Published
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June 20, 2025
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By
Jenna Ross
Graphics & Design
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The following content is sponsored by Terzo
Tomorrow’s Economy: GDP Projections in Key Countries
Key Takeaways
- Among the largest advanced economies, the IMF expects Australia will have the highest GDP growth of 2.1% in 2026.
- The U.S. could see GDP growth of 1.7% in 2026.
- India is expected to be the fastest growing economy among key developing countries.
Globally, the economy is expected to see a slightly slower pace of growth going forward compared to 2024. In this environment, which countries could see the biggest jumps in GDP?
In this Markets in a Minute graphic created in partnership with Terzo, we explore the projected change in real GDP by country in the near future.
Forecasts for Advanced Economies
We looked at the 10 largest advanced economies, according to their 2024 GDP in U.S. dollars.
Spain and Australia could top the leaderboard in 2025 and 2026 respectively. Strong momentum carrying over from 2024, along with reconstruction activity after floods, is expected to fuel Spain’s economy.
In Australia, the IMF expects growth to rise gradually, driven by inflation-adjusted income growth, tax cuts, and continued government spending.
| Country | 2024 | 2025P | 2026P |
|---|---|---|---|
| Australia | 1.0% | 1.6% | 2.1% |
| Spain | 3.2% | 2.5% | 1.8% |
| U.S. | 2.8% | 1.8% | 1.7% |
| Canada | 1.5% | 1.4% | 1.6% |
| UK | 1.1% | 1.1% | 1.4% |
| South Korea | 2.0% | 1.0% | 1.4% |
| France | 1.1% | 0.6% | 1.0% |
| Germany | -0.2% | -0.1% | 0.9% |
| Italy | 0.7% | 0.4% | 0.8% |
| Japan | 0.1% | 0.6% | 0.6% |
Source: IMF. These projections reflect information available up to April 14, 2025 and are sorted from highest to lowest 2026 prediction.
Meanwhile, the IMF expects the U.S. to see GDP growth of 1.8% in 2025 and 1.7% in 2026. This forecast puts the U.S. as one of the fastest-growing large advanced economies after Spain and Australia.
Forecasts for Developing Economies
In developing countries, we analyzed the two largest economies in each of the five IMF-designated developing regions:
- Emerging and Developing Asia
- Emerging and Developing Europe
- Latin America and the Caribbean
- Middle East and Central Asia
- Sub-Saharan Africa
By far, the IMF expects India to see the highest growth. Experts believe private consumption, especially in rural areas, will fuel the economy.
| Country | 2024 | 2025P | 2026P |
|---|---|---|---|
| India | 6.5% | 6.2% | 6.3% |
| United Arab Emirates | 3.8% | 4.0% | 5.0% |
| China | 5.0% | 4.0% | 4.0% |
| Saudi Arabia | 1.3% | 3.0% | 3.7% |
| Türkiye | 3.2% | 2.7% | 3.2% |
| Nigeria | 3.4% | 3.0% | 2.7% |
| Brazil | 3.4% | 2.0% | 2.0% |
| Mexico | 1.5% | -0.3% | 1.4% |
| South Africa | 0.6% | 1.0% | 1.3% |
| Russia | 4.1% | 1.5% | 0.9% |
Source: IMF. These projections reflect information available up to April 14, 2025 and are sorted from highest to lowest 2026 prediction.
Notably, the United Arab Emirates is forecast to have the second-highest growth. Strong domestic demand, government investment, and economic diversification to non-oil sectors could drive GDP increases.
The Future of the Global Economy
Shifting trade policies and geopolitical developments are creating economic uncertainty. The IMF’s outlook indicates which countries could be the most resilient, driving growth in the near future.
Interested in making informed projections for your company?
Learn more about how Terzo’s AI insights can help your business.
Related Topics: #GDP #economic growth #economy #forecast #projection #Terzo
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