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:
May 18, 2022JAPAN GDP 2022Q1 
The Japanese economy continued its pattern of growth followed by contraction in the first quarter of 2022, posting a seasonally adjusted annualized decline of 1.0% in the first preliminary estimate. Japan's real GDP remains 0.7% smaller in 2022Q1 than it was at the pre-pandemic period (2019Q4).
In 2022Q1, contributions to real GDP decline came from contractions in residential investment and public investment as well as a sharp increase in imports. There was also a slight decline in real household consumption spending. These were partially offset by rising exports and nonresidential investments.
Japan's nominal GDP increased by 0.4% (seasonally adjusted annualized rate) in 2022Q1.
A seasonally adjusted annualized rate shows what the percent change would be if the quarterly rate continued for a full year, by compounding the quarterly rate four times. Reporting annualized rates facilitates comparability between annual and quarterly growth but can exaggerate change when series are volatile. Japan's real GDP contracted by 0.2% from 2021Q4 to 2022Q1 (seasonally adjusted, non-annualized).
Cabinet Office of Japan: Quarterly Estimates of GDP
<--- Return to Archive
