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.

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.

This statistic shows the distribution of the gross domestic product (GDP) across economic sectors in Italy from 2013 to 2023. In 2023, agriculture contributed around 1.86 percent to the GDP, 22.94 percent came from the industry and 64.96 percent from the service sector.

GDP from Manufacturing in Italy increased to 70608.80 EUR Million in the third quarter of 2025 from 69774.90 EUR Million in the second quarter of 2025. This dataset provides - Italy Gdp From Manufacturing- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Italy IT: GDP data was reported at 1,716,934.700 EUR mn in 2017. This records an increase from the previous number of 1,680,948.100 EUR mn for 2016. Italy IT: GDP data is updated yearly, averaging 626,620.681 EUR mn from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 1,716,934.700 EUR mn in 2017 and a record low of 13,014.646 EUR mn in 1960. Italy IT: GDP 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 local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

GDP from Services in Italy increased to 320704.80 EUR Million in the third quarter of 2025 from 320382.70 EUR Million in the second quarter of 2025. This dataset provides - Italy Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news.

IT: GDP: % of GDP: Trade data was reported at 59.515 % in 2017. This records an increase from the previous number of 56.351 % for 2016. IT: GDP: % of GDP: Trade data is updated yearly, averaging 42.252 % from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 59.515 % in 2017 and a record low of 25.361 % in 1960. IT: GDP: % of GDP: Trade 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: Share of GDP. Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average;

Italy GDP: Agriculture, Forestry & Fishery Products data was reported at 13,564.000 ITL bn in Sep 1998. This records an increase from the previous number of 13,543.000 ITL bn for Jun 1998. Italy GDP: Agriculture, Forestry & Fishery Products data is updated quarterly, averaging 8,462.000 ITL bn from Mar 1970 (Median) to Sep 1998, with 115 observations. The data reached an all-time high of 13,564.000 ITL bn in Sep 1998 and a record low of 1,265.000 ITL bn in Dec 1970. Italy GDP: Agriculture, Forestry & Fishery Products data remains active status in CEIC and is reported by National Institute of Statistics. The data is categorized under Global Database’s Italy – Table IT.A146: GDP by Industry: Current Price: LIRE.

Italy IT: GDP: % of GNI: Gross Savings data was reported at 19.899 % in 2017. This records an increase from the previous number of 19.535 % for 2016. Italy IT: GDP: % of GNI: Gross Savings data is updated yearly, averaging 21.245 % from Dec 1970 (Median) to 2017, with 48 observations. The data reached an all-time high of 26.638 % in 1970 and a record low of 17.146 % in 2010. Italy IT: GDP: % of GNI: Gross Savings 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: Share of GDP. Gross savings are calculated as gross national income less total consumption, plus net transfers.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Monthly and long-term Italy GDP Per Capita data: historical series and analyst forecasts curated by FocusEconomics.

Italy IT: Expenditure: % of GDP data was reported at 42.302 % in 2016. This records a decrease from the previous number of 42.359 % for 2015. Italy IT: Expenditure: % of GDP data is updated yearly, averaging 40.912 % from Dec 1973 (Median) to 2016, with 39 observations. The data reached an all-time high of 48.289 % in 1993 and a record low of 26.669 % in 1974. Italy IT: Expenditure: % of GDP 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: Government Revenue, Expenditure and Finance. Expense is cash payments for operating activities of the government in providing goods and services. It includes compensation of employees (such as wages and salaries), interest and subsidies, grants, social benefits, and other expenses such as rent and dividends.; ; International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD GDP estimates.; Weighted average;

Different estimations on Italy's GDP growth for 2020 have been published since the outbreak of the coronavirus pandemic. The most pessimistic forecasts estimated a contraction of the country's Gross Domestic Product of almost ** percent. The actual data, published during the Spring 2021, revealed that Italy's GDP decreased by *** percent over the course of 2020. An economic outlook published in ************* forecasted a slight growth for the upcoming year. However, the source could not take into account the COVID-19 pandemic.

For a wider overview on the economic impact of the coronavirus in Italy, please consult this report. For further global information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.

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.

Overview with Chart & Report: Gross Domestic Product y/y reflects the percentage change in the monetary value of all goods and services produced by Italian companies during a given quarter compared to the same quarter of the

Tourism Revenues in Italy decreased to 6334.76 EUR Million in September from 7691.72 EUR Million in August of 2025. This dataset provides - Italy Tourism Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Trade (% of GDP) in Italy was reported at 63.18 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Italy - Trade (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.

Monthly dataset of the Italy Business Confidence, including historical data, latest releases, and long-term trends from 2015-09-30 to 2025-10-31. Available for free download in CSV format.

View monthly updates and historical trends for Italy Industry Confidence Indicator. Source: European Commission. Track economic data with YCharts analytic…

Monthly and long-term Italy Industry data: historical series and analyst forecasts curated by FocusEconomics.

View yearly updates and historical trends for Italy General Government Net Lending/Borrowing Outlook. Source: International Monetary Fund. Track economic …