Description
Japan's Real Gross Domestic Product (GDP) Growth Rate is calculated and published by the Cabinet Office. This indicator measures the change in the total value of goods and services produced by the economy, adjusted for inflation. A higher GDP growth rate indicates faster economic expansion, while a lower rate indicates slower growth or contraction, making it a key measure of economic health.
The Real GDP Growth Rate expressed as the Seasonally Adjusted Annual Rate (SAAR) is derived by taking the quarterly growth rate, adjusting for seasonal variations, and annualizing it.
This data is typically released quarterly, providing information on the economic activity of the previous quarter.