Japan GDP Annual Growth Rate 1981-2019
GDP Annual Growth Rate in Japan is expected to be -1.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Japan to stand at 1.20 in 12 months time. In the long-term, the Japan GDP Annual Growth Rate is projected to trend around 1.30 percent in 2021 and 1.40 percent in 2022, according to our econometric models.
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.