Japan Forecast: Real GDP Growth

1980 - 2028 | Yearly | % | International Monetary Fund

Key information about Japan Forecast: Real GDP Growth

  • Japan Real GDP Growth is forecasted to be 1.400 % in Dec 2023 as reported by International Monetary Fund.
  • It records an increase from the last reported number of 1.000 % in Dec 2022.
  • Looking ahead, Japan Real GDP Growth is projected to stand at 0.409 % in Dec 2028.
  • The data is updated yearly and is categorized in CEIC under World Trend Plus’s Country Forecast – Table IMF.WEO: Gross Domestic Product: Constant Prices: YoY.

View Japan's Forecast: Real GDP Growth from 1980 to 2028 in the chart:

Japan Forecast: Real GDP Growth

What is Japan's Forecast: Real GDP Growth in 2028?

Japan Real GDP Growth is forecasted to be 1.400 % in Dec 2023 as reported by International Monetary Fund. See the table below for more data.

Last Previous Min Max Unit Frequency Range
0.409 2028 0.386 2027 -5.693 2009 6.785 1988 % yearly 1980 - 2028

Forecast: Real GDP Growth by Country Comparison

country/region Last Frequency Range
Afghanistan (%) 2.711 2023 yearly 2003 - 2023
Albania (%) 3.400 2028 yearly 1980 - 2028
Algeria (%) 1.782 2028 yearly 1980 - 2028
Andorra (%) 1.500 2028 yearly 2001 - 2028
Angola (%) 4.230 2028 yearly 1980 - 2028
Antigua and Barbuda (%) 2.685 2027 yearly 1980 - 2027
Argentina (%) 2.000 2027 yearly 1980 - 2027
Armenia (%) 4.500 2028 yearly 1993 - 2028
Aruba (%) 1.100 2028 yearly 1987 - 2028
Australia (%) 2.279 2027 yearly 1980 - 2027
Austria (%) 1.527 2028 yearly 1980 - 2028
Azerbaijan (%) 2.572 2028 yearly 1993 - 2028
Bahamas (%) 1.496 2027 yearly 1980 - 2027
Bahrain (%) 2.733 2028 yearly 1980 - 2028
Bangladesh (%) 9.531 2021 yearly 1980 - 2021
Barbados (%) 1.840 2027 yearly 1980 - 2027
Belarus (%) 0.741 2028 yearly 1993 - 2028
Belgium (%) 1.289 2028 yearly 1980 - 2028
Belize (%) 2.012 2027 yearly 1980 - 2027
Benin (%) 5.934 2028 yearly 1980 - 2028
Bhutan (%) 5.114 2029 yearly 1980 - 2029
Bolivia (%) 3.400 2027 yearly 1980 - 2027
Bosnia and Herzegovina (%) 3.000 2028 yearly 1997 - 2028
Botswana (%) 3.957 2028 yearly 1980 - 2028
Brazil (%) 2.015 2028 yearly 1980 - 2028
Brunei (%) 2.112 2027 yearly 1986 - 2027
Bulgaria (%) 2.840 2028 yearly 1980 - 2028
Burkina Faso (%) 5.258 2027 yearly 1980 - 2027
Burundi (%) 4.565 2027 yearly 1980 - 2027
Cambodia (%) 6.500 2027 yearly 1988 - 2027
Cameroon (%) 4.898 2027 yearly 1980 - 2027
Canada (%) 1.643 2029 yearly 1980 - 2029
Cape Verde (%) 4.498 2027 yearly 1980 - 2027
Central African Republic (%) 3.347 2028 yearly 1980 - 2028
Chad (%) 3.508 2027 yearly 1980 - 2027
Chile (%) 2.459 2027 yearly 1980 - 2027
China (%) 3.437 2028 yearly 1980 - 2028
