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May 21, 2019JAPAN GDP 2019 Q1 (FIRST PRELIMINARY) The Japanese economy posted positive quarterly growth with a seasonally adjusted annualized rate increase of 2.1 per cent for the first quarter of 2019. This follows an increase of 1.6 per cent for the fourth quarter and a decrease of 2.5 per cent in the third quarter of 2018. Real GDP in Japan was 0.8 per cent larger than in first quarter of 2018.
Japan's nominal GDP was up 3.3 per cent in the first quarter of 2019 following an increase of 1.9 per cent in Q4 and a decline of 2.5 per cent in Q3 2018. Growth in overall prices (GDP deflator) remains subdued in Japan.
The first quarter of 2019, saw declines in private consumption (-0.3%), private non-residential investment (-1.2%), government consumption (-0.7%) and exports (-9.4%). Offsetting the declines were an increase in private residential investment (+4.5%) and inventories. A large decline in imports (-17.2%), which are a subtraction in GDP calculations to remove double counting, was the most significant factor contributing to positive GDP growth in the quarter.
Cabinet Office of Japan: Quarterly Estimates of GDP
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