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

The Italian economy grew by 0.3 percent on quarter in the first three months of 2018, in line with the preliminary reading and following an upwardly revised 0.4 percent expansion in the previous period. Growth was mainly driven by a positive contribution from inventory changes and an increase in consumer spending while fixed investment contracted and net trade contributed negatively. GDP Growth Rate in Italy averaged 0.60 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 Q1 GDP Growth Confirmed at 0.3%

The Italian economy grew by 0.3 percent on quarter in the first three months of 2018, in line with the preliminary reading and following an upwardly revised 0.4 percent expansion in the previous period.

From the expenditure side, the largest contribution to growth was from inventory changes at 0.7 percentage points and household spending at 0.3 percentage points. By contrast, net trade had a negative contribution of 0.4 percentage points, while gross fixed investment subtracted 0.2 percentage points to growth.

Household consumption rose by 0.4 percent in the first quarter, after showing no growth in the previous period, while government spending was unchanged for the second straight quarter. On the other hand, gross fixed investment fell 1.4 percent, compared with an increase of 1.5 percent in the precedent period, due to lower spending on plants, machinery and armaments (-2.9 percent vs 3 percent in Q4), biological resources cultivated (-1.3 percent vs no growth), products of intellectual property (-1.3 percent vs -0.1 percent), and residential (-0.1 percent vs 0.9 percent).

Net trade contributed negatively to growth as exports fell sharply by 2.1 percent (vs 1.8 percent in Q4) and imports declined at a slower 0.9 percent (vs 0.5 percent in Q4).

From the production side, the services industries increased by 0.3 percent, the same pace as in the previous period. Positive growth was recorded within five of the seven sub-sectors of the services industries: trade, transport and accommodation (0.7 percent vs 0.8 percent in Q4); real estate activities (0.4 percent vs 0.3 percent); professional and support activities (0.7 percent vs -0.5 percent); public administration, defense, education, health (0.3 percent vs 0.2 percent); and other service activities (0.5 percent vs 0.2 percent). By contrast, a contraction was recorded for both financial and insurance activities (-2.2 percent vs 0.6 percent) and information and communication services (-0.6 percent vs -1.4 percent). In addition, agriculture surged by 4.6 percent, following five consecutive periods of contraction. Industrial output decreased by 0.1 percent (vs 0.8 percent in Q4), as manufacturing fell 0.1 percent (vs 0.8 percent in Q4) and construction output was unchanged (vs 0.7 percent in Q4).

Year-on-year, the economy grew by 1.4 percent in the first quarter, also in line with the flash estimate and after a 1.6 percent expansion in the previous three-month period.

Istat | Joana Ferreira |
6/1/2018 9:02:25 AM

Calendar GMT Actual Previous Consensus TEForecast
2018-03-02 09:00 AM GDP Growth Rate QoQ Final 0.3% 0.4% 0.3% 0.3%
2018-05-02 09:00 AM GDP Growth Rate QoQ Adv 0.3% 0.3% 0.3% 0.4%
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 0.3% 0.4%
2018-08-31 10:00 AM GDP Growth Rate QoQ Final 0.3%
2018-10-30 09:00 AM GDP Growth Rate QoQ Adv 0.5%

Italy GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.30 0.40 6.00 -2.80 percent [+]
GDP Annual Growth Rate 1.40 1.60 10.30 -7.20 percent [+]
GDP 1934.80 1859.38 2390.73 40.39 USD Billion [+]
GDP Constant Prices 402332.40 401202.10 425734.70 294839.30 EUR Million [+]
Gross Fixed Capital Formation 72221.00 73212.00 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 7183.00 6870.00 7939.90 6493.70 EUR Million [+]
GDP From Construction 16235.00 16242.00 24471.60 15839.00 EUR Million [+]
GDP From Manufacturing 69257.00 69321.00 79020.00 61759.00 EUR Million [+]
GDP From Services 271271.00 270476.00 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 July of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.40 6.00 -2.80 1960 - 2018 percent Quarterly

GDP growth rate by Country
Country Last
Turkey 2.00 Mar/18
United States 2.00 Mar/18
India 1.90 Mar/18
China 1.80 Jun/18
Mexico 1.10 Mar/18
Australia 1.00 Mar/18
South Korea 1.00 Mar/18
Russia 0.85 Mar/18
Spain 0.70 Mar/18
Netherlands 0.60 Mar/18
Switzerland 0.60 Mar/18
Brazil 0.40 Mar/18
Euro Area 0.40 Mar/18
Canada 0.30 Mar/18
Germany 0.30 Mar/18
Italy 0.30 Mar/18
France 0.20 Mar/18
United Kingdom 0.20 Mar/18
Japan -0.20 Mar/18
Indonesia -0.42 Mar/18