Colombia (%) 3.345 2028 yearly 1980 - 2028
Comoros (%) 4.342 2027 yearly 1980 - 2027
Congo (%) 3.980 2028 yearly 1980 - 2028
Costa Rica (%) 3.243 2027 yearly 1980 - 2027
Croatia (%) 2.800 2028 yearly 1993 - 2028
Cyprus (%) 2.983 2029 yearly 1980 - 2029
Czech Republic (%) 2.501 2027 yearly 1996 - 2027
Democratic Republic of Congo (%) 6.482 2028 yearly 1980 - 2028
Denmark (%) 1.800 2027 yearly 1980 - 2027
Djibouti (%) 5.000 2028 yearly 1992 - 2028
Dominica (%) 2.685 2028 yearly 1980 - 2028
Dominican Republic (%) 4.985 2028 yearly 1980 - 2028
Ecuador (%) 2.751 2028 yearly 1980 - 2028
Egypt (%) 5.984 2028 yearly 1980 - 2028
El Salvador (%) 1.965 2027 yearly 1980 - 2027
Equatorial Guinea (%) -0.981 2027 yearly 1980 - 2027
Eritrea (%) 2.925 2028 yearly 1993 - 2028
Estonia (%) 3.300 2027 yearly 1994 - 2027
Swaziland (%) 2.278 2027 yearly 1980 - 2027
Ethiopia (%) 6.953 2028 yearly 1980 - 2028
Fiji (%) 3.459 2028 yearly 1980 - 2028
Finland (%) 1.519 2029 yearly 1980 - 2029
France (%) 1.450 2028 yearly 1980 - 2028
Gabon (%) 3.809 2027 yearly 1981 - 2027
Gambia (%) 5.000 2027 yearly 1980 - 2027
Georgia (%) 5.198 2028 yearly 1995 - 2028
Germany (%) 1.134 2028 yearly 1980 - 2028
Ghana (%) 6.774 2027 yearly 1980 - 2027
Greece (%) 1.355 2027 yearly 1980 - 2027
Grenada (%) 2.849 2027 yearly 1980 - 2027
Guatemala (%) 3.900 2028 yearly 1980 - 2028
Guinea (%) 5.187 2027 yearly 1980 - 2027
Guinea-Bissau (%) 5.000 2027 yearly 1981 - 2027
Guyana (%) 3.320 2027 yearly 1980 - 2027
Haiti (%) 1.500 2027 yearly 1980 - 2027
Honduras (%) 3.940 2027 yearly 1980 - 2027
Hong Kong SAR, China (%) 2.849 2027 yearly 1980 - 2027
Hungary (%) 3.150 2027 yearly 1980 - 2027
Iceland (%) 2.432 2029 yearly 1980 - 2029
India (%) 6.042 2029 yearly 1981 - 2029
Indonesia (%) 5.117 2027 yearly 1980 - 2027
Iran (%) 2.047 2029 yearly 1981 - 2029
Iraq (%) 2.625 2027 yearly 1999 - 2027
Ireland (%) 3.010 2027 yearly 1980 - 2027
Israel (%) 3.499 2027 yearly 1980 - 2027
Italy (%) 0.882 2028 yearly 1980 - 2028
Ivory Coast (%) 6.000 2028 yearly 1980 - 2028
Jamaica (%) 1.600 2027 yearly 1980 - 2027
Japan (%) 0.409 2028 yearly 1980 - 2028
Jordan (%) 3.300 2027 yearly 1980 - 2027
Kazakhstan (%) 2.778 2028 yearly 1993 - 2028
Kenya (%) 5.516 2027 yearly 1980 - 2027
Kiribati (%) 1.971 2027 yearly 1980 - 2027
South Korea (%) 2.340 2027 yearly 1980 - 2027
Kosovo (%) 3.800 2029 yearly 2001 - 2029
Kuwait (%) 2.655 2027 yearly 1980 - 2027
Kyrgyzstan (%) 3.977 2028 yearly 1993 - 2028
Laos (%) 4.496 2028 yearly 1980 - 2028
Latvia (%) 3.377 2027 yearly 1993 - 2027
Lebanon (%) -22.000 2020 yearly 1980 - 2020
Lesotho (%) 2.084 2030 yearly 1981 - 2030
Liberia (%) 5.680 2027 yearly 2001 - 2027
Libya (%) 3.588 2027 yearly 1980 - 2027

