The Italian gross domestic product expanded by 1.9% year-on-year in the first quarter of 2023, revised higher from the preliminary reading of 1.8% and speeding up from the 1.4% growth from the previous quarter. It was the fourth consecutive quarter where the Italian GDP growth surpassed expectations, underscoring some resilience of the Italian economy to higher borrowing costs by the ECB as inflation eased from its peak and both consumer and business activity showed signs of recovery. source: National Institute of Statistics (ISTAT)
GDP Annual Growth Rate in Italy averaged 2.30 percent from 1961 until 2023, reaching an all time high of 16.70 percent in the second quarter of 2021 and a record low of -17.90 percent in the second quarter of 2020. 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. Italy GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.
GDP Annual Growth Rate in Italy is expected to be 1.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Italy GDP Annual Growth Rate is projected to trend around 1.40 percent in 2024 and 1.70 percent in 2025, according to our econometric models.