September 04, 2025
Gross domestic product in the OECD rebounds to 0.4% growth in the second quarter
According to provisional estimates from the Organisation for Economic Co-operation and Development (OECD) gross domestic product (GDP) in the OECD grew by 0.4% in the second quarter of 2025, up from 0.2% in the previous quarter. This marks a return to the relatively stable growth rates of around 0.4% to 0.5% observed in preceding quarters.
The United States contributed most to the OECD's economic growth in Q2 2025,1 with GDP growth rebounding to 0.7% in Q2 2025, after a contraction of 0.1% in Q1. The recovery was largely attributed to a sharp 10.3% decline in US goods imports in Q2, following an 11.0% surge in Q1, likely influenced by anticipated changes to trade tariffs.
In contrast, GDP growth came to a halt in Canada, following a 0.5% expansion in Q1, while in the United Kingdom GDP growth slowed from 0.7% to 0.3%, largely due to a 1.1% contraction in investments in Q2, after 2.0% growth in Q1.
GDP growth turned negative in Germany and Italy, falling from 0.3% in Q1 in both countries to 0.3% and 0.1%, respectively, in Q2. The contraction of German GDP in Q2 was mainly driven by a drop in goods exports (0.6%, after 3.0% in Q1).
Among the other G7 economies, France and Japan recorded more modest improvements, with GDP growth rising from 0.1% to 0.3% in both countries.
Source: OECD