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Japan Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -6.2 2024 yearly 1996 - 2024
Consolidated Fiscal Balance (USD mn) -331,330.503 2023 yearly 1995 - 2023
Tax Revenue (USD mn) 36,950.208 Oct 2024 monthly Apr 1983 - Oct 2024
Tax Revenue: % of GDP (%) 9.3 Sep 2024 quarterly Jun 1983 - Sep 2024
National Government Debt (USD mn) 9,396,604.9 Apr 2023 monthly Apr 1982 - Apr 2023
Government Debt: % of GDP (%) 217.0 Sep 2024 quarterly Dec 1994 - Sep 2024
Forecast: Government Expenditure (JPY bn) 285,838.584 2029 yearly 1980 - 2029
Forecast: Government Net Debt (JPY bn) 1,715,996.312 2029 yearly 1980 - 2029
Forecast: Government Revenue (JPY bn) 257,940.611 2029 yearly 1980 - 2029
General Government (GG): Revenue (JPY bn) 219,673.900 2023 yearly 1995 - 2023
GG: REV: TS: Taxes on Income, Profits, & Capital Gains(TIPC) (JPY bn) 64,533.600 2023 yearly 1995 - 2023
GG: REV: TS: Taxes on Goods & Services (TGS) (JPY bn) 42,540.900 2023 yearly 1995 - 2023
GG: Revenue: Social Contributions (JPY bn) 77,684.600 2023 yearly 1995 - 2023
GG: Revenue: Grants (JPY bn) 5.300 2023 yearly 1995 - 2023
GG: Expenses (JPY bn) 238,040.500 2023 yearly 1995 - 2023
GG: Net Operating Balance (JPY bn) 2,135.200 2023 yearly 1995 - 2023
GG: Net Acquisition of Nonfinancial Assets (JPY bn) 1,823.900 2023 yearly 1995 - 2023
Central Government Operations: Expenditure (JPY hm) 309,088.000 Jun 2024 quarterly Mar 2008 - Jun 2024
Central Government Operations: Revenue (JPY hm) 10,973.000 Jun 2024 quarterly Mar 2008 - Jun 2024
Central Government Operations: Balance (Deficit/Surplus) (JPY hm) -298,115.000 Jun 2024 quarterly Mar 2008 - Jun 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 1.447 2029 yearly 1980 - 2029
Trade Balance (USD mn) -2,386.3 Oct 2024 monthly Apr 1995 - Oct 2024
Total Exports (USD mn) 59,253.3 Oct 2024 monthly Apr 1995 - Oct 2024
Total Exports Growth (%) 1.3 Oct 2024 monthly Apr 1996 - Oct 2024
Aluminum: Exports (USD th) 1,416,918.924 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 4,922,979.164 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 2,845,576.661 2022 yearly 1995 - 2022
Total Imports (USD mn) 61,639.6 Oct 2024 monthly Apr 1995 - Oct 2024
Total Imports Growth (%) -0.1 Oct 2024 monthly Apr 1996 - Oct 2024
Imports: Medicament (USD th) 18,580,835.646 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 21,183,617.064 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 12,075.598 Oct 2024 monthly Jan 1960 - Oct 2024
Total Imports from USA (USD mn) 6,743.540 Oct 2024 monthly Feb 1960 - Oct 2024
Total Exports to China (USD mn) 11,173.621 Oct 2024 monthly Jan 1960 - Oct 2024
Total Imports from China (USD mn) 16,385.958 Oct 2024 monthly Feb 1960 - Oct 2024
Imports: sa (JPY bn) 9,239.218 Oct 2024 monthly Apr 1995 - Oct 2024
