Markets Actual Q4 Q1 Q2 Q3 2022
Currency 1.13 1.13 1.12 1.12 1.11 1.1
Stock Market (points) 26110.64 25085 24447 23827 23222 22056
Government Bond 10Y (%) 0.99 1.04 1.12 1.2 1.29 1.48

Overview Actual Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) 2.60 1.4 1 0.8 0.7 0.6
GDP Annual Growth Rate (%) 3.80 4.5 2.6 1 1.2 2.2
Unemployment Rate (%) 9.20 9.2 9.4 9.3 9.2 9.4
Inflation Rate (%) 3.00 3.4 3 2.5 1.8 1.2
Inflation Rate Mom (%) 0.70 0.2 0.3 0.4 -0.3 0.5
Interest Rate (%) 0.00 0 0 0 0 0.1
Balance of Trade (EUR Million) 2454.00 3900 4900 5400 7700 9100
Current Account (EUR Million) 4681.40 4920 2230 2860 4700 2870
Current Account to GDP (% of GDP) 3.60 3.5 3.2 3.2 3.2 3.2
Government Debt to GDP (% of GDP) 155.80 160 157 157 157 157
Government Budget (% of GDP) -9.50 -12 -6 -6 -6 -6
Business Confidence (points) 116.00 109 111 108 105 102
Manufacturing PMI (points) 61.10 58.5 54.5 55.1 55.5 55
Services PMI (points) 52.40 54.9 53.6 54 54.4 55
Consumer Confidence (points) 117.50 114 108 110 107 105
Retail Sales MoM (%) 0.80 0.6 0.9 0.7 -0.8 0.5
Corporate Tax Rate (%) 24.00 24 24 24 24 24
Personal Income Tax Rate (%) 43.00 43 43 43 43 43

GDP Actual Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) 2.60 1.4 1 0.8 0.7 0.6
GDP Annual Growth Rate (%) 3.80 4.5 2.6 1 1.2 2.2
GDP (USD Billion) 1886.45 1920 2000 2000 2000 2000
GDP Constant Prices (EUR Million) 425022.20 420570 414001 418373 430122 429823
Gross Fixed Capital Formation (EUR Million) 81563.40 79825 81580 82379 82542 81581
GDP per capita (USD) 29287.08 34600 35200 35200 35200 35200
GDP per capita PPP (USD) 38992.15 40600 41200 41200 41200 41200
GDP From Agriculture (EUR Million) 7891.60 7938 8100 7971 7986 8112
GDP From Construction (EUR Million) 19067.60 18343 18957 19258 19296 18747
GDP From Manufacturing (EUR Million) 74337.90 75931 75491 75081 75230 77601
GDP From Services (EUR Million) 272197.40 277349 271214 274919 275464 283451

Labour Actual Q4 Q1 Q2 Q3 2022
Unemployment Rate (%) 9.20 9.2 9.4 9.3 9.2 9.4
Employed Persons (Thousand ) 22859.73 23270 23400 23500 23550 23600
Unemployed Persons (Thousand ) 2292.56 2310 2290 2280 2250 2210
Employment Rate (%) 58.10 58.4 58.6 58.7 58.8 58.9
Labor Force Participation Rate (%) 64.20 64.8 64.7 64.8 64.9 65.1
Long Term Unemployment Rate (%) 5.60 5.6 5.8 5.7 5.6 5.8
Youth Unemployment Rate (%) 29.80 29.8 30 29.9 29.8 30
Labour Costs (points) 113.80 115 110 114 115 111
Wages (EUR/Month) 2333.00 2580 2359 2361 2359 2392
Wages in Manufacturing (points) 104.60 105 105 106 106 106
Wage Growth (%) 0.60 1.1 1.2 1.1 1.3 1.4
Population (Million) 59.64 59.4 59.1 59.1 59.1 59.1
Retirement Age Women 67.00 67 67 67 67 67
Retirement Age Men 67.00 67 67 67 67 67
Employment Change (%) 1.50 0.5 0.6 0.4 0.3 0.4

Prices Actual Q4 Q1 Q2 Q3 2022
Inflation Rate (%) 3.00 3.4 3 2.5 1.8 1.2
Inflation Rate Mom (%) 0.70 0.2 0.3 0.4 -0.3 0.5
Consumer Price Index CPI (points) 105.50 106 107 107 107 107
Harmonised Consumer Prices (points) 106.50 109 107 108 108 108
Core Consumer Prices (points) 103.90 105 105 105 105 105
Core Inflation Rate (%) 1.10 1.1 1.2 1.1 1.3 1.4
GDP Deflator (points) 106.27 109 109 109 108 111
Producer Prices (points) 121.40 113 120 119 121 117
Producer Prices Change (%) 20.40 17.2 15.4 10.2 6.5 1.9
Food Inflation (%) 1.10 1.2 1.5 1.4 1.5 1.7
CPI Housing Utilities (points) 111.10 105 106 107 110 106
CPI Transportation (points) 110.20 110 111 111 111 111

