Japan's industrialized, free market economy is the fourth biggest in the world. Showing 0 /0. (billed annually). The Japanese economy advanced a record 5.3 percent on quarter in the three months to September of 2020, better than the initial estimate of a 5 percent expansion, and recovering from a revised 8.3 percent slump in the previous period. Structure of Japan GDP: from agriculture, manufacturing, mining and services. Japan's economy surged in the fourth quarter of 2020, but it was not enough to keep the country from negative growth for the year. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Accessed May 11, 2021. https://www.statista.com/statistics/263607/gross-domestic-product-gdp-growth-rate-in-japan/, IMF. On an annualized basis, the economy grew at a record 21.4 percent in Q3, after a record plunge of 28.8 percent in Q2. At the same time, gross fixed capital formation contracted at a much softer rate (-2.3 percent vs -3.2 percent). 5.3 %. Japan GDP Value was 5082 USD Billion in 2021. Japan's gross domestic product (GDP) shrank an annualized 6.3% in the October-December period, government data showed on Monday, much faster than … Also Show. Japan: Economy rebounds sharply in Q3 November 16, 2020 According to a preliminary reading, economic activity bounced back strongly in the third quarter, with GDP increasing 21.4% in seasonally-adjusted annualized terms (SAAR), contrasting the historic 28.8% fall logged in the second quarter. Japan GDP Annual Growth Rate History. 1980 - 2020. Japan: GDP records largest contraction on record in Q2 August 17, 2020 According to a preliminary estimate, GDP contracted a record 27.8% in seasonally-adjusted annualized terms (SAAR) in the second quarter, well below the 2.5% contraction recorded in the first quarter and reflecting the harsh impact of the coronavirus pandemic on activity. Japan's Q3 GDP revised up to annualised 22.9% growth. REUTERS/Kim Kyung-Hoon . Economic Forecast Summary (December 2020) The COVID-19 shock in early 2020 triggered a major recession and real GDP is projected to shrink by around 5¼ per cent this year. License: CC BY-4.0 Line Bar Map. Please authenticate by going to "My account" → "Administration". % of GDP 2019 Japan (red) Tax revenue Indicator: 32.0 Total % of GDP 2018 Japan % of GDP: Total % of GDP 1999-2018 Japan (red), OECD - Average (black) Total % of GDP 2019 OECD - Average (black) Tax wedge Indicator: 32.7 Total % of labour cost 2020 Japan % of labour cost: Total % of labour cost 2001-2020 Japan (red), OECD - Average (black) Total % of labour cost 2020 For many years, since 1998, Japan experienced a weak economic growth compared to its potential GDP. GDP growth (annual %) - Japan. Though Japan GDP fluctuated substantially in recent years, it tended to increase through 2001 - 2020 period ending at 4,910.58 billion US dollars in 2020. facts. $39 per month* (April 6, 2021). Japan GDP (Gross Domestic Product) was INT$4,979.97billion for 2020 in PPP terms. Label. World Economics makes available of world’s most comprehensive GDP database covering over 130 countries with historical GDP PPP data from 1870-2020, building on the lifetimes work of Angus Maddison. The Japanese economy advanced 3.0 percent on quarter in the three months to December of 2020, following a 5.3 percent growth in the previous period and beating market estimates of a 2.3 percent expansion, a preliminary reading showed. For the whole of 2020, the world's third-largest economy shrank 4.8 percent, marking the first contraction since 2009. The research house says it expects to see third quarter GDP bounce back - and continue through to next year. 1980-2020 Data | 2021-2023 Forecast | Calendar | Historical. None; Aggregates; Same region; Similar values; Highest values; Lowest values; Share Details. March 9. http://www.esri.cao.go.jp/en/sna/menu.html. According to the data, Japan's GDP grew by an annualized 12.7 percent from the previous quarter in real terms, however from October to December 2020 the growth amounted to 3 percent, The government figures also show that Japan's GDP decreased by 4.8 percent in real terms last year as a result of the coronavirus pandemic impact on the third-largest economy. Annual Real Growth Rate (2020, Calendar Year) *Changes from the previous year. Download historical data for 20 million indicators using your browser. Japan on Tuesday revised down its economic growth to 2.8% for the October-December quarter from the preceding three-month period, underlining a recovery that started in the second half of 2020. About Estimize. Profit from additional features by authenticating your Admin account. Jun 2020. Analysis: Market Feels Like ‘Coiled Spring’ After Fed . Corporate solution including all features. In 2020, Japan's GDP decreased by 4.83 percent compared to the previous year. $) Nominal PPP; 2020: 4,910.58: 5,236.14: 2021: … It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Though Japan real GDP growth fluctuated substantially in recent years, it tended to decrease through 2001 - 2020 period ending at -5.3 % in 2020. He will focus on mitigating the health crisis while supporting an economic recovery in order to renew his leadership in 2021. Then you can access your favorite statistics via the star in the header. Graph and download economic data for Real Gross Domestic Product for Japan (JPNRGDPEXP) from Q1 1994 to Q4 2020 about Japan, real, and GDP. 0.45 %. It is calculated without making deductions for depreciation of fabricated assets or for … This was the first quarterly growth rate in a year, as activity and demand rebounded from the severe damage caused by the COVID-19 crisis. The economy of Japan is a highly developed free-market economy. Show publisher information. Japan's economy is flirting with recession, and the novel coronavirus could push it over the edge. Japan's economy likely shrank in … World Bank national accounts data, and OECD National Accounts data files. N/A. Sep 2020. Japan - Gross domestic product in current prices 4,910.58 (billion US dollars) in 2020 In 2020, GDP for Japan was 4,910.58 billion US dollars. ", IMF, Japan: Real gross domestic product (GDP) growth rate from 2016 to 2026 (compared to the previous year) Statista, https://www.statista.com/statistics/263607/gross-domestic-product-gdp-growth-rate-in-japan/ (last visited May 11, 2021), Japan: Real gross domestic product (GDP) growth rate from 2016 to 2026, GDP growth forecast: Asia, U.S., U.K. and Germany 2010-2026, Gross domestic product (GDP) growth rate in Japan 2026, Industry revenue of “Motor vehicles parts and accessories“ in Japan 2012-2024, Forecast: value of shipments motor vehicle manufacture Japan 2008-2020, Industry revenue of “Petroleum refining“ in Japan 2012-2024, Industry revenue of “Medical product preparations“ in Japan 2012-2024, Industry revenue of “Iron industries, with blast furnaces“ in Japan 2012-2024, Industry revenue of “Integrated circuits“ in Japan 2012-2024, Industry revenue of “Offset printing in paper“ in Japan 2012-2024, Industry revenue of “Plastics“ in Japan 2012-2024, Quarterly gross domestic product (GDP) growth rate in the UK 2nd quarter 2020, Mexico: real GDP growth rate 2019, by agency, GDP growth in EU countries compared to same quarter previous year 4th quarter 2020, GDP growth in the EU and the Euro area compared to the previous quarter Q4 2020, Change of the gross domestic product (GDP) of the euro area up to 2019, Forecast of the gross domestic product (GDP) growth in the euro countries 2021, Quarterly growth of gross domestic product (GDP) in France 4th quarter 2020, Gross domestic product (GDP) growth in India 2nd quarter 2020, Growth of the gross domestic product in China until 2030, Nominal gross domestic product growth in Macao 2009-2019, Real GDP of West Virginia, by industry 2020, Annual growth of the real GDP in Colorado 2000-2020, Annual growth of the real GDP in Vermont 2000-2019, Real GDP of North Dakota, by industry 2020, Share of Japanese companies with headquarters in the MEA region 2017, Sugar production volume in Japan 2009-2018, Domestic demand of printing ink varnishes Japan 2012-2019, Production volume of low sulfur waxy residue in Indonesia 2007-2018, Fashion consumer spending forecast in Sri Lanka 2010-2025, Japan: Real gross domestic product (GDP) growth rate from 2016 to 2026 (compared to the previous year), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. 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