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.
Gross domestic product (GDP) growth rates of G7 countries from 2000 to 2024
Characteristic
Canada
France
Germany
Italy
Japan
United Kingdom
United States
2024*
1.34%
1.1%
0.01%
0.67%
0.32%
1.08%
2.77%
2023
1.25%
1.12%
-0.26%
0.7%
1.68%
0.34%
2.89%
2022
3.82%
2.62%
1.37%
4.66%
1.16%
4.84%
2.51%
2021
5.29%
6.83%
3.67%
8.93%
2.71%
8.58%
6.06%
2020
-5.04%
-7.59%
-4.1%
-8.87%
-4.17%
-10.3%
-2.16%
2019
1.91%
2.08%
0.99%
0.43%
-0.4%
1.62%
2.58%
2018
2.74%
1.59%
1.12%
0.83%
0.64%
1.41%
2.97%
2017
3.03%
2.29%
2.71%
1.6%
1.68%
2.66%
2.46%
2016
1.04%
0.72%
2.29%
1.24%
0.75%
1.92%
1.82%
2015
0.65%
0.99%
1.66%
0.89%
1.56%
2.22%
2.95%
2014
2.87%
1.02%
2.17%
0%
0.3%
3.2%
2.52%
2013
2.33%
0.92%
0.39%
-1.82%
2.01%
1.8%
2.12%
2012
1.76%
0.22%
0.47%
-3.12%
1.38%
1.51%
2.29%
2011
3.14%
2.49%
3.76%
0.7%
0.02%
1.14%
1.56%
2010
3.09%
1.84%
4.15%
1.53%
4.1%
2.23%
2.7%
2009
-2.91%
-2.73%
-5.55%
-5.31%
-5.69%
-4.62%
-2.58%
2008
1%
0.26%
0.91%
-1.02%
-1.22%
-0.25%
0.11%
2007
2.05%
2.49%
2.89%
1.46%
1.48%
2.63%
2%
2006
2.64%
2.93%
3.86%
1.8%
1.37%
2.38%
2.79%
2005
3.21%
1.99%
0.88%
0.76%
1.8%
2.73%
3.48%
2004
3.09%
2.52%
1.17%
1.47%
2.19%
2.46%
3.85%
2003
1.81%
0.99%
-0.54%
0.07%
1.54%
3.15%
2.8%
2002
3%
1.12%
-0.23%
0.27%
0.04%
1.8%
1.7%
2001
1.88%
1.85%
1.63%
2.01%
0.39%
2.57%
0.96%
2000
5.14%
4.36%
2.88%
3.88%
2.77%
4.34%
4.08%
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IMF. (October 22, 2024). Gross domestic product (GDP) growth rates of G7 countries from 2000 to 2024 [Graph]. In Statista. Retrieved October 30, 2024, from https://www.statista.com/statistics/1370599/g7-country-gdp-growth/
IMF. "Gross domestic product (GDP) growth rates of G7 countries from 2000 to 2024." Chart. October 22, 2024. Statista. Accessed October 30, 2024. https://www.statista.com/statistics/1370599/g7-country-gdp-growth/
IMF. (2024). Gross domestic product (GDP) growth rates of G7 countries from 2000 to 2024. Statista. Statista Inc.. Accessed: October 30, 2024. https://www.statista.com/statistics/1370599/g7-country-gdp-growth/
IMF. "Gross Domestic Product (Gdp) Growth Rates of G7 Countries from 2000 to 2024." Statista, Statista Inc., 22 Oct 2024, https://www.statista.com/statistics/1370599/g7-country-gdp-growth/
IMF, Gross domestic product (GDP) growth rates of G7 countries from 2000 to 2024 Statista, https://www.statista.com/statistics/1370599/g7-country-gdp-growth/ (last visited October 30, 2024)
Gross domestic product (GDP) growth rates of G7 countries from 2000 to 2024 [Graph], IMF, October 22, 2024. [Online]. Available: https://www.statista.com/statistics/1370599/g7-country-gdp-growth/
