Japan GDP YoYJapan GDP YoYJapan GDP YoY

Japan GDP YoY

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Key data points


Last release
Observation period
Q2 2024
Next release
Forecast
Highest
9.40% on Mar 31, 1988
Lowest
−9.70% on Jun 30, 2020

About Japan GDP YoY


Category
GDP
Frequency
Quarterly
Units
%
Japan’s economy, the fourth largest in the world, is fully diversified and technologically advanced. Like in most developed countries, services account for the highest percentage of GDP (around 62 percent of GDP). Within services the most important once are wholesale and retail trade (around 7 percent of GDP) and real estate (around 6 percent of GDP). Manufacturing is the engine of the Japanese economy and accounts for nearly 22 percent of GDP. Construction also plays a significant role, accounting for around 5 percent of GDP.