Japan GDP 1Q2014

by Eduardo Petazze
In the 1Q2014 (CY) Japanese GDP grew by 3.05% Y/Y (+1.64% Q/Q or +6.73% SAAR), from +2.49 Y/Y (+0.30% Q/Q, SAAR) in 4Q2014
Personal consumption expenditure prices index grew by +0.89% Y/Y (+0.16% Q/Q, SAAR)
The Cabinet Office, Government of Japan released the 2nd. preliminary estimate of GDP for January-March 2014 quarter
Links:
GDP (expenditure approach) and its components
Domestic final consumption expenditure of households, GFCF, and Exports and Imports of goods and services
The following is a summary

Real GDP
Gross data
Billions of Chained (2005) Yen, NSA
Final consumption expenditure
Households
Imputed rent
NPISH
Government
Gross fixed capital formation
Private
Public
Change in Inventories and residual
Exports
Imports
GDP
Last data
Y/Y
Final consumption expenditure
Households
House, imputed rent
NPISH
Government
Gross fixed capital formation
Private
Public
Exports
Imports
GDP
memo: Households Implicit price
Y/Y

2012Q1
2012Q2
2012Q3
2012Q4
2013Q1
2013Q2
2013Q3
2013Q4
2014Q1
101,679.4 100,478.8 101,536.5 103,832.2 103,196.2 102,481.6 103,901.8 106,120.7 106,294.6
62,030.3
61,215.3
62,481.7
63,973.9
62,864.0
62,378.3
64,096.1
65,603.4
65,508.0
12,484.0
12,521.5
12,562.9
12,606.1
12,644.6
12,684.5
12,733.2
12,782.9
12,825.0
1,441.7
1,763.8
2,052.8
2,161.3
1,602.0
1,816.5
2,092.8
2,202.2
1,640.0
25,723.4
24,978.2
24,439.1
25,090.9
26,085.6
25,602.3
24,979.7
25,532.2
26,321.6
29,081.0
23,043.7
25,254.1
25,472.7
28,679.8
23,134.4
26,278.0
27,213.5
32,004.3
22,837.3
19,127.5
20,738.0
19,790.2
22,479.9
18,898.2
20,902.0
20,348.1
25,096.0
6,243.7
3,916.2
4,516.1
5,682.5
6,199.9
4,236.2
5,376.0
6,865.4
6,908.3
-2,999.3
459.1
-560.4
1,058.8
-3,284.7
71.4
-1,035.0
614.2
-4,827.5
20,869.9
20,935.3
20,338.0
19,844.6
20,186.5
20,939.7
20,993.3
21,231.3
21,990.3
18,016.8
18,148.4
18,452.7
18,267.1
18,077.2
18,300.8
19,052.3
19,955.7
20,778.1
130,614.2 126,768.5 128,115.5 131,941.2 130,700.6 128,326.3 131,085.8 135,224.0 134,683.6
2012Q1
2012Q2
2012Q3
2012Q4
2013Q1
2013Q2
2013Q3
2013Q4
2014Q1
3.28%
2.58%
1.00%
0.97%
1.49%
1.99%
2.33%
2.20%
3.00%
4.04%
3.28%
0.59%
0.38%
1.34%
1.90%
2.58%
2.55%
4.21%
0.84%
1.29%
1.26%
1.28%
1.29%
1.30%
1.36%
1.40%
1.43%
14.41%
6.83%
6.74%
5.85%
11.12%
2.99%
1.95%
1.89%
2.37%
2.15%
1.28%
1.47%
1.96%
1.41%
2.50%
2.21%
1.76%
0.90%
5.60%
6.41%
2.92%
-0.95%
-1.38%
0.39%
4.05%
6.83%
11.59%
5.96%
7.77%
3.41%
-2.49%
-1.56%
-1.20%
0.79%
2.82%
11.64%
4.32%
0.23%
0.74%
4.81%
-0.70%
8.17%
19.04%
20.82%
11.43%
0.98%
9.17%
-4.82%
-5.02%
-3.27%
0.02%
3.22%
6.99%
8.94%
6.72%
8.99%
4.99%
0.98%
0.34%
0.84%
3.25%
9.24%
14.94%
3.24%
3.24%
-0.22%
-0.30%
0.07%
1.23%
2.32%
2.49%
3.05%
93.98
94.28
93.15
93.74
93.12
93.68
93.63
94.46
93.94
-0.46%
-0.66%
-1.10%
-0.59%
-0.92%
-0.64%
0.51%
0.76%
0.89%

