Headline deficits narrow as growth resumes and fiscal settings normalise, to 3% of GDP in 2023 from nearly 11% this year. LinkedIn GDP Growth Rate in 2017 was 1.50%, representing a change of 32,786,789,627 US$ over 2016, when Real GDP was $2,085,992,358,269. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook CO2 emissions (metric tons per capita) Details. If you use our datasets on your site or blog, we ask that you provide attribution via a link back to this page. Italy - GDP (billions of Euros) Massive rebound in Q3 on easing restrictions surpasses market expectations. Publish your articles and forecasts in our website. As a Premium user you get access to the detailed source references and background information about this statistic. Projects & Operations; Finances; Climate; GDP (current US$) Details. Italy's GDP shrank by 12.8 percent on quarter in the three months to June 2020, compared to a preliminary reading of a 12.4 percent plunge and following a revised 5.5 percent contraction in the previous period. Label. Learn more about how Statista can support your business. GDP growth forecast for 2020 according to different sources in Italy [Graph]. 1960-2020 Data | 2021-2022 Forecast | Calendar | Historical. GNI per capita, Atlas method (current US$) Details. Italy GDP (Gross Domestic Product) was INT$2,062.78billion for 2019 in PPP terms. Both consumer spending (-6.7 percent vs -4 percent in Q1) and gross fixed capital formation (-2.6 percent vs -1.4 percent) declined at a faster pace, while government expenditure went down 0.2 percent, the same as in the prior period. Corporate solution including all features. Year-on-year, the economy contracted a record 17.7 percent, entering a steep recession. In 2019, Italy's real GDP increased by about 0.3 percent compared to the previous year. Twitter Composition of the GDP on the expenditure side: household consumption (61 percent), government expenditure (19 percent) and … This feature is limited to our corporate solutions. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. and over 1 Mio. Published by Simona Varrella, Oct 21, 2020 Different estimations on Italy's GDP growth have been published since the outbreak of the coronavirus pandemic. ISTAT said that if GDP were to be flat quarter-on-quarter in the final three months of the year, full-year GDP would be down 8.2% compared with 2019. Also Show. Nevertheless, the budget projects a gradual fall in debt-to-GDP from its 2020 peak. - … Italy gdp growth rate for 2016 was 1.29%, a 0.52% increase from 2015. Italy is a founding member of the European Union, the Eurozone, the OECD, the G7 and the G20; it is the eighth-largest exporter in the world, with $514 billion exported in 2016. 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. Please check your download folder. Italy's gross domestic product grew by a record 16.1 percent in the three months to September 2020, rebounding from an unprecedented contraction of 13 percent in the previous period and beating market consensus of 11.2 percent, a preliminary estimate showed. Population, total. Please check your download folder. Online Store We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. License: CC BY-4.0 Line Bar Map. If you use our chart images on your site or blog, we ask that you provide attribution via a link back to this page. Italy is the second largest manufacturing economy in Europe and the third largest economy in the Euro Area. World … The economy of Italy is the third-largest national economy in the European Union, the eighth-largest by nominal GDP in the world, and the 12th-largest by GDP (PPP). That was the steepest pace of contraction since comparable series began in the 1960s as the country was one of the hardest hit by the coronavirus pandemic. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Client Log In, Facebook Rome had expected growth to continue in the fourth quarter but this is now threatened by a resurgence of the coronavirus which has forced the government to impose new restrictions on business. Italy GDP (Gross Domestic Product) was INT$2,062.78billion for 2019 in PPP terms. To learn more about cookies, click here. Google+, © Copyright: 2020. Poverty headcount ratio at national poverty lines (% of population) Details. Backlinks from other websites and blogs are the lifeblood of our site and are our primary source of new traffic. Statista. Directly accessible data for 170 industries from 50 countries Due to a sudden halt in private capital flows in 2009 triggered by the global economic crisis, the economy suffered a hefty contraction of 5.5%—the strongest GDP contraction in decades. Life expectancy at birth, total (years) Details. Update, Insights into the world's most important technology markets, Advertising & Media Outlook It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. The table below shows the change of price-adjusted GDP for Italy, typically referred to as Italy’s economic growth rate. Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). sources: Consumer prices rose 0.20% month-on-month in October, contrasting September’s 0.68% fall. New, Everything you need to know about the industry development, Find studies from all around the internet. Please authenticate by going to "My account" → "Administration". The GDP value of Italy represents 1.67 percent of the world economy. If you continue to navigate this website beyond this page, cookies will be placed on your browser. - World Economic Outlook, June 2020, International Monetary Fund Direct access to our calendar releases and historical data. The ideal entry-level account for individual users. It follows a downwardly revised 0.2 percent contraction in the previous period, entering recession. Direct access to our calendar releases and historical data. You need at least a Single Account to use this feature. Typology: Press release; Themes: National accounts; Notification of general government deficit and debt In 2019 the government deficit to GDP ratio was 1.6% . Year-on-year, the GDP shrank 4.7 percent, following a downwardly revised 17.9 percent contraction in the second quarter. Italy’s GDP shrank 5.3 percent on quarter in the three months to March of 2020, down from earlier estimates of a 4.7 percent drop as the country was the epicenter of the coronavirus pandemic during March. Get a sample report showing our regional, country and commodities data and analysis. New, Figures and insights about the advertising and media world, Industry Outlook Profit from additional features by authenticating your Admin account. That was the steepest pace of contraction since comparable series began in the 1960s as the country was one of the hardest hit by the coronavirus pandemic. World Economics makes available of world’s most comprehensive GDP database covering over 130 countries with historical GDP PPP data from 1870-2019, building on the lifetimes work of Angus Maddison. GDP growth (annual %) - Italy. The government was forced to introduce rigid restriction measures from March 9th, which were only gradually eased from May 4th. You only have access to basic statistics. World Bank national accounts data, and OECD National Accounts data files. As soon as this statistic is updated, you will immediately be notified via e-mail. GDP figures are published by the National Institute of Statistics (Instituto Nazionale di Statistica [Istat]) on an annual and quarterly basis. Its closest trade ties are with the other countries of the European Union, with whom it conducts about 59% of its total trade. The Gross Domestic Product (GDP) in Italy was worth 2001.24 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. - Italy's economic outlook, ISTAT A more complete assessment of Italy’s GDP can be found below the table. World Bank national accounts data, and OECD National Accounts data files. Please contact us to get started with full access to dossiers, forecasts, studies and international data. Italy gdp growth rate for 2019 was 0.30%, a 0.5% decline from 2018. Google+, Facebook FocusEconomics regularly publishes news on Italian GDP (GDP News). - La mazzata del coronavirus al Pil italiano potrebbe durare più del previsto: tonfo del 3% nel 2020, Business Insider, conducted by Oxford Economics ", Statista, GDP growth forecast for 2020 according to different sources in Italy Statista, https://www.statista.com/statistics/1110978/gdp-growth-forecast-according-to-different-sources-in-italy/ (last visited November 17, 2020), GDP growth forecast for 2020 according to different sources in Italy, Coronavirus (COVID-19) active case, recoveries, deaths Italy as of November 15, 2020, Distribution of coronavirus cases in Italy in 2020, by gender, Coronavirus (COVID-19) new cases in Italy since February 2020, by date of report, Number of coronavirus cases among medical staff in Italy as of November 2020, COVID-19 infection rate per 100,000 population in Italy as of Nov 2020, by region, Coronavirus (COVID-19) deaths in Italy since February 24, 2020, Coronavirus (COVID-19) deaths in Italy as of November 15, 2020, by region, Distribution of coronavirus deaths in Italy as of September 15, 2020, by age group, Most common comorbidities in COVID-19 deceased patients in Italy 2020, Number of comorbidities in COVID-19 deceased patients in Italy 2020, Number of active coronavirus cases in Italy as of November 13, 2020, by status, Coronavirus (COVID-19) patients in ICU in Italy as of November 13, 2020, by region, Coronavirus (COVID-19) tests conducted in Italy as of November 15, 2020, by region, Coronavirus (COVID-19) recoveries in Italy as of November 13, 2020, by region, Coronavirus (COVID-19) recoveries in Italy since February 24, 2020, Forecasted inflation rate in Italy 2020-2021, Change in consumption volume due to coronavirus in Italy 2020, by sector, Forecasted impact of the coronavirus (COVID-19) on Italian exports 2020-2022, Impact of the coronavirus on tourism revenues in Italy H1 2020, by sector, Firms in the tourism industry at risk of closing due to the coronavirus in Italy 2020, Opinions on Italian government's response to coronavirus 2020, Opinions on Italian government's information on coronavirus 2020, Opinions on EU