The Economics and Statistics Division maintains archives of previous publications for accountability purposes, but makes no updates to keep these documents current with the latest data revisions from Statistics Canada. As a result, information in older documents may not be accurate. Please exercise caution when referring to older documents. For the latest information and historical data, please contact the individual listed to the right.
<--- Return to Archive
For additional information relating to this article, please contact:
November 15, 2024JAPAN GDP Q3 2024 (PRELIMINARY) 
Preliminary estimates indicate that the Japanese economy (real GDP) grew at a seasonally adjusted annualized rate of 0.9% in the third quarter of 2024. Combined with the 2.2% growth rate from Q2, Japan's economy has delivered two consecutive quarters of real GDP growth, which has not happened since the first half of 2023.
Japan's economic growth came with a 3.7% growth in real household consumption along with a 2.0% rise in government consumption spending and a 1.5% increase in exports. These contributions to growth were offset by declining residential (-0.4%), non-residential (-0.7%) and public investment (-3.6%) along with an 8.5% increase in imports.
Japan's nominal GDP grew by 2.1% (seasonally adjusted annualized rate) in Q3 2024, slowing from the 7.0% pace set in Q2 2024. The price deflator for Japan's real GDP (the broad measure of price growth) increased at a seasonally adjusted annualized rate of 1.5% in Q3 2024, decelerating from a 4.5% pace in Q2 2024.
Source: Cabinet Office of Japan, Quarterly Estimates of GDP
<--- Return to Archive
