Italy’s gross domestic product grew by 2.6 percent quarter-on-quarter in the three months to September of 2021, following a 2.7 percent rise in the previous period and easily beating market expectations of a 2 percent expansion, a preliminary estimate showed. It is the third consecutive quarter of growth, as the Italian economy saw a strong recovery in the service sector as higher vaccination rates curbed restrictions on businesses and internal movement. Year-on-year, the GDP advanced 3.8 percent, compared to the 17 percent growth rate from the previous quarter as low base effects start to fade. source: National Institute of Statistics (ISTAT)
GDP Growth Rate in Italy averaged 0.57 percent from 1960 until 2021, reaching an all time high of 16 percent in the third quarter of 2020 and a record low of -13.10 percent in the second quarter of 2020. This page provides - Italy GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Italy GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on November of 2021.
GDP Growth Rate in Italy is expected to be 1.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Italy GDP Growth Rate is projected to trend around 0.60 percent in 2022 and 0.40 percent in 2023, according to our econometric models.