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.

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 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 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.

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;

Italy GDP Growth Tracker: YoY: High data was reported at 4.432 % in 23 Apr 2023. This records an increase from the previous number of 3.952 % for 16 Apr 2023. Italy GDP Growth Tracker: YoY: High data is updated weekly, averaging 3.681 % from May 2019 (Median) to 23 Apr 2023, with 207 observations. The data reached an all-time high of 35.758 % in 18 Apr 2021 and a record low of -22.572 % in 29 Mar 2020. Italy GDP Growth Tracker: YoY: High data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Italy – Table IT.OECD.WT: GDP Growth Tracker: Weekly.

Key information about Italy Real GDP Growth

• The Gross Domestic Product (GDP) in Italy expanded 1.4 % YoY in Dec 2022, following a growth of 2.8 % in the previous quarter.
• Real GDP Growth YoY data in Italy is updated quarterly, available from Mar 1982 to Dec 2022, with an average rate of 1.4 %.
• The data reached an all-time high of 17.4 % in Jun 2021 and a record low of -18.5 % in Jun 2020.

CEIC calculates Real GDP Growth from quarterly Real GDP. Italian National Institute of Statistics provides Real GDP in EUR based on ESA 2010, at chain linked 2015 prices. Real GDP Growth prior to Q1 1997 is calculated from Real GDP based on ESA 1995 at chain linked 2000 prices.


Related information about Italy Real GDP Growth

• In the latest reports, Nominal GDP of Italy reached 501.3 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 5.6 % in Dec 2022.
• GDP Per Capita in Italy reached 35,643.1 USD in Dec 2021.
• Its Gross Savings Rate was measured at 20.3 % in Dec 2022.
• For Nominal GDP contributions, Investment accounted for 21.8 % in Dec 2022.
• Public Consumption accounted for 21.1 % in Dec 2022.
• Private Consumption accounted for 58.6 % in Dec 2022.

Italy: Economic growth forecast: The latest value from 2030 is 0.7 percent, unchanged from 0.7 percent in 2029. In comparison, the world average is 3.25 percent, based on data from 182 countries. Historically, the average for Italy from 1980 to 2030 is 1.22 percent. The minimum value, -8.87 percent, was reached in 2020 while the maximum of 8.93 percent was recorded in 2021.

Different estimations on Italy's GDP growth for 2020 have been published since the outbreak of the coronavirus pandemic. The most pessimistic forecasts estimated a contraction of the country's Gross Domestic Product of almost ** percent. The actual data, published during the Spring 2021, revealed that Italy's GDP decreased by *** percent over the course of 2020. An economic outlook published in ************* forecasted a slight growth for the upcoming year. However, the source could not take into account the COVID-19 pandemic.

For a wider overview on the economic impact of the coronavirus in Italy, please consult this report. For further global information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.

Italy IT: GDP: Growth: GNI data was reported at 1.640 % in 2016. This records an increase from the previous number of 0.399 % for 2015. Italy IT: GDP: Growth: GNI data is updated yearly, averaging 1.745 % from Dec 1971 (Median) to 2016, with 46 observations. The data reached an all-time high of 7.042 % in 1976 and a record low of -4.672 % in 2009. Italy IT: GDP: Growth: GNI 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. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Key information about Italy GDP Deflator Growth

• Italy GDP deflator (implicit price deflator) increased 5.6 % in Dec 2022, compared with an increase of 1.8 % in the previous quarter.
• Italy GDP Deflator Growth data is updated quarterly, available from Mar 1997 to Dec 2022, with an average rate of 1.6 %.
• The data reached an all-time high of 5.6 % in Dec 2022 and a record low of -0.5 % in Jun 2021.

CEIC calculates GDP Deflator Growth from quarterly Nominal and Real GDP. Italian National Institute of Statistics provides Nominal GDP in EUR and Real GDP in EUR, at chain linked 2015 prices.


Related information about Italy GDP Deflator Growth

• In the latest reports, Italy GDP expanded 1.4 % YoY in Dec 2022.
• Its Nominal GDP reached 501.3 USD bn in Dec 2022.
• Italy GDP Per Capita reached 35,643.1 USD in Dec 2021.
• Its Gross Savings Rate was measured at 20.3 % in Dec 2022.

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 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.

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...

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.

Key information about Italy Nominal GDP Growth

• Italy Nominal GDP Growth was reported at 2.632 % in Dec 2024.
• This records a decrease from the previous number of 4.463 % for Sep 2024.
• Italy Nominal GDP Growth data is updated quarterly, averaging 4.176 % from Mar 1981 to Dec 2024, with 176 observations.
• The data reached an all-time high of 21.075 % in Dec 1981 and a record low of -15.716 % in Jun 2020.
• Italy Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly: Seasonally Adjusted.

CEIC calculates quarterly Nominal GDP Growth from quarterly Nominal GDP. Italian National Institute of Statistics provides Nominal GDP in EUR based on ESA 2010. Nominal GDP Growth prior to Q1 1996 is calculated from Nominal GDP based on ESA 1995 and in accordance to SIC 2007, and prior to Q1 1991 based on ESA 1995 only.

Italy GDP Growth Annualized - values, historical data, forecasts and news - updated on July of 2025.

This statistic shows the yearly Gross Domestic Product (GDP) growth forecast of the Italian region Lombardy, in the period from 2016 to 2020. According to the forecast, the economic and industrial powerhouse of Lombardy will grow of 1.3 percent in 2020 in comparison with the previous year.

Italy: Inflation forecast: The latest value from 2030 is 2 percent, unchanged from 2 percent in 2029. In comparison, the world average is 3.65 percent, based on data from 182 countries. Historically, the average for Italy from 1980 to 2030 is 4.45 percent. The minimum value, -0.29 percent, was reached in 2020 while the maximum of 21.18 percent was recorded in 1980.