The Italian economy showed no growth quarter-on-quarter in the third quarter of 2018, following a 0.2 percent expansion in the previous period and below market expectations of a 0.1 percent growth. I t was the first time that the gross domestic product stalled since the last quarter of 2014. 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
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Italy Economy Stalls for the First Time Since 2014


The Italian economy showed no growth in the third quarter of 2018, following a 0.2 percent expansion in the previous period and below market expectations of a 0.1 percent growth, the preliminary estimate showed. It was the weakest performance since the last quarter of 2014 when the GDP also stagnated.

On the domestic demand side, there was a null contribution by both change in inventories and net exports.

On the production side, industry contracted while services  and agriculture, forestry and fishing advanced.

Year-on-year, the economy grew by 0.8 percent in the three months to September, slowing from a 1.2 percent expansion in the prior period and missing market expectations of 0.9 percent. It was the weakest growth rate since the second quarter of 2015.


Istat | Stefanie Moya | stefanie.moya@tradingeconomics.com
10/30/2018 10:35:38 AM



Calendar GMT Actual Previous Consensus TEForecast
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% 0.2% 0.1% 0.3%
2018-11-30 11:00 AM GDP Growth Rate QoQ Final 0.2%


Italy GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.00 0.20 6.00 -2.80 percent [+]
GDP Annual Growth Rate 0.80 1.20 10.30 -7.20 percent [+]
GDP 1934.80 1859.38 2390.73 40.39 USD Billion [+]
GDP Constant Prices 404509.00 404423.00 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.00 0.20 6.00 -2.80 1960 - 2018 percent Quarterly
SA




Country Last
Singapore 4.70 Sep/18
United States 3.50 Sep/18
Indonesia 3.09 Sep/18
India 1.90 Jun/18
China 1.60 Sep/18
Australia 0.90 Jun/18
Mexico 0.90 Sep/18
Russia 0.90 Jun/18
Turkey 0.90 Jun/18
Canada 0.70 Jun/18
Switzerland 0.70 Jun/18
South Korea 0.60 Sep/18
Spain 0.60 Sep/18
United Kingdom 0.60 Sep/18
France 0.40 Sep/18
Brazil 0.20 Jun/18
Euro Area 0.20 Sep/18
Netherlands 0.20 Sep/18
Italy 0.00 Sep/18
Saudi Arabia -0.05 Mar/18
Germany -0.20 Sep/18
Japan -0.30 Sep/18
South Africa -0.70 Jun/18
Argentina -4.00 Jun/18


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