Japan Nominal GDP by Expenditure
Nominal GDP and its expenditure components with GNI, seasonally adjusted at annual rates 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 | 689,219.1 | 680,104.3 | 675,000.9 | 668,857.9 | 666,769.7 | 655,117.7 | 649,473.6 | 642,141.7 | 633,654.7 | 621,923.6 | 624,549.8 | 618,274.2 | 617,564.1 | |
| Private final consumption expenditure1 | 362,125.5 | 358,424.9 | 355,096.1 | 352,653 | 349,003 | 346,701.9 | 340,949.7 | 338,563.6 | 334,479.9 | 332,099.2 | 332,133.7 | 329,961.7 | 328,963.3 | |
| Household final consumption expenditure1 | 349,587.8 | 346,156.7 | 343,073.1 | 340,817.7 | 337,296.5 | 335,178.9 | 329,634.8 | 327,308.2 | 323,135.3 | 320,617.2 | 320,580.6 | 318,448.6 | 317,600.6 | |
| Household consumption excluding imputed rent | 289,569.3 | 286,347.7 | 283,497.4 | 281,527.4 | 278,222.1 | 276,363.6 | 271,052.7 | 268,966.9 | 265,026.2 | 262,717 | 262,876.4 | 260,992.9 | 260,531.5 | |
| Private residential investment | 28,742.5 | 28,522.4 | 27,895.6 | 26,480.8 | 28,468 | 28,147.7 | 27,895.9 | 27,569.1 | 27,140.7 | 26,805.4 | 27,123.6 | 26,902.1 | 26,821.5 | |
| Private non-residential investment | 130,483.7 | 129,774.3 | 129,506.2 | 126,786.3 | 125,549.3 | 123,386.8 | 121,144.6 | 121,138.2 | 119,594.6 | 116,806.3 | 117,197.9 | 114,245.6 | 113,102.8 | |
| Change in private inventories | 677.6 | -3,704.4 | -1,968.1 | 622.1 | 2,054.8 | 2,374.1 | -981.3 | 391.6 | -773 | -1,306.3 | -697.2 | -2,736.6 | 2,152.2 | |
| Government final consumption expenditure | 138,040.3 | 134,459.1 | 133,028.5 | 132,140.6 | 131,108.3 | 129,919.2 | 129,542.2 | 128,960.2 | 128,185.4 | 123,894.6 | 123,851.6 | 123,652 | 122,570.5 | |
| Public fixed capital formation | 33,930.5 | 33,586.9 | 32,804.4 | 32,671.3 | 32,710.2 | 32,228.7 | 32,244.2 | 32,010 | 31,530 | 30,612.1 | 30,995.2 | 30,874.2 | 30,964.4 | |
| Change in public inventories | -4,866 | -95.4 | -84.2 | -52.5 | -155.1 | -8.5 | -208.5 | -23 | -57.7 | -348.7 | -293.3 | -312.8 | -196.8 | |
| Net exports of goods and services2 | 84.9 | -863.5 | -1,277.6 | -2,443.6 | -1,968.8 | -7,632.1 | -1,113.3 | -6,467.9 | -6,445.3 | -6,639 | -5,761.6 | -4,312.1 | -6,814 | |
| Exports of goods and services | 163,626.1 | 157,449.8 | 150,097.4 | 144,153.7 | 142,964.8 | 144,212.9 | 145,348.5 | 142,489.7 | 141,575.8 | 135,185.3 | 138,138.6 | 132,074 | 126,281 | |
| Imports of goods and services | 163,541.2 | 158,313.4 | 151,375 | 146,597.3 | 144,933.6 | 151,845 | 146,461.7 | 148,957.6 | 148,021.1 | 141,824.3 | 143,900.3 | 136,386.1 | 133,095 | |
| Net income from the rest of the world2 | 38,229.6 | 41,294.1 | 40,110.2 | 43,413.3 | 39,213.4 | 40,446.5 | 38,156.9 | 39,449.7 | 40,363.9 | 36,060 | 37,600.1 | 35,234.1 | 36,267.9 | |
| Income receivable from the rest of the world | 69,154.4 | 69,901.9 | 68,035.1 | 70,021.8 | 65,450 | 66,971.2 | 64,198.9 | 65,930 | 65,711.6 | 60,828.4 | 61,002.6 | 58,092.7 | 57,375 | |
| Income payable to the rest of the world | 30,924.8 | 28,607.7 | 27,924.9 | 26,608.4 | 26,236.6 | 26,524.8 | 26,042 | 26,480.3 | 25,347.7 | 24,768.4 | 23,402.6 | 22,858.6 | 21,107.1 | |
| Gross national income (GNI) | 727,448.7 | 721,398.5 | 715,111.1 | 712,271.3 | 705,983.1 | 695,564.1 | 687,630.5 | 681,591.4 | 674,018.6 | 657,983.6 | 662,149.8 | 653,508.3 | 653,831.9 | |
| Domestic demand2 | 689,134.2 | 680,967.9 | 676,278.5 | 671,301.6 | 668,738.5 | 662,749.8 | 650,586.9 | 648,609.7 | 640,100 | 628,562.6 | 630,311.4 | 622,586.3 | 624,378 | |
| Private demand | 522,029.4 | 513,017.2 | 510,529.8 | 506,542.2 | 505,075.1 | 500,610.4 | 489,008.9 | 487,662.5 | 480,442.3 | 474,404.6 | 475,758 | 468,372.9 | 471,039.8 | |
| Public demand | 167,104.8 | 167,950.6 | 165,748.7 | 164,759.4 | 163,663.3 | 162,139.4 | 161,577.9 | 160,947.2 | 159,657.7 | 154,158 | 154,553.4 | 154,213.4 | 153,338.2 | |
| Gross fixed capital formation | 193,156.7 | 191,883.6 | 190,206.3 | 185,938.5 | 186,727.5 | 183,763.1 | 181,284.8 | 180,717.2 | 178,265.4 | 174,223.8 | 175,316.8 | 172,021.9 | 170,888.7 | |
| Final demand | 693,407.4 | 683,904.1 | 677,053.3 | 668,288.4 | 664,870 | 652,752.1 | 650,663.4 | 641,773.1 | 634,485.4 | 623,578.5 | 625,540.3 | 621,323.6 | 615,608.6 |
Latest reading
GDP (expenditure approach) stood at 689,219.1 billion yen, annual rate in Q2 2026. That is +1.3% from Q1 2026 and +3.4% 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
- 689,219.1 billion yen, annual rate
- Q2 2026
- vs previous period
- +1.3%
- Q1 2026
- vs a year earlier
- +3.4%
About this data
Nominal GDP and its expenditure components with GNI, seasonally adjusted at annual rates in billions of yen. Latest Quarterly Estimates release. Source: ESRI, Cabinet Office.
