Gross Domestic Product (GDP) growth showed a mixed picture across the 25 OECD countries for which data was available in the third quarter of 2025: 12 countries recorded higher growth rates compared with Q2 2025, GDP was unchanged in 3 countries, while 5 recorded lower growth compared with Q2 2025 and 5 recorded a GDP contraction. As a result, GDP growth in the OECD*1 slowed to 0.2% in Q3 2025, down from 0.4% in the previous quarter, according to provisional estimates (Figure 1).
Looking at G7 countries, growth accelerated in France, reaching 0.5%, up from 0.3% in Q2 2025, sustained by foreign trade as exports accelerated and imports decreased. Canada’s growth recovered in Q3 to 0.1%, from -0.4% in the previous quarter. In Japan, GDP contracted by 0.4% in Q3, after 0.6% growth in Q2. Foreign trade was the main drag on Japanese growth, with exports decreasing in Q3. The United Kingdom saw a slowdown from 0.3% in Q2 to 0.1% in Q3, as destocking continued. Germany and Italy recorded zero growth in Q3, after contractions of 0.2% and 0.1%, respectively, in Q2. GDP data for the United States was not yet available for Q3 at the time of publication of this release.
Among other OECD countries, Israel saw the largest acceleration, with growth rebounding to 3.0% in Q3, after contracting by 1.1% in Q2. In contrast, Finland, Ireland, Lithuania, and Mexico recorded contractions between 0.1 and 0.3% in Q3.
Year-on-year, OECD* GDP growth slowed slightly in Q3 compared with Q2, from 1.7% to 1.5%. Among available G7 economies, the United Kingdom recorded the highest annual increase (1.3%), while Germany recorded the lowest (0.3%).
Note:
- The OECD* and G7* aggregates exclude the United States (for the entire time series to ensure consistency over time), as Q3 2025 GDP data for the United States was not yet available at the cut-off date for this release (17th of November 2025). The United States’ nominal GDP represented 34.1% of OECD GDP in 2024.
Methodology
Release dates
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