Across the OECD, the countries that showed the greatest dynamism in the fourth quarter were Portugal (1.5%), Costa Rica (1.4%) and Poland (1.3%).

The Organisation for Economic Co-operation and Development (OECD)'s gross domestic product (GDP) growth rate slowed to 0.3% between October and December 2024, two-tenths less than what was observed in the third quarter, according to the think tank for advanced economies.

Following the general OECD rate, activity among the G7 economies also moderated, albeit by one-tenth, to 0.4%.

This dynamic was reflected in the contractions in France, down 0.1% compared to 0.4% after the windfall from the Paris Olympics dried up, and in Germany, down 0.2% compared to 0.1% due to poor export performance.

Growth in the United States was also slowed by two-tenths of a percentage point, to 0.6%, due to stagnant investment and falling exports, while Italy's GDP remained flat for the second consecutive quarter.

On the other hand, the good performance of trade increased Japan's growth by three-tenths of a point, from 0.4% to 0.7%. Canada and the United Kingdom improved their figures by one-tenth each after registering 0.4% and 0.2% at the end of the year, respectively.

Within the OECD as a whole, the countries that showed the greatest dynamism in the fourth quarter were Portugal (1.5%), Costa Rica (1.4%) and Poland (1.3%). In contrast, the worst figures were in Norway and Mexico (-0.6%), Germany (-0.2%) and France (-0.1%).

Costa Rica (4.3%), Spain (3.2%) and Poland (2.9%) were the countries that improved their figures the most in year-on-year comparison, while Estonia (-0.9%), Austria (-0.8%) and Finland (-0.4%) were the countries that declined the most.

In Spain, the pace in the last part of the year remained unchanged at 0.8% compared to the previous quarter, five-tenths above the OECD average and eight more than the Eurozone average. GDP was 3.2% higher than twelve months ago.