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

Buy Selected Data

Includes Forecast: Real GDP Growth on 195 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Afghanistan (%) -20.737 2021 yearly 2003 - 2021
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 (%) 3.625 2028 yearly 1980 - 2028
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 (%) 1.662 2028 yearly 1980 - 2028
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 (%) 2.899 2028 yearly 1980 - 2028
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 (%) 1.624 2028 yearly 1980 - 2028
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 (%) 2.379 2028 yearly 1980 - 2028
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 2028 yearly 2001 - 2028
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 (%) 1.599 2029 yearly 1981 - 2029
Liberia (%) 5.680 2027 yearly 2001 - 2027
Libya (%) 3.588 2027 yearly 1980 - 2027

Accurate Macro & Micro Economic Data You Can Trust

Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.

Learn more about what we do

Japan Key Series

Buy Selected Data

Includes 233 key indicators for Japan, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -6.2 2024 yearly 1996 - 2024
Consolidated Fiscal Balance (USD mn) -478,258.041 2022 yearly 1995 - 2022
Tax Revenue (USD mn) 42,076.144 Jan 2024 monthly Apr 1983 - Jan 2024
Tax Revenue: % of GDP (%) 12.5 Dec 2023 quarterly Jun 1983 - Dec 2023
National Government Debt (USD mn) 9,396,604.9 Apr 2023 monthly Apr 1982 - Apr 2023
Government Debt: % of GDP (%) 217.5 Dec 2023 quarterly Dec 1994 - Dec 2023
Forecast: Government Expenditure (JPY bn) 268,418.980 2028 yearly 1980 - 2028
Forecast: Government Net Debt (JPY bn) 1,700,671.670 2028 yearly 1980 - 2028
Forecast: Government Revenue (JPY bn) 246,161.740 2028 yearly 1980 - 2028
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 Debt (JPY bn) 1,286,452.000 Dec 2023 monthly Apr 1982 - Dec 2023
Central Government Operations: Expenditure (JPY hm) 240,230.000 Sep 2023 quarterly Mar 2008 - Sep 2023
Central Government Operations: Revenue (JPY hm) 130,611.000 Sep 2023 quarterly Mar 2008 - Sep 2023
Central Government Operations: Balance (Deficit/Surplus) (JPY hm) -109,619.000 Sep 2023 quarterly Mar 2008 - Sep 2023
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 1.674 2028 yearly 1980 - 2028
Trade Balance (USD mn) 1,608.3 Jan 2024 monthly Apr 1995 - Jan 2024
Total Exports (USD mn) 59,915.3 Jan 2024 monthly Apr 1995 - Jan 2024
Total Exports Growth (%) 10.5 Jan 2024 monthly Apr 1996 - Jan 2024
Aluminum: Exports (USD th) 1,860,148.047 2022 yearly 1995 - 2022
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) 58,307.0 Jan 2024 monthly Apr 1995 - Jan 2024
Total Imports Growth (%) -10.8 Jan 2024 monthly Apr 1996 - Jan 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) 9,729.640 Jan 2024 monthly Jan 1960 - Jan 2024
Total Imports from USA (USD mn) 6,894.136 Jan 2024 monthly Feb 1960 - Jan 2024
Total Exports to China (USD mn) 8,546.570 Jan 2024 monthly Jan 1960 - Jan 2024
Total Imports from China (USD mn) 15,105.444 Jan 2024 monthly Feb 1960 - Jan 2024
Imports: sa (JPY bn) 8,529.979 Jan 2024 monthly Apr 1995 - Jan 2024
Exports: sa (JPY bn) 8,765.262 Jan 2024 monthly Apr 1995 - Jan 2024
Trade Balance: sa (JPY bn) 235.283 Jan 2024 monthly Apr 1995 - Jan 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) 21,009.0 Dec 2023 monthly Jan 1996 - Dec 2023
Current Account Balance (USD mn) 14,232.0 Apr 2023 monthly Jan 1996 - Apr 2023
