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 June of 2017, the same pace as in the previous period and in line with market expectations, the preliminary estimate showed. The expansion was driven by domestic demand, while trade flows were a drag on growth. Compared with the same quarter of 2016, the economy advanced 1.5 percent, the most in six years. 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
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Italian Economy Grows 0.4% in Q2


Italy's gross domestic product grew 0.4 percent on quarter in the three months to June of 2017, the same pace as in the previous period and in line with market expectations, the preliminary estimate showed.

The expansion was driven by domestic demand, while trade flows were a drag on growth. On the production side, industry and services activity expanded, while agriculture contracted.

Compared with the same quarter a year earlier, the economy expanded 1.5 percent after growing 1.2 percent in the previous period and beating market consensus of 1.4 percent. It was the strongest pace of expansion since the second quarter of 2011.

Italy's government forecasts 2017 growth of 1.1 percent, up from the 0.9 percent advance seen last year.

Istat | Joana Ferreira | joana.ferreira@tradingeconomics.com
8/16/2017 8:12:52 AM



Calendar GMT Actual Previous Consensus Forecast (i)
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% 0.4% 0.4% 0.4%
2017-09-01 08:00 AM Q2 0.4% 0.4% 0.4%
2017-11-14 09:00 AM Q3 0.4%
2017-12-01 09:00 AM Q3 0.4%


Italy GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.40 0.40 6.00 -2.90 percent [+]
GDP Annual Growth Rate 1.50 1.20 10.30 -7.10 percent [+]
GDP 1849.97 1824.90 2390.73 40.39 USD Billion [+]
GDP Constant Prices 397457.80 395782.59 424823.77 294839.30 EUR Million [+]
Gross Fixed Capital Formation 68602.49 69125.56 93295.10 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 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 August of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.40 6.00 -2.90 1960 - 2017 percent Quarterly
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gdp growth rate by Country

Last
Indonesia 4.00 Jun/17
United States 2.60 Jun/17
China 1.70 Jun/17
India 1.50 Mar/17
Netherlands 1.50 Jun/17
Turkey 1.40 Mar/17
Brazil 1.00 Mar/17
Japan 1.00 Jun/17
Canada 0.90 Mar/17
Spain 0.90 Jun/17
Euro Area 0.60 Jun/17
Germany 0.60 Jun/17
Mexico 0.60 Jun/17
South Korea 0.60 Jun/17
France 0.50 Jun/17
Italy 0.40 Jun/17
Australia 0.30 Mar/17
Switzerland 0.30 Mar/17
United Kingdom 0.30 Jun/17
Russia -0.57 Sep/15