Markets Actual Q1 Q2 Q3 Q4 2020
Currency 1.14 1.13 1.13 1.12 1.12 1.1
Stock Market (points) 19708.06 17883 17610 17343 17080 16564
Government Bond 10Y (%) 2.74 2.82 2.92 3.03 3.14 3.37
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) -0.10 0.3 0.5 0.4 0.4 0.5
GDP Annual Growth Rate (%) 0.70 1.3 1.5 1.6 1.5 1.8
Unemployment Rate (%) 10.50 10.1 9.9 9.7 9.4 8.8
Inflation Rate (%) 1.10 1.7 1.9 2 2 2.3
Inflation Rate Mom (%) -0.10 0.4 0.5 0.6 0.6 0.4
Interest Rate (%) 0.00 0 0 0.25 0.25 0.75
Balance of Trade (EUR Million) 3843.00 6800 1800 4400 5000 4400
Current Account (EUR Million) 4805.70 2720 4750 3870 3250 2510
Current Account to GDP (%) 2.80 1.5 1.5 1.5 1.5 1.1
Government Debt to GDP (%) 131.80 126 126 126 126 124
Government Budget (% of GDP) -2.30 -1.2 -1.2 -1.2 -1.2 -0.5
Business Confidence (Index Points) 103.60 104 105 106 105 106
Services PMI (Index Points) 50.50 50.8 54.5 54.2 54.1 54.4
Manufacturing PMI 49.20 47.6 50.7 51.1 53.6 54.1
Consumer Confidence (Index Points) 113.10 114 114 113 112 111
Retail Sales MoM (%) 0.70 -0.4 -0.3 0.6 0.5 0.4
Corporate Tax Rate (%) 24.00 24 24 24 24 24
Personal Income Tax Rate (%) 43.00 43 43 43 43 43
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) -0.10 0.3 0.5 0.4 0.4 0.5
GDP Annual Growth Rate (%) 0.70 1.3 1.5 1.6 1.5 1.8
GDP (USD Billion) 1934.80 2120 2120 2120 2120 2240
GDP Constant Prices (EUR Million) 403919.00 405499 406436 406072 409978 417357
Gross Fixed Capital Formation (EUR Million) 74584.00 73611 75757 74982 75703 77065
GDP per capita (USD) 34877.83 35600 35600 35600 35600 36000
GDP per capita PPP (USD) 35220.08 36000 36000 36000 36000 36400
GDP From Agriculture (EUR Million) 7182.00 7303 7103 7220 7290 7421
GDP From Construction (EUR Million) 16532.00 16548 16675 16797 16780 17082
GDP From Manufacturing (EUR Million) 70584.00 71055 71170 70960 71643 72932
GDP From Services (EUR Million) 271273.00 272272 273135 272719 275342 280298
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 10.50 10.1 9.9 9.7 9.4 8.8
Employed Persons (Thousand ) 23238.29 24100 24400 24700 25100 25900
Unemployed Persons (Thousand ) 2735.27 2620 2600 2580 2570 2500
Part Time Employment (Hundreds Person) 35080.58 39400 39800 40900 42000 43000
Full Time Employment (Hundreds Person) 144859.08 146700 147200 147600 148000 149000
Employment Rate (%) 58.60 58.5 58.6 58.8 58.9 59
Labor Force Participation Rate (%) 65.70 66.4 66.5 66.4 66.4 66.5
Long Term Unemployment Rate (%) 6.40 5.2 5 4.9 4.8 4.5
Youth Unemployment Rate (%) 31.60 29.8 29.5 28.9 28.4 27
Labour Costs (Index Points) 107.00 107 108 109 109 112
Wages (EUR/Month) 2434.00 2459 2459 2459 2459 2475
Wages in Manufacturing (Index Points) 113.70 114 115 115 116 120
Wage Growth (%) 1.70 1.5 1.6 1.9 1.7 1.9
Population (Million) 60.48 60.21 60.21 60.21 60.21 60.02
Retirement Age Women 65.58 66 65.58 64 66 66