attitude towards Italy during COVID-19 2020, Opinions on impact of coronavirus on personal income in Italy 2020, Fear of losing the job due to coronavirus in Italy 2020, Preferred free time activities by young people after the coronavirus in Italy 2020, Opinions on free time activities after the coronavirus in Italy 2020, Forecasted Gross Domestic Product growth in Italy 2020-2022, Forecasted impact of coronavirus on real GDP South Korea 2020, Coronavirus (COVID-19) impact on GDP growth in France 2020, by scenario, Impact of coronavirus (COVID-19) on real GDP in Italy 2020, by scenario, Projected coronavirus impact on China's GDP growth 2020, Estimated impact from COVID-19 on India's GDP 2020, Forecast impact of coronavirus on real GDP growth in Kenya 2020-2023, Post coronavirus GDP growth forecast in Sweden 2020-2023, COVID-19 impact on Romanian counties 2020, by GDP change, Most affected industries by the COVID-19 epidemic in Romania 2020, by GDP change, GDP forecast for Romania due to the coronavirus outbreak 2019-2021, Forecasted change in GDP due to COVID-19, by country and scenario 2020, Forecasted global real GDP growth due to COVID-19 2019-2021, Post coronavirus GDP growth forecast in Denmark 2020-2021, COVID-19 impact on GDP forecast India FY 2021 by agency, Forecasted real GDP growth of G20 countries due to COVID-19 2019-2021, Coronavirus impact on the GDP growth in Poland 2020, by scenario, Real GDP growth in Russia 2020-2021, by scenario, Impact of the COVID-19 on GDP growth Indonesia 2020, Post coronavirus GDP growth forecast in Norway 2020-2023, Post-coronavirus GDP forecast in Finland 2019-2024, Coronavirus impact on global media consumption, Coronavirus: impact on the aviation industry worldwide, Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. None; Aggregates; Same region; Similar values; Highest values; Lowest values; Share Details. - Previsioni Italia: faticosa risalita dopo il crollo, investimenti e export soffrono più dei consumi, Confindustria, COVID-19 cases worldwide as of November 16, 2020, by country, Coronavirus (COVID-19) cases in Italy as of November 15, 2020, by region, Distribution of coronavirus cases in Italy as of November 11, 2020, by age group, Coronavirus death rate in Italy in 2020, by age group. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. A paid subscription is required for full access. GDP growth (annual %) - Italy. This site uses cookies to optimize functionality and give you the best possible experience. GDP Growth Rate in Italy averaged 0.57 percent from 1960 until 2020, reaching an all time high of 16.10 percent in the third quarter of 2020 and a record low of -13 percent in the second quarter of 2020. You need a Single Account for unlimited access. Italy Trade Surplus Widens More than Expected, Italy Consumer Price Deflation Slows to 4-Month Low, Italy Industrial Output Falls More than Expected, Italy Retail Sales Fall 0.8% MoM in April, Italy Factory Growth Strongest in Near 3 Years: PMI, Italian Economy Rebounds More than Expected, Italy September Jobless Rate Below Forecasts, New Zealand Producer Input Prices Rebound in Q3, API: US Crude Oil Inventories Rise More Than Expected, US Records International Capital Outflows in September, Colombia Economy Contracts More than Estimated in Q3. facts. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Italy gdp growth rate for 2017 was 1.67%, a 0.37% increase from 2016. The government was forced to introduce rigid restriction measures from March 9th, which were only gradually eased from May 4th. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Real GDP (constant, inflation adjusted) of Italy reached $2,118,779,147,896 in 2017. Register in seconds and access exclusive features. This statistic is not included in your account. In Q3, Italy’s GDP jumped a record 16.1% over the previous quarter in seasonally- and working-day adjusted terms. Exports of goods and services account for 30 percent of GDP while imports for 27 percent, adding 3 percent to total GDP. | Italy GDP | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed, Italy: Pace of decline in annual prices moderates in October, Italy: Industrial production slumps in September, Italy: Manufacturing conditions improve at fastest pace in over two-and-a-half years in October, Italy: Massive rebound in Q3 on easing restrictions surpasses market expectations, Economic Growth (GDP, annual variation in %). "GDP growth forecast for 2020 according to different sources in Italy." Also, external demand contributed negatively to the GDP (-2.4 percent). The country has a diversified industrial base driven in large part by manufacturing of high-quality consumer goods. