Japanese economy expands 1.1 percent in Q4 2009

Tuesday, 16 February 2010 11:41:04 (GMT+3)   |  
       

According to the preliminary estimates, Japan's real gross domestic product (GDP) increased by 1.1 percent in the last quarter of 2009 compared to the previous quarter, while growth in real GDP on an annual basis was registered as 4.6 percent.

In the first quarter of 2009, the country's economy, hit by the global recession had contracted by 3.2 percent. However, the Japanese economy recovered quickly from the downturn and in the second quarter of the year it expanded by 1.3 percent. In the third quarter of last year, no change was recorded in the country's real GDP.

In the last three months of last year, Japanese public investments fell by 1.6 percent while the Japanese export-driven economy's exports of goods and services rose five percent, both compared to the previous quarter.

The data show that Japan in certain regards still retains its title as the world's second largest economy, after the US but ahead of China.

On the other hand, in December 2009, the country's seasonally adjusted industrial production index increased 1.9 percent compared to the previous month. In November 2009, the index in question had increased 2.2 percent month on month.


Similar articles

OECD unemployment rate stable at 5.2 percent in October

11 Dec | Steel News

OECD annual inflation rate up to 3.1 percent in October

04 Dec | Steel News

OECD area GDP growth slows to 0.5 percent in Q3

20 Nov | Steel News

OECD unemployment rate stable at 5.3 percent in July

11 Sep | Steel News

OECD area GDP growth up to 0.6 percent in Q2

28 Aug | Steel News

OECD unemployment rate declines to 5.2 percent in May

10 Jul | Steel News

OECD annual inflation rate picks up to 1.4 percent in October

06 Dec | Steel News

OECD annual inflation rate increases to 1.2 percent in September

04 Nov | Steel News

OECD annual inflation rate rises to 0.9 percent in August

04 Oct | Steel News

OECD annual inflation rate falls to 0.8 percent in July

06 Sep | Steel News