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.

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 per capita in Italy was last recorded at 34398.20 US dollars in 2024. The GDP per Capita in Italy is equivalent to 272 percent of the world's average. This dataset provides the latest reported value for - Italy GDP per capita - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for Real Gross Domestic Product for Italy (CLVMNACSCAB1GQIT) from Q1 1996 to Q3 2025 about Italy, real, and GDP.

Italy IT: GDP: USD data was reported at 1,934.798 USD bn in 2017. This records an increase from the previous number of 1,859.384 USD bn for 2016. Italy IT: GDP: USD data is updated yearly, averaging 907.133 USD bn from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 2,390.729 USD bn in 2008 and a record low of 40.385 USD bn in 1960. Italy IT: GDP: USD 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: Gross Domestic Product: Nominal. GDP at purchaser's prices 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. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total;

Actual value and historical data chart for Italy GDP Us Dollar

Monthly and long-term Italy GDP per capita (USD) data: historical series and analyst forecasts curated by FocusEconomics.

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.

Graph and download economic data for Gross Domestic Product for Italy (MKTGDPITA646NWDB) from 1960 to 2024 about Italy and GDP.

Key information about Italy Public Consumption: % of GDP

• Italy Public Consumption accounted for 16.7 % of its Nominal GDP in Sep 2025, compared with a share of 17.9 % in the previous quarter.
• Italy Public Consumption share of Nominal GDP ratio is updated quarterly, available from Mar 1980 to Sep 2025, with an average number of 21.1 %.
• The data reached an all-time high of 23.7 % in Dec 2009 and a record low of 15.8 % in Sep 1995.

CEIC calculates Government Consumption as % of Nominal GDP from quarterly Government Consumption Expenditure and quarterly Nominal GDP. Italian National Institute of Statistics provides Government Consumption Expenditure in EUR and Nominal GDP in EUR, based on ESA 2010. Government Consumption Expenditure prior to Q1 1995 includes NPISHs Consumption. Government Consumption as % of Nominal GDP prior to Q1 1995 is based ESA 1995 and in accordance to SIC 2007, and prior to Q1 1990 is based on ESA 1995 only.


Related information about Italy Public Consumption: % of GDP

• In the latest reports, Italy GDP expanded 0.4 % YoY in Sep 2025.
• Italy Nominal GDP reached 659.7 USD bn in Sep 2025.
• Its GDP deflator (implicit price deflator) increased 2.7 % in Sep 2025.
• Italy GDP Per Capita reached 38,230.6 USD in Dec 2023.
• Its Gross Savings Rate was measured at 24.6 % in Sep 2025.
• For Nominal GDP contributions, Investment accounted for 21.4 % in Sep 2025.
• Private Consumption accounted for 58.7 % in Sep 2025.

The Gross Domestic Product per capita in Italy was last recorded at 53115.14 US dollars in 2024, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Italy, when adjusted by Purchasing Power Parity is equivalent to 299 percent of the world's average. This dataset provides the latest reported value for - Italy GDP per capita PPP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Key information about Italy Real GDP Growth

• The Gross Domestic Product (GDP) in Italy expanded 0.4 % YoY in Sep 2025, following a growth of 0.5 % in the previous quarter.
• Real GDP Growth YoY data in Italy is updated quarterly, available from Mar 1982 to Sep 2025, with an average rate of 0.1 %.
• The data reached an all-time high of 19.2 % in Jun 2021 and a record low of -18.1 % 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 2020 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 659.7 USD bn in Sep 2025.
• Its GDP deflator (implicit price deflator) increased 2.7 % in Sep 2025.
• GDP Per Capita in Italy reached 38,230.6 USD in Dec 2023.
• Its Gross Savings Rate was measured at 24.6 % in Sep 2025.
• For Nominal GDP contributions, Investment accounted for 21.4 % in Sep 2025.
• Public Consumption accounted for 16.7 % in Sep 2025.
• Private Consumption accounted for 58.7 % in Sep 2025.

