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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.
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<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.
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Graph and download economic data for Real Gross Domestic Product for Italy (CLVMNACSCAB1GQIT) from Q1 1995 to Q1 2025 about Italy, real, and GDP.
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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.
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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.
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Graph and download economic data for Nominal Gross Domestic Product for Italy (NGDPNSAXDCITQ) from Q1 1995 to Q1 2025 about Italy and GDP.
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.
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Graph and download economic data for Constant GDP per capita for Italy (NYGDPPCAPKDITA) from 1960 to 2024 about Italy, per capita, real, and GDP.
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.
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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.
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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.
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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;
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GDP Constant Prices in Italy increased to 483534.10 EUR Million in the fourth quarter of 2024 from 482879.50 EUR Million in the third quarter of 2024. This dataset provides - Italy GDP Constant Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news.
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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.
The ratio of government expenditure to GDP in Italy was approximately 50.56 percent in 2024. Between 1988 and 2024, the ratio rose by around 2.27 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. The ratio is forecast to decline by about 1.08 percentage points from 2024 to 2030, fluctuating as it trends downward.Shown here is the general government expenditure as a share of the national gross domestic product. As defined by the International Monetary Fund, the general government expenditure consists of total expense and the net acquisition of nonfinancial assets. The gross domestic product represents the total value of final goods and services produced during a year.
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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.
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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.
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Historical chart and dataset showing Italy GDP per capita by year from 1960 to 2023.
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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.
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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.