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.

Graph and download economic data for Gross Domestic Product (Euro/ECU Series) for Italy (CPMEURNSAB1GQIT) from Q1 1995 to Q2 2025 about Italy and GDP.

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

GDP Constant Prices in Italy decreased to 485045.90 EUR Million in the second quarter of 2025 from 485416.10 EUR Million in the first quarter of 2025. This dataset provides - Italy GDP Constant Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

With a Gross Domestic Product of over 4.3 trillion Euros, the German economy was by far the largest in Europe in 2024. 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 7.4 billion Euros. In this year, the combined GDP of the 27 member states that compose the European Union amounted to approximately 17.95 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.

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

GDP from Manufacturing in Italy increased to 70608.80 EUR Million in the third quarter of 2025 from 69774.90 EUR Million in the second quarter of 2025. This dataset provides - Italy Gdp From Manufacturing- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Italy GDP: cif-fob: GFCF: Transport data was reported at 6,555.000 EUR mn in Sep 2005. This records a decrease from the previous number of 7,622.000 EUR mn for Jun 2005. Italy GDP: cif-fob: GFCF: Transport data is updated quarterly, averaging 3,274.000 EUR mn from Mar 1980 (Median) to Sep 2005, with 103 observations. The data reached an all-time high of 9,229.000 EUR mn in Dec 2002 and a record low of 1,042.000 EUR mn in Sep 1980. Italy GDP: cif-fob: GFCF: Transport 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.

GDP from Services in Italy increased to 320704.80 EUR Million in the third quarter of 2025 from 320382.70 EUR Million in the second quarter of 2025. This dataset provides - Italy Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Italy - Real GDP per capita was EUR28880.00 in December of 2023, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Italy - Real GDP per capita - last updated from the EUROSTAT on December of 2025. Historically, Italy - Real GDP per capita reached a record high of EUR28940.00 in December of 2007 and a record low of EUR24960.00 in December of 2020.

GDP, billion currency units in Italy, September, 2025 The most recent value is 562.28 billion Euro as of Q3 2025, an increase compared to the previous value of 555.89 billion Euro. Historically, the average for Italy from Q1 1995 to Q3 2025 is 394.23 billion Euro. The minimum of 228.3 billion Euro was recorded in Q1 1995, while the maximum of 584.27 billion Euro was reached in Q4 2024. | TheGlobalEconomy.com

This statistic shows the gross domestic product (GDP) per capita 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 per capita in Italy was around 40,224.01 U.S. dollars. Italy's struggling economy Italy’s GDP per capita has been unstable since 2008, often experiencing slight increases and decreases annually. The third largest economy of the euro area not only suffered from the global financial crisis, they were also one of the primary victims of the euro area crisis. One of the outcomes is the significant growth of Italy’s national debt, which saw continued upsurges every year over the past decade. With the collapse of investments and loss of industrial production, the Italian state was forced to resort to increase taxation and decrease spending. Additionally, Italy was forced to borrow more, which in turn increased national debt and furthermore their debt-to-GDP ratio. A debt-to-GDP ratio is significant to help determine if a country can pay off its debts without incurring more. Increased taxation and decrease spending helped with reducing expenditures as well as raising revenues, however Italy still maintained a trade balance deficit, which has only recently< started to recover. Several reasons for Italy’s downturn as a country are unnecessary spending and incompetent leadership.

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 GDP: cif-fob: IFCE: Households data was reported at 223,948.000 EUR mn in Sep 2005. This records an increase from the previous number of 206,127.000 EUR mn for Jun 2005. Italy GDP: cif-fob: IFCE: Households data is updated quarterly, averaging 114,940.000 EUR mn from Mar 1980 (Median) to Sep 2005, with 103 observations. The data reached an all-time high of 223,948.000 EUR mn in Sep 2005 and a record low of 27,485.000 EUR mn in Jun 1980. Italy GDP: cif-fob: IFCE: Households 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: Changes in Inventory data was reported at -5,137.000 EUR mn in Sep 2005. This records a decrease from the previous number of 3,936.000 EUR mn for Jun 2005. Italy GDP: cif-fob: Changes in Inventory data is updated quarterly, averaging 1,612.000 EUR mn from Mar 1980 (Median) to Sep 2005, with 103 observations. The data reached an all-time high of 6,637.000 EUR mn in Dec 2004 and a record low of -7,217.000 EUR mn in Sep 2002. Italy GDP: cif-fob: Changes in Inventory 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.

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.

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.

The statistic shows the growth of the real gross domestic product (GDP) in the European Union and the Euro area 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, the GDP in the European Union increased by about 1.12 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.

GDP from Construction in Italy increased to 27028.60 EUR Million in the third quarter of 2025 from 26091.10 EUR Million in the second quarter of 2025. This dataset provides - Italy Gdp From Construction- actual values, historical data, forecast, chart, statistics, economic calendar and news.