Below, we rank the 50 largest economies globally, highlighting their historical growth trends:

As we can see, the U.S. economy has grown nearly 70% in the past quarter-century, in inflation-adjusted terms. On an annual basis, the average growth rate was 2.1%, the third-fastest across the 10 largest economies today.

For perspective, India has grown at more than triple this rate over the last 25 years, helping grow its GDP to $4.1 trillion. By next year, it is forecast to surpass Japan as the fourth-biggest economy.

Germany, on the other hand, has seen notably sluggish growth for decades. In both 2023 and 2024, the economy contracted, while growth is expected to be just 0.2% this year. Along with weak productivity growth, its manufacturing sector has been in decline since 2018.

Similarly many European countries have averaged less than 2% growth over the last 25 years. Italy, the eighth-biggest economy, has averaged just 0.4% GDP growth, while in France, it has been just 1.2%.

To learn more about this topic, check out this graphic on the U.S. states with the fastest GDP growth since 1998.

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