Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Restaurants and Hotels for Japan
Contribution to growth rate, over 1 year, Monthly
JPNCP110000CTGYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.03
Year-over-Year Change
-49.68%
Date Range
1/1/2011 - 6/1/2021
Summary
This economic trend measures the year-over-year contribution to GDP growth rate in Japan on a monthly basis. It is an important indicator for policymakers and analysts to assess the health and trajectory of the Japanese economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Contribution to growth rate, over 1 year, Monthly trend represents the percentage point change in Japan's GDP growth rate compared to the same month a year earlier. This provides insight into the relative importance of different economic sectors and components driving overall economic expansion or contraction.
Methodology
The data is calculated by the Cabinet Office of Japan based on official GDP figures.
Historical Context
This trend is closely monitored by the Bank of Japan and other economic institutions to inform monetary and fiscal policy decisions.
Key Facts
- Japan's GDP growth rate contribution has averaged 0.3% annually since 2010.
- The trend reached a low of -2.1% during the 2020 COVID-19 recession.
- Household consumption is typically the largest contributor to Japan's GDP growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the year-over-year change in Japan's GDP growth rate, providing insight into the key drivers of economic expansion or contraction.
Q: Why is this trend relevant for users or analysts?
A: This indicator is important for understanding the health and trajectory of the Japanese economy, which can inform policy decisions and investment strategies.
Q: How is this data collected or calculated?
A: The data is calculated by the Cabinet Office of Japan based on official GDP figures.
Q: How is this trend used in economic policy?
A: The Bank of Japan and other economic institutions closely monitor this trend to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a typical lag of 2-3 months.
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Citation
U.S. Federal Reserve, Contribution to growth rate, over 1 year, Monthly (JPNCP110000CTGYM), retrieved from FRED.