Graph and download economic data for Gross Domestic Product (Euro/ECU Series) for Italy (CPMEURSCAB1GQIT) 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.

This statistic shows a comparison of the gross domestic product (GDP) and the national debt in selected euro area countries in 2024. In 2024, Italy's GDP amounted to approximately 2.19 trillion euros, while its national debt amounted to approximately 2.97 trillion euros.

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.

With a Gross Domestic Product of over 4.18 trillion Euros, the German economy was by far the largest in Europe in 2023. The similarly sized economies of the United Kingdom and France were the second and third largest economies in Europe during this year, followed by Italy and Spain. The smallest economy in this statistic is that of the small Balkan nation of Montenegro, which had a GDP of 5.7 billion Euros. In this year, the combined GDP of the 27 member states that compose the European Union amounted to approximately 17.1 trillion Euros. The big five Germany’s economy has consistently had the largest economy in Europe since 1980, even before the reunification of West and East Germany. The United Kingdom, by contrast, has had mixed fortunes during the same period and had a smaller economy than Italy in the late 1980s. The UK also suffered more than the other major economies during the recession of the late 2000s, meaning the French economy was the second largest on the continent for some time afterward. The Spanish economy was continually the fifth-largest in Europe in this 38-year period, and from 2004 onwards, has been worth more than one trillion Euros. The smallest GDP, the highest economic growth in Europe Despite having the smallerst GDP of Europe, Montenegro emerged as the fastest growing economy in the continent, achieving an impressive annual growth rate of 4.5 percent, surpassing Turkey's growth rate of 4 percent. Overall,this Balkan nation has shown a remarkable economic recovery since the 2010 financial crisis, with its GDP projected to grow by 28.71 percent between 2024 and 2029. Contributing to this positive trend are successful tourism seasons in recent years, along with increased private consumption and rising imports. Europe's economic stagnation Malta, Albania, Iceland, and Croatia were among the countries reporting some of the highest growth rates this year. However, Europe's overall performance reflected a general slowdown in growth compared to the trend seen in 2021, during the post-pandemic recovery. Estonia experienced the sharpest negative growth in 2023, with its economy shrinking by 2.3% compared to 2022, primarily due to the negative impact of sanctions placed on its large neighbor, Russia. Other nations, including Sweden, Germany, and Finland, also recorded slight negative growth.

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.

Italy IT: GDP: Real: per Capita data was reported at 26,334.329 EUR in 2017. This records an increase from the previous number of 25,912.008 EUR for 2016. Italy IT: GDP: Real: per Capita data is updated yearly, averaging 22,484.620 EUR from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 28,870.500 EUR in 2007 and a record low of 8,205.605 EUR in 1960. Italy IT: GDP: Real: per Capita 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: Real. GDP per capita is gross domestic product divided by midyear population. 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 constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

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.; ;

In 2023, the highest regional Gross Domestic Product in Italy was registered in the northern region of Lombardy, roughly 490 billion euros, followed by Lazio, about 239 billion euros, and Veneto, 137 billion euros. The lowest GDP was recorded in Aosta Valley, in the north, and in Molise, in the south of Italy. A deep economic gap Among the top-10 Italian regions with the highest GDP, five are located in the north of the country: Lombardy, Veneto, Emilia Romagna, Piedmont, and Liguria. Campania, the most populous region in the south, ranked only seventh nationally. These results highlight the deep economic disparities between the north and the south of Italy. The GDP of the northwestern regions reached 709 billion euros in 2023, while the south recorded less than half of the northern regions’ figures. Thus, Lombardy, Piedmont, Liguria, and Aosta Valley constitute Italy's economic driving force. In particular, Lombardy is the region with the highest salaries nationwide, 33,635 euros gross per year, 4,300 euros more than in Campania. Actions by policymakers aimed at closing the economic and wage gap are essential for the full development of southern Italian regions. The demographic divide Despite weaker economic indicators compared to the north, southern regions record better demographic figures. Italy’s population is progressively aging and the number of residents has declined recently. The median age of Italians is expected to reach 52.9 years by 2050. However, the south of the country contributes to mitigating the demographic decline. In fact, birth rates are the highest in the southern regions, in Sicily, and in Sardinia, with 6.6 childbirths per 1,000 inhabitants, well above the 6.2 births per 1,000 residents recorded in the northwest. Additionally, the southern population is on average two years younger than the those living in the northern regions.

Italy IT: GDP: Real: Gross Domestic Income data was reported at 1,611,505.654 EUR mn in 2017. This records an increase from the previous number of 1,593,600.332 EUR mn for 2016. Italy IT: GDP: Real: Gross Domestic Income data is updated yearly, averaging 1,282,947.227 EUR mn from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 1,687,823.823 EUR mn in 2007 and a record low of 414,847.714 EUR mn in 1960. Italy IT: GDP: Real: Gross Domestic Income 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: Real. Gross domestic income is derived as the sum of GDP and the terms of trade adjustment. Data are in constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

GDP from Services in Italy decreased to 320534.70 EUR Million in the fourth quarter of 2024 from 320733.90 EUR Million in the third quarter of 2024. This dataset provides - Italy Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Italy Gross Domestic Product (GDP): cif-fob: wda data was reported at 361,686.000 EUR mn in Dec 2005. This records an increase from the previous number of 345,601.000 EUR mn for Sep 2005. Italy Gross Domestic Product (GDP): cif-fob: wda data is updated quarterly, averaging 197,830.500 EUR mn from Mar 1980 (Median) to Dec 2005, with 104 observations. The data reached an all-time high of 361,686.000 EUR mn in Dec 2005 and a record low of 45,882.000 EUR mn in Mar 1980. Italy Gross Domestic Product (GDP): cif-fob: wda 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.A123: ESA Standard: GDP by Expenditure: Current Price: EUR: cif-fob: Working Days and Seasonally Adjusted.

