Markets Actual Q4 Q1 Q2 Q3 2020
Currency 1.11 1.09 1.08 1.08 1.07 1.06
Stock Market (points) 22336.08 21798 21493 21192 20896 20315
Government Bond 10Y (%) 1.01 0.87 0.91 0.96 1 1.1
Overview Actual Q4 Q1 Q2 Q3 2020
GDP Growth Rate (%) 0.00 0.2 0.3 0.3 0.3 0.4
GDP Annual Growth Rate (%) -0.10 0.2 0.4 0.4 0.6 0.8
Unemployment Rate (%) 9.50 9.4 9.4 9.2 9.1 8.8
Inflation Rate (%) 0.30 0.7 0.9 1 1.1 1.2
Inflation Rate Mom (%) -0.60 0.4 0.5 0.3 -0.4 0.5
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (EUR Million) 2585.00 6000 2180 2180 4840 5400
Current Account (EUR Million) 6037.00 2750 2460 4220 2290 2210
Current Account to GDP (%) 2.50 3 2.5 2.5 2.5 2.5
Government Debt to GDP (%) 134.80 133 133 133 133 133
Government Budget (% of GDP) -2.10 -2 -2.6 -2.6 -2.6 -2.6
Business Confidence (Index Points) 98.80 101 102 102 102 102
Services PMI (Index Points) 51.40 50.4 51.1 52.4 52.8 52.9
Manufacturing PMI 47.80 50.6 52 51.9 52.5 52.7
Consumer Confidence (Index Points) 112.20 111 112 112 112 112
Retail Sales MoM (%) -0.60 0.5 -0.2 1 0.4 0.4
Corporate Tax Rate (%) 24.00 24 24 24 24 24
Personal Income Tax Rate (%) 43.00 43 43 43 43 43
GDP Actual Q4 Q1 Q2 Q3 2020
GDP Growth Rate (%) 0.00 0.2 0.3 0.3 0.3 0.4
GDP Annual Growth Rate (%) -0.10 0.2 0.4 0.4 0.6 0.8
GDP (USD Billion) 2073.90 2030 2090 2090 2090 2090
GDP Constant Prices (EUR Million) 403786.00 403628 404837 405274 405805 406857
Gross Fixed Capital Formation (EUR Million) 76093.00 74352 74574 74995 76473 74946
GDP per capita (USD) 35391.70 35200 35800 35800 35800 35800
GDP per capita PPP (USD) 35739.00 36000 36400 36400 36400 36400
GDP From Agriculture (EUR Million) 7111.00 7010 7031 7224 7147 7066
GDP From Construction (EUR Million) 16737.00 16419 16469 16880 16821 16551
GDP From Manufacturing (EUR Million) 70324.00 70363 70574 70887 70676 70926
GDP From Services (EUR Million) 271777.00 272028 272842 272459 273136 274204
Labour Actual Q4 Q1 Q2 Q3 2020
Unemployment Rate (%) 9.50 9.4 9.4 9.2 9.1 8.8
Unemployed Persons (Thousand ) 2451.63 2570 2550 2550 2540 2500
Employment Rate (%) 59.10 59.4 59.5 59.5 59.6 59.6
Labor Force Participation Rate (%) 65.80 65.8 65.9 65.9 66 65.9
Long Term Unemployment Rate (%) 6.00 4.8 4.7 5.6 5.4 4.5
Youth Unemployment Rate (%) 28.90 28.4 28 28.5 28.3 27
Labour Costs (Index Points) 111.90 111 111 113 113 113
Wages (EUR/Month) 2467.00 2478 2480 2502 2502 2525
Wages in Manufacturing (Index Points) 102.70 116 116 104 104 118
Wage Growth (%) 0.70 1.2 1.4 1.4 1.5 1.7
Population (Million) 60.48 60.8 59.84 59.84 59.84 59.84
Retirement Age Women 67.00 67 67 67 67 67
Retirement Age Men 67.00 67 67 67 67 67
Wages Low Skilled (EUR/Month) 1130.00 1150 1151 1146 1146 1172
Wages High Skilled (EUR/Month) 2340.00 2382 2384 2373 2373 2427
Living Wage Family (EUR/Month) 1440.00 1466 1467 1460 1460 1494
Living Wage Individual (EUR/Month) 935.00 952 953 948 948 970
Employment Change (%) 0.50 0.2 0.3 0.3 0.2 0.4
Prices Actual Q4 Q1 Q2 Q3 2020
Inflation Rate (%) 0.30 0.7 0.9 1 1.1 1.2
Inflation Rate Mom (%) -0.60 0.4 0.5 0.3 -0.4 0.5
Consumer Price Index CPI (Index Points) 102.90 104 105 104 104 106
Core Consumer Prices (Index Points) 102.80 103 103 103 104 104
Core Inflation Rate (%) 0.60 0.9 0.9 1 1.1 1.2
Producer Prices (Index Points) 103.10 107 107 107 105 110
Producer Prices Change (%) -1.40 0.5 1 0.9 1.1 1.4
Food Inflation (%) 0.70 1.4 1.4 1.5 1.6 1.8
CPI Housing Utilities (Index Points) 102.40 107 108 107 104 109
CPI Transportation (Index Points) 105.60 106 106 105 108 108
Money Actual Q4 Q1 Q2 Q3 2020
Interest Rate (%) 0.00 0 0 0 0 0
