The Gross Domestic Product (GDP) in Italy expanded 0.30 percent in the first 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 real gross domestic product (GDP) growth rate in Italy from 2020 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. Real GDP is adjusted for price changes and is therefore regarded as a key indicator for economic growth. In 2024, Italy's real GDP increased by about 0.73 percent compared to the previous year. Italy's national debt Italy’s economy is a developed industrial economy that ranks as one of the largest in the world. A large and efficient economy has helped Italy attain a spot as a member of the G7 and G8, as well as the European Union. After the Second World War, Italy experienced a significant economic boost due to support from the ‘’Free World’’, which is a term used to identify non-communist countries during the Cold War. But several decades of economic growth came to an end after the 2008 recession; from roughly 2007 to 2011, the Italian’s encountered multiple setbacks that shrunk the national economy and dramatically affected the country as a whole. Debt became a major problem and Italy saw annual national debt growth primarily due to the country’s inability to maintain its budget properly as well as an overall decrease in GDP. As a result, investors often questioned the country’s ability to pay off its debts without incurring further debt, particularly due to the country’s large debt-to-GDP ratio, which remains one of the highest in the world.

The Gross Domestic Product (GDP) in Italy expanded 0.70 percent in the first 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.

Historical chart and dataset showing Italy economic growth by year from 1960 to 2018.

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.

Italy: Economic growth forecast: The latest value from 2030 is 0.7 percent, unchanged from 0.7 percent in 2029. In comparison, the world average is 3.25 percent, based on data from 182 countries. Historically, the average for Italy from 1980 to 2030 is 1.22 percent. The minimum value, -8.87 percent, was reached in 2020 while the maximum of 8.93 percent was recorded in 2021.

The latest data from show economic growth of 0.7 percent, which is an increase from the rate of growth of 0.6 percent in the previous quarter and
an increase compared to the growth rate of 0.3 percent in the same quarter last year. The economic growth time series for Italy cover the period from...

Italy GDP for 2023 was 2.301 trillion US dollars, a 9.41% increase from 2022.

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

<li>Italy GDP for 2022 was <strong>2.103 trillion US dollars</strong>, a <strong>3.5% decline</strong> from 2021.</li>
<li>Italy GDP for 2021 was <strong>2.179 trillion US dollars</strong>, a <strong>14.25% increase</strong> from 2020.</li>
<li>Italy GDP for 2020 was <strong>1.907 trillion US dollars</strong>, a <strong>5.55% decline</strong> from 2019.</li>
</ul>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.

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.

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

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 July 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.

Economic growth, quarterly in Italy, March, 2025 The most recent value is 0.3 percent as of Q1 2025, an increase compared to the previous value of 0.2 percent. Historically, the average for Italy from Q2 1995 to Q1 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

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.

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 July of 2025.

GDP from Manufacturing in Italy increased to 69343.40 EUR Million in the fourth quarter of 2024 from 69138.50 EUR Million in the third quarter of 2024. This dataset provides - Italy Gdp From Manufacturing- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Italy IT: GDP: Growth: Household Final Consumption Expenditure per Capita data was reported at 1.501 % in 2017. This records a decrease from the previous number of 1.604 % for 2016. Italy IT: GDP: Growth: Household Final Consumption Expenditure per Capita data is updated yearly, averaging 1.604 % from Dec 1971 (Median) to 2017, with 47 observations. The data reached an all-time high of 6.451 % in 1979 and a record low of -4.208 % in 2012. Italy IT: GDP: Growth: Household Final Consumption Expenditure per Capita 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: Annual Growth Rate. Annual percentage growth of household final consumption expenditure per capita, which is calculated using household final consumption expenditure in constant 2010 prices and World Bank population estimates. Household final consumption expenditure (private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average;

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.