italy - Gross Domestic Product (Euro/ECU series) for Italy was 552551.60000 Mil. of Euros in October of 2024, according to the United States Federal Reserve. Historically, italy - Gross Domestic Product (Euro/ECU series) for Italy reached a record high of 552551.60000 in October of 2024 and a record low of 468498.90000 in July of 2021. Trading Economics provides the current actual value, an historical data chart and related indicators for italy - Gross Domestic Product (Euro/ECU series) for Italy - last updated from the United States Federal Reserve on July of 2025.

Since 1980, Europe's largest economies have consistently been France, Germany, Italy, Spain, and the United Kingdom, although the former Soviet Union's economy was the largest in the 1980s, and Russia's economy has been larger than Spain's since 2010. Since Soviet dissolution, Germany has always had the largest economy in Europe, while either France or the UK has had the second largest economy depending on the year. Italy's economy was of a relatively similar size to that of the UK and France until the mid-2000s when it started to diverge, resulting in a difference of approximately 800 billion U.S dollars by 2018. Russia's economy had overtaken both Italy and Spain's in 2012, but has fallen since 2014 due to the drop in international oil prices and the economic sanctions imposed for its annexation of Crimea - economic growth is expected to be comparatively low in Russia in the coming years due to the economic fallout of its invasion of Ukraine in 2022. In 2025, Germany, now the world's third-largest economy, was estimated at over *** trillion U.S. dollars.

Italy GDP: cif-fob: GFCF: Construction data was reported at 31,333.000 EUR mn in Sep 2005. This records a decrease from the previous number of 33,852.000 EUR mn for Jun 2005. Italy GDP: cif-fob: GFCF: Construction data is updated quarterly, averaging 18,896.000 EUR mn from Mar 1980 (Median) to Sep 2005, with 103 observations. The data reached an all-time high of 33,852.000 EUR mn in Jun 2005 and a record low of 5,401.000 EUR mn in Mar 1980. Italy GDP: cif-fob: GFCF: Construction 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.A120: ESA Standard: GDP by Expenditure: Current Price: EUR: cif-fob.

Italy GDP: cif-fob: wda: Imports of Goods and Services cif data was reported at 97,140.000 EUR mn in Dec 2005. This records an increase from the previous number of 94,415.000 EUR mn for Sep 2005. Italy GDP: cif-fob: wda: Imports of Goods and Services cif data is updated quarterly, averaging 35,162.000 EUR mn from Mar 1980 (Median) to Dec 2005, with 104 observations. The data reached an all-time high of 97,140.000 EUR mn in Dec 2005 and a record low of 11,582.000 EUR mn in Mar 1980. Italy GDP: cif-fob: wda: Imports of Goods and Services cif 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.A123: ESA Standard: GDP by Expenditure: Current Price: EUR: cif-fob: Working Days and Seasonally Adjusted.

In 2023, the Gross Domestic Product (GDP) per capita in Italy was 36,070 euros. Between 2009 and 2023, the GDP increased, growing from 26,600 euros to 36,070 euros, while it dropped in 2020 due to the economic crisis caused by the COVID-19 pandemic.

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 statistic shows the growth of the real gross domestic product (GDP) in the European Union and the Euro area from 2019 to 2023, with projections up until 2029. 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 2022, the GDP in the European Union increased by about 3.61 percent compared to the previous year. Growth trends in the EU compared to the euro area The euro area, which is also called the eurozone, is an economic and monetary union (EMU) which includes 19 of the 27 European Union member states which have formally adopted the euro. Those countries include Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain. Member states which have not yet adopted the euro include Bulgaria, Croatia, Czechia, Denmark, Hungary, Poland, Romania, Sweden and the United Kingdom. Additionally, there is the so-called Schengen Area, which is composed of EU and non-EU states, and has been established mainly to facilitate travelling in Europe. While some countries, such as Kosovo and Montenegro have adopted the euro unilaterally, they are not formally part of the eurozone. Others have established a monetary agreement with the EU to use the euro, such as Andorra, Monaco, San Marino and the Vatican, but they do not form part of the official euro area. As can be seen in the chart, annual GDP growth slumped in 2012 and 2013, presumably as a result of the global financial crisis, in both the EU and the euro area. In 2013, growth began increasing ever so slightly and in 2014 the EU regained a bit of stability. However, overall recovery in the EU has been relatively moderate and gradual; growth throughout the EU has been slightly better than in the euro area and is projected to remain slightly better for the foreseeable future. Relatively new member states such as Romania and Czechia, which have not yet adopted the euro, reported the highest annual growth rates in the EU in 2015, and generally, new member states show slightly better growth rates. Also, unemployment has been slightly higher in the euro area compared to the EU for the last ten years (267906). The unemployment rate also remains relatively high for both the EU and the euro area. As for public spending as a share of GDP, these figures are slightly higher in the euro area than in the EU as a whole. The member states with the highest national debt include the United Kingdom, Italy, France and Germany - some of the oldest members of the euro area. The national debt of the euro area is slightly higher than the national debt of the EU as a whole, underlining the economic situation of both areas.