Japan Quarterly GDP Headline Figures
Japan's quarterly national accounts: nominal and real GDP by expenditure, domestic demand, net exports, gross national income and the GDP deflator, levels, quarter-on-quarter and annualised growth and contributions, original and seasonally adjusted, 2015 and 2020 benchmark. 68 series.
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Domestic Product (Expenditure approach) (Nominal) (2015 base) | 154,955.4 | 156,321.7 | 155,932.3 | 161,473.5 | 149,078.8 | 149,044.3 | 148,291.3 | 155,123.9 | 144,572.1 | 145,769.7 | ||||
| Seasonally Adjusted Gross Domestic Product (Expenditure approach) (Nominal) (2015 base) | 635,822.5 | 635,024.9 | 625,114 | 619,364.6 | 611,774 | 605,721.3 | 594,338.7 | 594,870.4 | 593,202.1 | 592,211.9 | ||||
| Net exports of goods & services (Nominal) (2015 base) | -783.4 | -774 | -2,274.6 | 376.1 | -2,032.2 | -2,103.1 | -2,085 | -806.2 | -1,206.5 | -1,966.2 | ||||
| Seasonally Adjusted Net exports of goods & services (Nominal) (2015 base) | -2,487.2 | -2,045.8 | -7,845.6 | -1,516.1 | -7,577.9 | -7,248.3 | -7,167.2 | -6,070.4 | -4,335.7 | -6,763.7 | ||||
| (Changes from same quarter of previous year (%)) Gross Domestic Product (Expenditure approach) (Nominal) (2015 base) | 3.9 | 4.9 | 5.2 | 4.1 | 3.1 | 2.2 | 2.1 | 4.8 | 6.5 | 5.6 | ||||
| Seasonally Adjusted (Changes from previous quarter (%)) Gross Domestic Product (Expenditure approach) (Nominal) (2015 base) | 0.1 | 1.6 | 0.9 | 1.2 | 1 | 1.9 | -0.1 | 0.3 | 0.2 | 1.7 | ||||
| (Annualized rate of Changes from previous quarter (%)) Gross Domestic Product (Expenditure approach) (Nominal) (2015 base) (seasonally adjusted) | 0.5 | 6.5 | 3.8 | 5.1 | 4.1 | 7.9 | -0.4 | 1.1 | 0.7 | 7 | ||||
| (Contributions) Net exports of goods & services (Nominal) (2015 base) | 0.8 | 0.9 | -0.1 | 0.8 | -0.6 | -0.1 | 2.1 | 3.2 | 4.4 | 2.2 | ||||
| Seasonally Adjusted (Contributions) Net exports of goods & services (Nominal) (2015 base) | -0.1 | 0.9 | -1 | 1 | -0.1 | 0 | -0.2 | -0.3 | 0.4 | 2.2 | ||||
| Domestic demand (Nominal) (2015 base) | 155,738.7 | 157,095.7 | 158,206.9 | 161,097.4 | 151,111 | 151,147.4 | 150,376.3 | 155,930 | 145,778.5 | 147,735.9 | ||||
| Seasonally Adjusted Domestic demand (Nominal) (2015 base) | 638,309.6 | 637,070.7 | 632,959.5 | 620,880.6 | 619,351.9 | 612,969.6 | 601,505.9 | 600,940.8 | 597,537.8 | 598,975.5 | ||||
| (Contributions) Domestic demand (Nominal) (2015 base) | 3.1 | 4 | 5.3 | 3.3 | 3.7 | 2.3 | 0 | 1.6 | 2.1 | 3.4 | ||||
| Seasonally Adjusted (Contributions) Domestic demand (Nominal) (2015 base) | 0.2 | 0.7 | 2 | 0.2 | 1.1 | 1.9 | 0.1 | 0.6 | -0.2 | -0.5 | ||||
| GDP deflator (Nominal) (Chain-linking method)(2015 base) | 111.3 | 113.8 | 109.9 | 112.8 | 108.3 | 110.6 | 106.4 | 109.4 | 105.5 | 107 | ||||
| Seasonally Adjusted GDP deflator (Nominal) (Chain-linking method)(2015 base) | 113.2 | 112.5 | 111.4 | 110.6 | 110.1 | 109.5 | 107.9 | 107.5 | 107.2 | 106 | ||||
| (Changes from same quarter of previous year (%)) GDP deflator (Nominal) (Chain-linking method) (2015 base) | 2.8 | 2.9 | 3.3 | 3.1 | 2.6 | 3.3 | 3.2 | 4.2 | 5.6 | 4.1 | ||||
| Seasonally Adjusted (Changes from previous quarter (%)) GDP deflator (Nominal) (Chain-linking method)(2015 base) | 0.6 | 1 | 0.7 | 0.5 | 0.6 | 1.5 | 0.4 | 0.3 | 1.1 | 1.5 | ||||
