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

The Italian economy grew by 0.2 percent on quarter in the three months to June 2018, in line with the preliminary reading and following a 0.3 percent expansion in the previous period. It was the weakest growth rate since the third quarter of 2016, as household consumption was almost unchanged and net exports contributed negatively to the expansion. On the other hand, there was a firm rebound in fixed investment and inventory changes contributed positively. GDP Growth Rate in Italy averaged 0.59 percent from 1960 until 2018, 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
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Italy Q2 GDP Growth Confirmed at Near 2-Year Low

The Italian economy grew by 0.2 percent on quarter in the three months to June 2018, in line with the preliminary reading and following a 0.3 percent expansion in the previous period. It was the weakest growth rate since the third quarter of 2016.

From the expenditure side, the largest contribution to growth was from gross fixed investment at 0.5 percentage points, followed by inventory changes at 0.2 percentage points. By contrast, net trade subtracted 0.5 percentage points to GDP growth while household consumption and government spending were neutral.

Gross fixed investment surged 2.9 percent in the second quarter, compared with a decrease of 1.1 percent in the precedent period, due to spending on transport equipment (9.2 percent vs 5 percent in Q1); plants, machinery and armaments (7.5 percent vs -2.4 percent); and residential construction (0.3 percent vs unchanged). Meanwhile, household consumption rose by 0.1 percent, easing from a 0.5 percent growth in the previous period, and government spending advanced 0.1 percent, the first increase in one year.

Net trade contributed negatively to growth as imports jumped by 1.8 percent (vs -1.8 percent in Q1) while exports fell by 0.2 percent (vs -2.2 percent in Q1).

From the production side, the services industries increased by 0.2 percent, easing from a 0.3 percent rise in the previous period. Positive growth was recorded within five of the seven sub-sectors of the services industries: trade, transport and accommodation (0.5 percent vs 0.8 percent in Q1); other service activities (0.5 percent vs 0.4 percent); real estate activities (0.3 percent, the same as in Q1); public administration, defense, education, health (0.2 percent vs 0.3 percent); and financial and insurance activities (0.1 percent vs -1.9 percent). By contrast, a contraction was recorded for both information and communication services (-1 percent vs -0.5 percent), and professional and support activities (-0.2 percent vs 0.7 percent). Industrial output increased by 0.3 percent (vs -0.2 percent in Q1), as manufacturing rose 0.3 percent (vs -0.2 percent in Q1) and construction output grew 0.2 percent (vs unchanged in Q1). Meanwhile, agriculture shrank by 1.4 percent, following a 4 percent jump in the first quarter.

Year-on-year, the economy grew by 1.2 percent in the second quarter, up from a preliminary reading of 1.1 percent and compared with an expansion of 1.4 percent in the previous three-month period. It was the slowest pace of expansion since the fourth quarter of 2016.

Joana Ferreira |
8/31/2018 10:33:04 AM

Calendar GMT Actual Previous Consensus TEForecast
2018-06-01 08:00 AM GDP Growth Rate QoQ Final 0.3% 0.4% 0.3% 0.3%
2018-07-31 10:00 AM GDP Growth Rate QoQ Adv 0.2% 0.3% 0.2% 0.3%
2018-08-31 10:00 AM GDP Growth Rate QoQ Final 0.2% 0.3% 0.2% 0.2%
2018-10-30 09:00 AM GDP Growth Rate QoQ Adv 0.2% 0.5%
2018-11-30 11:00 AM GDP Growth Rate QoQ Final 0.2%

Italy GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.20 0.30 6.00 -2.80 percent [+]
GDP Annual Growth Rate 1.20 1.40 10.30 -7.20 percent [+]
GDP 1934.80 1859.38 2390.73 40.39 USD Billion [+]
GDP Constant Prices 402976.40 402292.70 425734.70 294839.30 EUR Million [+]
Gross Fixed Capital Formation 74445.00 72369.70 93540.90 52865.10 EUR Million [+]
GDP per capita 34877.83 34318.50 38236.80 10867.70 USD [+]
GDP per capita PPP 35220.08 34655.26 38612.01 31141.90 USD [+]
GDP From Agriculture 7057.00 7158.00 7939.90 6493.70 EUR Million [+]
GDP From Construction 16278.00 16241.00 24471.60 15838.00 EUR Million [+]
GDP From Manufacturing 69300.00 69121.00 79020.00 61759.00 EUR Million [+]
GDP From Services 271930.00 271346.00 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 September of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.20 0.30 6.00 -2.80 1960 - 2018 percent Quarterly

GDP growth rate by Country
Country Last
Indonesia 4.21 Jun/18
United States 4.20 Jun/18
India 1.90 Mar/18
China 1.80 Jun/18
Argentina 1.10 Mar/18
Australia 0.90 Jun/18
Turkey 0.90 Jun/18
Russia 0.85 Mar/18
Canada 0.70 Jun/18
Japan 0.70 Jun/18
Netherlands 0.70 Jun/18
Switzerland 0.70 Jun/18
Singapore 0.60 Jun/18
South Korea 0.60 Jun/18
Spain 0.60 Jun/18
Germany 0.50 Jun/18
Euro Area 0.40 Jun/18
United Kingdom 0.40 Jun/18
Brazil 0.20 Jun/18
France 0.20 Jun/18
Italy 0.20 Jun/18
Saudi Arabia -0.05 Mar/18
Mexico -0.20 Jun/18
South Africa -0.70 Jun/18