National Accounts

  Gross Domestic Product Compensation of employees
(nominal)
Nominal Real   Per capita
  Change from
previous
period
Change from
previous
period
Annual
percent
change
Annual
percent
change
Fiscal year ¥billion % % % %
2019 556,800.7 0.0 -0.8 2.0 0.8
2020 538,787.8 -3.2 -3.9 -1.5 -0.8
2021 554,572.0 2.9 3.0 2.1 1.9
2022 567,130.8 2.3 1.3 2.5 1.9
2023 594,708.4 4.9 0.6 1.9 1.2
2024 617,009.9 3.7 0.8 4.6 3.8
    (S.A.) % (S.A.) % % %
2021 Jan-Mar 136,888.6 0.4 0.3 0.6 1.2
  Apr-Jun 136,482.3 0.6 0.6 2.8 2.1
  Jul-Sep 134,327.6 -0.5 -0.5 2.7 2.1
  Oct-Dec 145,369.8 0.9 1.2 1.7 1.9
2022 Jan-Mar 138,392.3 0.0 -0.6 1.3 1.5
  Apr-Jun 138,081.7 0.8 1.2 2.2 1.5
  Jul-Sep 135,870.4 -0.6 -0.4 2.1 1.6
  Oct-Dec 148,119.9 1.7 0.3 3.3 2.6
2023 Jan-Mar 145,058.7 2.7 1.2 2.0 1.6
  Apr-Jun 146,040.5 2.1 0.6 2.8 2.3
  Jul-Sep 144,933.7 -0.1 -1.0 1.6 0.9
  Oct-Dec 155,346.1 0.2 -0.1 1.6 0.9
2024 Jan-Mar 148,388.1 0.1 -0.3 1.7 0.8
  Apr-Jun 149,633.1 2.4 1.0 4.3 3.8
  Jul-Sep 149,576.7 0.5 0.2 4.0 3.4
  Oct-Dec 161,861.0 1.1 0.6 5.6 4.4
2025 Jan-Mar 155,939.1 0.9 -0.0 4.4 3.2
Source CAO  
"SNA(National Accounts of Japan)"
CAO "SNA"
MIC "Labour Force
Survey"
NOTES:
Benchmark year = 2015
Compensation of employees per capita = Compensation of employees / Number of employees.
Data of number of employees are the compatible time-series data adjusted to the 2020-base benchmark revision.
Quarterly Estimates of GDP: Jan. - Mar. 2025 (The 2nd Preliminary Estimates)
The bar graph of Gross Domestic Product (real) changes from previous period S.A. See the table above for data.