| Gross Domestic Product (Expenditure approach) (Nominal) (2020 base) | 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 | |
| Seasonally Adjusted Gross Domestic Product (Expenditure approach) (Nominal) (2020 base) | 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 | |
| Net exports of goods & services (Nominal) (2020 base) | -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 | |
| Seasonally Adjusted Net exports of goods & services (Nominal) (2020 base) | 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 | |
| (Changes from same quarter of previous year (%)) Gross Domestic Product (Expenditure approach) (Nominal) (2020 base) | 3.5 | 3.8 | 3.8 | 4.1 | 5.4 | 5.3 | 3.9 | 3.8 | 2.7 | 2.6 | 5 | 6.4 | 5.8 | |
| Seasonally Adjusted (Changes from previous quarter (%)) Gross Domestic Product (Expenditure approach) (Nominal) (2020 base) | 1.3 | 0.8 | 0.9 | 0.3 | 1.8 | 0.9 | 1.1 | 1.3 | 1.9 | -0.4 | 1 | 0.1 | 1.9 | |
| (Annualized rate of Changes from previous quarter (%)) Gross Domestic Product (Expenditure approach) (Nominal) (2020 base) (seasonally adjusted) | 5.5 | 3.1 | 3.7 | 1.3 | 7.3 | 3.5 | 4.6 | 5.5 | 7.8 | -1.7 | 4.1 | 0.5 | 7.8 | |
| (Contributions) Net exports of goods & services (Nominal) (2020 base) | 0.4 | 1 | 0 | 0.6 | 0.8 | -0.2 | 0.8 | -0.4 | 0.1 | 2.1 | 3.1 | 4.2 | 2.1 | |
| Seasonally Adjusted (Contributions) Net exports of goods & services (Nominal) (2020 base) | 0.1 | 0.1 | 0.2 | -0.1 | 0.9 | -1 | 0.8 | 0 | 0 | -0.1 | -0.2 | 0.4 | 2.2 | |
| Domestic demand (Nominal) (2020 base) | 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 | |
| Seasonally Adjusted Domestic demand (Nominal) (2020 base) | 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 | |
| (Contributions) Domestic demand (Nominal) (2020 base) | 3.2 | 2.8 | 3.9 | 3.5 | 4.6 | 5.5 | 3.2 | 4.2 | 2.6 | 0.5 | 1.9 | 2.1 | 3.7 | |
| Seasonally Adjusted (Contributions) Domestic demand (Nominal) (2020 base) | 1.2 | 0.7 | 0.7 | 0.4 | 0.9 | 1.9 | 0.3 | 1.3 | 1.9 | -0.3 | 1.2 | -0.3 | -0.3 | |
| GDP deflator (Nominal) (Chain-linking method)(2020 base) | 116.2 | 112.7 | 115.5 | 111.1 | 113.2 | 109.2 | 111.7 | 107.4 | 109.6 | 105.4 | 108.4 | 104.6 | 105.8 | |
| Seasonally Adjusted GDP deflator (Nominal) (Chain-linking method)(2020 base) | 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 | |
| (Changes from same quarter of previous year (%)) GDP deflator (Nominal) (Chain-linking method) (2020 base) | 2.6 | 3.2 | 3.4 | 3.5 | 3.3 | 3.6 | 3 | 2.7 | 3.6 | 3.5 | 4.9 | 6.2 | 4.5 | |
| Seasonally Adjusted (Changes from previous quarter (%)) GDP deflator (Nominal) (Chain-linking method)(2020 base) | 1 | 0.3 | 0.7 | 0.7 | 1.7 | 0.4 | 0.7 | 0.5 | 2 | -0.3 | 0.5 | 1.4 | 1.8 | |
| Gross Domestic Product (Expenditure approach) (Real) (2015 base) | 139,172.9 | 137,387.6 | 141,914.5 | 143,119.4 | 137,681.2 | 134,758.5 | 139,364.7 | 141,734.8 | 137,049.8 | 136,173.8 | ||||
| Seasonally Adjusted Gross Domestic Product (Expenditure approach) (Real) (2015 base) | 561,765.3 | 564,261.9 | 561,090.5 | 559,769 | 555,792.2 | 553,326.1 | 550,976.5 | 553,546.1 | 553,586.8 | 558,807.3 | ||||
| Net exports of goods & services (Real) (2015 base) | 512.2 | 644.2 | -296.5 | 1,920.4 | 113.5 | 294.6 | 283.9 | 1,765.4 | 1,097 | 964.9 | ||||
