Italy | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.20 0.3 0.3 0.3 0.4 0.8 percent [+]
Unemployment Rate 12.00 11.4 11.2 10.9 10.5 9 percent [+]
Inflation Rate 1.00 0.4 0.5 0.6 0.8 1.8 percent [+]
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Balance of Trade 5797.75 5800 4600 4592 6500 2900 EUR Million [+]
Government Debt to GDP 132.70 129 129 134 129 122 percent [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 1.06 1.02 1.01 1 1.04 0.83 [+]
Stock Market 18914.30 18900 18700 18500 18300 15400 points [+]
Government Bond 10Y 2.13 1.85 1.86 1.88 1.22 2.17 percent [+]
6 Month Bill Yield -0.31 -0.33 -0.33 -0.33 -0.19 -0.38 percent [+]
7 Year Note Yield 1.59 1.19 1.21 1.22 1.08 1.4 percent [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.20 0.3 0.3 0.3 0.4 0.8 percent [+]
GDP Annual Growth Rate 1.10 1.1 1.2 1.1 1 1.6 percent [+]
GDP 1821.50 1890 1910 1808 1950 2240 USD Billion [+]
GDP Constant Prices 393535.57 392100 392700 394211 394000 404000 EUR Million [+]
Gross Fixed Capital Formation 66759.50 67056 67388 67680 67900 69600 EUR Million [+]
GDP per capita 33849.39 34200 34300 33331 34700 36000 USD [+]
GDP per capita PPP 33731.32 33800 33900 33508 34200 35500 USD [+]
GDP From Agriculture 7273.20 7200 7176 7167 7158 7340 EUR Million [+]
GDP From Construction 15858.90 16200 16200 16144 16400 17700 EUR Million [+]
GDP From Manufacturing 66685.00 67500 67700 67900 68200 69200 EUR Million [+]
GDP From Services 264596.00 264000 264000 264498 265000 272000 EUR Million [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 12.00 11.4 11.2 10.9 10.5 9 percent [+]
Employed Persons 22782.72 22910 22950 22767 23100 24100 Thousand [+]
Unemployed Persons 3103.01 2850 2790 3005 2720 2610 Thousand [+]
Part Time Employment 34633.09 36800 37400 35079 38900 43000 Hundreds Person [+]
Full Time Employment 140348.62 138000 141000 141502 143000 147000 Hundreds Person [+]
Employment Rate 57.30 57.4 57.5 57.66 57.9 59 percent [+]
Labor Force Participation Rate 64.80 64.4 64.6 64.8 65 66.3 percent [+]
Long Term Unemployment Rate 6.30 6 5.8 6.05 5.4 4.3 percent [+]
Youth Unemployment Rate 40.10 37.6 37.2 36.97 36.5 34.9 percent [+]
Productivity 106.51 113 114 112 115 121 Index Points [+]
Labour Costs 106.51 110 110 110 112 117 Index Points [+]
Wages 2167.84 2340 2340 2340 2370 2420 EUR/Month [+]
Wage Growth 0.40 0.8 1.1 1.5 1.9 2.5 percent [+]
Wages in Manufacturing 111.80 114 115 116 118 128 Index Points [+]
Population 60.67 61.78 61.86 61.1 62.02 62.5 Million [+]
Retirement Age Women 65.58 65.58 65.58 65.58 65.58 67 [+]
Retirement Age Men 66.58 66.58 66.58 66.58 66.58 67 [+]
Employment Change -0.10 0.3 0.4 0.25 0.8 2.1 percent [+]
Living Wage Family 1185.10 2170 2170 2190 2190 2380 EUR/Month [+]
Living Wage Individual 940.30 1020 1020 1050 1050 1220 EUR/Month [+]
Wages High Skilled 2370.00 2400 2400 2415 2420 2560 EUR/Month [+]
Wages Low Skilled 1250.00 1400 1400 1189 1400 1480 EUR/Month [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 1.00 0.4 0.5 0.6 0.8 1.8 percent [+]
Inflation Rate Mom 0.30 0.4 0.2 0.08 0.4 0.7 percent [+]
