Japan GDP Growth Rate, Quarter on Quarter
Quarter-on-quarter percentage change of real GDP and its expenditure components, seasonally adjusted.
| 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 | 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 | |
| Private final consumption expenditure1 | 0 | 0.4 | 0.2 | 0.6 | 0.1 | 0.6 | 0 | 0.5 | 0 | -0.3 | 0 | -0.7 | -0.9 | |
| Household final consumption expenditure1 | -0.1 | 0.4 | 0.1 | 0.5 | 0.1 | 0.6 | 0 | 0.6 | 0.1 | -0.2 | 0 | -0.8 | -1 | |
| Household consumption excluding imputed rent | -0.1 | 0.5 | 0.1 | 0.6 | 0.1 | 0.6 | 0 | 0.7 | 0.1 | -0.3 | 0 | -1 | -1.2 | |
| Private residential investment | -0.6 | 0.9 | 5 | -7.9 | 0.6 | -0.5 | 0.7 | 1.4 | -0.4 | -1.2 | -0.1 | -1.3 | 3.1 | |
| Private non-residential investment | -0.9 | -1 | 1.3 | -0.2 | 1.3 | 1.2 | -0.8 | 0.9 | 1 | -0.7 | 1.6 | -0.3 | -1.2 | |
| Government final consumption expenditure | 1.7 | 0.4 | 0.4 | 0.2 | 0.5 | -0.2 | 0.1 | 0.1 | 1.9 | 0.3 | 0 | 0.2 | -1.4 | |
| Public fixed capital formation | -0.5 | 1.4 | -0.5 | -1.1 | 0.9 | -0.8 | -0.3 | 1.4 | 0.5 | -1 | -0.3 | -1.6 | -2.3 | |
| Exports of goods and services | 0.4 | 1.7 | 0.1 | -1.4 | 1.7 | -0.7 | 1.6 | 2.5 | 0.8 | -3 | 2.5 | 1.4 | 1.5 | |
| Imports of goods and services | -1.7 | 0.3 | -0.2 | -0.6 | 1.8 | 2 | -2 | 2.9 | 3.4 | -3.6 | 2.8 | 1.3 | -3.3 | |
| Gross domestic income (GDI) | 0.1 | 0.3 | 0.4 | -0.3 | 0.8 | 0.2 | 0.4 | 0.9 | 0.3 | -0.3 | 0.3 | -1 | 1 | |
| Income receivable from the rest of the world | -2 | 2 | -3.4 | 6.3 | -2.6 | 3.3 | -3.4 | -0.1 | 7 | -0.7 | 4.4 | 0.2 | 8.6 | |
| Income payable to the rest of the world | 7.1 | 1.7 | 4.3 | 0.8 | -1.5 | 0.9 | -2.4 | 4 | 1.3 | 5.5 | 1.7 | 7.3 | 5.6 | |
| Gross national income (GNI) | -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 | |
| Domestic demand2 | -0.1 | 0.2 | 0.2 | -0.2 | 0.2 | 1.1 | -0.4 | 0.9 | 0.4 | -0.3 | 0.6 | -1.2 | -1 | |
| Private demand | 0.1 | 0 | 0.2 | -0.3 | 0.1 | 1.6 | -0.5 | 1.1 | 0 | -0.4 | 0.8 | -1.5 | -0.7 | |
| Public demand | -0.8 | 0.5 | 0.2 | -0.1 | 0.5 | -0.2 | -0.1 | 0.3 | 1.8 | 0.1 | 0 | -0.3 | -1.8 | |
| Gross fixed capital formation | -0.8 | -0.3 | 1.5 | -1.6 | 1.1 | 0.6 | -0.5 | 1.1 | 0.7 | -0.8 | 1 | -0.7 | -0.7 | |
| Final demand | 0.6 | 0.5 | 0.7 | -0.3 | 0.4 | -0.2 | 0.7 | 0.5 | 0 | -0.1 | 0.1 | -0.5 | 0.1 |
Latest reading
GDP (expenditure approach) stood at 0.4% in Q2 2026. That is −0.1 pp from Q1 2026 and +0.3 pp from a year earlier. The series on this page is quarterly and runs from Q2 1994 to Q2 2026. Source: Economic and Social Research Institute (ESRI), Cabinet Office – Quarterly Estimates of GDP.
- Latest
- 0.4%
- Q2 2026
- vs previous period
- −0.1 pp
- Q1 2026
- vs a year earlier
- +0.3 pp
About this data
Quarter-on-quarter percentage change of real GDP and its expenditure components, seasonally adjusted. Latest Quarterly Estimates release. Source: ESRI, Cabinet Office.