| Seasonally Adjusted Net exports of goods & services (Real) (2015 base) | 1,630.8 | 2,874.7 | 1,633.4 | 4,897.3 | 169.7 | 1,574.5 | 3,734.7 | 4,091.7 | 4,383.3 | 4,505.1 | ||||
| (Contributions) Net exports of goods & services (Real) (2015 base) | 0.3 | 0.2 | -0.6 | 0.1 | -0.9 | -0.6 | 1 | 1.4 | 1.8 | 1.2 | ||||
| Seasonally Adjusted (Contributions) Net exports of goods & services (Real) (2015 base) | -0.2 | 0.2 | -0.7 | 1 | -0.3 | -0.5 | 0 | -0.2 | -0.1 | 1.3 | ||||
| (Changes from same quarter of previous year (%)) Gross Domestic Product (Expenditure approach) (Real) (2015 base) | 1.1 | 2 | 1.8 | 1 | 0.5 | -1 | -1.1 | 0.5 | 0.9 | 1.4 | ||||
| Seasonally Adjusted (Changes from previous quarter (%)) Gross Domestic Product (Expenditure approach) (Real) (2015 base) | -0.4 | 0.6 | 0.2 | 0.7 | 0.4 | 0.4 | -0.5 | 0 | -0.9 | 0.2 | ||||
| (Annualized rate of changes from previous quarter (%)) Gross Domestic Product (Expenditure approach) (Real) (2015 base) (seasonally adjusted) | -1.8 | 2.3 | 0.9 | 2.9 | 1.8 | 1.7 | -1.8 | 0 | -3.7 | 0.9 | ||||
| Domestic demand (Real) (2015 base) | 138,726.4 | 136,830.3 | 142,347.6 | 141,034.8 | 137,626.3 | 134,493.5 | 138,997.7 | 139,888.6 | 135,822.7 | 135,055.6 | ||||
| Seasonally Adjusted Domestic demand (Real) (2015 base) | 560,360.1 | 561,448.1 | 559,594.7 | 554,462 | 555,895.7 | 551,645.8 | 546,808.6 | 549,512.4 | 548,766.5 | 553,371.6 | ||||
| (Contributions) Domestic demand (Real) (2015 base) | 0.8 | 1.8 | 2.4 | 0.8 | 1.3 | -0.4 | -2 | -0.8 | -0.8 | 0.3 | ||||
| Seasonally Adjusted (Contributions) Domestic demand (Real) (2015 base) | -0.2 | 0.3 | 0.9 | -0.3 | 0.8 | 0.9 | -0.5 | 0.1 | -0.9 | -1 | ||||
| Gross National Income (Real) (2015 base) | 149,537.2 | 143,895.7 | 150,343.1 | 148,119.8 | 146,770.4 | 141,309.2 | 146,521.1 | 146,011.2 | 144,748.7 | 141,395.9 | ||||
| Seasonally Adjusted Gross National Income (Real) (2015 base) | 596,734.8 | 593,836 | 589,836.2 | 587,435.1 | 585,625.4 | 582,834.2 | 574,578.5 | 578,669.6 | 578,236.9 | 582,376.6 | ||||
| (Changes from same quarter of previous year (%)) Gross National Income (Real) (2015 base) | 1.9 | 1.8 | 2.6 | 1.4 | 1.4 | -0.1 | 0.4 | 1.4 | 2.9 | 2.7 | ||||
| Seasonally Adjusted (Changes from previous quarter (%)) Gross National Income (Real)(2015 base) | 0.5 | 0.7 | 0.4 | 0.3 | 0.5 | 1.4 | -0.7 | 0.1 | -0.7 | 1.7 | ||||
| Gross Domestic Product (Expenditure approach) (Real) (2020 base) | 146,486.3 | 151,140.6 | 151,560.7 | 146,637.2 | 145,194.5 | 150,297.5 | 150,979.1 | 145,730.9 | 142,289.8 | 147,884.2 | 149,664.6 | 144,083.9 | 143,543.6 | |
| Seasonally Adjusted Gross Domestic Product (Expenditure approach) (Real) (2020 base) | 598,950.5 | 596,799.3 | 593,959 | 592,407.5 | 594,629.6 | 593,896.1 | 590,926.5 | 588,580.5 | 583,705.1 | 584,381.3 | 584,932.5 | 582,160.1 | 589,531.5 | |
| Net exports of goods & services (Real) (2020 base) | 2,351 | 945.1 | 1,693.6 | 1,143.6 | 1,515.7 | 679.1 | 2,652.6 | 1,150.3 | 1,255.5 | 1,171.7 | 2,375.3 | 1,716 | 1,600.8 | |
| Seasonally Adjusted Net exports of goods & services (Real) (2020 base) | 8,554.1 | 6,411.7 | 4,866.8 | 4,558.1 | 5,403.5 | 5,436.5 | 8,240.4 | 4,562.5 | 4,845.3 | 7,214.9 | 6,872 | 6,944.5 | 6,701.4 | |
