Real GDP growth rate Japan Q1 2017-Q1 2024
According to the second preliminary announcement in June 2024, the real gross domestic product (GDP) of Japan in the first quarter of 2024 shrank by 0.5 percent (seasonally adjusted) and 1.8 percent (annualized) compared to the previous quarter.
GDP refers to the total market value of all goods and services that are produced within a country. Real GDP is adjusted for price changes and is therefore regarded as a key indicator for the economic well-being of a country.