Retirement Age Men 66.58 67 67 66.58 67 67
Wages Low Skilled (EUR/Month) 1130.00 1410 1410 1410 1410 1480
Wages High Skilled (EUR/Month) 2340.00 2440 2440 2440 2440 2560
Living Wage Family (EUR/Month) 1440.00 1550 1550 1550 1550 1650
Living Wage Individual (EUR/Month) 935.00 1020 1020 1020 1020 1120
Employment Change (%) 0.50 0.4 0.4 0.5 0.5 0.6
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 1.10 1.7 1.9 2 2 2.3
Inflation Rate Mom (%) -0.10 0.4 0.5 0.6 0.6 0.4
Harmonised Consumer Prices (Index Points) 103.30 104 105 106 117 122
Consumer Price Index CPI (Index Points) 102.30 104 104 105 104 107
Core Consumer Prices (Index Points) 101.60 103 104 104 103 105
Core Inflation Rate (%) 0.60 1.1 1.4 1.4 1.6 1.8
GDP Deflator (Index Points) 108.89 112 113 114 115 117
Producer Prices (Index Points) 105.70 105 105 107 108 111
Producer Prices Change (%) 4.50 2.9 2.5 2.3 2.4 2.2
Export Prices (Index Points) 109.60 109 110 110 111 112
Import Prices (Index Points) 110.90 111 112 112 113 115
Food Inflation (%) 0.80 2 2.1 2.3 2.2 2.3
CPI Housing Utilities (Index Points) 105.30 104 102 105 107 110
CPI Transportation (Index Points) 104.20 105 108 108 107 110
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 0.00 0 0 0.25 0.25 0.75
Interbank Rate (%) -0.31 -0.32 -0.32 -0.27 -0.22 -0.22
Money Supply M1 (EUR Million) 1157592.00 1320000 1340000 1360000 1370000 1510000
Money Supply M2 (EUR Million) 1523575.00 1780000 1810000 1830000 1850000 2010000
Money Supply M3 (EUR Million) 1530254.00 1820000 1850000 1870000 1880000 2050000
Banks Balance Sheet (EUR Million) 3688860.93 4050000 4080000 4110000 4150000 4290000
Loans to Private Sector (EUR Million) 696772.00 765000 795000 815000 858000 901000
Private Debt to GDP (%) 168.90 168 168 168 168 166
Central Bank Balance Sheet (EUR Million) 979768.10 1122000 1152000 1201000 1261000 1341000
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (EUR Million) 3843.00 6800 1800 4400 5000 4400
Current Account (EUR Million) 4805.70 2720 4750 3870 3250 2510
Current Account to GDP (%) 2.80 1.5 1.5 1.5 1.5 1.1
Imports (EUR Million) 37287.60 38700 37100 37100 34400 37500
Exports (EUR Million) 41130.98 45500 38900 41500 40400 42900
External Debt (EUR Million) 2139097.00 2230000 2260000 2290000 2320000 2370000
Terms of Trade (Index Points) 98.80 98.2 98.21 98.21 98.23 97.39
Capital Flows (EUR Million) 9983.00 1820 6510 5250 5560 5210
Remittances (EUR Million) 148.20 169 165 165 159 155
Gold Reserves (Tonnes) 2451.80 2452 2452 2452 2452 2452
Tourism Revenues (EUR Million) 2233.92 2500 4500 4700 2400 2500
Crude Oil Production (BBL/D/1K) 83.00 101 101 101 102 103
Foreign Direct Investment (EUR Million) 846.00 -1220 2900 -600 1050 470
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 131.80 126 126 126 126 124
Government Budget (% of GDP) -2.30 -1.2 -1.2 -1.2 -1.2 -0.5
