Japan GDP Growth Rate, Annualized
Annualized quarter-on-quarter growth of real GDP and its expenditure components, the headline figure of Japan's GDP release.
| 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 | 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 | |
| Private final consumption expenditure1 | 0 | 1.8 | 0.6 | 2.2 | 0.6 | 2.4 | 0 | 2 | 0 | -1 | -0.1 | -2.8 | -3.5 | |
| Household final consumption expenditure1 | -0.2 | 1.6 | 0.5 | 2.2 | 0.4 | 2.2 | -0.1 | 2.3 | 0.3 | -0.9 | 0 | -3.1 | -3.8 | |
| Household consumption excluding imputed rent | -0.3 | 1.9 | 0.5 | 2.6 | 0.4 | 2.6 | -0.2 | 2.7 | 0.2 | -1.1 | -0.2 | -3.9 | -4.8 | |
| Private residential investment | -2.3 | 3.8 | 21.4 | -28.2 | 2.3 | -2 | 2.9 | 5.7 | -1.6 | -4.9 | -0.3 | -5.2 | 13 | |
| Private non-residential investment | -3.7 | -3.9 | 5.2 | -0.9 | 5.4 | 4.7 | -3.2 | 3.7 | 4.1 | -2.9 | 6.5 | -1 | -4.7 | |
| Government final consumption expenditure | 6.9 | 1.5 | 1.8 | 0.6 | 2.1 | -0.9 | 0.3 | 0.3 | 8 | 1.4 | 0 | 0.7 | -5.6 | |
| Public fixed capital formation | -1.8 | 5.5 | -1.8 | -4.5 | 3.5 | -3.1 | -1.3 | 5.6 | 2.2 | -3.9 | -1.2 | -6.1 | -8.8 | |
| Exports of goods and services | 1.6 | 7 | 0.6 | -5.3 | 6.8 | -3 | 6.6 | 10.4 | 3.4 | -11.5 | 10.5 | 5.8 | 6 | |
| Imports of goods and services | -6.5 | 1 | -0.6 | -2.4 | 7.4 | 8.4 | -7.7 | 12.2 | 14.4 | -13.5 | 11.6 | 5.2 | -12.7 | |
| Gross national income (GNI) | -1.5 | 1.5 | -0.6 | 1.1 | 2.2 | 1.9 | 0.7 | 2.7 | 3.7 | -2 | 2.6 | -4.5 | 5.9 | |
| Domestic demand2 | -0.4 | 0.7 | 0.8 | -0.8 | 0.7 | 4.6 | -1.6 | 3.8 | 1.8 | -1.1 | 2.3 | -4.8 | -3.9 | |
| Private demand | 0.6 | 0.2 | 0.7 | -1 | 0.3 | 6.4 | -2 | 4.7 | 0 | -1.6 | 3.2 | -5.9 | -2.8 | |
| Public demand | -3.3 | 2.2 | 0.9 | -0.2 | 1.8 | -0.7 | -0.5 | 1.4 | 7.5 | 0.3 | -0.1 | -1.1 | -7 | |
| Gross fixed capital formation | -3.2 | -1.2 | 6.1 | -6.1 | 4.6 | 2.2 | -1.9 | 4.4 | 2.9 | -3.4 | 4 | -2.6 | -2.9 | |
| Final demand | 2.3 | 2.2 | 2.7 | -1.1 | 1.8 | -0.8 | 2.8 | 1.8 | 0.1 | -0.5 | 0.6 | -2.2 | 0.4 |
Latest reading
GDP (expenditure approach) stood at 1.4 % annualized in Q2 2026. That is −0.5 pp from Q1 2026 and +0.9 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
- 1.4 % annualized
- Q2 2026
- vs previous period
- −0.5 pp
- Q1 2026
- vs a year earlier
- +0.9 pp
About this data
Annualized quarter-on-quarter growth of real GDP and its expenditure components, the headline figure of Japan's GDP release. Latest Quarterly Estimates release. Source: ESRI, Cabinet Office.
