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 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.

The statistic shows the results of a survey concerning Italians' opinion on the impact of migrants on the domestic economy in 2018. According to data, about one in two respondents believed that migrants constituted mainly a risk for Italy's economy. By contrast, 18 percent of respondents thought that migrants constituted an economic resource rather than a risk.

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.

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.

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

The snapshot provided by Prometeia about the economic situation throughout different Italian areas highlights that disparities are a serious issue in the country. Comparing the indexed GDP per capita in 2005, 2015, and 2025 it comes out not only that in the ***** of Italy the GDP per capita has always been twofold likened to the *****, but also that the gap is expected to further increase in 2025. In like manner, in 2018, the ******** regions ****************************** were the ones with the lowest GDP per capita, whereas at the top five of the ranking only ******** Italian regions could be found. Unemployment rates by macro-region The situation was not much different pertaining to unemployment. In 2020, the unemployment rate in the North oscillated between *** and *** percent, while in the South the rate reached **** percent. Overall, the estimated figures for 2021 and 2022 were not optimistic, given that the unemployment rate was expected to increase throughout Italy. However, the growth was forecasted to be more remarkable in the South than in the rest of the country. Italian economy  Undoubtedly, the economic crisis that occurred in Italy in 2008 together with its long-term repercussions contributed to accentuate already existing regional gaps. Currently, Italy is one of Europe’s largest economies. However, in 2018, it also was among the EU countries with the lowest GDP growth. Furthermore, in 2019, Italy was the sixth state with the highest public debt in relation to the gross domestic product worldwide.

Italy Unemployment Rate: South & Islands data was reported at 18.369 % in Apr 2018. This records a decrease from the previous number of 20.230 % for Jan 2018. Italy Unemployment Rate: South & Islands data is updated quarterly, averaging 14.872 % from Jan 1977 (Median) to Apr 2018, with 166 observations. The data reached an all-time high of 21.636 % in Jan 2014 and a record low of 7.495 % in Jan 1977. Italy Unemployment Rate: South & Islands 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.G040: Labour Force Survey: Unemployment Rate.

Italy IT: GDP: Net Current Transfers from Abroad data was reported at 365,133.000 EUR mn in Dec 2018. This records an increase from the previous number of 277,253.000 EUR mn for Sep 2018. Italy IT: GDP: Net Current Transfers from Abroad data is updated quarterly, averaging 255,521.000 EUR mn from Mar 1999 (Median) to Dec 2018, with 80 observations. The data reached an all-time high of 365,133.000 EUR mn in Dec 2018 and a record low of 159,597.000 EUR mn in Mar 1999. Italy IT: GDP: Net Current Transfers from Abroad data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Italy – Table IT.IMF.IFS: Gross Domestic Product: by Expenditure: Quarterly.

Italy IT: GDP: Net National Income data was reported at 388,247.000 EUR mn in Dec 2018. This records an increase from the previous number of 360,486.000 EUR mn for Sep 2018. Italy IT: GDP: Net National Income data is updated quarterly, averaging 322,977.500 EUR mn from Mar 1999 (Median) to Dec 2018, with 80 observations. The data reached an all-time high of 388,247.000 EUR mn in Dec 2018 and a record low of 233,628.000 EUR mn in Mar 1999. Italy IT: GDP: Net National Income data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Italy – Table IT.IMF.IFS: Gross Domestic Product: by Expenditure: Quarterly.

Italy IT: Number of Tourist Arrivals: % Change over Previous Period data was reported at -54.504 % in Dec 2018. This records a decrease from the previous number of 30.972 % for Sep 2018. Italy IT: Number of Tourist Arrivals: % Change over Previous Period data is updated quarterly, averaging 30.972 % from Jun 2018 (Median) to Dec 2018, with 3 observations. The data reached an all-time high of 81.247 % in Jun 2018 and a record low of -54.504 % in Dec 2018. Italy IT: Number of Tourist Arrivals: % Change over Previous Period data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Italy – Table IT.IMF.IFS: Tourist Arrivals: Quarterly.

A survey conducted among Italian companies revealed that almost ** percent of companies could not estimate the economic impact of the attacks received during 2018. **** percent of the companies did not report a significant economic impact.

Inflation Rate in Italy increased to 1.70 percent in June from 1.60 percent in May of 2025. This dataset provides the latest reported value for - Italy Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Full Time Employment in Italy increased to 15786 Thousand in the first quarter of 2025 from 15666 Thousand in the fourth quarter of 2024. This dataset provides - Italy Full Time Employment- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Italian economy took a hard hit from the 2008 economic crisis, which significantly slowed down the country's growth. This statistic compares the growth rate of the national economy between 2008 and 2018 to the growth rate of one of its few successful sectors, that of food supplements, according to various performance indicators. The supplements industry outperformed the Italian economy in all criteria. In particular, while general consumption in the country slightly decreased over the 10 years under consideration, the consumption of food supplements saw an impressive increase of *** percent, reaching a value of *** billion euros.

Italy IT: Number of Tourist Nights: % Change over Previous Period data was reported at -71.791 % in Dec 2018. This records a decrease from the previous number of 83.118 % for Sep 2018. Italy IT: Number of Tourist Nights: % Change over Previous Period data is updated quarterly, averaging 83.118 % from Jun 2018 (Median) to Dec 2018, with 3 observations. The data reached an all-time high of 93.351 % in Jun 2018 and a record low of -71.791 % in Dec 2018. Italy IT: Number of Tourist Nights: % Change over Previous Period data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Italy – Table IT.IMF.IFS: Tourist Arrivals: Quarterly.

Italy IT: GDP: saar: Statistical Discrepancy data was reported at 0.000 EUR mn in Jun 2018. This stayed constant from the previous number of 0.000 EUR mn for Mar 2018. Italy IT: GDP: saar: Statistical Discrepancy data is updated quarterly, averaging 0.000 EUR mn from Mar 1995 (Median) to Jun 2018, with 94 observations. Italy IT: GDP: saar: Statistical Discrepancy data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Italy – Table IT.IMF.IFS: Gross Domestic Product: by Expenditure: Seasonally Adjusted: Quarterly.

IT: Gross Intake Ratio in First Grade of Primary Education: Female: % of Relevant Age Group data was reported at 99.093 % in 2015. This records a decrease from the previous number of 99.345 % for 2014. IT: Gross Intake Ratio in First Grade of Primary Education: Female: % of Relevant Age Group data is updated yearly, averaging 97.137 % from Dec 1971 (Median) to 2015, with 43 observations. The data reached an all-time high of 104.539 % in 1971 and a record low of 91.723 % in 1987. IT: Gross Intake Ratio in First Grade of Primary Education: Female: % of Relevant Age Group 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: Education Statistics. Gross intake ratio in first grade of primary education is the number of new entrants in the first grade of primary education regardless of age, expressed as a percentage of the population of the official primary entrance age.; ; UNESCO Institute for Statistics; Weighted average; Each economy is classified based on the classification of World Bank Group's fiscal year 2018 (July 1, 2017-June 30, 2018).

Agritourism is a specific form of tourism mostly referring to stays in farmhouses, including a wide range of farm activities as well as tasting of local and organic foods. From 2010 to 2018, the economic value of this sector increased overall. In 2010, the value of agritourism amounted to *** million euros. In 2019, this figure peaked at *** million euros.

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.