Exports: sa (JPY bn) 8,881.529 Oct 2024 monthly Apr 1995 - Oct 2024
Trade Balance: sa (JPY bn) -357.689 Oct 2024 monthly Apr 1995 - Oct 2024
Exports: MTE: Transport Equipment (TE) (JPY bn) 2,168.545 Oct 2024 monthly Feb 1991 - Oct 2024
Exports Unit Value Index: Fisher Formula (FF): Total (2015=100) 100.40 Jul 2018 monthly Jan 2003 - Jul 2018
Imports Unit Value Index: FF: Fisher Formula (FF): Total (2015=100) 101.17 Jul 2018 monthly Jan 2003 - Jul 2018
Exports Quantum Index (2015=100) 106.65 Jul 2018 monthly Jan 2003 - Jul 2018
Imports Quantum Index: USA (2015=100) 106.43 Jul 2018 monthly Jan 2003 - Jul 2018
Imports Quantum Index: China (2015=100) 104.22 Jul 2018 monthly Jan 2003 - Jul 2018
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 18,526.0 Sep 2024 monthly Jan 1996 - Sep 2024
Current Account Balance (USD mn) 14,232.0 Apr 2023 monthly Jan 1996 - Apr 2023
Foreign Direct Investment (USD mn) 11,181.3 Sep 2024 monthly Jan 1996 - Sep 2024
Foreign Direct Investment: % of GDP (%) 0.5 Sep 2024 quarterly Mar 1980 - Sep 2024
Foreign Portfolio Investment (USD mn) -97,334.750 Sep 2024 quarterly Mar 1996 - Sep 2024
Foreign Portfolio Investment: % of GDP (%) -9.8 Sep 2024 quarterly Mar 1980 - Sep 2024
Foreign Portfolio Investment: Equity Securities (USD mn) -41,931.0 Sep 2024 quarterly Mar 1996 - Sep 2024
Foreign Portfolio Investment: Debt Securities (USD mn) -55,403.738 Sep 2024 quarterly Mar 1996 - Sep 2024
External Debt (USD mn) 4,198,303.2 Jun 2024 quarterly Mar 2003 - Jun 2024
External Debt: % of GDP (%) 107.5 2023 yearly 2003 - 2023
External Debt: Short Term (USD mn) 3,069,062.2 Jun 2024 quarterly Mar 2003 - Jun 2024
External Debt: Short Term: % of GDP (%) 77.7 2023 yearly 2003 - 2023
Total Debt: % of GDP (%) 1,295.3 Jun 2024 quarterly Jun 1998 - Jun 2024
Forecast: Current Account Balance (USD bn) 156.819 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) 3,379,338.294 Jun 2024 quarterly Jun 2010 - Jun 2024
BoP: CA: G&S: Goods: Exports (JPY bn) 8,698.403 Sep 2024 monthly Jan 1996 - Sep 2024
BoP: Financial Account (FA) (JPY bn) 2,674.536 Sep 2024 monthly Jan 1996 - Sep 2024
BoP: CA: G&S: Services (JPY bn) -256.254 Sep 2024 monthly Jan 1996 - Sep 2024
BoP: FA: Reserve Assets (JPY bn) 975.675 Sep 2024 monthly Jan 1996 - Sep 2024
BoP: CA: G&S: Goods (JPY bn) -315.185 Sep 2024 monthly Jan 1996 - Sep 2024
BoP: Current Account (CA) (JPY bn) 1,717.113 Sep 2024 monthly Jan 1996 - Sep 2024
BoP: CA: G&S: Goods: Imports (JPY bn) 9,013.588 Sep 2024 monthly Jan 1996 - Sep 2024
BoP: FA: Direct Investment (JPY bn) 1,049.954 Sep 2024 monthly Jan 1996 - Sep 2024
BoP: Capital Account (JPY bn) -24.916 Sep 2024 monthly Jan 1996 - Sep 2024
BoP: CA: Primary Income (JPY bn) 2,774.462 Sep 2024 monthly Jan 1996 - Sep 2024
BoP: CA: Secondary Income (JPY bn) -485.909 Sep 2024 monthly Jan 1996 - Sep 2024
