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**
1.15%
0.74%
0.15%
0.71%
0.86%
0.46%
2.73%
2023*
1.07%
0.87%
-0.3%
0.92%
1.92%
0.14%
2.53%
2022
3.82%
2.53%
1.8%
3.99%
0.96%
4.35%
1.94%
2021
5.29%
6.32%
3.17%
8.31%
2.56%
8.68%
5.8%
2020
-5.04%
-7.54%
-3.83%
-8.97%
-4.15%
-10.36%
-2.21%
2019
1.91%
1.84%
1.07%
0.48%
-0.4%
1.64%
2.47%
2018
2.74%
1.87%
0.98%
0.93%
0.64%
1.4%
2.97%
2017
3.03%
2.29%
2.68%
1.67%
1.68%
2.66%
2.46%
2016
1.04%
1.1%
2.23%
1.29%
0.75%
1.92%
1.82%
2015
0.65%
1.11%
1.49%
0.78%
1.56%
2.22%
2.95%
2014
2.87%
0.96%
2.22%
0%
0.3%
3.2%
2.52%
2013
2.33%
0.58%
0.43%
-1.84%
2.01%
1.79%
2.12%
2012
1.76%
0.31%
0.43%
-2.98%
1.38%
1.51%
2.29%
2011
3.14%
2.19%
3.91%
0.71%
0.02%
1.15%
1.56%
2010
3.09%
1.95%
4.18%
1.71%
4.1%
2.24%
2.7%
2009
-2.91%
-2.87%
-5.7%
-5.28%
-5.69%
-4.61%
-2.58%
2008
1%
0.26%
0.96%
-0.96%
-1.22%
-0.23%
0.11%
2007
2.05%
2.42%
2.98%
1.49%
1.48%
2.62%
2%
2006
2.64%
2.45%
3.81%
1.79%
1.37%
2.39%
2.79%
2005
3.21%
1.66%
0.73%
0.82%
1.8%
2.74%
3.48%
2004
3.09%
2.83%
1.18%
1.42%
2.19%
2.43%
3.85%
2003
1.81%
0.82%
-0.7%
0.14%
1.54%
3.15%
2.8%
2002
3%
1.14%
-0.2%
0.25%
0.04%
1.79%
1.7%
2001
1.88%
1.98%
1.69%
1.95%
0.39%
2.58%
0.96%
2000
5.14%
3.92%
2.9%
3.79%
2.77%
4.32%
4.08%
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IMF. (April 16, 2024). Gross domestic product (GDP) growth rates of G7 countries from 2000 to 2024 [Graph]. In Statista. Retrieved July 11, 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. April 16, 2024. Statista. Accessed July 11, 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: July 11, 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., 16 Apr 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 July 11, 2024)
Gross domestic product (GDP) growth rates of G7 countries from 2000 to 2024 [Graph], IMF, April 16, 2024. [Online]. Available: https://www.statista.com/statistics/1370599/g7-country-gdp-growth/
