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:
March 08, 2017JAPAN GDP 2016 Q4 (SECOND PRELIMINARY) Japan's real GDP increased by 1.0 per cent in the fourth quarter of 2016 (seasonally adjusted annualized rates) according to the second preliminary estimate released by the Government of Japan's Economic and Social Research Institute. This was unchanged from the first preliminary estimate. Although this makes four consecutive quarters of real GDP growth, the pace of growth has decelerated in the last two quarters. Japan has not reported four consecutive quarters of real GDP growth since 2012-2013.
Nominal GDP growth has been little faster than real GDP growth as price growth remains persistently slow in Japan. Nominal GDP grew at a rate of 1.6 per cent (SAAR) in the fourth quarter of 2016, up from 1.2 per cent in the first preliminary estimate.
Japan's fourth quarter real GDP growth results primarily from rising exports, government consumption and private residential as well as non-residential investments. Private household consumption spending was flat, government investments were down and imports were up (but not as fast as export growth). Inventory accumulation also slowed for Japan in Q4.
The annual growth rates were unchanged from the first preliminary release. On an annual basis, Japan's real GDP increased by 1.0 per cent in 2016, continuing from the pace of 1.2 per cent in 2015. Nominal GDP growth was 1.3 per cent in 2016, as price growth slowed after Japan's nominal GDP grew by 3.3 per cent in 2015.
Cabinet Office of Japan: Quarterly Estimates of GDP
<--- Return to Archive