The Gross Domestic Product (GDP) in Italy contracted 0.10 percent in the second quarter of 2025 over the previous quarter. This dataset provides - Italy GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

This statistic shows the gross domestic product (GDP) in Italy from 1987 to 2024 with projections up until 2030. GDP refers to the total market value of all goods and services that are produced within a country per year. It is an important indicator of the economic strength of a country. In 2024, the GDP in Italy was about 2.37 trillion U.S. dollars. See global GDP for a global comparison. Italy's economy After increasing significantly year-over-year, Italy’s gross domestic product (GDP) has gone through several fluctuations since the global economic crisis in 2008. The European Union’s third largest economy has experienced downturns, primarily due to inefficiency with regards to spending and incompetent leadership. When analyzing the country’s budget balance, which is essentially the overall difference between revenues and spending, Italy has posted a negative balance, or a state deficit, every year over the past decade. However, their budget balance has improved noticeably every year since 2009. Since the country spent more than they earned, national debt continued to rise every year, most notably between 2008 and 2009, and continued to do so going into 2014. Italy’s dependency on funding from other countries will lead to further debt, unless it finds a way to decrease spending or increase revenues. Despite the country’s ongoing recession, Italy’s GDP ranked the country in the top 10 countries with the largest gross domestic product in 2014, ahead of economically developed countries such as Canada and Australia. This implies that Italy’s economical struggles are more a result of inefficient spending rather than a lack of production.

The Gross Domestic Product (GDP) in Italy expanded 0.40 percent in the second quarter of 2025 over the same quarter of the previous year. This dataset provides the latest reported value for - Italy GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The outbreak of the pandemic has caused recession and severe economic downturns. In 2020, Italy's GDP decreased by *** percent compared to the pervious year. In the next years, the Italian economy is expected to recover. A forecasted published in October 2021 estimated that in 2021 the GDP of Italy could experience an increase by *** percent. Similarly, in 2022 Italy's GDP would grow by *** percent.

For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.

Full Year GDP Growth in Italy remained unchanged at 0.70 percent in 2024 from 0.70 percent in 2023. This dataset includes a chart with historical data for Italy Full Year GDP Growth.

In 2020, Italy's GDP dropped by 8.9 percent, while in 2021 it grew by 6.5 percent. According to a forecast from winter 2022, the Italian GDP will increase by 4.1 percent in 2022, and by 2.3 percent in 2023. For a global overview of the economic impact of the coronavirus pandemic, consult the report Coronavirus: impact on the global economy.

Between 2008 and 2021, the potential growth of the Italian economy followed a positive trend. According to data, in 2018 the potential growth of the Italian economy was *** percent. However, the rate is expected to increase to *** percent in 2021.

Italy's Gross Domestic Product (GDP) amounted to 2.2 trillion euros in 2024. The Italian economy grew at low rates between 2010 and 2019 and significantly shrank in 2020 following the consequences of the COVID-19 pandemic on the global economy. However, since 2021, GDP has recorded a steady uprise, with remarkably higher growth rates compared to the pre-pandemic period. A difficult outlook for the Italian economy Besides the positive performance recorded right after the COVID-19 pandemic, projections indicate a different outlook. The slow growth of the Italian economy, less than one percent each year from 2025 to 2029, is believed to remove Italy from the giants of the global players. Indeed, by 2028, the ranking of the world's largest economies might appear quite different from the present one. In addition to slow growth, Italy's economy is characterized by large internal disparities. After 160 years of national unity, the country is still very divided, as data on unemployment, GDP, and poverty confirm. National debt: Italy's most difficult challenge Italy still ranks among the top 20 largest economies in the world. However, the large amount of the national debt risks hampering future growth. In 2024, it reached 135 percent of the GDP, equivalent to 3.2 trillion U.S. dollars, and forecasts expect figures to increase over the coming years. By 2029, the debt-to-GDP ratio may hit 137 percent. A large amount of national debt significantly limits the government's possibility to earmark resources for public investments. In fact, a considerable share of the state budget is devoted to reimbursing the debt.

Key information about Italy Real GDP Growth

• The Gross Domestic Product (GDP) in Italy expanded 1.4 % YoY in Dec 2022, following a growth of 2.8 % in the previous quarter.
• Real GDP Growth YoY data in Italy is updated quarterly, available from Mar 1982 to Dec 2022, with an average rate of 1.4 %.
• The data reached an all-time high of 17.4 % in Jun 2021 and a record low of -18.5 % in Jun 2020.

