Italy's economy stagnated in the second quarter of 2019, after a 0.1 percent growth in the previous three-month period and in line with a preliminary estimate and market expectations, final data showed. A contraction in industrial and agriculture activities offset a rise in the services sector. On the expenditure side, trade, household consumption and government spending made zero contribution to growth while a positive contribution from investment was offset by inventories. GDP Growth Rate in Italy averaged 0.59 percent from 1960 until 2019, reaching an all time high of 6 percent in the first quarter of 1970 and a record low of -2.70 percent in the first quarter of 2009.

GDP Growth Rate in Italy is expected to be 0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Italy to stand at 0.30 in 12 months time. In the long-term, the Italy GDP Growth Rate is projected to trend around 0.60 percent in 2020, according to our econometric models.

Italy GDP Growth Rate
width
height
Forecast Data Chart
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.


Calendar GMT Actual Previous Consensus TEForecast
2019-04-30 10:00 AM GDP Growth Rate QoQ Adv Q1 0.2% -0.1% 0.1% -0.1%
2019-05-31 08:00 AM GDP Growth Rate QoQ Final Q1 0.1% -0.1% 0.2% 0.2%
2019-07-31 10:00 AM GDP Growth Rate QoQ Adv Q2 0% 0.1% -0.1% 0.0%
2019-08-30 10:00 AM GDP Growth Rate QoQ Final Q2 0% 0.1% 0% 0%
2019-10-31 11:00 AM GDP Growth Rate QoQ Adv Q3 0% 0.2%
2019-11-29 11:00 AM GDP Growth Rate QoQ Final Q3 0% 0.2%


Italy GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.00 0.10 6.00 -2.70 percent [+]
GDP Annual Growth Rate -0.10 -0.10 10.30 -7.20 percent [+]
GDP 2073.90 1946.57 2390.73 40.39 USD Billion [+]
GDP Constant Prices 403786.00 403659.00 425552.00 294839.30 EUR Million [+]
Gross Fixed Capital Formation 76093.00 74696.40 93562.20 52865.10 EUR Million [+]
GDP per capita 35391.70 35029.40 38236.80 10867.70 USD [+]
GDP per capita PPP 35739.00 35373.20 38612.00 31141.90 USD [+]
GDP From Agriculture 7111.00 7195.00 7937.20 6494.70 EUR Million [+]
GDP From Construction 16737.00 16813.00 24477.10 15831.00 EUR Million [+]
GDP From Manufacturing 70324.00 70605.00 78895.40 61823.30 EUR Million [+]
GDP From Services 271777.00 271374.00 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 October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.00 0.10 6.00 -2.70 1960 - 2019 percent Quarterly
SA




Country Last Previous
Indonesia 4.20 Jun/19
South Africa 3.10 Jun/19
United States 2.00 Jun/19
China 1.50 Sep/19
Turkey 1.20 Jun/19
India 1.00 Jun/19
South Korea 1.00 Jun/19
Canada 0.90 Jun/19
Singapore 0.60 Sep/19
Australia 0.50 Jun/19
Brazil 0.40 Jun/19
Netherlands 0.40 Jun/19
Spain 0.40 Jun/19
France 0.30 Jun/19
Japan 0.30 Jun/19
Switzerland 0.30 Jun/19
Euro Area 0.20 Jun/19
Russia 0.20 Jun/19
Italy 0.00 Jun/19
Mexico 0.00 Jun/19
Germany -0.10 Jun/19
United Kingdom -0.20 Jun/19
Argentina -0.30 Jun/19
Saudi Arabia -1.30 Mar/19


Related

Latest