No. 23 — June 16, 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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FY 1998

FY 1999

April-
June
1999

July-
September
1999

October-
December
1999

January-
March
2000

Gross Domestic Product

¥480,165.2

¥482,350.8

¥487,498.1

¥482,618.5

¥474,672.4

¥486,090.6

(-1.9%)

(0.5%)

(3.9%)

(-3.9%)

(-6.4%)

(10.0%)

aaa Consumer Spending

283,019.9

286,307.4

287,902.2

287,213.0

282,609.9

287,563.4

(-0.6%)

(1.2%)

(4.6%)

(-1.0%)

(-6.3%)

(7.2%)

aaa Private Residential Construction

18,080.0

19,090.7

19,821.7

19,192.9

18,077.5

19,278.0

(-10.9%)

(5.6%)

(62.4%)

(-12.1%)

(-21.3%)

(29.3%)

aaa Private Fixed Nonresidential Investment

81,392.9

79,384.4

78,158.2

76,919.3

79,401.8

82,738.6

(-9.5%)

(-2.5%)

(-8.1%)

(-6.2%)

(13.5%)

(17.9%)

aaa Change in Business Inventories

-218.4

350.6

638.0

73.2

439.1

272.6

*

*

*

*

*

*

aaa Government Current Expenditures

45,974.7

46,301.7

45,942.0

46,339.3

46,271.8

46,649.5

(1.4%)

(0.7%)

(-5.2%)

(3.5%)

(-0.6%)

(3.3%)

aaa Government Fixed Investment

39,813.9

39,470.9

44,524.3

40,751.7

38,558.1

35,670.1

(1.5%)

(-0.9%)

(11.7%)

(-29.8%)

(-19.9%)

(-26.8%)

aaa Change in Government Inventories

-100.1

-29.9

166.1

62.4

-442.7

90.5

*

*

*

*

*

*

aaa Net External Sector

12,202.5

11,475.0

10,345.6

12,066.7

9,756.9

13,827.9

(13.6%)

(-6.0%)

(-15.2%)

(85.1%)

(-57.3%)

(303.4%)

aaa aaa Exports of Goods and Services

65,070.3

68,935.8

65,308.7

68,577.1

69,075.1

72,784.5

(-3.8%)

(5.9%)

(6.0%)

(21.6%)

(2.9%)

(23.3%)

aaa aaa Imports of Goods and Services

52,867.8

57,460.8

54,963.1

56,510.4

59,318.2

58,956.6

(-7.0%)

(8.7%)

(10.7%)

(11.7%)

(21.4%)

(-2.4%)

Gross National Product

486,746.7

487,967.1

492,989.7

488,117.0

479,437.9

492,558.2

(-1.9%)

(0.3%)

(3.9%)

(-3.9%)

(-6.9%)

(11.4%)

*Cannot be calculated or meaningless.

Source: Economic Planning Agency

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