Italy GDP Growth Rate 1960-2018 | Data | Chart | Calendar | Forecast

The Italian economy grew by 0.3 percent on quarter in the three months to December of 2017, following a 0.4 percent expansion in the previous period and missing market expectations of 0.4 percent. Growth was driven by both exports and domestic demand. 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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Italian Q4 GDP Growth Slightly Below Forecasts


The Italian economy grew by 0.3 percent on quarter in the three months to December of 2017, following a 0.4 percent expansion in the previous period and missing market expectations of 0.4 percent.

Growth was driven by both exports and domestic demand.

On the production side, industry and services expanded, while agriculture contracted.

Year-on-year, the economy grew by 1.6 percent, compared with 1.7 percent in the previous period and matching market expectations.

Considering 2017 full year, the GDP rose by a non-seasonally adjusted 1.4 percent, following a 0.9 percent increase in 2016. After adjustments for the number of days worked, 2017 growth came in at 1.5 percent. It was the strongest pace of expansion since 2010, but still below the Eurozone's average of 2.5 percent.


Istat | Joana Ferreira |
2/14/2018 9:15:50 AM



Calendar GMT Actual Previous Consensus TEForecast
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 0.3% 0.4% 0.3% 0.5%
2018-03-02 09:00 AM GDP Growth Rate QoQ Final 0.4% 0.3% 0.3%
2018-05-02 09:00 AM GDP Growth Rate QoQ Adv 0.30%
2018-06-01 08:00 AM GDP Growth Rate QoQ Final


Italy GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.30 0.40 6.00 -2.80 percent [+]
GDP Annual Growth Rate 1.60 1.70 10.30 -7.20 percent [+]
GDP 1849.97 1824.90 2390.73 40.39 USD Billion [+]
GDP Constant Prices 401331.00 400176.90 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 February of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.40 6.00 -2.80 1960 - 2017 percent Quarterly
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GDP growth rate by Country
Country Last
United States 2.60 Dec/17
China 1.60 Dec/17
India 1.60 Sep/17
Turkey 1.20 Sep/17
Russia 1.08 Jun/17
Mexico 0.80 Dec/17
Netherlands 0.80 Dec/17
Spain 0.70 Dec/17
Australia 0.60 Sep/17
Euro Area 0.60 Dec/17
France 0.60 Dec/17
Germany 0.60 Dec/17
Switzerland 0.60 Sep/17
Canada 0.40 Sep/17
United Kingdom 0.40 Dec/17
Italy 0.30 Dec/17
Brazil 0.10 Sep/17
Japan 0.10 Dec/17
South Korea -0.20 Dec/17
Indonesia -1.70 Dec/17


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