Italy GDP Growth Rate

Last Release

Dec 31, 2024

Actual

Units In

Frequency

Quarterly

Next Release

May 30, 2025

Time to Release

2 Months 22 Days 18 Hours

Highest	Lowest	Average	Date Range	Source
16 Sep 2020	-13.1 Jun 2020	0.56 %	1960-2024	National Institute of Statistics (ISTAT)

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.

Latest Updates

The Italian gross domestic product edged higher by 0.1% from the previous quarter in the final three months of 2024, revised higher from earlier expectations of a stall and in line with the initial market estimates, to reflect some traction in domestic output following the stall in the third quarter. Fixed gross investment expanded by 0.4% to erase the 0.4% decline in the earlier period. Also, consumption rose by 0.1% after rising by 0.4% in the earlier period, lifted by private consumption (0.1%) as government expenditure remained unchanged. In the meantime, net foreign demand edged higher by 0.1%, trimming the 0.5% plunge in the previous quarter. From the previous year, the Italian GDP expanded by 0.6%.