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

The Italian economy advanced 0.5 percent on quarter in the third quarter of 2017, higher than a downwardly revised 0.3 percent rise in the previous period and beating market expectations of 0.4 percent. The expansion was driven by firm domestic demand and rising exports. On the production side, industry and services expanded, while agriculture contracted. 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 -2.80 percent in the first quarter of 2009.

Italy GDP Growth Rate
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Italy GDP Growth Beats Forecasts in Q3


The Italian economy advanced 0.5 percent on quarter in the third quarter of 2017, higher than a downwardly revised 0.3 percent rise in the previous period and beating market expectations of 0.4 percent. The expansion was driven by firm domestic demand and rising exports. On the production side, industry and services expanded, while agriculture contracted.

Year-on-year, the economy advanced 1.8 percent, above 1.5 percent in the previous period and marking the fastest growth rate since the first quarter of 2011.

The government forecasts 2017 growth at 1.5 percent which would be the strongest rate since 2010.

Joana Taborda | joana.taborda@tradingeconomics.com
11/14/2017 9:29:20 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-08-16 08:00 AM GDP Growth Rate QoQ Adv 0.4% 0.4% 0.4% 0.4%
2017-09-01 08:00 AM GDP Growth Rate QoQ Final 0.4% 0.4% 0.4% 0.4%
2017-11-14 09:00 AM GDP Growth Rate QoQ Adv 0.5% 0.3% 0.4% 0.4%
2017-12-01 09:00 AM GDP Growth Rate QoQ Final 0.3% 0.5% 0.5%


Italy GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.50 0.30 6.00 -2.80 percent [+]
GDP Annual Growth Rate 1.80 1.50 10.30 -7.20 percent [+]
GDP 1849.97 1824.90 2390.73 40.39 USD Billion [+]
GDP Constant Prices 400547.00 398540.60 425734.70 294839.30 EUR Million [+]
Gross Fixed Capital Formation 69263.90 68669.20 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 7159.50 7334.50 7939.90 6493.70 EUR Million [+]
GDP From Construction 15958.90 16039.50 24471.60 15846.10 EUR Million [+]
GDP From Manufacturing 68046.80 67511.80 79020.00 61759.00 EUR Million [+]
GDP From Services 268936.00 268019.00 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 November of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.30 6.00 -2.80 1960 - 2017 percent Quarterly
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GDP growth rate by Country
Country Last
Indonesia 3.18 Sep/17
United States 3.00 Sep/17
Turkey 2.10 Jun/17
China 1.70 Sep/17
India 1.40 Jun/17
South Korea 1.40 Sep/17
Canada 1.10 Jun/17
Russia 1.08 Jun/17
Australia 0.80 Jun/17
Germany 0.80 Sep/17
Spain 0.80 Sep/17
Euro Area 0.60 Sep/17
France 0.50 Sep/17
Italy 0.50 Sep/17
Netherlands 0.40 Sep/17
United Kingdom 0.40 Sep/17
Japan 0.30 Sep/17
Switzerland 0.30 Jun/17
Brazil 0.20 Jun/17
Mexico -0.20 Sep/17