The IMF projected global economic growth at 3.0% in 2025 and 3.1% in 2026, slightly higher than previous forecasts from April 2025. The upward revision—by 0.2 pp for 2025 and 0.1 for 2026—reflects stronger-than-expected early economic activity in anticipation of higher tariffs, lower-than-expected US tariff rates, improved financial conditions due in part to a weaker USD, and fiscal expansion in several major economies. Despite the slightly improved outlook, the IMF warns that risks remain tilted to the downside. A rebound in tariffs or failure to reach lasting trade agreements could dampen growth. Growth forecasts for key economies include the US at 1.9% in 2025 and 2.0% in 2026, the Eurozone at 1.0% and 1.2%, and the UK at 1.2% and 1.4%. China’s growth was revised up to 4.8% and 4.2%, while Japan is expected to grow more modestly at 0.7% and 0.5%. Meanwhile, global inflation is expected to ease to 4.2% in 2025 and 3.6% in 2026, although it is likely to remain above target in the US.
Full Year GDP Growth in World increased to 3.20 percent in 2024 from 2.80 percent in 2023. Full Year GDP Growth in World averaged 3.47 percent from 1961 until 2024, reaching an all time high of 6.60 percent in 1964 and a record low of -2.90 percent in 2020. This page includes a chart with historical data for World Full Year GDP Growth. World Full Year GDP Growth - values, historical data and charts - was last updated on September of 2025.
Full Year GDP Growth in World increased to 3.20 percent in 2024 from 2.80 percent in 2023. Full Year GDP Growth in World is expected to reach 2.90 percent by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the World Full Year GDP Growth is projected to trend around 3.00 percent in 2026 and 2.80 percent in 2027, according to our econometric models.