Japan GDP Deflator by Component
Implicit price deflators of GDP and its expenditure components, seasonally adjusted, 2020 calendar year = 100.
| Indicator | Q2-2026 | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | Q4-2023 | Q3-2023 | Q2-2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GDP (expenditure approach)7 | 115.1 | 114 | 113.6 | 112.9 | 112.1 | 110.3 | 109.9 | 109.1 | 108.6 | 106.4 | 106.8 | 106.2 | 104.8 | |
| Private final consumption expenditure1 | 116.5 | 115.3 | 114.8 | 114.2 | 113.6 | 113 | 111.8 | 111 | 110.2 | 109.4 | 109.2 | 108.4 | 107.3 | |
| Household final consumption expenditure1 | 116.7 | 115.5 | 114.9 | 114.3 | 113.7 | 113.1 | 111.9 | 111.1 | 110.3 | 109.5 | 109.2 | 108.5 | 107.4 | |
| Household consumption excluding imputed rent | 118.1 | 116.7 | 116.1 | 115.4 | 114.8 | 114.2 | 112.7 | 111.8 | 110.9 | 110 | 109.7 | 108.9 | 107.6 | |
| Private residential investment | 126.8 | 125.1 | 123.5 | 123 | 121.8 | 121.1 | 119.4 | 118.9 | 118.6 | 116.7 | 116.6 | 115.6 | 113.7 | |
| Private non-residential investment | 121.2 | 119.4 | 118 | 117 | 115.6 | 115.1 | 114.3 | 113.4 | 113 | 111.5 | 111.1 | 110 | 108.6 | |
| Government final consumption expenditure | 110.2 | 109.2 | 108.4 | 108.2 | 107.5 | 107.1 | 106.5 | 106.1 | 105.6 | 104 | 104.3 | 104.2 | 103.4 | |
| Public fixed capital formation | 122.9 | 121.1 | 119.9 | 118.9 | 117.6 | 116.9 | 116 | 114.8 | 114.7 | 111.9 | 112.2 | 111.4 | 110 | |
| Exports of goods and services | 150.7 | 145.6 | 141.1 | 135.7 | 132.8 | 136.2 | 136.2 | 135.7 | 138.2 | 133.1 | 131.9 | 129.3 | 125.4 | |
| Imports of goods and services | 163.5 | 155.6 | 149.2 | 144.2 | 141.7 | 151.2 | 148.8 | 148.3 | 151.7 | 150.3 | 147 | 143.3 | 141.6 | |
| Income receivable from the rest of the world | 116.6 | 115.5 | 114.6 | 113.9 | 113.2 | 112.8 | 111.6 | 110.8 | 110.3 | 109.3 | 108.8 | 108.2 | 107.1 | |
| Income payable to the rest of the world | 116.8 | 115.8 | 114.9 | 114.2 | 113.5 | 113 | 112 | 111.1 | 110.7 | 109.6 | 109.2 | 108.5 | 107.5 | |
| Gross national income (GNI) | 116.7 | 115.3 | 114.7 | 114.1 | 113.4 | 112.4 | 111.6 | 110.8 | 110.3 | 108.7 | 108.8 | 108.1 | 106.9 | |
| Domestic demand2 | 116.8 | 115.3 | 114.7 | 114.1 | 113.4 | 112.6 | 111.8 | 111 | 110.5 | 109 | 109 | 108.3 | 107.3 | |
| Private demand | 118.5 | 116.6 | 116.1 | 115.4 | 114.7 | 113.8 | 112.9 | 112 | 111.6 | 110.2 | 110.1 | 109.3 | 108.2 | |
| Public demand | 111.9 | 111.5 | 110.6 | 110.2 | 109.4 | 108.9 | 108.4 | 107.8 | 107.3 | 105.5 | 105.8 | 105.6 | 104.7 | |
| Gross fixed capital formation | 122.4 | 120.6 | 119.2 | 118.3 | 116.9 | 116.3 | 115.4 | 114.5 | 114.2 | 112.4 | 112.1 | 111.1 | 109.6 | |
| Final demand | 115 | 114.1 | 113.6 | 112.8 | 111.9 | 110.4 | 109.8 | 109.1 | 108.3 | 106.5 | 106.7 | 106.1 | 104.6 |
Latest reading
GDP (expenditure approach) stood at 115.1 in Q2 2026. That is +1.0% from Q1 2026 and +2.7% from a year earlier. The series on this page is quarterly and runs from Q1 1994 to Q2 2026. Source: Economic and Social Research Institute (ESRI), Cabinet Office – Quarterly Estimates of GDP.
- Latest
- 115.1
- Q2 2026
- vs previous period
- +1.0%
- Q1 2026
- vs a year earlier
- +2.7%
About this data
Implicit price deflators of GDP and its expenditure components, seasonally adjusted, 2020 calendar year = 100. Latest Quarterly Estimates release. Source: ESRI, Cabinet Office.
