Italy recorded a Government Debt to GDP of 135.30 percent of the country's Gross Domestic Product in 2024. This dataset provides - Italy Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The ratio of national debt to gross domestic product (GDP) of Italy was about 135.29 percent in 2024. From 1988 to 2024, the ratio rose by approximately 39.57 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2030, the ratio will rise by around 2.41 percentage points, showing an overall upward trend with periodic ups and downs.The general government gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. Here it is depicted in relation to the country's GDP, which refers to the total value of goods and services produced during a year.

Italy debt to gdp ratio for 2022 was 139.00%, a 25.25% decline from 2021.

<ul style='margin-top:20px;'>

<li>Italy debt to gdp ratio for 2021 was <strong>164.25%</strong>, a <strong>11.88% decline</strong> from 2020.</li>
<li>Italy debt to gdp ratio for 2020 was <strong>176.13%</strong>, a <strong>28.56% increase</strong> from 2019.</li>
<li>Italy debt to gdp ratio for 2019 was <strong>147.57%</strong>, a <strong>7.66% increase</strong> from 2018.</li>
</ul>Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year.

In 2023, the Italian public debt reached 134 percent of the country's GDP. Since 2000, the ratio grew by more than 20 percentage points. In 2020, the government debt to GDP ratio grew to 154 percent, due to a contraction of the GDP and the increase in public spending to cope with the COVID-19 pandemic.

Key information about Italy Total Debt: % of GDP

• Italy Total Debt accounted for 556.8 % of the country's GDP in 2024, compared with the ratio of 562.5 % in the previous quarter.
• Italy Total Debt: % of GDP data is updated quarterly, available from Dec 1995 to Sep 2024.
• The data reached an all-time high of 736.5 % in Mar 2021 and a record low of 378.4 % in Mar 1996.

CEIC calculates quarterly Total Debt as % of Nominal GDP from quarterly Total Debt and quarterly Nominal GDP. Total Debt is calculated as Total Liabilities less Equity & Investment Fund Shares and Financial Derivatives for Central Bank, Monetary Financial Institutions excl Central Bank, Other Financial Intermediaries, Financial Auxiliaries, Insurance Corporations, Pension Funds, Non Financial Corporations, Central Government, Local Government, Social Security Funds, Household and NPISH. Bank of Italy provides Total Debt in EUR. Italian National Institute of Statistics provides Nominal GDP in EUR.

Key information about Italy External Debt: % of GDP

• Italy External Debt accounted for 129.0 % of the country's Nominal GDP in 2022, compared with the ratio of 137.8 % in the previous year.
• Italy External Debt: % of Nominal GDP data is updated yearly, available from Dec 2002 to Dec 2022.
• The data reached an all-time high of 140.2 % in Dec 2020 and a record low of 78.9 % in Dec 2002.

CEIC calculates External Debt as % of Nominal GDP from quarterly External Debt and quarterly Nominal GDP. The Bank of Italy provides External Debt in EUR based on BPM6. Italian National Institute of Statistics provides Nominal GDP in EUR. External Debt prior to 2008 is based on BPM5.


Related information about Italy External Debt: % of GDP

• In the latest reports of Italy, Current Account recorded a deficit of 1.7 USD bn in Apr 2023.
• Foreign Direct Investment (FDI) increased by 1.4 USD bn in Apr 2023.
• Italy Direct Investment Abroad expanded by 320.2 USD mn in Apr 2023.
• Its Foreign Portfolio Investment increased by 12.0 USD bn in Mar 2023.
• The country's External Debt reached 2,633,954.6 in Dec 2022.
• The country's Nominal GDP was reported at 538.7 USD bn in Mar 2023.

External Debt to GDP in Italy remained unchanged at 120 percent of GDP in the fourth quarter of 2024 from 120 percent of GDP in the third quarter of 2024. This dataset includes a chart with historical data for Italy External Debt To GDP.

Private Debt to GDP in Italy decreased to 100.30 percent in 2024 from 103.40 percent in 2023. Italy Private Debt to GDP - values, historical data, forecasts and news - updated on July of 2025.

In 2021, the government debt in Italy was estimated to reach 154.2 percent of the country's GDP. In 2022, the government debt is believed to decrease by about three percentage points. Italy's debt has been increasing over the last two decades. However, the COVID-19 emergency has led the country to a higher spending and to a much larger increase in debt.

Key information about Italy Household Debt: % of GDP

• Italy household debt accounted for 47.2 % of the country's Nominal GDP in Sep 2024, compared with the ratio of 47.8 % in the previous quarter.
• Italy household debt to GDP ratio is updated quarterly, available from Dec 1995 to Sep 2024.
• The data reached an all-time high of 58.6 % in Dec 2020 and a record low of 26.5 % in Mar 1996.

CEIC calculates quarterly Household Debt as % of Nominal GDP from quarterly Household Debt and quarterly Nominal GDP. The Bank of Italy provides Household Debt in EUR. Italian National Institute of Statistics provides Nominal GDP in EUR. Household Debt includes NPISH.


