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. GDP Growth Rate in Italy averaged 0.59 percent from 1960 until 2019, reaching an all time high of 6 percent in the first quarter of 1970 and a record low of -2.70 percent in the first quarter of 2009.

GDP Growth Rate in Italy is expected to be 0.20 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 0.30 in 12 months time. In the long-term, the Italy GDP Growth Rate is projected to trend around 0.60 percent in 2020, according to our econometric models.

Italy GDP Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-11-30 11:00 AM GDP Growth Rate QoQ Final -0.1% 0.2% 0% 0%
2019-01-31 10:00 AM GDP Growth Rate QoQ Adv -0.2% -0.1% -0.1% 0.1%
2019-03-05 09:00 AM GDP Growth Rate QoQ Final -0.1% -0.1% -0.2% -0.2%
2019-04-30 10:00 AM GDP Growth Rate QoQ Adv 0.2% -0.1% 0.1% -0.1%
2019-05-31 08:00 AM GDP Growth Rate QoQ Final -0.1% 0.2% 0.2%
2019-07-31 10:00 AM GDP Growth Rate QoQ Adv 0.2%
2019-08-30 10:00 AM GDP Growth Rate QoQ Final 0.2%



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.

From the demand side, net exports contributed positively to the GDP growth, while domestic demand, including gross of change in inventories, had a negative contribution.

From the production side, 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.


Istat | Joana Ferreira | joana.ferreira@tradingeconomics.com
4/30/2019 10:23:51 AM



Italy GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.20 -0.10 6.00 -2.70 percent [+]
GDP Annual Growth Rate 0.10 0.00 10.30 -7.20 percent [+]
GDP 1934.80 1859.38 2390.73 40.39 USD Billion [+]
GDP Constant Prices 404077.50 402822.50 425552.00 294839.30 EUR Million [+]
Gross Fixed Capital Formation 74203.10 73979.60 93562.20 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 6995.70 7071.30 7937.20 6494.70 EUR Million [+]
GDP From Construction 16386.60 16448.30 24477.10 15830.20 EUR Million [+]
GDP From Manufacturing 70222.70 70590.40 78895.40 61823.30 EUR Million [+]
GDP From Services 271485.00 271318.00 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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.20 -0.10 6.00 -2.70 1960 - 2019 percent Quarterly
SA




Country Last Previous
United States 3.20 Mar/19
Singapore 2.00 Mar/19
India 1.60 Dec/18
China 1.40 Mar/19
South Africa 1.40 Dec/18
Saudi Arabia 1.07 Dec/18
Russia 0.80 Dec/18
Spain 0.70 Mar/19
Japan 0.50 Dec/18
Netherlands 0.50 Mar/19
United Kingdom 0.50 Mar/19
Euro Area 0.40 Mar/19
Germany 0.40 Mar/19
France 0.30 Mar/19
Australia 0.20 Dec/18
Italy 0.20 Mar/19
Switzerland 0.20 Dec/18
Brazil 0.10 Dec/18
Canada 0.10 Dec/18
Mexico -0.20 Mar/19
South Korea -0.30 Mar/19
Indonesia -0.52 Mar/19
Argentina -1.20 Dec/18
Turkey -2.40 Dec/18


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