No. 11 — March 17, 2000

Japan's Real Gross Domestic Product at Constant (1990) Prices

(in billions of yen, seasonally adjusted, quarterly totals and rates of growth at annual rates)

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CY 1998

CY 1999

January-
March
1999

April-
June
1999

July-
September
1999

October-
December
1999

Gross Domestic Product

¥480,586.8

¥481,865.2

¥482,863.1

¥487,498.1

¥482,618.5

¥475,828.5

(-2.5%)

(0.3%)

(6.3%)

(3.9%)

(-3.9%)

(-5.5%)

aaa Consumer Spending

282,201.4

285,528.1

284,691.4

287,902.2

287,213.0

282,570.5

(-0.6%)

(1.2%)

(3.5%)

(4.6%)

(-1.0%)

(-6.3%)

aaa Private Residential Construction

18,436.0

18,688.7

17,559.8

19,821.7

19,192.9

18,077.5

(-14.4%)

(1.4%)

(5.6%)

(62.4%)

(-12.1%)

(-21.3%)

aaa Private Fixed Nonresidential Investment

83,553.2

78,891.5

79,829.1

78,158.2

76,919.3

80,469.1

(-7.6%)

(-5.6%)

(9.3%)

(-8.1%)

(-6.2%)

(19.8%)

aaa Change in Business Inventories

28.7

331.3

182.2

638.0

73.2

439.4

*

*

*

*

*

*

aaa Government Current Expenditures

45,681.4

46,279.9

46,558.6

45,942.0

46,339.2

46,275.8

(1.5%)

(1.3%)

(3.2%)

(-5.2%)

(3.5%)

(-0.5%)

aaa Government Fixed Investment

38,414.6

41,418.4

43,307.0

44,524.3

40,751.7

38,561.2

(-3.0%)

(7.8%)

(27.1%)

(11.7%)

(-29.8%)

(-19.8%)

aaa Change in Government Inventories

-63.5

-65.5

-47.2

166.1

62.4

-442.7

*

*

*

*

*

*

aaa Net External Sector

12,334.9

10,792.9

10,782.2

10,345.6

12,066.7

9,877.7

(27.7%)

(-12.5%)

(-34.8%)

(-15.2%)

(85.1%)

(-55.1%)

aaa aaa Exports of Goods and Services

65,610.0

66,813.4

64,367.3

65,308.7

68,577.1

68,851.1

(-2.5%)

(1.8%)

(0.2%)

(6.0%)

(21.6%)

(1.6%)

aaa aaa Imports of Goods and Services

53,275.0

56,020.5

53,585.1

54,963.1

56,510.4

58,973.4

(-7.6%)

(5.2%)

(9.9%)

(10.7%)

(11.7%)

(18.6%)

Gross National Product

487,555.7

487,198.8

488,340.5

492,989.7

488,117.0

480,590.5

(-2.3%)

(-0.1%)

(4.8%)

(3.9%)

(-3.9%)

(-6.0%)

*Cannot be calculated or meaningless.

Source: Economic Planning Agency

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