Seasonally adjusted data

Billions of Chained (2005) Yen, SA
Final consumption expenditure
Households
Imputed rent
NPISH
Government
Gross fixed capital formation
Private
Public
Change in Inventories and residual
Exports
Imports
GDP
Last data
Q/Q, SAAR
Final consumption expenditure
Households
Imputed rent
NPISH
Government
Gross fixed capital formation
Private
Public
Exports
Imports
GDP
memo: Households Implicit price
Q/Q, SAAR

2012Q1
2012Q2
2012Q3
2012Q4
2013Q1
2013Q2
2013Q3
2013Q4
2014Q1
407,129.0 407,714.1 406,686.4 408,754.0 412,868.6 415,544.7 416,418.4 417,827.5 424,956.0
249,649.8 250,563.8 248,803.2 249,956.2 252,944.7 255,000.6 255,467.5 256,428.1 263,186.0
49,941.9
50,100.6
50,245.9
50,408.4
50,589.3
50,759.5
50,930.3
51,114.1
51,324.6
7,243.6
7,394.2
7,554.0
7,642.7
7,658.9
7,667.2
7,709.2
7,762.5
7,826.0
100,293.7
99,655.5 100,083.3 100,746.7 101,675.7 102,117.4 102,311.4 102,522.8 102,619.4
103,203.3 103,532.8 102,214.0 102,327.2 102,000.2 104,060.0 106,670.6 108,672.2 113,794.0
82,297.9
83,055.5
82,237.0
82,400.9
81,154.3
81,882.9
82,981.3
84,712.0
90,491.3
20,905.4
20,477.3
19,977.0
19,926.3
20,845.9
22,177.1
23,689.3
23,960.2
23,302.7
-527.3
-3,264.7
-1,718.5
-2,606.7
-2,184.9
-4,284.3
-3,680.6
-4,289.0
-7,988.5
84,680.9
84,232.0
80,857.8
78,412.9
81,749.9
84,125.6
83,567.7
83,945.2
88,999.7
72,604.6
73,648.7
73,382.3
71,997.5
72,812.2
74,107.0
75,905.6
78,691.6
83,638.9
521,881.3 518,565.5 514,657.4 514,889.9 521,621.6 525,339.0 527,070.5 527,464.3 536,122.3
2012Q1
2012Q2
2012Q3
2012Q4
2013Q1
2013Q2
2013Q3
2013Q4
2014Q1
2.63%
0.58%
-1.00%
2.05%
4.09%
2.62%
0.84%
1.36%
7.00%
1.43%
1.47%
-2.78%
1.87%
4.87%
3.29%
0.73%
1.51%
10.97%
1.34%
1.28%
1.17%
1.30%
1.44%
1.35%
1.35%
1.45%
1.66%
6.39%
8.58%
8.93%
4.78%
0.85%
0.43%
2.21%
2.79%
3.31%
6.12%
-2.52%
1.73%
2.68%
3.74%
1.75%
0.76%
0.83%
0.38%
-1.65%
1.28%
-5.00%
0.44%
-1.27%
8.33%
10.42%
7.72%
20.23%
-10.47%
3.73%
-3.88%
0.80%
-5.92%
3.64%
5.47%
8.61%
30.21%
45.72%
-7.94%
-9.42%
-1.01%
19.78%
28.10%
30.19%
4.65%
-10.53%
11.83%
-2.10%
-15.09%
-11.56%
18.14%
12.14%
-2.63%
1.82%
26.35%
8.11%
5.88%
-1.44%
-7.34%
4.60%
7.31%
10.07%
15.51%
27.62%
4.15%
-2.52%
-2.98%
0.18%
5.33%
2.88%
1.32%
0.30%
6.73%
94.45
93.95
93.24
93.57
93.52
93.39
93.73
94.27
94.30
1.30%
-2.10%
-2.97%
1.42%
-0.21%
-0.57%
1.49%
2.29%
0.16%

Nominal GDP
Gross data
Nominal Gross Domestic Product (NSA) Billion Yen
NSA

2010Q1
2010Q2
2010Q3
2010Q4
2011Q1
2011Q2
2011Q3
2011Q4
2012Q1
2012Q2
2012Q3
2012Q4
2013Q1
2013Q2
2013Q3
2013Q4
2014Q1
Last data

