Japan Real GDP, Not Seasonally Adjusted
Real GDP and its expenditure components as original quarterly values, not seasonally adjusted, in billions of chained 2020 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)9 | 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 | |
| Private final consumption expenditure1 | 76,445.8 | 77,709.9 | 78,802.1 | 77,000.3 | 75,561 | 76,701.1 | 77,732.2 | 76,008.1 | 74,660.6 | 75,802.7 | 77,593.2 | 75,793.9 | 75,468.8 | |
| Household final consumption expenditure1 | 73,722.3 | 75,115 | 75,968.6 | 74,222.2 | 72,997.4 | 74,212.7 | 75,003.1 | 73,330.3 | 72,205 | 73,227.1 | 74,770.3 | 73,009.6 | 72,929.4 | |
| Household consumption excluding imputed rent | 60,110.4 | 61,502.3 | 62,360.4 | 60,638.4 | 59,431.5 | 60,655.2 | 61,458.8 | 59,810.6 | 58,708 | 59,744.4 | 61,289.6 | 59,548.5 | 59,490.9 | |
| Private residential investment | 5,464.3 | 5,656.4 | 5,790.9 | 5,486 | 5,627.2 | 5,766.4 | 5,993.5 | 5,913.3 | 5,496.4 | 5,701.3 | 5,971.6 | 5,932.7 | 5,654.4 | |
| Private non-residential investment | 24,561.3 | 30,664.5 | 27,334.1 | 26,059.6 | 24,778.7 | 30,289.2 | 26,316.6 | 25,737.2 | 24,124 | 29,650.8 | 26,158.7 | 25,065.3 | 23,695.7 | |
| Change in private inventories | 1,281 | -2,065.8 | -203.4 | 371.2 | 1,529.3 | -980.5 | -23.2 | 346.1 | 859 | -1,736.9 | 84 | -362.6 | 1,463.8 | |
| Government final consumption expenditure | 31,342.8 | 30,946.7 | 30,771.1 | 30,254.1 | 30,519.7 | 30,498.6 | 30,502.4 | 30,105.3 | 30,375 | 29,931.9 | 29,781.7 | 29,415.3 | 29,632 | |
| Public fixed capital formation | 5,724.5 | 7,783.5 | 7,502.2 | 6,550.5 | 5,756.3 | 7,721.8 | 7,649 | 6,645.5 | 5,669.7 | 7,657.5 | 7,614.9 | 6,605.1 | 5,790.5 | |
| Change in public inventories | -554.5 | -23.7 | -7.6 | -7.2 | -39.6 | 6.4 | -23.5 | -9.1 | -20.8 | -38 | -25.6 | -56.7 | -35.6 | |
| Net exports of goods and services2 | 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 | |
| Exports of goods and services | 26,978.8 | 26,639.2 | 27,507.6 | 26,269.5 | 26,657.5 | 26,051.2 | 27,663 | 25,965.8 | 25,312 | 24,993.7 | 27,227 | 25,259.8 | 24,784.5 | |
| Imports of goods and services | 24,627.8 | 25,694.1 | 25,814 | 25,125.9 | 25,141.8 | 25,372.1 | 25,010.4 | 24,815.5 | 24,056.6 | 23,822 | 24,851.7 | 23,543.9 | 23,183.7 | |
| Statistical discrepancy | -130 | -476 | -122.3 | -220.9 | -53.7 | -384.6 | 179.5 | -165.9 | -129.4 | -256.8 | 110.8 | -25 | 273.3 | |
| Trading gains and losses | -2,381.3 | -1,275.4 | -1,454.7 | -1,759.4 | -1,986 | -2,188.3 | -2,361.5 | -2,418.6 | -2,532.6 | -2,521.9 | -2,952.2 | -2,598.2 | -3,065.5 | |
| Gross domestic income (GDI) | 144,104.9 | 149,865.3 | 150,106 | 144,877.8 | 143,208.5 | 148,109.2 | 148,617.6 | 143,312.2 | 139,757.2 | 145,362.3 | 146,712.4 | 141,485.8 | 140,478.2 | |
| Net income from the rest of the world2 | 7,213.3 | 9,941.2 | 6,732.3 | 11,477.7 | 7,890.4 | 9,889.2 | 6,610.8 | 10,790.8 | 8,447.3 | 9,154.1 | 6,727.8 | 9,832.2 | 7,886.1 | |
| Income receivable from the rest of the world | 15,258.6 | 15,213.7 | 13,238.2 | 16,474.2 | 14,926.6 | 14,895.4 | 12,858.9 | 15,853.7 | 15,463.7 | 13,935.1 | 12,552.2 | 14,220.7 | 13,974.4 | |
| Income payable to the rest of the world | 8,045.2 | 5,272.5 | 6,506 | 4,996.5 | 7,036.2 | 5,006.2 | 6,248.1 | 5,062.9 | 7,016.4 | 4,781.1 | 5,824.4 | 4,388.5 | 6,088.3 | |
| Gross national income (GNI) | 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 | |
| Domestic demand2 | 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 | |
| Private demand | 107,803.3 | 111,642.3 | 111,607.1 | 108,873.5 | 107,639.4 | 111,594.9 | 109,944.6 | 107,991.8 | 105,182.3 | 109,100.7 | 109,752.7 | 106,313.1 | 106,434.5 | |
| Public demand | 36,160 | 38,741.3 | 38,288.5 | 36,765 | 36,128.3 | 38,269.7 | 38,145.7 | 36,719.2 | 35,942.9 | 37,561.6 | 37,385.8 | 35,919.9 | 35,321.8 | |
| Gross fixed capital formation | 35,739 | 44,047.9 | 40,609.6 | 38,076.8 | 36,158.5 | 43,731.7 | 39,958.6 | 38,298 | 35,290.1 | 42,962.9 | 39,747.3 | 37,618.6 | 35,158.5 | |
| Final demand | 145,869.5 | 153,680.6 | 151,914.6 | 146,303.9 | 143,533.1 | 151,553.3 | 151,143.2 | 145,430.7 | 141,394.4 | 150,104.7 | 149,701.4 | 144,709.9 | 141,921.8 |
Latest reading
GDP (expenditure approach) stood at 146,486.3 in Q2 2026. That is −3.1% from Q1 2026 and +0.9% 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
- 146,486.3
- Q2 2026
- vs previous period
- −3.1%
- Q1 2026
- vs a year earlier
- +0.9%
About this data
Real GDP and its expenditure components as original quarterly values, not seasonally adjusted, in billions of chained 2020 yen. Latest Quarterly Estimates release. Source: ESRI, Cabinet Office.