Government Budget Value (EUR Billion) -10.40 -10 4.6 3.8 -5.8 -4.9
Government Spending (EUR Million) 78350.00 79239 79562 79604 79525 80957
Government Spending to GDP (%) 48.90 47 47 47 47 46
Government Revenues (EUR Billion) 43.40 37.6 49.8 38.2 102 105
Government Debt (EUR Million) 2345344.20 2408000 2421000 2439000 2457000 2514000
Fiscal Expenditure (EUR Billion) 53.80 47.6 45.2 34.4 108 110
Asylum Applications (persons) 4810.00 10500 9950 8700 7080 6820
Taxes Actual Q1 Q2 Q3 Q4 2020
Corporate Tax Rate (%) 24.00 24 24 24 24 24
Personal Income Tax Rate (%) 43.00 43 43 43 43 43
Sales Tax Rate (%) 22.00 22 22 22 22 25
Social Security Rate (%) 39.49 39.49 39.49 39.49 39.49 39.49
Social Security Rate For Companies (%) 30.00 30 30 30 30 30
Social Security Rate For Employees (%) 9.49 9.49 9.49 9.49 9.49 9.49
Business Actual Q1 Q2 Q3 Q4 2020
Business Confidence (Index Points) 103.60 104 105 106 105 106
Services PMI (Index Points) 50.50 50.8 54.5 54.2 54.1 54.4
Manufacturing PMI 49.20 47.6 50.7 51.1 53.6 54.1
Industrial Production (%) -2.60 3.2 3 2.6 2.1 2.2
Industrial Production Mom (%) -1.60 0.4 -0.3 0.4 0.3 0.2
Manufacturing Production (%) -2.40 3.2 3 2.8 3.2 2.5
Capacity Utilization (%) 77.90 79.4 79.4 79.2 79.1 78.6
Factory Orders (%) -0.20 2.5 0.9 -1 0.8 0.7
New Orders (Index Points) 108.90 125 121 112 117 119
Zew Economic Sentiment Index -51.90 -22 -8 11 15 18.1
Car Registrations 124078.00 217000 199000 177000 125000 129000
Steel Production (Thousand Tonnes) 2186.00 2250 2020 2060 1540 1560
Mining Production (%) -9.70 3.6 2.9 2.2 2 2
Bankruptcies (Companies) 2949.00 2900 2900 2400 3600 3400
Composite Pmi 50.00 50.4 53.7 54 54.4 54
Electricity Production (Gigawatt-hour) 24827.00 26200 24200 24300 25170 24500
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Confidence (Index Points) 113.10 114 114 113 112 111
Retail Sales MoM (%) 0.70 -0.4 -0.3 0.6 0.5 0.4
Retail Sales YoY (%) 1.60 1.9 2 1.9 2.2 2.1
Consumer Spending (EUR Million) 242025.00 243202 243426 243315 245655 250077
Disposable Personal Income (EUR Million) 295698.00 302000 304000 306000 308000 316000
Personal Savings (%) 8.30 6.7 6.7 6.6 6.5 6.2
Bank Lending Rate (%) 1.94 1.93 1.93 1.98 2.03 2.03
Consumer Credit (EUR Million) 102499.93 115100 120200 125100 132000 145000
Gasoline Prices (USD/Liter) 1.83 1.72 1.68 1.64 1.6 1.6
Households Debt To GDP (% of GDP) 41.00 36.7 36.7 36.7 36.7 34.3
Households Debt To Income (%) 61.12 55.2 55.2 55.2 55.2 53.2
Housing Actual Q1 Q2 Q3 Q4 2020
Construction Output (%) 0.60 2.4 2.3 2.1 1.9 2.2
Housing Index (Index Points) 98.40 103 104 105 105 108
Construction Pmi 52.80 51.5 52 52.5 52.9 52.6
Home Ownership Rate (%) 72.40 71.5 71.5 71.5 71.5 71


This page has economic forecasts for Italy including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Italy economy.