Goods & Services

GDP
118,011.8
119,394.3
119,179.5
125,798.8
115,859.9
115,168.5
116,321.9
123,960.5
118,219.5
117,615.5
115,205.4
122,743.9
117,079.8
118,348.6
117,367.8
125,239.6
120,551.6

Exports
17,561.8
18,464.1
18,533.1
18,623.3
18,182.0
16,985.0
18,459.0
17,671.9
17,829.8
17,949.6
17,057.3
16,938.2
18,499.4
19,567.1
19,550.9
19,958.5
20,873.1

Imports
15,972.6
17,115.6
16,990.0
17,341.0
18,056.6
18,770.8
19,300.4
19,444.0
19,774.6
20,113.9
19,529.3
19,738.7
21,387.7
22,194.4
23,030.4
24,568.9
26,108.3

Domestic
Demand

Private
Demand

116,422.6
118,045.7
117,636.3
124,516.5
115,734.5
116,954.4
117,163.3
125,732.7
120,164.4
119,779.8
117,677.5
125,544.4
119,968.1
120,975.9
120,847.3
129,850.0
125,786.8

86,815.6
88,412.2
91,242.7
92,847.9
86,612.8
87,233.1
90,770.8
94,286.1
90,194.7
90,116.5
91,148.4
93,688.9
89,885.1
90,350.6
92,964.5
96,336.5
94,664.6

memo:
Public
Demand
29,607.0
29,633.5
26,393.7
31,668.5
29,121.7
29,721.3
26,392.5
31,446.6
29,969.7
29,663.3
26,529.1
31,855.5
30,083.0
30,625.3
27,882.9
33,513.5
31,122.3

Gross Fixed
Capital
Formation
27,111.6
21,305.4
24,008.4
24,005.5
26,911.0
21,106.9
23,952.4
25,136.7
28,343.5
22,403.9
24,451.3
24,869.1
28,013.3
22,676.2
25,877.6
27,134.7
31,658.7

Seasonally adjusted data

Nominal Gross Domestic Product (SA) Billion Yen
SA
2010Q1
2010Q2
2010Q3
2010Q4
2011Q1
2011Q2
2011Q3
2011Q4
2012Q1
2012Q2
2012Q3
2012Q4
2013Q1
2013Q2
2013Q3
2013Q4
2014Q1
Last data

GDP
479,776.7
482,470.8
486,336.7
481,263.7
471,553.2
464,706.3
474,550.2
475,361.8
480,040.3
474,766.1
470,116.8
470,812.3
475,066.1
478,093.3
479,116.1
480,107.9
486,860.2

Goods & Services

Exports
70,924.7
74,393.9
73,953.5
73,793.7
73,275.7
67,933.8
73,771.0
70,503.0
71,800.9
71,348.7
68,341.6
67,749.9
74,230.4
77,879.1
78,385.9
79,670.8
83,724.5

Imports
64,576.1
68,229.2
67,948.4
69,114.3
72,717.5
74,660.3
77,408.5
77,640.3
79,379.9
80,017.5
78,505.8
78,734.6
85,739.4
88,383.4
92,725.6
97,761.7
104,638.0

Domestic
Demand
473,428.1
476,306.1
480,331.6
476,584.4
470,995.0
471,432.8
478,187.7
482,499.1
487,619.3
483,434.9
480,281.0
481,797.0
486,575.1
488,597.6
493,455.8
498,198.9
507,773.7

Private
Demand

Public
Demand

355,365.8
359,121.6
362,797.0
360,129.6
354,407.8
354,021.2
361,068.5
366,367.5
367,996.3
366,212.1
362,841.8
363,963.5
366,604.2
367,154.1
370,163.0
374,467.5
384,224.9

118,062.3
117,184.5
117,534.6
116,454.8
116,587.2
117,411.6
117,119.2
116,131.6
119,623.0
117,222.8
117,439.2
117,833.6
119,970.9
121,443.5
123,292.8
123,731.4
123,548.8

Also see:
Balance of Payments, April 2014 pdf, 10 pages (MoF)
June Survey: Investments & Exports Invite 0.85 Real Growth in FY2014 (JCER)

memo:
Gross Fixed
Capital
Formation
95,881.8
96,620.5
97,423.9
95,775.5
95,653.7
95,397.2
97,137.0
100,877.9
100,648.7
100,816.3
99,164.0
99,477.2
99,698.0
102,172.0
105,281.2
107,800.4
112,671.9