Nominal Retail Sales in Japan
The Japanese economy recorded average retail sales growth of 0.6% in the decade to 2022, below the 3.5% average for Major Economies. In 2022, retail sales growth was 2.6%.
Japan Retail Chart
Note: This chart displays Retail Sales (ann. var. %) for Japan from 2022 to 2015.
Source: Macrobond.
Japan Retail Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Nominal Retail Sales (ann. var. %) | 0.1 | -3.4 | 2.0 | 2.6 | 5.7 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Japanese retail projections for the next ten years from a panel of 3 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable retail forecast available for Japanese retail.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Japanese retail projections.
Want to get access to the full dataset of Japanese retail forecasts? Send an email to info@focus-economics.com.