The combined gross domestic product (GDP) growth rate in the G7 countries is expected to slow in 2023 amid rising inflation rates around the world. That year, it was forecast to grow by around 1.5 percent, before increasing over the next years. GDP growth rates were even forecast to be slightly negative in Germany in 2023.

The combined gross domestic product (GDP) of all G7 countries decreased sharply in 2009 and 2020 due to the financial crisis and COVID-19 pandemic, respectively. The growth decline was heavier after the COVID-19 pandemic than the financial crisis. In 2024, the combined GDP of the seven countries was estimated to grow 1.7 percent compared to the previous year.

The G7 is a forum designed for frank and open discussion between leaders, ministers and policy-makers. As a member of the G7, Canada plays a leading role on the international stage and is able to advance domestic and international priorities. The G7 provides global leadership and serves as a powerful catalyst on issues that are later taken up by other fora with broader global and regional membership. The G7 brings together the world’s advanced economies to influence global trends and tackle pervasive and crosscutting issues, as well as emergent global crises. The G7 has strengthened international economic and security policies, advanced discussion of global issues including climate change and gender equality, brought donors together and supported disarmament programs. Most recently, the G7 has worked to tackle the COVID-19 pandemic and respond to Russia’s illegal invasion of Ukraine. At the G7, Canada has advanced its domestic and international priorities, including gender equality, peace and security, climate change and building a sustainable global economy. Transparent and inclusive engagement with Canadian and international stakeholders has helped Canada to deliver on priorities that are important to Canadians.

The gross domestic product (GDP) of all G7 countries is forecast to grow over the next six years, although at different paces. Moreover, Canada is forecast to overtake Italy's GDP during the coming years. The total GDP of the United States, who has the highest GDP of the countries, is forecast to reach over 34 trillion dollars by 2029.

The average for 2023 based on 7 countries was 1.75 percent. The highest value was in Canada: 4.96 percent and the lowest value was in the United Kingdom: -0.42 percent. The indicator is available from 1961 to 2024. Below is a chart for all countries where data are available.

Group of Seven (G7) - National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product - Total for G7 was 1.55948 Growth rate same period previous Yr. in January of 2025, according to the United States Federal Reserve. Historically, Group of Seven (G7) - National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product - Total for G7 reached a record high of 13.38417 in April of 2021 and a record low of -10.89803 in April of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for Group of Seven (G7) - National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product - Total for G7 - last updated from the United States Federal Reserve on September of 2025.

The COVID-19 outbreak has severely impacted the global economy. Due to the pandemic, the real GDP of Germany, France, and Italy is forecasted to decrease by ** percent in the second quarter of 2020.

Graph and download economic data for National Accounts: GDP by Expenditure: Constant Prices: Gross Fixed Capital Formation for G7 (G7NAEXKP04GPSAQ) from Q2 1962 to Q2 2025 about G7, fixed capital formation, fixed, gross, expenditures, real, and GDP.

Group of Seven (G7) - International Trade: Imports: Value (goods): Total for G7 was -5.19385 Growth rate previous period in April of 2025, according to the United States Federal Reserve. Historically, Group of Seven (G7) - International Trade: Imports: Value (goods): Total for G7 reached a record high of 19.00984 in July of 2020 and a record low of -17.69719 in January of 2009. Trading Economics provides the current actual value, an historical data chart and related indicators for Group of Seven (G7) - International Trade: Imports: Value (goods): Total for G7 - last updated from the United States Federal Reserve on September of 2025.

United States - International Trade: Exports: Value (goods): Total for G7 was 2.68145 Growth rate previous period in February of 2025, according to the United States Federal Reserve. Historically, United States - International Trade: Exports: Value (goods): Total for G7 reached a record high of 14.09850 in June of 2020 and a record low of -25.60434 in April of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - International Trade: Exports: Value (goods): Total for G7 - last updated from the United States Federal Reserve on September of 2025.

