Italy GDP Growth Rate 1960-2017 | Data | Chart | Calendar | Forecast

The Italian economy expanded 0.4 percent on quarter in the three months to September of 2017, below a preliminary estimate of 0.5 percent but above a 0.3 percent growth in the previous period. Gross fixed investment made the largest contribution to growth, followed by household consumption and net trade. GDP Growth Rate in Italy averaged 0.60 percent from 1960 until 2017, reaching an all time high of 6 percent in the first quarter of 1970 and a record low of -2.80 percent in the first quarter of 2009.

Italy GDP Growth Rate
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Italy GDP Growth Revised Down to 0.4% in Q3


The Italian economy expanded 0.4 percent on quarter in the three months to September of 2017, below a preliminary estimate of 0.5 percent but above a 0.3 percent growth in the previous period. Gross fixed investment made the largest contribution to growth, followed by household consumption and net trade.

Gross fixed capital formation jumped 3 percent, following a 1.1 percent rise in the previous period, mainly boosted by a 6 percent surge in investment in machinery and equipment (1.3 percent in Q2) and a recovery in construction (0.3 percent compared to -0.3 percent). On the other hand, investment in transport equipment slowed (1.9 percent compared to 9.8 percent).

Household spending also went up faster (0.3 percent compared to 0.2 percent in the previous period) while government expenditure edged up a meager 0.1 percent (0.2 percent in the previous period).

Exports of goods accelerated (1.6 percent compared to 0.1 percent) and imports rose at a slower 1.2 percent (1.6 percent).

Year-on-year, the economy expanded 1.7 percent, lower than a preliminary reading of 1.8 percent but above 1.5 percent in the previous period. It remained the fastest growth rate since the first quarter of 2011. The government forecasts 2017 growth at 1.5 percent which would be the strongest rate since 2010.

Istat | Joana Taborda |
12/1/2017 11:07:28 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-09-01 08:00 AM GDP Growth Rate QoQ Final 0.4% 0.4% 0.4% 0.4%
2017-11-14 09:00 AM GDP Growth Rate QoQ Adv 0.5% 0.3% 0.5% 0.4%
2017-12-01 09:00 AM GDP Growth Rate QoQ Final 0.4% 0.3% 0.5% 0.5%
2018-02-14 09:00 AM GDP Growth Rate QoQ Adv 0.4%
2018-03-03 09:00 AM GDP Growth Rate QoQ Final 0.4%
2018-05-16 08:00 AM GDP Growth Rate QoQ Adv


Italy GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.40 0.30 6.00 -2.80 percent [+]
GDP Annual Growth Rate 1.70 1.50 10.30 -7.20 percent [+]
GDP 1849.97 1824.90 2390.73 40.39 USD Billion [+]
GDP Constant Prices 400176.90 398747.90 425734.70 294839.30 EUR Million [+]
Gross Fixed Capital Formation 71398.80 69309.40 93540.90 52865.10 EUR Million [+]
GDP per capita 34283.70 33911.93 38236.80 10867.70 USD [+]
GDP per capita PPP 34620.13 34244.71 38612.01 31141.90 USD [+]
GDP From Agriculture 6850.30 7106.80 7939.90 6493.70 EUR Million [+]
GDP From Construction 16056.40 15984.90 24471.60 15828.40 EUR Million [+]
GDP From Manufacturing 69269.00 68208.80 79020.00 61759.00 EUR Million [+]
GDP From Services 269365.00 268995.00 272080.50 224998.40 EUR Million [+]


Italy GDP Growth Rate

Italy is the ninth largest economy in the world and the third largest in the Euro Zone. The country has a diversified industrial base driven in large part by manufacturing of high-quality consumer goods. Composition of the GDP on the expenditure side: household consumption (61 percent), government expenditure (19 percent) and gross fixed capital formation (17 percent). Exports of goods and services account for 30 percent of GDP while imports for 27 percent, adding 3 percent to total GDP. This page provides - Italy GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Italy GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on December of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.30 6.00 -2.80 1960 - 2017 percent Quarterly
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GDP growth rate by Country
Country Last
United States 3.30 Sep/17
Indonesia 3.18 Sep/17
China 1.70 Sep/17
South Korea 1.50 Sep/17
India 1.40 Jun/17
Turkey 1.20 Sep/17
Russia 1.08 Jun/17
Germany 0.80 Sep/17
Spain 0.80 Sep/17
Australia 0.60 Sep/17
Euro Area 0.60 Sep/17
Japan 0.60 Sep/17
Switzerland 0.60 Sep/17
France 0.50 Sep/17
Canada 0.40 Sep/17
Italy 0.40 Sep/17
Netherlands 0.40 Sep/17
United Kingdom 0.40 Sep/17
Brazil 0.10 Sep/17
Mexico -0.30 Sep/17