# Japan Nominal GDP, expenditure side, current prices, SA at annual rate (Cabinet Office QE)

Japan Nominal GDP, expenditure side, current prices, SA at annual rate (Cabinet Office QE) was up 3.4% year on year in Q2 2026, compared with 3.8% in Q1 2026.
The level stood at 689,219 JPY billion (SAAR).
That is the lowest reading since Q2 2024.
Over the past ten years it has ranged from −8.0% (Q2 2020) to 8.4% (Q2 2021), averaging 2.1%.

- Source agency: Statistics Bureau of Japan (e-Stat)
- Makrognosis code: `JP.GDP.Q.NOM`
- Frequency: quarterly
- Units: JPY billion (SAAR)
- Coverage: 1996-03-01 to 2026-06-01 (122 observations)
- Page: https://makrognosis.robomacro.com/data/japan/nominal-gdp-expenditure-side-current-prices-sa-at-annual-rate-cabinet

## Recent data

| Period | Value | Y/Y % |
|---|---:|---:|
| Q2 2026 | 689,219 JPY billion (SAAR) | 3.4 |
| Q1 2026 | 680,104 JPY billion (SAAR) | 3.8 |
| Q4 2025 | 675,001 JPY billion (SAAR) | 3.9 |
| Q3 2025 | 668,858 JPY billion (SAAR) | 4.2 |
| Q2 2025 | 666,770 JPY billion (SAAR) | 5.2 |
| Q1 2025 | 655,118 JPY billion (SAAR) | 5.3 |
| Q4 2024 | 649,474 JPY billion (SAAR) | 4.0 |
| Q3 2024 | 642,142 JPY billion (SAAR) | 3.9 |
| Q2 2024 | 633,655 JPY billion (SAAR) | 2.6 |
| Q1 2024 | 621,924 JPY billion (SAAR) | 2.6 |
| Q4 2023 | 624,550 JPY billion (SAAR) | 5.1 |
| Q3 2023 | 618,274 JPY billion (SAAR) | 6.2 |
| Q2 2023 | 617,564 JPY billion (SAAR) | 5.9 |
| Q1 2023 | 606,146 JPY billion (SAAR) | 4.6 |
| Q4 2022 | 594,171 JPY billion (SAAR) | 2.5 |
| Q3 2022 | 581,991 JPY billion (SAAR) | 1.6 |
| Q2 2022 | 583,011 JPY billion (SAAR) | 1.7 |
| Q1 2022 | 579,222 JPY billion (SAAR) | 1.7 |
| Q4 2021 | 579,492 JPY billion (SAAR) | 2.7 |
| Q3 2021 | 572,990 JPY billion (SAAR) | 3.3 |
| Q2 2021 | 573,352 JPY billion (SAAR) | 8.4 |
| Q1 2021 | 569,485 JPY billion (SAAR) | 0.3 |
| Q4 2020 | 564,104 JPY billion (SAAR) | −0.08 |
| Q3 2020 | 554,800 JPY billion (SAAR) | −3.6 |

## API

```
curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/JP.GDP.Q.NOM"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/JP.GDP.Q.NOM",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
```