How G20 Economies Are Expected to Grow in 2025 and 2026

Marcus Lu
2025-06-19 08:12:00
www.visualcapitalist.com

See this visualization first on the Voronoi app.

How G20 Economies Are Expected to Grow in 2025 and 2026

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Key Takeaways

India is projected to be the fastest growing G20 economy in 2025 and 2026
The G20’s worst laggards include Germany, Japan, Italy, France, and Russia

The global economy is entering a period of uneven recovery, with some G20 countries poised for strong growth, while others are expected to stagnate.

Based on the latest OECD projections, emerging markets like India, Indonesia, and China will lead the charge in 2025 and 2026, while developed economies will continue to lag.

Data & Discussion

The data for this visualization comes from the OECD Economic Outlook (2025-1). It presents two-year GDP growth projections for G20 members, highlighting diverging economic trajectories.

Country	2025	2026
India	6.3%	6.4%
Argentina	5.2%	4.3%
Indonesia	4.7%	4.8%
China	4.7%	4.3%
Türkiye	2.9%	3.3%
G20 Average	2.9%	2.9%
Spain	2.4%	1.9%
Brazil	2.1%	1.6%
Saudi Arabia	1.8%	2.5%
Australia	1.8%	2.2%
U.S.	1.6%	1.5%
Mexico	1.6%	1.1%
South Africa	1.3%	1.4%
UK	1.3%	1.0%
S. Korea	1.0%	2.2%
Canada	1.0%	1.1%
Russia	1.0%	0.7%
Japan	0.7%	0.4%
France	0.6%	0.9%
Italy	0.6%	0.7%
Germany	0.4%	1.2%

India Tops the Growth Chart

India is projected to be the fastest-growing G20 economy in both 2025 and 2026, with forecasted GDP growth of 6.3% and 6.4%, respectively.

This strong outlook is driven by resilient domestic demand, a booming services sector, and high levels of public infrastructure investment. The country’s stock market also broke the $4 trillion milestone in 2024, making it one of the largest in the world.

Indonesia (4.7% in 2025, 4.8% in 2026) and China (4.7% and 4.3%) are also expected to post solid growth, though China’s pace is slowing due to demographic challenges and structural economic adjustments.

Stagnation in Advanced Economies

The slowest growing G20 economies in 2025 will be Germany (0.4%), Italy (0.6%), France (0.6%), and Japan (0.7%). This is primarily due to escalating trade tensions and heightened policy uncertainty, though other factors like aging populations also play a role.

Germany appears to be on the rebound, with GDP growth projected to reach 1.2% in 2026.

Learn More on the Voronoi App

If you enjoyed today’s post, check out The World’s Worst Performing Economies in 2025 on Voronoi, the new app from Visual Capitalist.

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