Italy: GDP per capita, constant dollars: The latest value from 2024 is 34398.2 U.S. dollars, an increase from 34146.02 U.S. dollars in 2023. In comparison, the world average is 15841.40 U.S. dollars, based on data from 178 countries. Historically, the average for Italy from 1960 to 2024 is 25298.71 U.S. dollars. The minimum value, 9731.2 U.S. dollars, was reached in 1960 while the maximum of 34398.2 U.S. dollars was recorded in 2024.

Actual value and historical data chart for Italy GDP Ppp Us Dollar

Italy IT: GDP: USD: Gross National Income data was reported at 1,945.066 USD bn in 2017. This records an increase from the previous number of 1,863.534 USD bn for 2016. Italy IT: GDP: USD: Gross National Income data is updated yearly, averaging 903.617 USD bn from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 2,368.870 USD bn in 2008 and a record low of 40.496 USD bn in 1960. Italy IT: GDP: USD: Gross National Income 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: Gross Domestic Product: Nominal. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total;

Actual value and historical data chart for Italy GDP Per Person Employed Constant 1990 Ppp Dollar

Italy IT: GDP: USD: Gross Value Added at Basic Price: Industry (including Construction) data was reported at 527.826 USD bn in 2023. This records an increase from the previous number of 488.367 USD bn for 2022. Italy IT: GDP: USD: Gross Value Added at Basic Price: Industry (including Construction) data is updated yearly, averaging 404.826 USD bn from Dec 1990 (Median) to 2023, with 34 observations. The data reached an all-time high of 561.146 USD bn in 2008 and a record low of 277.093 USD bn in 2000. Italy IT: GDP: USD: Gross Value Added at Basic Price: Industry (including Construction) 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: Nominal. Industry (including construction) corresponds to ISIC divisions 05-43 and includes manufacturing (ISIC divisions 10-33). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 4. Data are in current U.S. dollars.;World Bank national accounts data, and OECD National Accounts data files.;Gap-filled total;Note: Data for OECD countries are based on ISIC, revision 4.

Italy - Value of GDP per capita

In 2023, the highest regional Gross Domestic Product in Italy was registered in the northern region of Lombardy, roughly 490 billion euros, followed by Lazio, about 239 billion euros, and Veneto, 137 billion euros. The lowest GDP was recorded in Aosta Valley, in the north, and in Molise, in the south of Italy. A deep economic gap Among the top-10 Italian regions with the highest GDP, five are located in the north of the country: Lombardy, Veneto, Emilia Romagna, Piedmont, and Liguria. Campania, the most populous region in the south, ranked only seventh nationally. These results highlight the deep economic disparities between the north and the south of Italy. The GDP of the northwestern regions reached 709 billion euros in 2023, while the south recorded less than half of the northern regions’ figures. Thus, Lombardy, Piedmont, Liguria, and Aosta Valley constitute Italy's economic driving force. In particular, Lombardy is the region with the highest salaries nationwide, 33,635 euros gross per year, 4,300 euros more than in Campania. Actions by policymakers aimed at closing the economic and wage gap are essential for the full development of southern Italian regions. The demographic divide Despite weaker economic indicators compared to the north, southern regions record better demographic figures. Italy’s population is progressively aging and the number of residents has declined recently. The median age of Italians is expected to reach 52.9 years by 2050. However, the south of the country contributes to mitigating the demographic decline. In fact, birth rates are the highest in the southern regions, in Sicily, and in Sardinia, with 6.6 childbirths per 1,000 inhabitants, well above the 6.2 births per 1,000 residents recorded in the northwest. Additionally, the southern population is on average two years younger than the those living in the northern regions.

GDP, PPP (constant 2017 international $) in Italy was reported at 3133050580636 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Italy - GDP, PPP (constant 2005 international $) - actual values, historical data, forecasts and projections were sourced from the World Bank on November of 2025.