Italy's economy grew 0.1 percent on quarter in the three months to September 2019, the same pace as in the previous period and in line with preliminary estimates. Increases in household consumption and government expenditure more than offset a decline in gross fixed capital formation and negative contribution from net foreign. Year-on-year, the GDP expanded 0.3 percent, after a 0.1 percent advance in the prior quarter and also matching flash estimates.

GDP Growth Rate in Italy averaged 0.58 percent from 1960 until 2019, 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. This page provides - Italy GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: National Institute of Statistics (ISTAT)

GDP Growth Rate in Italy is expected to be 0.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Italy to stand at 0.20 in 12 months time. In the long-term, the Italy GDP Growth Rate is projected to trend around 0.30 percent in 2020, according to our econometric models.

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Italy GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.10 0.10 6.00 -2.80 1960 - 2019 percent Quarterly
SA

Calendar GMT Actual Previous Consensus TEForecast
2019-07-31 10:00 AM GDP Growth Rate QoQ Adv Q2 0% 0.1% -0.1% 0.0%
2019-08-30 10:00 AM GDP Growth Rate QoQ Final Q2 0% 0.1% 0% 0%
2019-10-31 11:00 AM GDP Growth Rate QoQ Adv Q3 0.1% 0.1% 0% 0%
2019-11-29 11:00 AM GDP Growth Rate QoQ Final Q3 0.1% 0.1% 0.1% 0.1%
2020-01-31 09:00 AM GDP Growth Rate QoQ Adv Q4 0.1% 0.1% 0.1%


News Stream
2019-10-31
Italy GDP Grows 0.1% in Q3, Beats Forecast of Stagnation
Italian economy grew 0.1 percent on quarter in the three months to September 2019, the same pace as in the previous three-month period and compared to market expectations of a flat reading, a preliminary estimate showed. Domestic demand was the main driver of growth, while net external demand contributed negatively to the GDP. Year-on-year, the GDP grew 0.3 percent in the third quarter, the most in a year and above market expectations of a 0.2 percent advance.

2019-07-31
Italy Economy Stalls in Q2
Italy's economy stagnated in the second quarter of 2019, following a 0.1 percent growth in the previous three-month period and compared to market expectations of a 0.1 percent contraction, a preliminary estimate showed. Both trade and domestic demand made zero contribution to growth. On the production side, declines in industry and agriculture sectors were enough to offset an expansion in services activity.

2019-05-31
Italy Q1 GDP Growth Revised Down to 0.1%
Italy's economy advanced 0.1 percent on quarter in the second quarter of 2019, slightly below a preliminary reading and market expectations of 0.2 percent, final estimates showed. It follows a 0.1 percent contraction in the previous period, emerging from its third recession in a decade. Industry and agriculture contributed to the increase in activity. Year-on-year, the GDP shrank 0.1 percent, after being unchanged in the prior quarter and missing market consensus of a 0.1 percent growth.

2019-04-30
Italy Returns to Growth in Q1
Italy's economy grew 0.2 percent on quarter in the first three months of 2019, emerging from its third recession in a decade and beating market expectations of a 0.1 percent expansion, the advance estimate showed. Industry, services and agriculture all contributed to the increase in activity. Year-on-year, the GDP rose 0.1 percent, after being unchanged in the previous period and also beating forecasts of a 0.1 percent contraction.

2019-03-05
Italy Economy Recession Confirmed in Q4
Italy's economy shrank 0.1 percent on quarter in the last three months of 2018, the same as in the previous period and slightly above the 0.2 percent contraction previously estimated. Still, it was the second straight quarter of GDP decline, throwing the country into recession for the third time in a decade.

2019-01-31
Italy Economy Shrinks for 2nd Quarter in Q4
The Italian economy shrank by 0.2 percent on quarter in the three months to December of 2018, following a 0.1 percent contraction in the previous period and slightly more than market expectations of a 0.1 percent decrease, preliminary estimates showed. It was the second consecutive quarter of contraction, throwing the country into recession.


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.

Italy GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.10 0.10 6.00 -2.80 percent [+]
GDP Annual Growth Rate 0.30 0.10 10.30 -7.20 percent [+]
GDP 2073.90 1946.57 2390.73 40.39 USD Billion [+]
GDP Constant Prices 430459.00 430210.00 452802.50 294839.30 EUR Million [+]
Gross Fixed Capital Formation 79511.00 79659.00 98217.50 52865.10 EUR Million [+]
GDP per capita 35391.70 35029.40 38236.80 10867.70 USD [+]
GDP per capita PPP 35739.00 35373.20 38612.00 31141.90 USD [+]
GDP From Agriculture 8001.00 8165.00 9030.50 7471.90 EUR Million [+]
GDP From Construction 17195.00 17170.00 27635.80 16005.00 EUR Million [+]
GDP From Manufacturing 76086.00 76234.00 85777.20 66536.70 EUR Million [+]
GDP From Services 286742.00 286414.00 286742.00 224998.40 EUR Million [+]