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March 10, 2026JAPAN GDP Q4 & ANNUAL 2025 (SECOND PRELIMINARY) 
Second estimates revised the Japanese economy (real GDP) up in Q1 2025 to 1.1%, Q2 2025 was revised up to 2.4%, and Q4 was revised up to 1.3% at a seasonally adjusted annualized rate.
Japan's economic growth came with a revised 1.0% growth in real household consumption along with a revised 1.5% rise in government consumption spending, 21.0% rise in residential investment, 5.4% rise in non-residential investments, and a revised 1.3% decline in imports. These contributions to growth were partially offset by a revised declining public investment (-2.0%) and exports (-1.4%).
Japan's nominal GDP was revised up to 3.5% (seasonally adjusted annualized rate) in Q4 2025, rebounding from a revised 0.2% decline in Q3 2025. Q2 of 2025 was revised up to 9.0%. The price deflator for Japan's real GDP (the broad measure of price growth) increased at a revised seasonally adjusted annualized rate of 2.5% in Q4 2025, accelerating from a 2.2% pace in Q3 2025.
ANNUAL
Real GDP in Japan increased by 1.2% in 2025 from 2024. Nominal GDP increased 4.7% in 2025 compared to 2024.
Source: Cabinet Office of Japan, Quarterly Estimates of GDP
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