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 December of 2017, matching the preliminary estimate and slightly below a 0.4 percent rise in the previous quarter. It was the slowest growth since the third quarter of 2016, as household consumption and fixed investment rose less while government spending recovered slightly. In 2017, the GDP rose by a non-seasonally adjusted 1.5 percent, above a preliminary estimate of 1.4 percent and following a 0.9 percent increase in 2016. After adjustments for the number of days worked, 2017 growth came in at 1.5 percent. It was the fastest expansion since 2010, but still below the Eurozone's average of 2.5 percent. 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 Weakest Since Q3 2016


The Italian economy advanced by 0.3 percent on quarter in the three months to December of 2017, matching the preliminary estimate and slightly below a 0.4 percent rise in the previous quarter. It was the slowest growth since the third quarter of 2016, as household consumption and fixed investment rose less while government spending recovered slightly.

Output slowed for household consumption (0.1 percent vs 0.4 percent in Q3) and gross fixed capital formation (1.7 percent vs 3.2 percent), mostly due to a lower increase in investment in machinery and equipment (1.3 percent vs 5.9 percent). On the other hand, government spending rebounded slightly (0.1 percent vs -0.1 percent).

Meantime, exports grew at the same pace (2 percent) while imports went up less (1 percent vs 1.9 percent).

On the production side, activities advanced at the same rate for services (0.2 percent) while slowed for industry (0.9 percent vs 1.3 percent). Meantime, the agricultural sector contracted less (-0.8 percent vs -2.4 percent).

Year-on-year, the economy grew 1.6 percent, in line with the preliminary figure but below 1.7 percent in the previous period. 

Considering whole 2017, the GDP rose by a non-seasonally adjusted 1.5 percent, above a preliminary estimate of 1.4 percent and following a 0.9 percent increase in 2016. After adjustments for the number of days worked, 2017 growth came in at 1.5 percent. It was the fastest expansion since 2010 when it climbed 1.7 percent, but still below the Eurozone's average of 2.5 percent.


Istat | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
3/2/2018 11:29:29 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-12-01 09:00 AM GDP Growth Rate QoQ Final 0.4% 0.3% 0.5% 0.5%
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% 0.40%
2018-06-01 08:00 AM GDP Growth Rate QoQ Final 0.3%
2018-07-31 10:00 AM GDP Growth Rate QoQ Adv 0.40%


Italy GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.30 0.40 6.00 -2.80 percent [+]
GDP Annual Growth Rate 1.60 1.70 10.30 -7.20 percent [+]
GDP 1849.97 1824.90 2390.73 40.39 USD Billion [+]
GDP Constant Prices 401108.90 399860.20 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 April of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.40 6.00 -2.80 1960 - 2017 percent Quarterly
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GDP growth rate by Country
Country Last
United States 2.90 Dec/17
India 1.80 Dec/17
Turkey 1.80 Dec/17
China 1.40 Mar/18
Mexico 0.80 Dec/17
Netherlands 0.80 Dec/17
France 0.70 Dec/17
Spain 0.70 Dec/17
Euro Area 0.60 Dec/17
Germany 0.60 Dec/17
Switzerland 0.60 Dec/17
Australia 0.40 Dec/17
Canada 0.40 Dec/17
Japan 0.40 Dec/17
United Kingdom 0.40 Dec/17
Italy 0.30 Dec/17
Brazil 0.10 Dec/17
South Korea -0.20 Dec/17
Russia -0.38 Dec/17
Indonesia -1.70 Dec/17


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