Harmonised Consumer Prices 99.10 103 104 99.76 106 121 Index Points [+]
Consumer Price Index CPI 100.60 105 106 101 109 124 Index Points [+]
Core Consumer Prices 100.50 104 106 100 110 126 Index Points [+]
Core Inflation Rate 0.50 0.8 0.9 0.55 1.2 2.3 percent [+]
GDP Deflator 106.53 108 108 109 109 116 Index Points [+]
Producer Prices 102.10 104 105 107 109 121 Index Points [+]
Producer Prices Change 0.90 1 1.2 1.5 1.6 2.5 percent [+]
Export Prices 119.30 119 119 121 120 128 Index Points [+]
Import Prices 105.50 103 103 107 105 115 Index Points [+]
Food Inflation 2.30 0.8 1 4.12 1.3 2.5 percent [+]
Cpi Transportation 100.10 102 103 100 106 118 Index Points [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Interbank Rate -0.33 -0.25 -0.14 -0.08 0.1 1.5 percent [+]
Money Supply M1 1044357.00 1220000 1290000 1042186 1520000 2160000 EUR Million [+]
Money Supply M2 1441190.00 1650000 1740000 1442935 2020000 2410000 EUR Million [+]
Money Supply M3 1458583.00 1680000 1770000 1483222 2050000 2450000 EUR Million [+]
Banks Balance Sheet 3915486.09 4260000 4340000 3890438 4560000 5140000 EUR Million [+]
Foreign Exchange Reserves 130450.70 129959 129635 129480 129399 129306 EUR Million [+]
Loans to Private Sector 776059.00 821000 829000 766305 848000 901000 EUR Million [+]
Central Bank Balance Sheet 804656.90 802000 832000 855274 876000 992000 EUR Million [+]
Private Debt to GDP 176.47 174 174 173 173 168 percent [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade 5797.75 5800 4600 4592 6500 2900 EUR Million [+]
Exports 36214.33 37300 36500 35700 34800 35400 EUR Million [+]
Imports 30416.58 31500 31900 32800 28300 32500 EUR Million [+]
Current Account 5535.00 3650 1870 1560 2590 -1510 EUR Million [+]
Current Account to GDP 2.20 1.7 1.7 2.05 1.7 -0.9 percent [+]
External Debt 2141267.00 903000 906000 908000 910000 940000 EUR Million [+]
Terms of Trade 113.10 112 112 113 113 119 Index Points [+]
Capital Flows 16146.00 -1170 2850 2450 6050 5210 EUR Million [+]
Remittances 160.68 158 160 167 162 162 EUR Million [+]
Gold Reserves 2451.84 2452 2452 2452 2452 2452 Tonnes [+]
Crude Oil Production 90.00 100 100 92.58 100 103 BBL/D/1K [+]
Foreign Direct Investment 2014.30 1790 2250 780 -1250 -470 EUR Million [+]
Terrorism Index 2.36 3.36 3.36 2.91 3.36 3.36 [+]
Tourism Revenues 1879.00 1805 3009 2976 2077 2407 EUR Million [+]
Weapons Sales 570.00 675 592 510 545 463 USD Million [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 132.70 129 129 134 129 122 percent [+]
Government Budget -2.60 -2 -2 -2.85 -2 -0.5 percent of GDP [+]
Government Budget Value 3.42 -1.4 -11.6 -5.48 -2.3 -1 EUR Billion [+]
Government Spending 78401.41 78700 78800 78014 79000 81900 EUR Million [+]
Government Spending to GDP 50.50 49 49 50.75 49 46 percent [+]
Government Revenues 92.49 32.4 50.6 36.8 106 112 EUR Billion [+]
Government Debt 2217694.90 2293000 2308000 2249070 2339000 2514000 EUR Million [+]
Fiscal Expenditure 89.06 33.8 62.2 37.9 108 113 EUR Billion [+]
Asylum Applications 11035.00 7240 9540 10020 7400 6820 persons [+]
