Tomorrow’s Growth: GDP Projections in Key Economies
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.
-
Maps4 days agoMapped: Manufacturing as a Share of GDP, by U.S. State
Tariffs are rising to boost American-made goods. Which states gain the most—and least—from manufacturing today?
-
Technology2 weeks agoProfit Powerhouses: Ranking The Top 10 U.S. Companies by Net Income
Collectively, the ten most profitable U.S. companies have a net income of $684 billion—more than the entire GDP of Belgium.
-
Money3 weeks agoMillionaire Hubs: Mapping the World’s Wealthiest Cities
New York City has the highest millionaire population globally. Which other cities attract the world’s wealthiest?
-
Money2 months agoMapped: Interest Rates by Country in 2025
The U.S. has kept their target rate the same at 4.25-4.50%. What do interest rates look like in other countries amid economic uncertainty?
-
Markets3 months agoU.S. Housing Prices: Which States Are Booming or Cooling?
The national housing market saw a 4.5% rise in house prices. This graphic reveals which states had high price growth, and which didn’t.
-
Investor Education4 months agoThe Silent Thief: How Inflation Erodes Investment Gains
If you held a $1,000 investment from 1975-2024, this chart shows how the inflation rate can drastically reduce the value of your money.
-
Politics4 months agoTrade Tug of War: America’s Largest Trade Deficits
Trump cites trade deficits—the U.S. importing more than it exports—as one reason for tariffs. Which countries represent the largest deficits?