Related information about Italy Household Debt: % of GDP

• In the latest reports, Italy Household Debt reached 1,145.1 USD bn in Sep 2024.
• Money Supply M2 in Italy increased 1.3 % YoY in Dec 2024.
• Italy Foreign Exchange Reserves was measured at 51.1 USD bn in Jan 2025.
• The Foreign Exchange Reserves equaled 1.2 Months of Import in Dec 2024.
• Italy Domestic Credit reached 3,215.0 USD bn in Dec 2024, representing an increased of 2.3 % YoY.
• The country's Non Performing Loans Ratio stood at 3.0 % in Sep 2024, compared with the ratio of 3.0 % in the previous quarter.

In 2023, the government expenditure on interest on public debt amounted to 3.7 percent of Italy's GDP, decreasing compared to 2016. The interest expenditure added up to about 78 billion euros.

Key information about Italy National Government Debt

• Italy National Government Debt reached 3,069.8 USD bn in Dec 2024, compared with 3,168.7 USD bn in the previous month.
• Italy National Government Debt data is updated monthly, available from Jan 1957 to Dec 2024.
• The data reached an all-time high of 3,300.5 USD bn in Sep 2024 and a record low of 10.0 USD bn in Feb 1957.

CEIC converts monthly Government Debt into USD. The Bank of Italy provides Government Debt in EUR. The Federal Reserve Board period end market exchange rate is used for currency conversions.


Related information about Italy National Government Debt

• In the latest reports, Italy Consolidated Fiscal Balance recorded a deficit equal to 5.0 % of its Nominal GDP in Sep 2024.
• The country's Government debt accounted for 138.3 % of its Nominal GDP in Sep 2024.
• Italy Nominal GDP reached 538.7 USD bn in Mar 2023.

Graph and download economic data for Outstanding Total International Debt Securities to GDP for Italy (DDDM07ITA156NWDB) from 1980 to 2020 about issues, Italy, debt, and GDP.

Italy's Gross Domestic Product (GDP) amounted to 2.13 trillion euros in 2023. The Italian economy grew at low rates between 2010 and 2019, and significantly shrank in 2020 following the consequences of the pandemic on the global economy. However, since 2021, GDP 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 2024 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 economically still very divided, as data on unemployment, GDP, and poverty confirm. National debt: Italy's most difficult challenge Italy still ranges among the top-20 largest economies in the world. However, the large amount of the national debt risks hampering future growth. In 2023, it reached 134 percent of the GDP, equivalent to 3.1 trillion U.S. dollars, and forecasts expect figures to increase over the coming years. By 2029, the debt-to-GDP ratio may hit 145 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.

Households Debt in Italy decreased to 36.10 percent of GDP in the fourth quarter of 2024 from 36.20 percent of GDP in the third quarter of 2024. This dataset provides - Italy Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

This statistic shows the gross domestic product (GDP) per capita 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 per capita in Italy was around 40,224.01 U.S. dollars. Italy's struggling economy Italy’s GDP per capita has been unstable since 2008, often experiencing slight increases and decreases annually. The third largest economy of the euro area not only suffered from the global financial crisis, they were also one of the primary victims of the euro area crisis. One of the outcomes is the significant growth of Italy’s national debt, which saw continued upsurges every year over the past decade. With the collapse of investments and loss of industrial production, the Italian state was forced to resort to increase taxation and decrease spending. Additionally, Italy was forced to borrow more, which in turn increased national debt and furthermore their debt-to-GDP ratio. A debt-to-GDP ratio is significant to help determine if a country can pay off its debts without incurring more. Increased taxation and decrease spending helped with reducing expenditures as well as raising revenues, however Italy still maintained a trade balance deficit, which has only recently< started to recover. Several reasons for Italy’s downturn as a country are unnecessary spending and incompetent leadership.

This dataset provides values for GOVERNMENT DEBT TO GDP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

This statistic shows the percentage change on the previous year for general government consolidated gross debt as a share of gross domestic product (GDP) in Italy from 2011 to 2017. The largest change in this period occurred in 2012 when there was an increase of 5.1 percent.

Key information about Italy Private Debt: % of Nominal GDP

• Italy Private Debt accounted for 57.79 % of its Nominal GDP in Dec 2024, compared with a ratio of 58.12 % in the previous quarter
• Italy Private Debt contribution to Nominal GDP ratio is updated quarterly, available from Jun 1998 to Dec 2024, with an average share of 74.37 %
• The data reached an all-time high of 92.54 % in Sep 2011 and a record low of 50.31 % in Sep 1998

CEIC calculates quarterly Private Debt as % of Nominal GDP from monthly Private Debt and quarterly Nominal GDP. Private Debt is calculated as the sum of Loans to Non Financial Corporations and Households. The Bank of Italy provides Private Debt in EUR. Italian National Institute of Statistics provides Nominal GDP in EUR.

Among the largest economies worldwide, Italy has the highest public debt interest payment to gross domestic product (GDP) ratio. In 2023, Italy paid 3.6 percent of its GDP in public debt interest payments. Among the countries in the list, Japan had the lowest public debt interest payment to GDP ratio, at 0.12 percent.