Italy GDP Growth Rate  1960-2018 | Data | Chart | Calendar | Forecast

The Italian economy advanced by 0.3 percent on quarter in the three months to March of 2018, the same pace as in the previous quarter and in line with market expectations. Output expansion was mainly driven by domestic demand as net external demand contributed negatively to growth, with imports being higher than exports. On the production side, services and agriculture expanded, while industry was broadly stagnant.Year-on-year, the gross domestic product expanded 1.4 percent, below 1.6 percent in the previous period but matching market expectations. It was the lowest growth since the first quarter of 2017 when the GDP advanced 1.3 percent. GDP Growth Rate in Italy averaged 0.60 percent from 1960 until 2018, reaching an all time high of 6 percent in the first quarter of 1970 and a record low of -2.80 percent in the first quarter of 2009.

Italy GDP Growth Rate
width
height
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.




Italy GDP Growth Steady at 0.3% in Q1, Matches Forecasts


The Italian economy advanced by 0.3 percent on quarter in the three months to March of 2018, the same pace as in the previous quarter and in line with market expectations.

The expansion was primarily driven by domestic demand as net external demand contributed negatively to growth, with imports being higher than exports.

On the production side, services and agriculture expanded, while industry was broadly stagnant.

Year-on-year, the economy advanced 1.4 percent, below 1.6 percent in the previous period and marking the slowest growth since the first quarter of 2017.

The government forecasts 2018 growth at 1.5 percent which would be the same rate of 2017 and the strongest since 2010. In 2019, the GDP is seen slowing to 1.4 percent, mainly due to negative effect of planned increases in sales tax on the economy.


Istat | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
5/2/2018 11:01:12 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-02-14 09:00 AM GDP Growth Rate QoQ Adv 0.3% 0.4% 0.3% 0.5%
2018-03-02 09:00 AM GDP Growth Rate QoQ Final 0.3% 0.4% 0.3% 0.3%
2018-05-02 09:00 AM GDP Growth Rate QoQ Adv 0.3% 0.3% 0.3% 0.4%
2018-06-01 08:00 AM GDP Growth Rate QoQ Final 0.3% 0.3% 0.3%
2018-07-31 10:00 AM GDP Growth Rate QoQ Adv 0.4%
2018-08-31 10:00 AM GDP Growth Rate QoQ Final


Italy GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.30 0.30 6.00 -2.80 percent [+]
GDP Annual Growth Rate 1.40 1.60 10.30 -7.20 percent [+]
GDP 1849.97 1824.90 2390.73 40.39 USD Billion [+]
GDP Constant Prices 402272.20 401114.30 425734.70 294839.30 EUR Million [+]
Gross Fixed Capital Formation 73424.20 72166.10 93540.90 52865.10 EUR Million [+]
GDP per capita 34283.70 33911.93 38236.80 10867.70 USD [+]
GDP per capita PPP 34620.13 34244.71 38612.01 31141.90 USD [+]
GDP From Agriculture 6836.00 6889.00 7939.90 6493.70 EUR Million [+]
GDP From Construction 16267.00 16142.00 24471.60 15840.00 EUR Million [+]
GDP From Manufacturing 69447.00 68836.00 79020.00 61759.00 EUR Million [+]
GDP From Services 270249.00 269778.00 272080.50 224998.40 EUR Million [+]


Italy GDP Growth Rate

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 May of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.30 6.00 -2.80 1960 - 2018 percent Quarterly
SA




GDP growth rate by Country
Country Last
United States 2.30 Mar/18
India 1.80 Dec/17
Turkey 1.80 Dec/17
China 1.40 Mar/18
Mexico 1.10 Mar/18
South Korea 1.10 Mar/18
Spain 0.70 Mar/18
Switzerland 0.60 Dec/17
Netherlands 0.50 Mar/18
Australia 0.40 Dec/17
Canada 0.40 Dec/17
Euro Area 0.40 Mar/18
France 0.30 Mar/18
Germany 0.30 Mar/18
Italy 0.30 Mar/18
Brazil 0.10 Dec/17
United Kingdom 0.10 Mar/18
Japan -0.20 Mar/18
Russia -0.38 Dec/17
Indonesia -0.42 Mar/18


Related

Latest