This graphic ranks countries by their forecasted gross domestic product (GDP) in 2025 and compares their inflation-adjusted growth since 2015. All figures are in 2025 dollars.
Growth Highlights Over the Past Decade
Ten years ago, economists predicted that China would overtake the U.S. as the world’s top economy. However, a pandemic slowdown and malaise in the real estate sector have since changed this projection.
China and India both grew their GDPs over 70% in the last decade, though China did so off a much larger $11 trillion base. Still, India’s impressive growth has pushed it into a top five ranking, a spot held by the UK back in 2015. The International Monetary Fund projects that India will overtake Japan this year and Germany by 2027.
Developing countries Indonesia and Turkey also saw impressive growth, at 51% and 59%, respectively. For Turkey, this is despite persistently high inflation since 2018 and a steadily depreciating lira. Lagging behind the rest of the group is Brazil. At 8% inflation-adjusted GDP growth, it’s the only country in the top 20 with a single-digit increase. As a commodity exporter, the 2014 commodity price collapse affected Brazil, sending it into a recession. While recovery began, the pandemic had an impact as well, though now trade and investment are back at pre-pandemic levels.
As always, ever-changing economic conditions could impact GDP growth differently for the remainder of 2025.
Forecasts are based on current conditions, are subject to change, and may not come to pass.
Graphic created by Visual Capitalist; data from International Monetary Fund