Foreign Direct Investment (USD mn) 5,616.9 Dec 2023 monthly Jan 1996 - Dec 2023
Foreign Direct Investment: % of GDP (%) 0.8 Dec 2023 quarterly Mar 1980 - Dec 2023
Foreign Portfolio Investment (USD mn) 4,221.799 Dec 2023 quarterly Mar 1996 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) 0.4 Dec 2023 quarterly Mar 1980 - Dec 2023
Foreign Portfolio Investment: Equity Securities (USD mn) 16,671.5 Dec 2023 quarterly Mar 1996 - Dec 2023
Foreign Portfolio Investment: Debt Securities (USD mn) -12,449.653 Dec 2023 quarterly Mar 1996 - Dec 2023
External Debt (USD mn) 4,340,852.2 Jun 2023 quarterly Mar 2003 - Jun 2023
External Debt: % of GDP (%) 104.6 2022 yearly 2003 - 2022
External Debt: Short Term (USD mn) 3,090,954.2 Jun 2023 quarterly Mar 2003 - Jun 2023
External Debt: Short Term: % of GDP (%) 74.7 2022 yearly 2003 - 2022
Total Debt: % of GDP (%) 1,298.4 Sep 2023 quarterly Jun 1998 - Sep 2023
Forecast: Current Account Balance (USD bn) 167.498 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) 3,282,315.630 Jun 2023 quarterly Jun 2010 - Jun 2023
BoP: CA: G&S: Goods: Exports (JPY bn) 9,538.414 Dec 2023 monthly Jan 1996 - Dec 2023
BoP: Financial Account (FA) (JPY bn) 743.694 Dec 2023 monthly Jan 1996 - Dec 2023
BoP: CA: G&S: Services (JPY bn) -383.255 Dec 2023 monthly Jan 1996 - Dec 2023
BoP: FA: Reserve Assets (JPY bn) 244.382 Dec 2023 monthly Jan 1996 - Dec 2023
BoP: CA: G&S: Goods (JPY bn) 115.509 Dec 2023 monthly Jan 1996 - Dec 2023
BoP: CA: G&S: Goods: Imports (JPY bn) 9,422.905 Dec 2023 monthly Jan 1996 - Dec 2023
BoP: FA: Direct Investment (JPY bn) 2,216.174 Dec 2023 monthly Jan 1996 - Dec 2023
BoP: Capital Account (JPY bn) -24.205 Dec 2023 monthly Jan 1996 - Dec 2023
BoP: CA: Primary Income (JPY bn) 1,262.351 Dec 2023 monthly Jan 1996 - Dec 2023
BoP: FA: Portfolio Investment (JPY bn) 1,545.445 Dec 2023 monthly Jan 1996 - Dec 2023
BoP: Net Errors and Omissions (JPY bn) 23.612 Dec 2023 monthly Jan 1996 - Dec 2023
BoP: CA: Secondary Income (JPY bn) -250.319 Dec 2023 monthly Jan 1996 - Dec 2023
BoP: Current Account (CA) (JPY bn) 744.287 Dec 2023 monthly Jan 1996 - Dec 2023
BoP: CA: G&S: Services (SS): Total: Credit (CR) (JPY bn) 2,482.423 Dec 2023 monthly Jan 1996 - Dec 2023
BoP: CA: G&S: Services (SS): Total: Debit (DR) (JPY bn) 2,865.677 Dec 2023 monthly Jan 1996 - Dec 2023
BoP: FA: DI: Liabilities (Lia) (JPY bn) 808.728 Dec 2023 monthly Jan 1996 - Dec 2023
BoP: FA: DI: Assets (Ass) (JPY bn) 3,024.902 Dec 2023 monthly Jan 1996 - Dec 2023
BoP: sa: CA: G&S: Goods: Net (JPY bn) -365.235 Dec 2023 monthly Jan 1996 - Dec 2023
BoP: sa: CA: G&S: Goods: Imports (JPY bn) 9,351.294 Dec 2023 monthly Jan 1996 - Dec 2023
BoP: sa: Current Account (CA): Net (JPY bn) 1,809.952 Dec 2023 monthly Jan 1996 - Dec 2023
BoP: sa: CA: G&S: Services (SS): Net (JPY bn) -321.156 Dec 2023 monthly Jan 1996 - Dec 2023
BoP: sa: CA: Primary Income: Net (JPY bn) 2,849.401 Dec 2023 monthly Jan 1996 - Dec 2023
BoP: sa: CA: G&S: Goods: Exports (JPY bn) 8,986.059 Dec 2023 monthly Jan 1996 - Dec 2023
BoP: sa: CA: Secondary Income: Net (JPY bn) -353.057 Dec 2023 monthly Jan 1996 - Dec 2023
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) 28,316.376 Jun 2023 quarterly Mar 2014 - Jun 2023
Gross External Debt Position (EDP) (JPY bn) 627,122.911 Jun 2023 quarterly Mar 2014 - Jun 2023
EDP: GG: Long Term (LT) (JPY bn) 106,313.444 Jun 2023 quarterly Mar 2014 - Jun 2023
EDP: DTC: Short Term (ST) (JPY bn) 184,358.187 Jun 2023 quarterly Mar 2014 - Jun 2023
EDP: GG: Short Term (ST) (JPY bn) 102,667.821 Jun 2023 quarterly Mar 2014 - Jun 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.2 Sep 2022 semiannually Mar 1999 - Sep 2022
Household Debt: % of GDP (%) 66.0 Sep 2023 quarterly Dec 1997 - Sep 2023
Non-Performing Loans (USD mn) 73,221.344 2021 yearly 1998 - 2021
Money Supply M1 (USD mn) 7,630,259.012 Dec 2023 monthly Jan 1957 - Dec 2023
Money Supply M2 (USD mn) 11,184,085.297 Dec 2023 monthly Jan 1957 - Dec 2023
M2 Growth (%) 2.4 Jan 2024 monthly Jan 1968 - Jan 2024
Reserve Requirement Ratio (%) 0.8 Dec 2023 monthly Oct 1980 - Dec 2023
Foreign Exchange Reserves (USD mn) 1,169,506.0 Jan 2024 monthly Apr 2000 - Jan 2024
Foreign Exchange Reserves: % of GDP (%) 0.830 Dec 2023 monthly Oct 1980 - Dec 2023
Foreign Exchange Reserves: Months of Import (NA) 18.8 Jan 2024 monthly Apr 2000 - Jan 2024
Gold Reserves (USD mn) 55,846.000 Jan 2024 monthly Dec 1956 - Jan 2024
Total Deposits (USD mn) 9,145,319.978 Jan 2024 monthly Apr 1998 - Jan 2024
Total Deposits Growth (%) 2.6 Jan 2024 monthly Apr 1999 - Jan 2024
Domestic Credit (USD mn) 12,875,683.4 Dec 2023 monthly Apr 2003 - Dec 2023
Domestic Credit Growth (%) 4.1 Dec 2023 monthly Apr 2004 - Dec 2023
Debt Service Ratio: Households (%) 7.500 Sep 2023 quarterly Mar 1999 - Sep 2023
Debt Service Ratio: Private Non-Financial Sector (%) 15.600 Sep 2023 quarterly Mar 1999 - Sep 2023
Credit to Households (USD bn) 2,590.969 Sep 2023 quarterly Dec 1964 - Sep 2023
Credit to Private Non-Financial Sector (USD bn) 7,095.940 Sep 2023 quarterly Dec 1964 - Sep 2023
Household Debt (USD mn) 2,650,300.4 Jun 2023 quarterly Dec 1997 - Jun 2023
Total Loans (USD mn) 4,974,955.559 Jan 2024 monthly Oct 2000 - Jan 2024
Total Loans Growth (%) 3.92 Jan 2024 monthly Oct 2001 - Jan 2024
Private Debt: % of Nominal GDP (%) 120.95 Sep 2023 quarterly Dec 2001 - Sep 2023
JP: Loans & Discounts: Outstanding: DLB: Individuals (JPY bn) 140,008.40 Mar 2018 monthly Oct 2000 - Mar 2018
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: Overseas Yen Loans, Domestic Transfer (JPY bn) 12,191.20 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: 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) 105.841 Nov 2023 monthly Jan 1987 - Nov 2023
Business Confidence Growth (% Point) 4.0 Mar 2024 quarterly Mar 2001 - Mar 2024
Tankan: All Enterprises(AE): DI:Forecast: Bus. Condition(BC):All Ind (%) 8.000 Mar 2024 quarterly Mar 2015 - Mar 2024
Tankan: AE: DI: Forecast: BC: Mfg: Electrical Machinery (%) -2.000 Mar 2024 quarterly Mar 2015 - Mar 2024
Tankan: AE: DI: Actual: BC: Mfg: Electrical Machinery (%) -3.000 Dec 2023 quarterly Mar 2015 - Dec 2023
Tankan: AE: DI: Forecast: BC: Non Manufacturing (NM) (%) 12.000 Mar 2024 quarterly Mar 2015 - Mar 2024
Tankan: AE: DI: Forecast: BC: Manufacturing (%) 2.000 Mar 2024 quarterly Mar 2015 - Mar 2024
Economy Watchers: Diffusion Index: Current Economics Conditions: sa (NA) 50.200 Jan 2024 monthly Aug 2001 - Jan 2024
Business Condition Judgement: All Industries (%) -20.200 Dec 2023 quarterly Jun 1994 - Dec 2023

More Indicators for Japan

Request a demo of CEIC

CEIC’s economic databases cover over 200 global markets. Our Platform offers the most reliable macroeconomic data and advanced analytical tools.

Request a demo
Please note, product demos are not available for students. Please click here to find out more about the version of CEIC available for student users.
Unlimited access tailored to your data needs
Flexible monthly access to CEIC data