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.

Germany was forecast to experience an economic stagnation in 2024, with a gross domestic product (GDP) growth rate of **** 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 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.

The United States has had the highest economic growth in the G7 since the start of the COVID-19 pandemic, with its economy *** percent larger in the first quarter of 2023, when compared with the fourth quarter of 2019. By contrast, the United Kingdom and Germany have both seen their economies shrink by *** percent in the same time period.

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.

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 *** percent, before increasing over the next years. GDP growth rates were even forecast to be slightly negative in Germany in 2023.

The average for 2024 based on 7 countries was 57316 U.S. dollars. The highest value was in the USA: 75492 U.S. dollars and the lowest value was in Japan: 46097 U.S. dollars. The indicator is available from 1990 to 2024. 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 Fixed Capital Formation for G7 (G7NAEXKP04GPSAQ) from Q2 1962 to Q1 2025 about G7, fixed capital formation, fixed, gross, expenditures, real, and GDP.

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 *** percent compared to the previous year.

Graph and download economic data for National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for G7 (G7NAEXKP06GPSAQ) from Q2 1962 to Q1 2025 about G7, exports, expenditures, services, real, and GDP.

The average for 2023 based on 7 countries was 22.45 percent. The highest value was in Japan: 29.98 percent and the lowest value was in the United Kingdom: 15.06 percent. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.

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 average for 2023 based on 6 countries was 1.16 percent. The highest value was in Italy: 1.87 percent and the lowest value was in the United Kingdom: 0.58 percent. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.

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 G20 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

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.

Graph and download economic data for Gross Domestic Product by Expenditure in Constant Prices: Gross Fixed Capital Formation for the Group of Seven (DISCONTINUED) (NAEXKP04G7A657S) from 1962 to 2016 about G7, fixed capital formation, fixed, capital, gross, real, and GDP.

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 ** trillion dollars by 2029.

United States - Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Original series for G7 was 1.93316 Growth rate same period previous Yr. in January of 2024, according to the United States Federal Reserve. Historically, United States - Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Original series for G7 reached a record high of 12.98932 in May of 2021 and a record low of -10.96393 in May of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Leading Indicators OECD: Reference series: Gross Domestic Product (GDP): Original series for G7 - last updated from the United States Federal Reserve on July of 2025.

United States - National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for G7 was -0.40098 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: Exports of Goods and Services for G7 reached a record high of 13.99891 in July of 2020 and a record low of -20.15501 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: Exports of Goods and Services for G7 - last updated from the United States Federal Reserve on July of 2025.

The average for 2023 based on 6 countries was 19.5 percent. The highest value was in France: 23.12 percent and the lowest value was in the USA: 13.43 percent. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.