec 2002

CEIC calculates annual Market Capitalization as % of Nominal GDP from monthly Market Capitalization and annual Nominal GDP. Japan Exchange Group Inc. provides Market Capitalization in local currency. Economic and Social Research Institute provides Nominal GDP in local currency. Market Capitalization covers Tokyo Stock Exchange only, which is not the only equity market in the country but is highly representative. Before July 2013 Total Market Capitalization of TSE covers TSE 1st Section Shares, 2nd Section Shares and Mothers Shares. Since July 2013, Total Market Capitalization of TSE also covers Market Capitalization of Tokyo Pro Market Shares, JASDAQ Standard Shares and JASDAQ Growth Shares. On April 2022, the stock market was restructured into three new market segments (Prime Market, Standard Market, and Growth Market) replacing previous four market divisions: 1st Section, 2nd Section, Mothers, and JASDAQ (Standard and Growth).


Further information about Japan Market Capitalization: % of GDP

• In the latest reports, Prime Market recorded a monthly P/E ratio of 19.9 in Feb 2025
• Nikkei 225 Stock closed at 33,189.0 points in Jun 2023

Key information about Japan Consumer Price Index CPI growth

• Japan Consumer Price Index (CPI) growth was measured at 3.6 % YoY in Feb 2025, compared with a rate of 4.0 % in the previous month.
• Japan Consumer Price Index growth data is updated monthly, available from Jan 1996 to Feb 2025, with an averaged number of 0.2 % YoY.
• The data reached an all-time high of 4.3 % YoY in Jan 2023 and a record low of -2.5 % YoY in Oct 2009.

CEIC calculates Consumer Price Index Growth from monthly Consumer Price Index. Statistical Bureau provides Consumer Price Index with base 2020=100. Consumer Price Index Growth prior to January 2011 is calculated from Consumer Price Index with base 2010=100, prior to January 2006 from Consumer Price Index with base 2005=100, prior to January 2001 from Consumer Price Index with base 2000=100 and prior to January 1997 from Consumer Price Index with base 1995=100. [COVID-19-IMPACT]

In 2023, the manufacturing industry in Japan contributed 121.8 trillion Japanese yen to the real gross domestic product (GDP), representing by far the most value-adding industry. Following the three-sector model, the tertiary sector (services) accounted for around 70 percent of the national GDP.

Annual percentage growth rate of GDP at market prices based on constant 2010 US Dollars. in Japan was reported at 0.9 % in 2026, according to the World Bank collection of development indicators, compiled from officially recognized sources. Japan - Annual percentage growth rate of GDP at market prices based on constant 2010 US Dollars. - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2025.

Japan JP: Gross Domestic Product data was reported at 591,881,300.000 JPY mn in 2023. This records an increase from the previous number of 559,710,100.000 JPY mn for 2022. Japan JP: Gross Domestic Product data is updated yearly, averaging 523,968,600.000 JPY mn from Dec 1981 (Median) to 2023, with 43 observations. The data reached an all-time high of 591,881,300.000 JPY mn in 2023 and a record low of 274,615,900.000 JPY mn in 1981. Japan JP: Gross Domestic Product data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Japan – Table JP.OECD.MSTI: Gross Domestic Product, GDP PPP and GDP Deflator: OECD Member: Annual.

For Japan, in 2008, 2013 and 2018, the FTE coefficients for researchers in the higher education sector were revised, producing an increase in 2013 and 2018, and a decrease in 2008, in both R&D expenditure and personnel for this sector and the national total.

Beginning with the 2002/2003 survey (OECD data 2002), the coefficients supplied by the Ministry of Education, Culture, Sports, Science and Technology were applied to doctoral level students as well as teachers when calculating FTE for the HE sector, resulting in a break in series in that year.

Before 1996, Higher Education expenditure and personnel data in FTE are OECD estimates derived from official headcount-based data.

GBARD data represent the budget for S&T. Local government budgets are included in total GBARD figures from 2017 and broken down by socio-economic objective from 2022. Since 2016, the aggregation method of S&T budgets has changed. From 2011 onwards, GBARD for the “Education and Society” socio-economic objective include a more accurate measure of the budget of the National Institute for Cultural Heritage. Military procurement contracts are excluded from defence GBARD. Before 2010, GUF excludes SSH.