United States - International Trade: Imports: Value (goods): Total for G7 was 1.40002 Growth rate previous period in February of 2025, according to the United States Federal Reserve. Historically, United States - International Trade: Imports: Value (goods): Total for G7 reached a record high of 11.59910 in February of 1974 and a record low of -15.58068 in April of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - International Trade: Imports: Value (goods): Total for G7 - last updated from the United States Federal Reserve on October of 2025.

The G7 is a forum designed for frank and open discussion between leaders, ministers and policy-makers. As a member of the G7, Canada plays a leading role on the international stage and is able to advance domestic and international priorities. The G7 provides global leadership and serves as a powerful catalyst on issues that are later taken up by other fora with broader global and regional membership. The G7 brings together the world’s advanced economies to influence global trends and tackle pervasive and crosscutting issues, as well as emergent global crises. The G7 has strengthened international economic and security policies, advanced discussion of global issues including climate change and gender equality, brought donors together and supported disarmament programs. Most recently, the G7 has worked to tackle the COVID-19 pandemic and respond to Russia’s illegal invasion of Ukraine. At the G7, Canada has advanced its domestic and international priorities, including gender equality, peace and security, climate change and building a sustainable global economy. Transparent and inclusive engagement with Canadian and international stakeholders has helped Canada to deliver on priorities that are important to Canadians.

The G7 is a forum designed for frank and open discussion between leaders, ministers and policy-makers. As a member of the G7, Canada plays a leading role on the international stage and is able to advance domestic and international priorities. The G7 provides global leadership and serves as a powerful catalyst on issues that are later taken up by other fora with broader global and regional membership. The G7 brings together the world’s advanced economies to influence global trends and tackle pervasive and crosscutting issues, as well as emergent global crises. The G7 has strengthened international economic and security policies, advanced discussion of global issues including climate change and gender equality, brought donors together and supported disarmament programs. Most recently, the G7 has worked to tackle the COVID-19 pandemic and respond to Russia’s illegal invasion of Ukraine. At the G7, Canada has advanced its domestic and international priorities, including gender equality, peace and security, climate change and building a sustainable global economy. Transparent and inclusive engagement with Canadian and international stakeholders has helped Canada to deliver on priorities that are important to Canadians.

The total population of the G7 countries made up less than ten percent of the world's total population as of 2025. Moreover, it has been decreasing since 2000, which is mainly because the population of other countries such as India and China has been growing during the same period. Despite this, they make up around 30 percent of the world's GDP.

Graph and download economic data for Production: Industry: Total industry: Total industry excluding construction for G7 (G7PRINTO01GYSAQ) from Q1 1961 to Q2 2025 about G7, construction, and production.

Graph and download economic data for Composite Leading Indicators: Reference Series (GDP) Calendar and Seasonally Adjusted for G7 (G7LORSGPORGYSAM) from Feb 1961 to Jan 2024 about G7, leading indicator, origination, and GDP.

United States - Production: Construction: Total construction: Total for G7 was 1.15363 Growth rate previous period in October of 2024, according to the United States Federal Reserve. Historically, United States - Production: Construction: Total construction: Total for G7 reached a record high of 12.41901 in July of 2020 and a record low of -10.73999 in April of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Production: Construction: Total construction: Total for G7 - last updated from the United States Federal Reserve on September of 2025.

The average for 2023 based on 7 countries was 6.42 percent. The highest value was in the USA: 26.3 percent and the lowest value was in Canada: 2.06 percent. The indicator is available from 1980 to 2023. Below is a chart for all countries where data are available.

Data underlying comparisons of UK productivity against that of the remaining G7 countries.

Germany was forecast to experience an economic stagnation in 2024, with a gross domestic product (GDP) growth rate of zero percent. However, it is estimated to grow slightly in 2024 and 2025. The United States is forecast to have the highest GDP growth rate of the G7 in 2024.