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.

The Gross Domestic Product (GDP) in Italy expanded 0.10 percent in the third 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.

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.

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.

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.

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.

The Gross Domestic Product (GDP) in Italy expanded 0.60 percent in the third 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 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 Gross Domestic Product Deflator for Italy (NGDPDIXITA) from 1995 to 2024 about Italy and GDP.

Graph and download economic data for Nominal Gross Domestic Product for Italy (NGDPSAXDCITQ) from Q1 1995 to Q1 2025 about Italy and GDP.

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

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

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

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

Graph and download economic data for Constant GDP per capita for Italy (NYGDPPCAPKDITA) from 1960 to 2024 about Italy, per capita, real, and GDP.

Yearly (annual) dataset of the Italy GDP per Capita, including historical data, latest releases, and long-term trends from 1960-12-31 to 2024-12-31. Available for free download in CSV format.

Actual value and historical data chart for Italy GDP Us Dollar

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.

Graph and download economic data for Household Debt to GDP for Italy (HDTGPDITA163N) from 2005 to 2024 about Italy, debt, households, and GDP.

Key information about Italy Government Debt: % of GDP

• Italy Government debt accounted for 138.0 % of the country's Nominal GDP in Sep 2025, compared with the ratio of 138.6 % in the previous quarter.
• Italy government debt to GDP ratio data is updated quarterly, available from Dec 1995 to Sep 2025.
• The data reached an all-time high of 157.7 % in Mar 2021 and a record low of 103.5 % in Dec 2007.

CEIC calculates quarterly Government Debt as % of Nominal GDP from monthly Government Debt and rolling sum of quarterly Nominal GDP. The Bank of Italy provides Government Debt in EUR. Italian National Institute of Statistics provides Nominal GDP in EUR.


Related information about Italy Government Debt: % of GDP

• In the latest reports, Italy National Government Debt reached 3,615.5 USD bn in Sep 2025.
• The country's Nominal GDP reached 659.7 USD bn in Sep 2025.