Japan GDP Gap (Cabinet Office)
Cabinet Office estimate of the GDP gap (actual minus potential GDP, % of potential) and the potential GDP growth rate (q/q annualized) with contributions of total factor productivity, capital input, hours worked and number of employed, quarterly from 1994.
| 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 gap | 0.7 | 0.5 | 0.2 | 0.1 | 0.6 | 0.6 | 0.2 | -0.1 | -0.8 | -0.5 | -0.3 | -0.7 | 0.7 | |
| Potential GDP growth rate (q/q annualized)4 | 0.6 | 0.6 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | |
| Total factor productivity (contribution) | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | |
| Capital input (contribution) | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | |
| Hours worked (contribution) | -0.3 | -0.3 | -0.3 | -0.3 | -0.3 | -0.4 | -0.4 | -0.4 | -0.4 | -0.4 | -0.4 | -0.4 | -0.4 | |
| Number of employed (contribution) | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 |
Latest reading
The latest reading is 0.7 % of potential GDP, for Q2 2026. That is +0.2 pp from Q1 2026 and +0.1 pp from a year earlier. The series on this page is quarterly and runs from Q1 1994 to Q2 2026.
- Latest
- 0.7 % of potential GDP
- Q2 2026
- vs previous period
- +0.2 pp
- Q1 2026
- vs a year earlier
- +0.1 pp
About this data
Cabinet Office estimate of the GDP gap (actual minus potential GDP, % of potential) and the potential GDP growth rate (q/q annualized) with contributions of total factor productivity, capital input, hours worked and number of employed, quarterly from 1994. Re-estimated with each quarterly GDP release.
