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 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.

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 0.70 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 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.

GDP (current US$) in Italy was reported at 2372774547793 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Italy - GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

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.

In 2020, Italy's real GDP decreased by *** percent. In 2021, the country's gross domestic product might increase by *** percent by the end of the year. In 2022, instead, the GDP might keep recovering and grow by *** percent.

GDP, billion currency units in Italy, March, 2025 The most recent value is 530.94 billion Euro as of Q1 2025, a decline compared to the previous value of 582.51 billion Euro. Historically, the average for Italy from Q1 1995 to Q1 2025 is 391.33 billion Euro. The minimum of 228.19 billion Euro was recorded in Q1 1995, while the maximum of 582.51 billion Euro was reached in Q4 2024. | TheGlobalEconomy.com

GDP from Construction in Italy increased to 25465.30 EUR Million in the fourth quarter of 2024 from 25168.50 EUR Million in the third quarter of 2024. This dataset provides - Italy Gdp From Construction- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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...

Graph and download economic data for Gross Domestic Product for Italy (CPMNACSCAB1GQIT) from Q1 1995 to Q1 2025 about Italy and GDP.

Investment as percent of GDP in Italy, March, 2025 The most recent value is 22.79 percent as of Q1 2025, an increase compared to the previous value of 21.67 percent. Historically, the average for Italy from Q1 1995 to Q1 2025 is 20.03 percent. The minimum of 16.15 percent was recorded in Q3 2014, while the maximum of 23.66 percent was reached in Q1 2023. | TheGlobalEconomy.com

Consumption as percent of GDP in Italy, March, 2025 The most recent value is 58.99 percent as of Q1 2025, an increase compared to the previous value of 54.19 percent. Historically, the average for Italy from Q1 1995 to Q1 2025 is 59.3 percent. The minimum of 52.86 percent was recorded in Q4 2020, while the maximum of 63.7 percent was reached in Q1 2013. | TheGlobalEconomy.com

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

GDP, PPP (current international $) in Italy was reported at 3589121540313 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Italy - GDP, PPP (current international $) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

According to a forecast, the ultra-broadband use will contribute to a slight growth of the Italian Gross Domestic Product (GDP) between 2020 and 2025. Indeed, it has been forecasted that in 2025 the amount will be of 16.5 billion euros.

Graph and download economic data for National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Italy (NAEXKP01ITQ657S) from Q2 1981 to Q1 2025 about Italy, real, and GDP.

Eurostat unit ID: CLV10_MNAC Eurostat item ID: B1GQ Eurostat country ID: IT

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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.