The Gross Domestic Product (GDP) in Italy expanded 3.90 percent in the third quarter of 2021 over the same quarter of the previous year. source: National Institute of Statistics (ISTAT)

GDP Annual Growth Rate in Italy averaged 2.25 percent from 1961 until 2021, reaching an all time high of 17 percent in the second quarter of 2021 and a record low of -18.20 percent in the second quarter of 2020. This page provides the latest reported value for - Italy GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Italy GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on January of 2022.

GDP Annual Growth Rate in Italy is expected to be 4.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Italy GDP Annual Growth Rate is projected to trend around 2.20 percent in 2022 and 2.30 percent in 2023, according to our econometric models.

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Italy GDP Annual Growth Rate

Calendar GMT Actual Previous Consensus TEForecast
2021-10-29 08:00 AM YoY Adv Q3 3.8% 17% 3% 3.4%
2021-11-30 09:00 AM YoY Final Q3 3.9% 17% 3.8% 3.8%
2022-01-31 09:00 AM YoY Adv Q4 3.9% 3.4%

Related Last Previous Unit Reference
GDP Growth Rate 2.60 2.70 percent Sep/21
GDP Annual Growth Rate 3.90 17.00 percent Sep/21
GDP Constant Prices 425022.20 414230.40 EUR Million Sep/21
Gross Fixed Capital Formation 82884.30 81563.40 EUR Million Sep/21
GDP From Services 281296.00 272073.00 EUR Million Sep/21
GDP From Manufacturing 75304.00 74725.00 EUR Million Sep/21
GDP From Construction 19224.00 19109.00 EUR Million Sep/21
GDP From Agriculture 7733.00 7895.00 EUR Million Sep/21
Italy GDP Annual Growth Rate
Italy is the second largest manufacturing economy in Europe and the third largest economy in the Euro Area. 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.