Italy GDP Growth Rate

Last Release

Mar 31, 2025

Actual

0.3

Units In

0.2

Frequency

Quarterly

Next Release

Aug 29, 2025

Time to Release

29 Days 17 Hours

Highest	Lowest	Average	Date Range	Source
16 Sep 2020	-13.1 Jun 2020	0.56 %	1960-2025	National Institute of Statistics (ISTAT)

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.

Latest Updates

The Italian gross domestic product contracted by 0.1% from the previous quarter in the three months to June of 2025, trimming the 0.3% expansion from the first quarter and contrasting sharply with market expectations of a 0.1% expansion, according to a preliminary estimate. It was the first contraction since the second quarter of 2023, pressured by a negative contribution by net foreign demand as tariff threats from the US and volatile commodity prices pressured trade flows. In the meantime, the GDP expanded by 0.4% from the corresponding period of the previous year.