The Gross Domestic Product (GDP) in Japan stagnated 0 percent in the first quarter of 2025 over the previous quarter. This dataset provides - Japan GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The statistic shows the growth rate of the real gross domestic product (GDP) in Japan from 2020 to 2024, with projections up until 2030. In 2023, Japan's GDP increased by 1.49 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.

The Gross Domestic Product (GDP) in Japan expanded 1.70 percent in the first quarter of 2025 over the same quarter of the previous year. This dataset provides - Japan GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP Growth Annualized in Japan decreased to -0.20 percent in the first quarter of 2025 from 2.40 percent in the fourth 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.

During the "Golden Age of Capitalism", from 1950 to 1973, GDP grew by annual averages of just under five percent in Western Europe*, four percent in the U.S., and ten percent in Japan. This period of prosperity came to an end with the recession of 1973-1975, however GDP growth rates did not return to their previous levels when the recession ended, as growth was fairly sporadic in the 1970s and then much slower throughout the 1980s. From 1973 to 1987, GDP grew annually at just two fifth of the Golden Age's rate in Europe and Japan, while the U.S.' annual rates were somewhat closer.

One major difference between the two given periods was that the U.S. was the dominant and most influential economy of all developed (non-communist) countries in the 1950s and 1960s, however, the 1970s and 1980s saw Japan and the European Communities (led by West Germany and France) emerge as major economic powers in their own right. While the U.S. remained the most powerful country in the world, other developed nations became more economically autonomous, and began asserting their own influence internationally.

Key information about Japan Real GDP Growth

• The Gross Domestic Product (GDP) in Japan expanded 0.4 % YoY in Dec 2022, following a growth of 1.5 % in the previous quarter.
• Real GDP Growth YoY data in Japan is updated quarterly, available from Mar 1956 to Dec 2022, with an average rate of 3.2 %.
• The data reached an all-time high of 16.6 % in Mar 1960 and a record low of -10.4 % in Dec 1979.

CEIC calculates Real GDP Growth from quarterly Real GDP. Economic and Social Research Institute provides Real GDP in local currency, at chain linked 2015 prices. Real GDP Growth prior to Q1 1995 is calculated from Real GDP at 2000 prices. Real GDP Growth prior to Q1 1981 is calculated from GDP Volume Index with base 2010=100 sourced from the International Monetary Fund.


Related information about Japan Real GDP Growth

• In the latest reports, Nominal GDP of Japan reached 990.7 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 1.2 % in Dec 2022.
• GDP Per Capita in Japan reached 33,901.7 USD in Dec 2022.
• Its Gross Savings Rate was measured at 28.8 % in Mar 2022.
• For Nominal GDP contributions, Investment accounted for 26.6 % in Dec 2022.
• Public Consumption accounted for 22.3 % in Dec 2022.
• Private Consumption accounted for 55.2 % in Dec 2022.

According to the first preliminary announcement in May 2025, the real gross domestic product (GDP) of Japan in the first quarter of 2025 decreased by *** percent (seasonally adjusted) and *** percent (annualized) compared to the previous quarter.GDP refers to the total market value of all goods and services that are produced within a country. Real GDP is adjusted for price changes and is therefore regarded as a key indicator for the economic well-being of a country.

Japan GDP for 2023 was 4.204 trillion US dollars, a 1.22% decline from 2022.

<ul style='margin-top:20px;'>

<li>Japan GDP for 2022 was <strong>4.256 trillion US dollars</strong>, a <strong>15.46% decline</strong> from 2021.</li>
<li>Japan GDP for 2021 was <strong>5.035 trillion US dollars</strong>, a <strong>0.41% decline</strong> from 2020.</li>
<li>Japan GDP for 2020 was <strong>5.056 trillion US dollars</strong>, a <strong>1.22% decline</strong> from 2019.</li>
</ul>GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

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.

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.

The gross domestic product (GDP) in current prices in Japan was about 4.03 trillion U.S. dollars in 2024. Between 1980 and 2024, the GDP rose by approximately 2.90 trillion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP will steadily rise by around 960 billion U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.This indicator describes the gross domestic product at current prices. The values are based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.

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.

Graph and download economic data for Real Gross Domestic Product for Japan (JPNRGDPEXP) from Q1 1994 to Q1 2025 about Japan, real, and GDP.

Historical chart and dataset showing Japan economic growth by year from 1960 to 2018.

Japan: Economic growth forecast: The latest value from 2030 is 0.53 percent, an increase from 0.52 percent in 2029. In comparison, the world average is 3.25 percent, based on data from 182 countries. Historically, the average for Japan from 1980 to 2030 is 1.56 percent. The minimum value, -5.69 percent, was reached in 2009 while the maximum of 6.66 percent was recorded in 1988.

Japan JP: GDP: Growth data was reported at 1.713 % in 2017. This records an increase from the previous number of 0.938 % for 2016. Japan JP: GDP: Growth data is updated yearly, averaging 3.100 % from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 12.882 % in 1968 and a record low of -5.416 % in 2009. Japan JP: GDP: Growth data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Japan – Table JP.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Graph and download economic data for Gross Domestic Product for Japan (JPNNGDP) from Q1 1994 to Q1 2025 about Japan and GDP.

In 2024, Japan's gross domestic product (GDP) grew by three percent at current prices, according to the second preliminary announcement in March 2025. A year earlier, the highest growth rate of Japan’s nominal GDP in almost three decades was recorded. The nominal GDP measures the value of all goods and services produced in an economy, including price changes. GDP growth and inflation Japan’s real GDP growth, which is adjusted for inflation, was lower at 0.1 percent. After decades of struggling with deflation and attempts to reach a two percent inflation target with economic stimulus packages and monetary easing policies, consumer prices in Japan increased by almost 3.3 percent in 2023, led by global inflation. This development prompted the Bank of Japan to shift its monetary policy and raise the short-term interest rate for the first time in 17 years in 2024. Japan lost its status as the third-largest economy Many countries have raised interest rates in response to higher inflation in the past years. Since Japan’s central bank has done so at a much slower pace, a widening interest gap emerged between Japan and other major economies of the world. This is also one of the reasons for the depreciation of the yen against the dollar. Due to the weak yen, Japan’s GDP declined when converted into U.S. dollars, resulting in Japan losing its status as the third-largest economy in terms of GDP to Germany in 2023.

GDP per capita growth (annual %) in Japan was reported at 2.1758 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Japan - GDP per capita growth (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Japan: Economic growth: the rate of change of real GDP: The latest value from 2023 is 1.68 percent, an increase from 0.95 percent in 2022. In comparison, the world average is 3.43 percent, based on data from 184 countries. Historically, the average for Japan from 1961 to 2023 is 3.37 percent. The minimum value, -5.69 percent, was reached in 2009 while the maximum of 12.88 percent was recorded in 1968.