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Download historical data for 20 million indicators using your browser. Twitter In Q3, Italy’s GDP jumped a record 16.1% over the previous quarter in seasonally- and working-day adjusted terms. Italy GDP Growth Performance In the 10 years before the financial crisis, Italy’s economy grew on average 1.3%. My Cart Italy Jump to. (July 7, 2020). Since then, the economy has shown no clear trend of recovery. - Congiuntura Ottobre, REF Ricerche Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Italy's gross domestic product shrank by 12.4 percent on quarter in the three months to June 2020, following a revised 5.4 percent contraction in the previous period and compared to market expectations of a 15 percent fall, a preliminary estimate showed. As a Premium user you get access to background information and details about the release of this statistic. Find Out, Online tool for visualization and analysis. Chart. Italy Trade Surplus Widens More than Expected, Italy Consumer Price Deflation Slows to 4-Month Low, Italy Industrial Output Falls More than Expected, Italy Retail Sales Fall 0.8% MoM in April, Italy Factory Growth Strongest in Near 3 Years: PMI, Italian Economy Rebounds More than Expected, Italy September Jobless Rate Below Forecasts, New Zealand Producer Input Prices Rebound in Q3, API: US Crude Oil Inventories Rise More Than Expected, US Records International Capital Outflows in September, Colombia Economy Contracts More than Estimated in Q3. Press Statista. World Bank national accounts data, and OECD National Accounts data files. You can only download this statistic as a Premium user. The IHS Markit manufacturing Purchasing Managers’ Index (PMI) rose from 53.2 in September to 53.8 in October. Details. Download historical data for 20 million indicators using your browser. School enrollment, primary (% gross) Details. Aggregates are based on constant 2010 U.S. dollars. Italy is the ninth largest economy in the world and the third largest in the Euro Zone. GDP … Then you can access your favorite statistics via the star in the header. Italy GDP Annual Growth Rate Italy is the second largest manufacturing economy in Europe and the third largest economy in the Euro Area. Italy gdp growth rate for 2018 was 0.80%, a 0.87% decline from 2017. It was the steepest contraction since comparable records began in 1995. - Le previsione per l'Italia. The largest trading partners, in order of market share, ar… 5 years of economic forecasts for more than 30 economic indicators. GDP per Capita in Italy (with a population of 60,673,701 people) was $34,921 in 2017, an increase of $534 from $34,387 in 2016; this represents a change of 1.6% in GDP … Year-on-year, the economy contracted 5.4 percent, more than preliminary estimates of 4.8 percent decline and following a 0.1 percent expansion at the end of 2019. Diese Werte, historische Daten, Prognosen, Statistiken, Diagramme und ökonomische Kalender - Italien - BIP-Wachstum. Real GDP is adjusted for price changes and is therefore regarded as a key indicator for economic growth. Reference period: Third quarter 2020 | Date of Issue: 30 October 2020. July 7, 2020. 1961-2020 Data | 2021-2022 Forecast | Calendar. LinkedIn Available to download in PNG, PDF, XLS format, Access to this and all other statistics on 80,000 topics from, Data has been compiled by Statista using the following Please create an employee account to be able to mark statistics as favorites. About The Trading Economics Application Programming Interface (API) provides direct access to our data. Growth was broad-based, with industry, services and agriculture all showing a rise in output. Confindustria Consumer prices rose 0.2% month-on-month in October, contrasting September’s 0.7% fall. Quali condizioni per la tenuta ed il rilancio dell'economia?, Economy Latest Trend Ranking; Composite leading indicator (CLI) Indicator 99.08 Amplitude adjusted Long-term average = 100 Oct-2020 Italy Long-term average = 100 Household disposable income Indicator: 0.6 Net Annual growth rate (%) Annual percentage growth rate of GDP at market prices based on constant local currency. Preliminary estimate of GDP In Q3 2020 GDP +16.1% with respect to the previous quarter and -4.7% y/o/y. Industrial output fell 5.6% in September on a month-on-month, seasonally-adjusted basis. The Trading Economics Application Programming Interface (API) provides direct access to our data. Are you interested in testing our corporate solutions? Click on the button below to get started. - European Economic Forecast, European Commission Composition of the GDP on the expenditure side: household consumption (61 percent), government expenditure (19 percent) and gross fixed capital formation (17 percent). In, Statista. - Summer 2020 (interim) forecast European Commission Accessed November 17, 2020. https://www.statista.com/statistics/1110978/gdp-growth-forecast-according-to-different-sources-in-italy/, Statista. Italy’s gross domestic product (GDP) is the most important measure for evaluating the performance of Italy’s economy (Economic Growth, GDP). But Italy will not record a primary budget surplus until 2024 (it ran primary budget surpluses of 1%-2% of GDP in 2011-2019). Publish your articles and forecasts in our website. 2000 - 2018. International Comparison Program & Purchasing Power Parity, International Household Survey Network (IHSN), Trust Fund for Statistical Capacity Building.
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