Italy GDP Growth Rate

Last Release

Mar 31, 2025

Actual

0.3

Units In

Frequency

Quarterly

Next Release

Aug 29, 2025

Time to Release

2 Months 28 Days 4 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 expanded by 0.3% in the first quarter of 2025, accelerating from the 0.1% growth rate in the previous period and in line with the first estimate, thus remaining above the initial market expectations of a 0.2% growth rate. It was the sharpest pace of quarterly growth in one year, reflecting some traction for the Italian economy as lower interest rates and improved confidence on its traditionally risky debt, in relative terms, spurred investments. Gross fixed investment jumped by 1.4% with support from buildings and structures (1.6%) and machinery (0.6%). In turn, household consumption rose 0.6% and public expenditure jumped 0.7%. Still, net external demand contributed negatively to GDP growth as imports surged 4.3% and exports added a softer 0.8%.