Japan Nominal GDP, Not Seasonally Adjusted
Nominal GDP and its expenditure components as original quarterly values, not seasonally adjusted, in billions of yen.
| 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)8 | 170,214 | 170,320.8 | 175,038.5 | 162,900 | 164,410.3 | 164,092 | 168,598.5 | 156,446 | 156,002.3 | 155,846.6 | 162,197.4 | 150,666.2 | 151,895.2 | |
| Private final consumption expenditure1 | 89,446.4 | 88,981.4 | 91,052.3 | 87,584.5 | 86,178.8 | 86,092.7 | 87,479.6 | 84,045 | 82,605.6 | 82,471.7 | 85,264.3 | 81,843.1 | 81,280.6 | |
| Household final consumption expenditure1 | 86,203.6 | 86,327.5 | 87,594.6 | 84,725.2 | 83,191.5 | 83,574.6 | 84,188.6 | 81,320.4 | 79,779.9 | 79,922 | 81,956.5 | 79,067.4 | 78,436.1 | |
| Household consumption excluding imputed rent | 71,200 | 71,377.4 | 72,698.9 | 69,901.1 | 68,423.9 | 68,872.9 | 69,541.9 | 66,733.2 | 65,253.2 | 65,449 | 67,530.3 | 64,701.4 | 64,168.6 | |
| Private residential investment | 6,930.8 | 7,049.1 | 7,175.4 | 6,743.5 | 6,859.3 | 6,952.2 | 7,182.6 | 7,023.7 | 6,530.2 | 6,622.1 | 6,990.4 | 6,856.1 | 6,438.5 | |
| Private non-residential investment | 29,901.6 | 36,498.4 | 32,259.4 | 30,491.9 | 28,754.6 | 34,764.5 | 30,089 | 29,197.5 | 27,348.6 | 32,962.1 | 29,050.2 | 27,586.7 | 25,798.5 | |
| Change in private inventories | 1,608.5 | -2,838.4 | -346.8 | 516.1 | 1,882.9 | -1,302.3 | -35.2 | 445.8 | 1,078.9 | -2,183.8 | 136.8 | -398.9 | 1,760.8 | |
| Government final consumption expenditure | 36,550.4 | 31,728.7 | 35,570.5 | 30,662.2 | 34,660.4 | 30,700.7 | 34,631.5 | 29,934.7 | 33,828.8 | 29,363.3 | 33,064.6 | 28,736.2 | 32,284 | |
| Public fixed capital formation | 7,067.1 | 9,407.9 | 8,992.2 | 7,775 | 6,789.6 | 9,017.6 | 8,875.6 | 7,618.7 | 6,506.7 | 8,568.1 | 8,548.5 | 7,348.8 | 6,366 | |
| Change in public inventories | -1,243 | -12.1 | -10.6 | -11.6 | -65.6 | 15.5 | -39 | -15.6 | -37.2 | -66.6 | -53.6 | -101.7 | -69.3 | |
| Net exports of goods and services2 | -47.9 | -494.2 | 346 | -861.6 | -649.7 | -2,148.9 | 414.3 | -1,803.8 | -1,859.2 | -1,890.4 | -803.9 | -1,204.2 | -1,963.9 | |
| Exports of goods and services | 40,701.8 | 38,910.5 | 38,795.4 | 35,523.5 | 35,451.7 | 35,535.6 | 37,695.2 | 35,209 | 35,004.6 | 33,228.6 | 35,876.8 | 32,705.2 | 31,176.7 | |
| Imports of goods and services | 40,749.7 | 39,404.7 | 38,449.4 | 36,385.1 | 36,101.4 | 37,684.6 | 37,280.9 | 37,012.9 | 36,863.8 | 35,119 | 36,680.6 | 33,909.4 | 33,140.6 | |
| Net income from the rest of the world2 | 8,529.7 | 11,293.4 | 7,846.3 | 12,904.9 | 9,057.8 | 10,970.2 | 7,508.7 | 11,800.2 | 9,449.2 | 9,845.9 | 7,453.1 | 10,498 | 8,558.3 | |
| Income receivable from the rest of the world | 18,043.2 | 17,283.2 | 15,428.9 | 18,522.8 | 17,135.1 | 16,523.6 | 14,605.4 | 17,336.7 | 17,297.8 | 14,988.3 | 13,905.3 | 15,183.5 | 15,165.6 | |
| Income payable to the rest of the world | 9,513.5 | 5,989.7 | 7,582.6 | 5,617.9 | 8,077.2 | 5,553.4 | 7,096.7 | 5,536.5 | 7,848.6 | 5,142.4 | 6,452.2 | 4,685.6 | 6,607.3 | |
| Gross national income (GNI) | 178,743.7 | 181,614.2 | 182,884.8 | 175,804.9 | 173,468.2 | 175,062.2 | 176,107.2 | 168,246.2 | 165,451.5 | 165,692.5 | 169,650.4 | 161,164.2 | 160,453.5 | |
| Domestic demand2 | 170,261.9 | 170,815 | 174,692.4 | 163,761.5 | 165,060.1 | 166,240.9 | 168,184.2 | 158,249.8 | 157,861.5 | 157,737 | 163,001.2 | 151,870.4 | 153,859.1 | |
| Private demand | 127,887.3 | 129,690.6 | 130,140.3 | 125,336 | 123,675.6 | 126,507.1 | 124,716 | 120,712 | 117,563.3 | 119,872.2 | 121,441.7 | 115,887.1 | 115,278.4 | |
| Public demand | 42,374.5 | 41,124.4 | 44,552.1 | 38,425.6 | 41,384.4 | 39,733.8 | 43,468.2 | 37,537.8 | 40,298.2 | 37,864.8 | 41,559.5 | 35,983.3 | 38,580.7 | |
| Gross fixed capital formation | 43,899.5 | 52,955.4 | 48,427 | 45,010.4 | 42,403.5 | 50,734.3 | 46,147.2 | 43,839.9 | 40,385.5 | 48,152.3 | 44,589.1 | 41,791.7 | 38,603 | |
| Final demand | 169,848.5 | 173,171.3 | 175,395.9 | 162,395.6 | 162,593 | 165,378.7 | 168,672.7 | 156,015.8 | 154,960.6 | 158,097 | 162,114.2 | 151,166.8 | 150,203.7 |
Latest reading
GDP (expenditure approach) stood at 170,214 billion yen in Q2 2026. That is −0.1% from Q1 2026 and +3.5% 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
- 170,214 billion yen
- Q2 2026
- vs previous period
- −0.1%
- Q1 2026
- vs a year earlier
- +3.5%
About this data
Nominal GDP and its expenditure components as original quarterly values, not seasonally adjusted, in billions of yen. Latest Quarterly Estimates release. Source: ESRI, Cabinet Office.