BoP: FA: Portfolio Investment (JPY bn) 8,745.362 Sep 2024 monthly Jan 1996 - Sep 2024
BoP: Net Errors and Omissions (JPY bn) 982.338 Sep 2024 monthly Jan 1996 - Sep 2024
BoP: CA: G&S: Services (SS): Total: Credit (CR) (JPY bn) 2,587.223 Sep 2024 monthly Jan 1996 - Sep 2024
BoP: CA: G&S: Services (SS): Total: Debit (DR) (JPY bn) 2,843.477 Sep 2024 monthly Jan 1996 - Sep 2024
BoP: FA: DI: Liabilities (Lia) (JPY bn) 1,598.409 Sep 2024 monthly Jan 1996 - Sep 2024
BoP: FA: DI: Assets (Ass) (JPY bn) 2,648.363 Sep 2024 monthly Jan 1996 - Sep 2024
BoP: sa: CA: G&S: Goods: Net (JPY bn) -324.169 Sep 2024 monthly Jan 1996 - Sep 2024
BoP: sa: CA: G&S: Goods: Imports (JPY bn) 9,007.260 Sep 2024 monthly Jan 1996 - Sep 2024
BoP: sa: CA: G&S: Services (SS): Net (JPY bn) -378.784 Sep 2024 monthly Jan 1996 - Sep 2024
BoP: sa: Current Account (CA): Net (JPY bn) 1,271.721 Sep 2024 monthly Jan 1996 - Sep 2024
BoP: sa: CA: G&S: Goods: Exports (JPY bn) 8,683.091 Sep 2024 monthly Jan 1996 - Sep 2024
BoP: sa: CA: Primary Income: Net (JPY bn) 2,451.844 Sep 2024 monthly Jan 1996 - Sep 2024
BoP: sa: CA: Secondary Income: Net (JPY bn) -477.170 Sep 2024 monthly Jan 1996 - Sep 2024
BoP: sa: CA: Secondary Income: Debit (JPY bn) 365.341 Mar 2019 monthly Jan 1996 - Mar 2019
BoP: sa: CA: Secondary Income: Credit (JPY bn) 284.009 Mar 2019 monthly Jan 1996 - Mar 2019
EDP: DTC: Long Term (LT) (JPY bn) 29,963.645 Jun 2024 quarterly Mar 2014 - Jun 2024
Gross External Debt Position (EDP) (JPY bn) 675,423.018 Jun 2024 quarterly Mar 2014 - Jun 2024
EDP: GG: Long Term (LT) (JPY bn) 96,884.020 Jun 2024 quarterly Mar 2014 - Jun 2024
EDP: GG: Short Term (ST) (JPY bn) 90,740.988 Jun 2024 quarterly Mar 2014 - Jun 2024
EDP: DTC: Short Term (ST) (JPY bn) 212,863.530 Jun 2024 quarterly Mar 2014 - Jun 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.3 Mar 2024 semiannually Mar 1999 - Mar 2024
Household Debt: % of GDP (%) 65.4 Jun 2024 quarterly Dec 1997 - Jun 2024
Non-Performing Loans (USD mn) 63,344.796 2023 yearly 1998 - 2023
Money Supply M1 (USD mn) 7,745,278.883 Sep 2024 monthly Jan 1957 - Sep 2024
Money Supply M2 (USD mn) 11,049,351.483 Sep 2024 monthly Jan 1957 - Sep 2024
M2 Growth (%) 1.2 Oct 2024 monthly Jan 1968 - Oct 2024
Reserve Requirement Ratio (%) 0.8 Sep 2024 monthly Oct 1980 - Sep 2024
Foreign Exchange Reserves (USD mn) 1,095,601.0 Oct 2024 monthly Apr 2000 - Oct 2024
Foreign Exchange Reserves: % of GDP (%) 0.840 Sep 2024 monthly Oct 1980 - Sep 2024
Foreign Exchange Reserves: Months of Import (NA) 16.6 Oct 2024 monthly Apr 2000 - Oct 2024
Gold Reserves (USD mn) 74,367.000 Oct 2024 monthly Dec 1956 - Oct 2024
Total Deposits (USD mn) 8,763,620.610 Oct 2024 monthly Apr 1998 - Oct 2024
Total Deposits Growth (%) 0.2 Oct 2024 monthly Apr 1999 - Oct 2024
Domestic Credit (USD mn) 12,784,975.2 Sep 2024 monthly Apr 2003 - Sep 2024