Military Expenditure 28460.00 28880 28125 27370 27101 25665 USD Million [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Business Confidence 106.30 106 104 105 104 103 [+]
Services PMI 52.40 52.6 54.4 52.51 55.4 53.1 Index Points [+]
Manufacturing PMI 53.00 50.4 50.7 52.44 51.9 52.4 [+]
Industrial Production 6.60 0.9 1 6.84 1.4 0.8 percent [+]
Industrial Production Mom 1.37 0.5 -0.4 0.6 0.5 0.2 percent [+]
Manufacturing Production 5.50 1.5 1.4 4.5 2.2 1.6 percent [+]
Capacity Utilization 76.50 76.3 76.5 76.08 77.4 78.6 percent [+]
Factory Orders 2.80 -0.4 2.8 -2.2 -0.5 0.4 percent [+]
New Orders 109.10 110 111 102 101 101 Index Points [+]
Changes in Inventories 297.17 934 429 915 435 488 EUR Million [+]
Zew Economic Sentiment Index -7.40 9.8 12.2 14.5 19.8 18.13 [+]
Car Registrations 171556.00 192000 167000 134000 115000 121000 Cars [+]
Bankruptcies 3800.00 3500 3700 2850 3900 3600 Companies [+]
Competitiveness Index 4.50 4.49 4.49 4.46 4.49 4.61 Points [+]
Competitiveness Rank 44.00 43 42 42 42 39 [+]
Composite Pmi 52.80 53 52.3 52.5 52.7 52.5 [+]
Ease of Doing Business 50.00 44 44 52.27 44 41 [+]
Electricity Production 26209.00 22920 23817 24150 22920 23000 Gigawatt-hour [+]
Corruption Index 44.00 45 45 49.13 45 48 Points [+]
Corruption Rank 60.00 60 60 72.04 60 57 [+]
Mining Production 2.10 -3.7 -1.2 -0.12 -0.2 1.1 percent [+]
Steel Production 1825.00 2030 2040 2110 1510 1560 Thousand Tonnes [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Confidence 106.60 107 114 111 110 107 [+]
Retail Sales MoM -0.50 0.3 0.4 0.5 0.6 0.2 percent [+]
Retail Sales YoY -0.20 1.5 1.4 -0.03 1.7 1.2 percent [+]
Consumer Spending 237220.60 236000 237000 239323 237000 245000 EUR Million [+]
Disposable Personal Income 286208.00 286000 288000 282037 293000 302000 EUR Million [+]
Personal Savings 9.30 8.4 8.2 8 7.8 7.2 percent [+]
Bank Lending Rate 2.26 2.26 2.31 2.32 2.44 3.25 percent [+]
Consumer Credit 86511.00 95500 99400 88367 108900 166000 EUR Million [+]
Gasoline Prices 1.69 1.49 1.52 1.68 1.67 1.88 USD/Liter [+]
Households Debt To Gdp 41.80 40.12 40.12 41.23 40.12 34.25 percent of GDP [+]
Households Debt To Income 61.93 61.72 61.49 61.27 59.76 53.12 percent [+]
HOUSING Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Construction Output -2.30 -0.1 0.4 -2.8 0.9 1.9 percent [+]
Housing Index 85.51 94.6 97.5 99.4 102 114 Index Points [+]
Construction Pmi 49.20 48.5 49.5 50.2 50.5 52 [+]
Home Ownership Rate 72.90 73.2 73.2 72.94 73.2 73.2 percent [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Corporate Tax Rate 31.40 31.4 31.4 31.4 31.4 31.4 percent [+]
Personal Income Tax Rate 48.80 48.9 48.9 48.8 48.9 48.9 percent [+]
Sales Tax Rate 22.00 22 22 22 22 22 percent [+]
Social Security Rate 41.57 42.6 42.6 41.57 42.6 42.6 percent [+]
Social Security Rate For Companies 32.08 32.1 32.1 32.08 32.1 32.1 percent [+]
Social Security Rate For Employees 9.49 10.5 10.5 9.49 10.5 10.5 percent [+]





Economic Forecasts for Italy including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Italy economy. 2/28/2017