The Italian GDP expanded by 0.6% from the corresponding period of the previous year in the first quarter of 2024, slowing slightly from the 0.7% expansion in the earlier period, but firmly above market expectations of a 0.4% growth rate. source: National Institute of Statistics (ISTAT)

The Gross Domestic Product (GDP) in Italy expanded 0.60 percent in the first quarter of 2024 over the same quarter of the previous year. GDP Annual Growth Rate in Italy averaged 2.30 percent from 1961 until 2024, reaching an all time high of 18.10 percent in the second quarter of 2021 and a record low of -17.60 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 May of 2024.

The Gross Domestic Product (GDP) in Italy expanded 0.60 percent in the first quarter of 2024 over the same quarter of the previous year. GDP Annual Growth Rate in Italy is expected to be 0.90 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 1.20 percent in 2025 and 1.30 percent in 2026, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-03-05 09:00 AM YoY Final Q4 0.6% 0.5% 0.5% 0.5%
2024-04-30 08:00 AM YoY Adv Q1 0.6% 0.7% 0.4% 0.3%
2024-05-31 08:00 AM YoY Final Q1 0.7% 0.6% 0.6%


Related Last Previous Unit Reference
Full Year GDP Growth 0.90 4.00 percent Dec 2023
GDP Growth Rate YoY 0.60 0.70 percent Mar 2024
GDP Constant Prices 448551.10 447810.00 EUR Million Dec 2023
GDP from Agriculture 7637.50 7664.00 EUR Million Dec 2023
GDP from Construction 23331.20 22283.00 EUR Million Dec 2023
GDP from Manufacturing 76232.50 76125.00 EUR Million Dec 2023
GDP from Services 298738.10 298945.00 EUR Million Dec 2023
GDP Growth Rate 0.30 0.10 percent Mar 2024
Gross Fixed Capital Formation 101298.50 98928.00 EUR Million Dec 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
0.60 0.70 18.10 -17.60 1961 - 2024 percent Quarterly
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