The Gross Domestic Product (GDP) in Italy expanded 0.30 percent in the third quarter of 2019 over the same quarter of the previous year.

GDP Annual Growth Rate in Italy averaged 2.39 percent from 1961 until 2019, reaching an all time high of 10.30 percent in the fourth quarter of 1961 and a record low of -7.20 percent in the first quarter of 2009. This page provides the latest reported value for - Italy GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: National Institute of Statistics (ISTAT)

GDP Annual 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 Annual Growth Rate in Italy to stand at 0.40 in 12 months time. In the long-term, the Italy GDP Annual Growth Rate is projected to trend around 0.80 percent in 2020, according to our econometric models.


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Italy GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.10 10.30 -7.20 1961 - 2019 percent Quarterly
SA

Calendar GMT Actual Previous Consensus TEForecast
2019-07-31 10:00 AM GDP Growth Rate YoY Adv Q2 0.0% -0.1% -0.2% 0.1%
2019-08-30 10:00 AM GDP Growth Rate YoY Final Q2 -0.1% -0.1% 0% 0%
2019-10-31 11:00 AM GDP Growth Rate YoY Adv Q3 0.3% 0.1% 0.2% 0.1%
2019-11-29 11:00 AM GDP Growth Rate YoY Final Q3 0.3% 0.1% 0.3% 0.3%
2020-01-31 09:00 AM GDP Growth Rate YoY Adv Q4 0.3% 0.3% 0.2%


News Stream
2019-03-01
Italy 2018 GDP Growth at 3-Year Low of 0.9%
Italy’s gross domestic product grew 0.9 percent in 2018, much softer than a 1.6 percent expansion in 2017. It was the lowest annual growth rate since 2015. Considering only the fourth quarter of 2018, the economy advanced 0.1 percent, missing market expectations of 0.3 percent and following a 0.6 percent gain in Q3, according to preliminary estimates.


Italy GDP Annual Growth Rate
Italy is the second largest manufacturing economy in Europe and the third largest economy in the Euro Area. 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 [+]