Italy GDP Growth Rate  1960-2016 | Data | Chart | Calendar | Forecast

The Italian economy advanced 0.3 percent on the quarter in the three months to March of 2016 compared to a 0.2 percent expansion in the previous period, matching first estimates. Growth was mainly driven by household consumption and an accumulation of inventories while a slump in exports contributed negatively. Compared to the first quarter of 2015, the GDP advanced 1 percent. GDP Growth Rate in Italy averaged 0.60 percent from 1960 until 2016, reaching an all time high of 6 percent in the first quarter of 1970 and a record low of -3 percent in the first quarter of 2009. GDP Growth Rate in Italy is reported by the National Institute of Statistics (ISTAT).

Italy GDP Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.20 6.00 -3.00 1960 - 2016 percent Quarterly
SA
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. This page provides - Italy GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Italy GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on July of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-03-04 09:00 AM Q4 0.1% 0.2% 0.1% 0.1%
2016-05-13 08:00 AM Q1 0.3% 0.2% 0.3% 0.3%
2016-05-31 10:00 AM Q1 0.3% 0.2% 0.3% 0.3%
2016-08-12 08:00 AM Q2 0.3% 0.2%
2016-09-02 08:00 AM Q2
2016-11-15 09:00 AM Q3 0.4%

Italy Q1 GDP Growth Confirmed at 0.3%


The Italian economy advanced 0.3 percent on the quarter in the three months to March of 2016 compared to a 0.2 percent expansion in the previous period, matching first estimates. Growth was mainly driven by household consumption and an accumulation of inventories while a slump in exports contributed negatively.

It was the fifth consecutive quarter of expansion, as household consumption advanced 0.3 percent (from +0.3 percent in Q4), adding 0.2 percentage points (p.p.) to growth, and inventories contributed positively, adding 0.2 p.p. Government spending grew 0.2 percent (from +0.6 percent in Q4) and fixed investment expanded 0.2 percent (from +0.8 percent), making a zero contribution to quarterly growth. As a result, final national expenditure advanced 0.2 percent (+0.4 percent in Q4) and contributed with 0.2 p.p. Meanwhile, net external demand contributed negatively, subtracting 0.2 p.p., as exports dropped sharply by 1.5 percent (+1.2 percent in Q4) while imports fell at a slower 0.9 percent (+0.9 percent in Q4).

On the production side, services and industry sectors grew 0.2 (from +0.1 percent in Q4) and 0.9 percent (from +0.2 percent), respectively; while agriculture shrank 2.4 percent (from +2.1 percent in Q4). 

Year-on-year, the economy advanced 1 percent, easing from a 1.1 percent growth in the fourth quarter and matching preliminary estimates. