Real Gross Domestic Product for Japan
Millions of Domestic Currency, Quarterly, Not Seasonally Adjusted
NGDPRNSAXDCJPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
142,083,200.00
Year-over-Year Change
3.27%
Date Range
1/1/1994 - 1/1/2025
Summary
This economic trend measures Japan's nominal gross domestic product (GDP) on a quarterly basis, without seasonal adjustments. It provides insight into the overall size and growth 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
Nominal GDP is a key macroeconomic indicator that captures the total value of all goods and services produced within a country, measured in the country's domestic currency. Analyzing trends in nominal GDP is crucial for economists and policymakers to assess economic performance and guide policy decisions.
Methodology
The data is collected and calculated by the Japanese government based on various economic surveys and reports.
Historical Context
Nominal GDP data is widely used by central banks, governments, and financial analysts to monitor economic conditions and inform policy actions.
Key Facts
- Japan's nominal GDP was 105.7 trillion yen in Q1 2023.
- Nominal GDP grew by 3.1% in Q1 2023 compared to the previous quarter.
- Japan's economy is the third-largest in the world by nominal GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures Japan's nominal gross domestic product (GDP) on a quarterly basis, without seasonal adjustments. Nominal GDP represents the total value of all goods and services produced within Japan, expressed in Japanese yen.
Q: Why is this trend relevant for users or analysts?
A: Nominal GDP is a crucial macroeconomic indicator that provides insight into the overall size and growth of the Japanese economy. It is widely used by economists, policymakers, and financial analysts to assess economic performance and inform policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Japanese government based on various economic surveys and reports.
Q: How is this trend used in economic policy?
A: Nominal GDP data is used by central banks, governments, and financial analysts to monitor economic conditions and guide policy actions, such as monetary policy decisions, fiscal policy planning, and investment strategies.
Q: Are there update delays or limitations?
A: The nominal GDP data is typically released by the Japanese government on a quarterly basis, with a delay of approximately 2-3 months after the end of the reference quarter.
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Citation
U.S. Federal Reserve, Millions of Domestic Currency, Quarterly, Not Seasonally Adjusted (NGDPRNSAXDCJPQ), retrieved from FRED.