Japan GDP Growth Rate

The Japanese economy expanded 0.5 percent on quarter in the March quarter of 2016, compared to an initial estimate of a 0.4 percent growth. Private consumption grew faster than expected while business spending fell much lower than anticipated and government spending and exports were in line with expectations, final figures showed. GDP Growth Rate in Japan averaged 0.48 percent from 1980 until 2016, reaching an all time high of 3.20 percent in the second quarter of 1990 and a record low of -4 percent in the first quarter of 2009. GDP Growth Rate in Japan is reported by the Cabinet Office, Japan. Japan’s industrialized, free market economy is the fourth biggest in the world. Japan has the largest electronics industry and the third largest automobile industry in the world. Japan’s economy is well-known by its efficiency and competitiveness in exports oriented sectors, but productivity is lower in areas such as agriculture, distribution, and services. This page provides – Japan GDP Growth Rate – actual values, historical data, forecast, chart, statistics, economic calendar and news.