CEIC calculates Real GDP Growth from quarterly Real GDP. Italian National Institute of Statistics provides Real GDP in EUR based on ESA 2010, at chain linked 2015 prices. Real GDP Growth prior to Q1 1997 is calculated from Real GDP based on ESA 1995 at chain linked 2000 prices.


Related information about Italy Real GDP Growth

• In the latest reports, Nominal GDP of Italy reached 501.3 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 5.6 % in Dec 2022.
• GDP Per Capita in Italy reached 35,643.1 USD in Dec 2021.
• Its Gross Savings Rate was measured at 20.3 % in Dec 2022.
• For Nominal GDP contributions, Investment accounted for 21.8 % in Dec 2022.
• Public Consumption accounted for 21.1 % in Dec 2022.
• Private Consumption accounted for 58.6 % in Dec 2022.

Graph and download economic data for Real Gross Domestic Product for Italy (CLVMNACSCAB1GQIT) from Q1 1995 to Q2 2025 about Italy, real, and GDP.

The latest data from show economic growth of 0.4 percent, which is a decrease from the rate of growth of 0.7 percent in the previous quarter and
a decrease compared to the growth rate of 0.6 percent in the same quarter last year. The economic growth time series for Italy cover the period from...

Italy IT: GDP: Growth data was reported at 1.502 % in 2017. This records an increase from the previous number of 0.858 % for 2016. Italy IT: GDP: Growth data is updated yearly, averaging 1.986 % from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 8.207 % in 1961 and a record low of -5.482 % in 2009. Italy IT: GDP: Growth data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Italy – Table IT.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Italy - Real GDP growth rate was 0.70% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Italy - Real GDP growth rate - last updated from the EUROSTAT on October of 2025. Historically, Italy - Real GDP growth rate reached a record high of 8.90% in December of 2021 and a record low of -8.90% in December of 2020.

Key information about Italy Nominal GDP Growth

• Italy Nominal GDP Growth was reported at 2.632 % in Dec 2024.
• This records a decrease from the previous number of 4.463 % for Sep 2024.
• Italy Nominal GDP Growth data is updated quarterly, averaging 4.176 % from Mar 1981 to Dec 2024, with 176 observations.
• The data reached an all-time high of 21.075 % in Dec 1981 and a record low of -15.716 % in Jun 2020.
• Italy Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly: Seasonally Adjusted.

CEIC calculates quarterly Nominal GDP Growth from quarterly Nominal GDP. Italian National Institute of Statistics provides Nominal GDP in EUR based on ESA 2010. Nominal GDP Growth prior to Q1 1996 is calculated from Nominal GDP based on ESA 1995 and in accordance to SIC 2007, and prior to Q1 1991 based on ESA 1995 only.

Economic growth, quarterly in Italy, June, 2025 The most recent value is -0.1 percent as of Q2 2025, a decline compared to the previous value of 0.3 percent. Historically, the average for Italy from Q2 1995 to Q2 2025 is 0.19 percent. The minimum of -12.3 percent was recorded in Q2 2020, while the maximum of 14.4 percent was reached in Q3 2020. | TheGlobalEconomy.com

The Gross Domestic Product (GDP) in Italy was worth 2372.77 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Italy represents 2.23 percent of the world economy. This dataset provides the latest reported value for - Italy GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

GDP per capita growth (annual %) in Italy was reported at 0.73852 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Italy - GDP per capita growth (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.

Italy GDP Growth Tracker: YoY: High data was reported at 4.432 % in 23 Apr 2023. This records an increase from the previous number of 3.952 % for 16 Apr 2023. Italy GDP Growth Tracker: YoY: High data is updated weekly, averaging 3.681 % from May 2019 (Median) to 23 Apr 2023, with 207 observations. The data reached an all-time high of 35.758 % in 18 Apr 2021 and a record low of -22.572 % in 29 Mar 2020. Italy GDP Growth Tracker: YoY: High data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Italy – Table IT.OECD.WT: GDP Growth Tracker: Weekly.

Italy GDP Growth Annualized - values, historical data, forecasts and news - updated on October of 2025.

Historical dataset showing Italy gdp growth rate by year from 1961 to 2023.