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For additional information relating to this article, please contact:

Thomas Storring Director of Economics/Statistics
Tel: 902-424-2410Email: Thomas.Storring@novascotia.ca

August 14, 2017
JAPAN GDP 2017 Q2 (FIRST PRELIMINARY)

Japan's real GDP increased by 4.0 per cent in the second quarter of 2017 (seasonally adjusted annualized rates) according to the first preliminary estimate released by the Government of Japan's Economic and Social Research Institute. This marks the sixth consecutive quarter of real GDP growth at an average pace of 2.0 per cent over this time. 

Nominal GDP grew 4.6 per cent in Q2 as price growth remains weak in Japan. 

Real private consumption, at around 55 per cent of total GDP, grew 3.7 per cent in the quarter; government consumption was up 1.3 per cent. Investments were up with residential (+6.0%), non-residential (+9.9%) and public investment (21.9%) all increasing in the quarter. Exports were down 1.9 per cent and imports rose 5.6 per cent in Q2.

 

Cabinet Office of Japan: Quarterly Estimates of GDP



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