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 570,618.9 0.1 -0.9 1.9 0.7
2020 554,342.3 -2.9 -3.8 -1.6 -0.8
2021 576,554.0 4.0 3.9 2.7 2.4
2022 591,651.3 2.6 1.4 2.6 2.0
2023 619,390.4 4.7 -0.0 1.8 1.1
2024 642,414.7 3.7 0.5 4.1 3.3
    (S.A.) % (S.A.) % % %
2021 Jul-Sep 139,641.6 0.0 -0.1 3.2 2.6
  Oct-Dec 150,907.8 1.1 1.2 2.2 2.5
2022 Jan-Mar 145,033.9 0.1 -0.4 2.0 2.3
  Apr-Jun 143,711.0 0.6 1.0 2.6 1.9
  Jul-Sep 141,719.4 -0.2 -0.4 2.5 1.9
  Oct-Dec 154,436.3 2.0 0.4 3.5 2.8
2023 Jan-Mar 151,784.6 2.0 0.7 1.6 1.2
  Apr-Jun 151,771.6 1.9 0.3 2.7 2.1
  Jul-Sep 150,454.6 0.0 -1.4 1.4 0.7
  Oct-Dec 162,022.1 1.0 0.4 1.3 0.6
2024 Jan-Mar 155,142.0 -0.7 -0.5 1.8 0.9
  Apr-Jun 155,368.7 2.1 0.2 3.5 3.0
  Jul-Sep 155,702.1 1.1 0.7 4.0 3.4
  Oct-Dec 168,013.2 1.1 0.3 5.1 3.9
2025 Jan-Mar 163,330.8 0.9 0.4 3.9 2.7
  Apr-Jun 163,645.3 2.1 0.5 4.0 2.8
  Jul-Sep 162,045.6 -0.1 -0.6 3.4 2.4
Source CAO  
"SNA(National Accounts of Japan)"
CAO "SNA"
MIC "Labour Force
Survey"
NOTES:
Benchmark year=2020.
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: Jul. - Sep. 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.