Latest GDP Flash Estimates Overview
The Economic and Social Research Institute (ESRI) published "Quarterly GDP Flash Estimates (2nd Preliminary) for April-June 2025" on September 8, 2025, which presents key indicators of Japan's latest economic trends. The analysis includes both real-term analysis based on 2015 calendar year chained prices and nominal-term analysis.
Quarterly GDP Growth Rate Trends
April-June 2025 (Quarter-on-Quarter): Real GDP growth rate recorded 0.5%, while nominal GDP growth rate reached 1.6%. This indicates Japan's moderate recovery trend and reflects the rise in deflator. The real growth rate corresponds to approximately 2.0% on an annualized basis.
Annual GDP Growth Rate (FY2024, Year-on-Year): Real GDP growth rate was 0.7%, while nominal GDP growth rate reached 3.7%. Nominal growth rate significantly exceeded real growth rate, clearly showing the impact of price increases.
Quarterly GDP Real Value Trends
April-June 2025 Real Values: Real GDP reached 564.3 trillion yen (2015 chained prices), while nominal GDP reached 635.1 trillion yen. The difference between real and nominal values of approximately 70 trillion yen demonstrates the impact of price increases.
FY2024 Annual Real Values: Real GDP recorded 558.7 trillion yen, while nominal GDP reached 615.9 trillion yen. Compared to quarterly figures, steady expansion trend in economic scale can be confirmed.
Statistical Development and International Standards Compliance
ESRI is advancing statistical system development including preparations for 2025 SNA compliance and continued implementation of 2015 benchmark revision. Particularly for statistical reform compliance, efforts are being made to improve accuracy of quarterly flash estimates and enhance annual estimates. Major statistical data are also provided as CSV format time-series data, promoting utilization in research and analysis.
Related Statistics and Survey Publication Status
Related statistics including Fixed Capital Stock Flash Estimates, Quarterly Household Disposable Income and Savings Rate, and SNA Input-Output Tables are continuously published, establishing a statistical system that enables multifaceted analysis of Japan's economy. Results from Corporate Investment and Retirement Survey and Local Government Consumption Status Survey are also published together, contributing to detailed understanding of economic structure.