GDP reading: GDP dropped 0.1% month-on-month in seasonally adjusted terms in April (March: +0.2% mom). On an annual basis, monthly...
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Live Global GDP Growth Forecast
Last updated 07 July 2025
Current 2025 Global GDP Growth Consensus Forecast
2.38
+0.03 pp
30 days ago
The FocusEconomics World GDP consensus forecast is updated daily with forecasts from 358 expert panelists covering 198 countries. Our most comprehensive consensus forecast dataset is made of 6587 unique country forecast series, helping you make smarter business decisions in real time.
Global GDP Forecast Evolution
The latest FocusEconomics Consensus forecasts World Real GDP growth at 2.38% in 2025. In the last week, panelists kept the 2025 growth forecast at the same level. Forecast updates for Algeria, Czech Republic, Hong Kong, Ireland, and Kazakhstan were offset by downward revisions for Hungary, Iraq, Romania, Russia, and Ukraine.
Global GDP Forecast Revisions
Over the last week, Canada, Saudi Arabia and China recorded the largest upward revisions to their2025 real GDP growth among G20 economies, with FocusEconomics panelists raising their projections by 0.02 percentage points for all three countries. Conversely, Russia saw the steepest downgrade, with its 2025 growth forecast cut by 0.12 percentage points. Mexico and South Africa were right behind and experienced downward revisions of 0.04 and 0.01 percentage points respectively.
Latest GDP News
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Canada: Economy dips in April
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Qatar: GDP growth beats expectations again in Q1, but still slows
Print tops expectations again: GDP rose 3.7% year on year in Q1. The reading again overshot market expectations, despite slowing...Read more
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Argentina: GDP grows at robust pace in the first quarter
Economy remains strong despite slowdown: GDP growth slowed markedly to 0.8% on a seasonally adjusted quarter on quarter basis in...Read more
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New Zealand: GDP growth records fastest upturn since Q2 2023 in the first quarter
GDP reading: GDP growth accelerated to 0.8% on a seasonally adjusted quarter on quarter basis in the first quarter, up...Read more
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9390
Total Individual Forecasts
331
Participating Institutions
45
Commodities Forecasts
193
Countries Covered
Frequently Asked Questions
The global GDP forecast for 2025 is the latest FocusEconomics Consensus forecast for the real variation (the variation adjusting for price changes) in the total value of all globally-produced goods and services in 2025 compared to the prior year.
The global GDP forecast is updated daily, in order to ensure that the forecast always reflects the latest available data. Data is not updated on weekends and public holidays in Spain.
The global GDP forecast is the weighted average of the GDP growth forecasts for the 198 countries FocusEconomics covers, updated daily. The weighted average is calculated by accounting for each country’s nominal GDP measured in USD dollars at market prices.
368 institutions currently contribute to the world GDP forecast. These institutions are both public and private, and include think tanks, national and global banks, consultancy firms, and global public bodies such as the IMF and the World Bank.
The depth of the panel—with hundreds of contributing institutions—combined with daily forecast updates makes the global GDP growth projections timely as well as accurate. Moreover, every individual forecast from a contributing institution undergoes rigorous quality control checks from our in-house team of economists and data analysts before being incorporated into the global projection.
Multiple factors influence the global economic outlook. Chief among them are government and central bank policies (tax and spending measures, structural reforms, interest rate changes, etc), geopolitical developments (trade agreements, conflict, etc), the rate of technological change, and natural disasters.
The global GDP forecast for 2025 is notably lower than past years, and looks set to be the worst since 2020, at the height of the Covid-19 pandemic. This is a result of global trade tensions and a slowdown in China’s economic growth potential; China had in past years been a significant contributor to global growth.