Italy GDP Growth Rate

Last Release

Jun 30, 2025

Actual

-0.1

Units In

0.3

Frequency

Quarterly

Next Release

Nov 28, 2025

Time to Release

2 Months 27 Days 9 Hours

Highest	Lowest	Average	Date Range	Source
16 Sep 2020	-13.1 Jun 2020	0.55 %	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 and aligning with the first estimate to contrast sharply with the initial expectations of a 0.1% expansion. It was the first decline in the GDP since the second quarter of 2023, pressured by the negative contribution of net foreign demand as tariff threats from the US and volatile commodity prices pressured trade flows. Exports contracted by 1.7% as Italy is the economy with the second-largest dependency on the US for exports, while imports surged by 2.5%. In the meantime, household consumption stalled and government expenditure inched higher by 0.2%. In turn, gross fixed investment rose by 1%. From the previous year, the Italian GDP expanded by 0.4% in the second quarter.