Gross Domestic Product (GDP) growth showed a mixed picture across the 16 G20* countries for which data was available1 in the third quarter of 2025. Growth picked up in seven countries compared with Q2 2025, fell in another seven countries, and two countries recorded a contraction. As a result, GDP growth in the G20*1 increased marginally to 0.8% in Q3 2025, up from 0.7% in the previous quarter, according to provisional estimates (Figure 1).
Growth rebounded strongly in Canada (from -0.5% to 0.6%) in Q3 2025. Growth also turned positive in Italy (from -0.1% to 0.1%), while in Germany GDP stabilised (0.0%) after a 0.2% contraction in Q2. Growth increased sharply in Korea (from 0.7% to 1.3%), and more moderately in France (from 0.3% to 0.5%), India (1.8% to 2.0%), and China (1.0% to 1.1%).
By contrast, other G20*1 countries experienced either contractions or slower growth in Q3 compared with Q2 2025. GDP contracted in Japan and Mexico (by 0.6% and 0.3%, respectively). Growth slowed in Saudi Arabia (from 1.9% to 1.4%), Türkiye (1.6% to 1.1%), South Africa (0.9% to 0.5%), Australia (0.7% to 0.4%), and more marginally in Brazil, Indonesia, and the United Kingdom.
Compared with the same quarter of the previous year, GDP in the G20*1 area was 3.1% higher in Q3 2025 (Table 2). Among available G20*1 economies, India recorded the highest year-on-year growth rate at 8.0%, while Mexico recorded the lowest (-0.2%).
- The G20* and OECD* 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. Q3 2025 GDP data for the United States will be released on 23 December 2025 according to the Bureau of Economic Analysis’ calendar. The United States’ nominal GDP represented 19.3% of G20 GDP and 34.1% of OECD GDP in 2024.
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