Money Actual Q4 Q1 Q2 Q3 2022
Interest Rate (%) 0.00 0 0 0 0 0.1
Interbank Rate (%) -0.55 -0.55 -0.55 -0.55 -0.55 -0.45
Money Supply M2 (EUR Million) 1873253.00 1890000 1940000 1950000 1970000 1990000
Banks Balance Sheet (EUR Million) 3960247.75 4030000 4080000 4110000 4130000 4150000
Loans to Private Sector (EUR Million) 657850.00 675000 674000 673200 676000 681000
Private Debt to GDP (%) 180.00 177 175 175 175 175
Central Bank Balance Sheet (EUR Million) 1555269.60 1581000 1591000 1604000 1615000 1631000

Trade Actual Q4 Q1 Q2 Q3 2022
Balance of Trade (EUR Million) 2454.00 3900 4900 5400 7700 9100
Current Account (EUR Million) 4681.40 4920 2230 2860 4700 2870
Current Account to GDP (% of GDP) 3.60 3.5 3.2 3.2 3.2 3.2
Imports (EUR Million) 42347.12 34600 42900 36100 41200 37100
Exports (EUR Million) 44801.10 42400 47800 41500 48900 46200
External Debt (EUR Million) 2362795.00 2410000 2420000 2440000 2445000 2450000
Capital Flows (EUR Million) -3483.20 2980 1850 3040 1980 3020
Gold Reserves (Tonnes) 2451.84 2452 2452 2452 2452 2452
Tourism Revenues (EUR Million) 3925.37 1900 1720 3640 3800 2300
Crude Oil Production (BBL/D/1K) 104.00 90 110 100 88 105
Foreign Direct Investment (EUR Million) 736.00 980 2420 2690 2980 510

Government Actual Q4 Q1 Q2 Q3 2022
Government Debt to GDP (% of GDP) 155.80 160 157 157 157 157
Government Budget (% of GDP) -9.50 -12 -6 -6 -6 -6
Government Budget Value (EUR Billion) -11.79 -41 -47 -25 -23 -23
Government Spending (EUR Million) 81219.50 86007 83993 82032 82194 87899
Government Spending to GDP (% of GDP) 57.30 59 53 53 53 53
Government Revenues (EUR Billion) 64.87 89 37 34 36 96
Government Debt (EUR Million) 2706434.10 2734000 2745000 2755000 2764000 2774000
Fiscal Expenditure (EUR Billion) 76.66 130 84 59 59 119

Taxes Actual Q4 Q1 Q2 Q3 2022
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 22
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 Q4 Q1 Q2 Q3 2022
Business Confidence (points) 116.00 109 111 108 105 102
Manufacturing PMI (points) 61.10 58.5 54.5 55.1 55.5 55
Services PMI (points) 52.40 54.9 53.6 54 54.4 55
Industrial Production (%) 4.40 4.6 3.2 3.8 3.2 3.4
Industrial Production Mom (%) 0.10 0.6 0.8 0.8 -1 0.5
Manufacturing Production (%) 5.60 5 3.4 4.2 4 3.8
Capacity Utilization (%) 78.00 77.5 77.8 78 78.2 78
Car Registrations 101015.00 122000 175200 156000 184000 145000
Mining Production (%) -6.30 4.5 3.4 4.1 3.6 3.2
Bankruptcies (Companies) 2539.00 3600 3200 3400 3000 3200
Composite PMI (points) 54.20 54.5 54.1 54.6 54.8 55.1

Consumer Actual Q4 Q1 Q2 Q3 2022
Consumer Confidence (points) 117.50 114 108 110 107 105
Retail Sales MoM (%) 0.80 0.6 0.9 0.7 -0.8 0.5
Retail Sales YoY (%) 5.30 5.6 3.8 4.6 3.8 3.2
Consumer Spending (EUR Million) 244543.90 246019 239019 246989 247478 251431
Disposable Personal Income (EUR Million) 294585.00 300441 301159 297531 298120 307050
Personal Savings (%) 12.90 13.8 12.6 12.4 12.2 12
Households Debt To GDP (% of GDP) 45.50 49 47 47 47 47
Households Debt To Income (%) 64.36 70 66 66 66 66
Bank Lending Rate (%) 1.66 1.66 1.66 1.66 1.66 1.76
Consumer Credit (EUR Million) 111367.92 115008 112919 109952 112704 117538
Gasoline Prices (USD/Liter) 2.10 2 1.9 1.8 1.71 1.62

Housing Actual Q4 Q1 Q2 Q3 2022
Construction Output (%) 10.50 5.6 3.2 4.5 3.4 2.7
Housing Index (points) 102.80 102 101 103 104 105
Construction PMI (points) 58.60 53.4 55 53.2 54 53.8
Home Ownership Rate (%) 72.40 70 67 67 67 67


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Italy Forecast - was last updated on Monday, November 29, 2021.