Italy’s gross domestic product grew by 0.1 percent on the quarter in the three months leading to March of 2022, following an upwardly revised 0.7 percent rise in the previous period and compared to preliminary estimates of a 0.2 percent contraction. It marked the fifth consecutive quarter of expansion, carried by a 3.9 percent advance in gross fixed investments. Further, inventories were neutral to the total value. On the other hand, national consumption contracted by 0.6 percent, while imports were up 4.3 percent and exports gained 3.5 percent, bringing the net foreign demand to subtract 0.3 percentage points to growth. Year-on-year, the economy advanced 6.2 percent, ahead of previous estimates of 5.8 percent growth and compared to a 6.4 percent expansion in the prior period. source: National Institute of Statistics (ISTAT)
GDP Growth Rate in Italy averaged 0.57 percent from 1960 until 2022, reaching an all time high of 16.10 percent in the third quarter of 2020 and a record low of -12.60 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 July of 2022.
GDP Growth Rate in Italy is expected to be -0.10 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 0.40 percent in 2023, according to our econometric models.