Italy GDP Growth Rate

Last Release

Dec 31, 2024

Actual

Units In

Frequency

Quarterly

Next Release

May 30, 2025

Time to Release

29 Days 17 Hours

Highest	Lowest	Average	Date Range	Source
16 Sep 2020	-13.1 Jun 2020	0.56 %	1960-2024	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 expanded by 0.3% in the first quarter of the year, accelerating from the 0.1% growth rate from the earlier period and ahead of market expectations of a softer 0.2% expansion, according to a flash estimate. It was the sharpest pace of quarterly growth in one year, supported by a higher growth rate for the industrial sector and agriculture, making up for the broad stagnation for services. In annualized terms, the growth rate would reflect a 0.4% expansion in the Italian GDP in 2025, falling short of the forecasts of 0.6% by the Bank of Italy, which were already revised by taking the aggressive tariffs from the US into account.