The Gross Domestic Product (GDP) in Italy expanded 4.70 percent in the second quarter of 2022 over the same quarter of the previous year. source: National Institute of Statistics (ISTAT)

GDP Annual Growth Rate in Italy averaged 2.29 percent from 1961 until 2022, reaching an all time high of 17 percent in the second quarter of 2021 and a record low of -18.20 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 October of 2022.

GDP Annual Growth Rate in Italy is expected to be 0.60 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 2.30 percent in 2023, according to our econometric models.

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Italy GDP Annual Growth Rate

Calendar GMT Actual Previous Consensus TEForecast
2022-07-29 08:00 AM YoY Adv Q2 4.6% 6.2% 3.7% 2.6%
2022-09-01 09:00 AM YoY Final Q2 4.7% 6.2% 4.6% 4.6%
2022-10-31 08:00 AM YoY Adv Q3 0.6%

Related Last Previous Unit Reference
GDP Growth Rate 1.10 0.10 percent Jun 2022
GDP Annual Growth Rate 4.70 6.20 percent Jun 2022
GDP Constant Prices 434338.50 428312.30 EUR Million Jun 2022
Gross Fixed Capital Formation 91652.80 90338.00 EUR Million Jun 2022
Full Year GDP Growth 6.60 -9.00 percent Dec 2021
GDP from Services 284516.30 281697.60 EUR Million Jun 2022
GDP from Manufacturing 76703.40 75595.10 EUR Million Jun 2022
GDP from Construction 21997.70 21635.70 EUR Million Jun 2022
GDP from Agriculture 7771.60 7869.40 EUR Million Jun 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
4.70 6.20 17.00 -18.20 1961 - 2022 percent Quarterly