The combined gross domestic product (GDP) of the G7 countries was estimated to reach nearly 50 trillion U.S. dollars in 2024. The United States accounted for 25 trillion of these, meaning that they stood for over half of the G7's combined GDP. Germany had the second highest GDP of the G7.

The G7 countries' share of the world's gross domestic product (GDP) declined since 2000. While holding over ** percent of the world's total GDP in 2000, this had dropped below ** percent by 2024, a development that must be seen in relation with China's economic development over the past decades. Of the G7 countries, the United States held the largest share of the world's GDP at ** percent in terms of purchasing-power-parity (PPP).

The United States has, by far, the largest gross domestic product (GDP) of the G7 countries. Moreover, while the GDP of the other six countries fluctuated between 2000 and 2024, the U.S.' grew almost constantly, reaching an estimated 29.2 trillion U.S. dollars in 2024. The United States is also the world's largest economy ahead of China. Germany had the second largest economy of the G7 countries at around 4.7 trillion U.S. dollars.

Graph and download economic data for National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product - Total for G7 (G7NAEXKP01IXOBSAQ) from Q1 1962 to Q1 2018 about G7, expenditures, real, and GDP.

The BRICS countries overtook the G7 countries share of the world's total gross domestic product (GDP) in terms of purchasing power parity (PPP) in 2018. By 2024, the difference had increased even further, the BRICS now holding a total 35 percent of the world's GDP compared to 30 percent held by the G7 countries.

The average for 2023 based on 7 countries was 57085 U.S. dollars. The highest value was in the USA: 74578 U.S. dollars and the lowest value was in Japan: 45915 U.S. dollars. The indicator is available from 1990 to 2023. Below is a chart for all countries where data are available.

Graph and download economic data for National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product - Total for G7 (G7NAEXKP01GPSAQ) from Q2 1962 to Q1 2025 about G7, expenditures, real, and GDP.

In 2023, the G7 countries of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States held 30 percent of the global gross domestic product (GDP). In 2029, that figure is projected to drop to 27 percent. Considering the other G20 countries, excluding the G7 countries, the GDP is expected to account for around 46 percent of the global GDP in 2029.

Between 2010 and 2024, France constantly had the highest total government revenue of the G7 countries in terms of share of gross domestic product (GDP). In 2024, its total income amounted to an estimated 51 percent of its GDP. It was also the G7 country with the highest government spending over the same period. On the other hand, the United States had the lowest government income that year at 30 percent of its GDP.

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.

The average for 2023 based on 5 countries was 22.34 percent. The highest value was in Germany: 30.17 percent and the lowest value was in the United Kingdom: 15.39 percent. The indicator is available from 1960 to 2023. Below is a chart for all countries where data are available.

United States - National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product - Total for G7 was 0.39877 Growth rate previous period in October of 2024, according to the United States Federal Reserve. Historically, United States - National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product - Total for G7 reached a record high of 9.24944 in July of 2020 and a record low of -9.67484 in April of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product - Total for G7 - last updated from the United States Federal Reserve on May of 2025.

The 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. Moreover, Italy had a negative GDP growth rate in 2012 and 2013 following the euro crisis. In 2023, Germany experienced an economic recession.

Of the G7 countries, Japan had the highest net debt in terms of share of gross domestic product (GDP) between 2010 and 2024. That year, Japan's government's net debt reached an estimated *** percent of its total GDP. Italy had the second highest debt rate at *** percent of its GDP, whereas Canada had the lowest at only ** percent.

Group of Seven (G7) - Gross Domestic Product Deflator for the Group of Seven (DISCONTINUED) was 1.12400 Index 2010=1.00 in April of 2017, according to the United States Federal Reserve. Historically, Group of Seven (G7) - Gross Domestic Product Deflator for the Group of Seven (DISCONTINUED) reached a record high of 1.12400 in April of 2017 and a record low of 0.16600 in April of 1961. Trading Economics provides the current actual value, an historical data chart and related indicators for Group of Seven (G7) - Gross Domestic Product Deflator for the Group of Seven (DISCONTINUED) - last updated from the United States Federal Reserve on June of 2025.

Graph and download economic data for Gross Domestic Product by Expenditure in Constant Prices: Total Gross Domestic Product for the Group of Seven (DISCONTINUED) (NAEXKP01G7Q661S) from Q1 1962 to Q3 2017 about G7, real, and GDP.

Graph and download economic data for Gross Domestic Product by Expenditure in Constant Prices: Total Gross Domestic Product for the Group of Seven (DISCONTINUED) (NAEXKP01G7A657S) from 1962 to 2016 about G7, real, and GDP.

This table presents Gross Domestic Product (GDP) and its main components according to the expenditure approach. Data is presented as growth rates. In the expenditure approach, the components of GDP are: final consumption expenditure of households and non-profit institutions serving households (NPISH) plus final consumption expenditure of General Government plus gross fixed capital formation (or investment) plus net trade (exports minus imports).

When using the filters, please note that final consumption expenditure is shown separately for the Households/NPISH and General Government sectors, not for the whole economy. All other components of GDP are shown for the whole economy, not for the sector breakdowns.

The data is presented for OECD countries individually, as well as the OECD total, G20, G7, OECD Europe, United States - Mexico - Canada Agreement (USMCA), European Union and euro area.

These indicators were presented in the previous dissemination system in the QNA dataset.
See User Guide on Quarterly National Accounts (QNA) in OECD Data Explorer: QNA User guide
See QNA Calendar for information on advance release dates: QNA Calendar
See QNA Changes for information on changes in methodology: QNA Changes
See QNA TIPS for a better use of QNA data: QNA TIPS
Explore also the GDP and non-financial accounts webpage: GDP and non-financial accounts webpage
OECD statistics contact: STAT.Contact@oecd.org

This table presents Gross Domestic Product (GDP) and its main components according to the expenditure approach. Data is presented in US dollars. In the expenditure approach, the components of GDP are: final consumption expenditure of households and non-profit institutions serving households (NPISH) plus final consumption expenditure of General Government plus gross fixed capital formation (or investment) plus net trade (exports minus imports).

When using the filters, please note that final consumption expenditure is shown separately for the Households/NPISH and General Government sectors, not for the whole economy. All other components of GDP are shown for the whole economy, not for the sector breakdowns.

The table shows OECD countries and some other economies, as well as the OECD total, G20, G7, OECD Europe, United States - Mexico - Canada Agreement (USMCA), European Union and euro area.

These indicators were presented in the previous dissemination system in the QNA dataset.
See User Guide on Quarterly National Accounts (QNA) in OECD Data Explorer: QNA User guide
See QNA Calendar for information on advance release dates: QNA Calendar
See QNA Changes for information on changes in methodology: QNA Changes
See QNA TIPS for a better use of QNA data: QNA TIPS
Explore also the GDP and non-financial accounts webpage: GDP and non-financial accounts webpage
OECD statistics contact: STAT.Contact@oecd.org

The combined value of the gross domestic product (GDP) in purchasing power parity (PPP) of the BRICS Plus countries increased significantly since 2000, overtaking that of the G7 in 2015. This is mainly due to the economic development of China over the past decades.