Italy GDP Growth Rate  1960-2017 | Data | Chart | Calendar | Forecast

Italy's gross domestic product grew 0.4 percent on quarter in the three months to March of 2017, above the preliminary estimate of 0.2 percent and compared with an upwardly revised 0.3 percent expansion in the previous period. It was the strongest growth rate in one year, driven by firm consumer spending and an increase in inventories while net trade contributed negatively. GDP Growth Rate in Italy averaged 0.60 percent from 1960 until 2017, reaching an all time high of 6 percent in the first quarter of 1970 and a record low of -2.90 percent in the first quarter of 2009.

Italy GDP Growth Rate
Receive the next reported value for Italy GDP Growth Rate in you Inbox



We will not not share your email with third parties and you can unsubscribe at any time.
Please Paste this Code in your Website
Calendar GMT Actual Previous Consensus Forecast (i)
2017-03-03 09:00 AM Q4 0.2% 0.3% 0.2% 0.2%
2017-05-16 08:00 AM Q1 0.2% 0.2% 0.2% 0.3%
2017-06-01 08:00 AM Q1 0.4% 0.3% 0.2% 0.2%
2017-08-16 08:00 AM Q2 0.4% 0.3%
2017-09-01 08:00 AM Q2 0.4% 0.3%
2017-11-14 09:00 AM Q3 0.3%




Italy Q1 GDP Growth Revised Up To 0.4%


Italy's gross domestic product grew 0.4 percent on quarter in the three months to March of 2017, above the preliminary estimate of 0.2 percent and compared with an upwardly revised 0.3 percent expansion in the previous period. It was the strongest growth rate in one year, driven by firm consumer spending and an increase in inventories while net trade contributed negatively.

From the expenditure side, the positive contribution to GDP growth came from inventory changes (0.4 percentage points) and final domestic demand (0.3 percentage points), namely consumer spending (0.3 percentage points) and government spending (0.1 percentage points). In contrast, net exports subtracted 0.2 percentage points from growth and fixed investment subtracted 0.1 percentage points.

Household expenditure grew 0.5 percent (0.1 percent in Q4 2016) and government spending rose 0.5 percent (0.6 percent in Q4). Meanwhile, net external demand contributed negatively as exports went up 0.7 percent (1.9 percent in Q4) while imports increased at a much faster 1.6 percent (2.3 percent in Q4). Gross fixed capital formation contracted by 0.8 percent (1.2 percent in Q4), dragged by lower investment in machinery and equipment (-2.2 percent from 0.3 percent in Q4) and transport equipment (-0.8 percent from 12.6 percent in Q4). Investment in construction rose 0.6 percent (0.4 percent in Q4).

From the production side, service sector grew 0.6 percent (0.3 percent in Q4); and agriculture rebounded 4.2 percent (-3.6 percent in Q4). By contrast industrial output shrank 0.3 percent percent (0.9 percent in Q4), as manufacturing fell 0.5 percent (0.9 percent in Q4) while construction expanded 0.5 percent (0.8 percent in Q4).

Compared with the same period of 2016, the economy expanded 1.2 percent, following a 1.1 percent growth in the previous period and above a preliminary reading of 0.8 percent.

The government of Prime Minister Paolo Gentiloni forecasts growth this year of 1.1 percent, up from 0.9 percent in 2016.


Istat | Joana Ferreira | joana.ferreira@tradingeconomics.com
6/1/2017 8:53:06 AM



Italy GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.40 0.30 6.00 -2.90 percent [+]
GDP Annual Growth Rate 1.20 1.10 10.30 -7.10 percent [+]
GDP 1821.50 2149.81 2390.73 40.39 USD Billion [+]
GDP Constant Prices 395782.59 394052.87 424823.77 294839.30 EUR Million [+]
Gross Fixed Capital Formation 68602.49 69125.56 93295.10 52865.10 EUR Million [+]
GDP per capita 33889.20 33610.66 38239.07 10868.35 USD [+]
GDP per capita PPP 34219.76 33938.46 38612.01 31141.90 USD [+]
GDP From Agriculture 7319.10 7025.30 7857.80 6480.20 EUR Million [+]
GDP From Construction 16062.60 15990.80 24295.40 15824.70 EUR Million [+]
GDP From Manufacturing 67749.20 68118.90 78814.70 62017.90 EUR Million [+]
GDP From Services 266361.00 264815.00 272080.50 224998.40 EUR Million [+]


Italy GDP Growth Rate Notes

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. This page provides - Italy GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Italy GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on June of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.30 6.00 -2.90 1960 - 2017 percent Quarterly
SA



gdp growth rate by Country

Last
India 1.50 Mar/17
Turkey 1.40 Mar/17
China 1.30 Mar/17
United States 1.20 Mar/17
South Korea 1.10 Mar/17
Brazil 1.00 Mar/17
Canada 0.90 Mar/17
Spain 0.80 Mar/17
Mexico 0.70 Mar/17
Euro Area 0.60 Mar/17
Germany 0.60 Mar/17
France 0.50 Mar/17
Italy 0.40 Mar/17
Netherlands 0.40 Mar/17
Australia 0.30 Mar/17
Japan 0.30 Mar/17
Switzerland 0.30 Mar/17
United Kingdom 0.20 Mar/17
Indonesia -0.34 Mar/17
Russia -0.57 Sep/15