Interbank Rate (%) -0.42 -0.31 -0.06 -0.37 -0.37 -0.06
Money Supply M2 (EUR Million) 1616435.00 1710000 1760000 1790000 1840000 1920000
Banks Balance Sheet (EUR Million) 3816691.59 3920000 3970000 4080000 4170000 4220000
Loans to Private Sector (EUR Million) 650157.00 858000 679984 667861 662071 901000
Private Debt to GDP (%) 166.20 168 166 166 166 166
Central Bank Balance Sheet (EUR Million) 1025467.90 1121000 1161000 1211000 1259000 1321000
Trade Actual Q4 Q1 Q2 Q3 2020
Balance of Trade (EUR Million) 2585.00 6000 2180 2180 4840 5400
Current Account (EUR Million) 6037.00 2750 2460 4220 2290 2210
Current Account to GDP (%) 2.50 3 2.5 2.5 2.5 2.5
Imports (EUR Million) 27204.00 31400 38020 37060 32100 34500
Exports (EUR Million) 29790.00 33400 42200 41900 37100 36900
External Debt (EUR Million) 2171891.00 2250000 2270000 2290000 2300000 2320000
Gold Reserves (Tonnes) 2451.84 2452 2452 2452 2452 2452
Tourism Revenues (EUR Million) 5738.24 2400 2700 4650 5100 2500
Crude Oil Production (BBL/D/1K) 75.00 80 78 78 78 78
Foreign Direct Investment (EUR Million) 801.00 1050 -1120 -2870 -400 470
Government Actual Q4 Q1 Q2 Q3 2020
Government Debt to GDP (%) 134.80 133 133 133 133 133
Government Budget (% of GDP) -2.10 -2 -2.6 -2.6 -2.6 -2.6
Government Budget Value (EUR Billion) -28.38 -5.8 -10.9 -25.6 9.7 -4.9
Government Spending (EUR Million) 78508.00 78180 78414 78886 78901 78806
Government Spending to GDP (%) 48.60 49 49.5 49.5 49.5 49.5
Government Revenues (EUR Billion) 53.67 101 37.2 44.4 40.1 104
Government Debt (EUR Million) 2409910.10 2457000 2478000 2512000 2544000 2594000
Fiscal Expenditure (EUR Billion) 82.05 91.9 62.8 34.7 68.5 99
Taxes Actual Q4 Q1 Q2 Q3 2020
Corporate Tax Rate (%) 24.00 24 24 24 24 24
Personal Income Tax Rate (%) 43.00 43 43 43 43 43
Sales Tax Rate (%) 22.00 22 25 25 25 25
Social Security Rate (%) 39.49 39.49 39.49 39.49 39.49 39.49
Social Security Rate For Companies (%) 30.00 30 30 30 30 30
Social Security Rate For Employees (%) 9.49 9.49 9.49 9.49 9.49 9.49
Business Actual Q4 Q1 Q2 Q3 2020
Business Confidence (Index Points) 98.80 101 102 102 102 102
Services PMI (Index Points) 51.40 50.4 51.1 52.4 52.8 52.9
Manufacturing PMI 47.80 50.6 52 51.9 52.5 52.7
Industrial Production (%) -1.80 -2 0.7 1.1 1.4 1.2
Industrial Production Mom (%) 0.30 0.2 -0.4 -0.2 -0.3 0.2
Manufacturing Production (%) -1.30 -2.6 0.5 0.9 1.2 1.1
Factory Orders (%) 1.10 -0.4 1 0.8 1.2 0.2
Zew Economic Sentiment Index -22.60 -37 -24 -24 -17 -8
Car Registrations 142136.00 119000 185000 177000 105000 121000
Mining Production (%) 0.30 0.5 0.7 0.7 0.8 1
Composite Pmi 50.60 50.7 50.8 50.8 51.9 52.7
Consumer Actual Q4 Q1 Q2 Q3 2020
Consumer Confidence (Index Points) 112.20 111 112 112 112 112
Retail Sales MoM (%) -0.60 0.5 -0.2 1 0.4 0.4
Retail Sales YoY (%) 0.70 1.3 1.5 1.2 1.4 1.5
Consumer Spending (EUR Million) 242938.00 243116 243844 243811 244153 245061
Disposable Personal Income (EUR Million) 297321.00 296289 297176 297993 298290 298660
Personal Savings (%) 8.90 8.7 9 9 9.2 9.5
Bank Lending Rate (%) 1.86 1.98 2.23 1.91 1.91 2.23
Consumer Credit (EUR Million) 108590.35 102723 103552 105430 108174 103545
Gasoline Prices (USD/Liter) 1.85 1.72 1.68 1.6 1.56 1.68
Households Debt To Income (%) 61.06 59 58 58 58 58
Housing Actual Q4 Q1 Q2 Q3 2020
Construction Output (%) 2.10 1.9 2 1.8 1.7 1.6
Housing Index (Index Points) 99.00 99 101 101 102 104
Construction Pmi 50.20 50.5 51.1 50.9 51.6 52.6
Home Ownership Rate (%) 72.40 71.5 71 71 71 71


This page has economic forecasts for Italy including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Italy economy.