Domestic Credit Growth (%) 1.5 Sep 2024 monthly Apr 2004 - Sep 2024
Debt Service Ratio: Households (%) 7.400 Dec 2023 quarterly Mar 1999 - Dec 2023
Debt Service Ratio: Private Non-Financial Sector (%) 15.500 Dec 2023 quarterly Mar 1999 - Dec 2023
Credit to Households (USD bn) 2,751.511 Dec 2023 quarterly Dec 1964 - Dec 2023
Credit to Private Non-Financial Sector (USD bn) 7,555.720 Dec 2023 quarterly Dec 1964 - Dec 2023
Household Debt (USD mn) 2,437,731.8 Jun 2024 quarterly Dec 1997 - Jun 2024
Total Loans (USD mn) 4,871,384.312 Oct 2024 monthly Oct 2000 - Oct 2024
Total Loans Growth (%) 3.52 Oct 2024 monthly Oct 2001 - Oct 2024
Private Debt: % of Nominal GDP (%) 122.59 Mar 2024 quarterly Dec 2001 - Mar 2024
Money Stock: Avg: Money Supply: M2 (JPY bn) 1,249,789.200 Oct 2024 monthly Apr 2003 - Oct 2024
Money Stock: Money Supply: M3 (JPY bn) 1,605,924.800 Sep 2024 monthly Apr 2003 - Sep 2024
Money Stock: Money Supply: M1 (JPY bn) 1,098,517.500 Sep 2024 monthly Apr 2003 - Sep 2024
Money Stock: sa: Money Supply M3 (JPY bn) 1,613,753.700 Sep 2024 monthly Apr 2003 - Sep 2024
Money Stock: Avg: sa: M2 (JPY bn) 1,253,756.000 Oct 2024 monthly Apr 2003 - Oct 2024
Money Stock: sa: Money Suppy M1 (JPY bn) 1,109,511.200 Sep 2024 monthly Apr 2003 - Sep 2024
JP: Loans & Discounts: Outstanding: DLB: Corporations: Incl Finance & Insurance (JPY bn) 312,385.90 Mar 2018 monthly Oct 2000 - Mar 2018
JP: Loans & Discounts: Outstanding: DLB: Local Governments (JPY bn) 29,197.20 Mar 2018 monthly Oct 2000 - Mar 2018
JP: Loans & Discounts: Outstanding: DLB: Individuals (JPY bn) 140,008.40 Mar 2018 monthly Oct 2000 - Mar 2018
JP: Loans & Discounts: Outstanding: DLB: Overseas Yen Loans, Domestic Transfer (JPY bn) 12,191.20 Mar 2018 monthly Oct 2000 - Mar 2018
JP: Outstanding of NPLs: Total (JPY bn) 1,800.000 Sep 2018 semiannually Mar 2002 - Sep 2018
Business and Economic Survey Last Frequency Range
Monetary Policy Uncertainty Index (Index) 96.486 Oct 2024 monthly Jan 1987 - Oct 2024
Business Confidence Growth (% Point) 3.0 Mar 2025 quarterly Mar 2001 - Mar 2025
Tankan: AE: DI: Actual: BC: Mfg: Electrical Machinery (%) 6.000 Sep 2024 quarterly Mar 2015 - Sep 2024
Tankan: All Enterprises(AE): DI:Forecast: Bus. Condition(BC):All Ind (%) 10.000 Mar 2025 quarterly Mar 2015 - Mar 2025
Tankan: AE: DI: Forecast: BC: Manufacturing (%) 5.000 Mar 2025 quarterly Mar 2015 - Mar 2025
Tankan: AE: DI: Forecast: BC: Mfg: Electrical Machinery (%) 6.000 Dec 2024 quarterly Mar 2015 - Dec 2024
Tankan: AE: DI: Forecast: BC: Non Manufacturing (NM) (%) 14.000 Mar 2025 quarterly Mar 2015 - Mar 2025
Economy Watchers: Diffusion Index: Current Economics Conditions: sa (NA) 47.500 Oct 2024 monthly Aug 2001 - Oct 2024
Business Condition Judgement: All Industries (%) -21.500 Sep 2024 quarterly Jun 1994 - Sep 2024

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