| (Contributions) Net exports of goods & services (Real) (2020 base) | 0.7 | 0.2 | -0.9 | 0 | 0.1 | -0.6 | 0.2 | -0.6 | -0.4 | 1 | 1.2 | 1.5 | 1 | |
| Seasonally Adjusted (Contributions) Net exports of goods & services (Real) (2020 base) | 0.5 | 0.3 | 0.1 | -0.2 | 0 | -0.6 | 0.8 | -0.1 | -0.6 | 0.2 | -0.1 | 0 | 1.1 | |
| (Changes from same quarter of previous year (%)) Gross Domestic Product (Expenditure approach) (Real) (2020 base) | 0.9 | 0.6 | 0.4 | 0.6 | 2 | 1.6 | 0.9 | 1.1 | -0.9 | -0.9 | 0.1 | 0.2 | 1.2 | |
| Seasonally Adjusted (Changes from previous quarter (%)) Gross Domestic Product (Expenditure approach) (Real) (2020 base) | 0.4 | 0.5 | 0.3 | -0.4 | 0.1 | 0.5 | 0.4 | 0.8 | -0.1 | -0.1 | 0.5 | -1.3 | 0.1 | |
| (Annualized rate of changes from previous quarter (%)) Gross Domestic Product (Expenditure approach) (Real) (2020 base) (seasonally adjusted) | 1.4 | 1.9 | 1.1 | -1.5 | 0.5 | 2 | 1.6 | 3.4 | -0.5 | -0.4 | 1.9 | -4.9 | 0.3 | |
| Domestic demand (Real) (2020 base) | 143,985.1 | 150,361.7 | 149,889 | 145,649.8 | 143,785.7 | 149,859.6 | 148,073 | 144,712.6 | 141,122.9 | 146,653.6 | 147,139.6 | 142,239.6 | 141,774.7 | |
| Seasonally Adjusted Domestic demand (Real) (2020 base) | 589,985.1 | 590,583.1 | 589,609.6 | 588,489 | 589,713.4 | 588,735.3 | 582,135.7 | 584,544.6 | 579,059.4 | 576,484.1 | 578,080.3 | 574,733.5 | 581,796.4 | |
| (Contributions) Domestic demand (Real) (2020 base) | 0.1 | 0.3 | 1.2 | 0.7 | 1.9 | 2.2 | 0.6 | 1.8 | -0.5 | -1.9 | -1.1 | -1.3 | 0.3 | |
| Seasonally Adjusted (Contributions) Domestic demand (Real) (2020 base) | -0.1 | 0.2 | 0.2 | -0.2 | 0.2 | 1.1 | -0.4 | 1 | 0.5 | -0.3 | 0.6 | -1.2 | -1 | |
| Gross National Income (Real) (2020 base) | 151,318.3 | 159,806.4 | 156,838.3 | 156,355.5 | 151,098.9 | 157,998.4 | 155,228.4 | 154,103 | 148,204.5 | 154,516.4 | 153,440.2 | 151,318 | 148,364.3 | |
| Seasonally Adjusted Gross National Income (Real) (2020 base) | 623,308 | 625,647.1 | 623,296 | 624,276.9 | 622,496 | 619,061.5 | 616,158.7 | 615,134.6 | 611,054.3 | 605,501.6 | 608,533.1 | 604,672.2 | 611,652.1 | |
| (Changes from same quarter of previous year (%)) Gross National Income (Real) (2020 base) | 0.1 | 1.1 | 1 | 1.5 | 2 | 2.3 | 1.2 | 1.8 | -0.1 | 0.4 | 0.8 | 2 | 2.4 | |
| Seasonally Adjusted (Changes from previous quarter (%)) Gross National Income (Real)(2020 base) | -0.4 | 0.4 | -0.2 | 0.3 | 0.6 | 0.5 | 0.2 | 0.7 | 0.9 | -0.5 | 0.6 | -1.1 | 1.4 |
Latest reading
The latest reading is 154,955.4 billion yen, for Q3 2025. That is −0.9% from Q2 2025 and +3.9% from a year earlier. The series on this page is quarterly and runs from Q1 1994 to Q3 2025. Source: Economic and Social Research Institute, Cabinet Office (e-Stat Statistics Dashboard).
- Latest
- 154,955.4 billion yen
- Q3 2025
- vs previous period
- −0.9%
- Q2 2025
- vs a year earlier
- +3.9%
About this data
Japan's quarterly national accounts: nominal and real GDP by expenditure, domestic demand, net exports, gross national income and the GDP deflator, levels, quarter-on-quarter and annualised growth and contributions, original and seasonally adjusted, 2015 and 2020 benchmark. 68 series. Source: Economic and Social Research Institute, Cabinet Office, via the e-Stat Statistics Dashboard.
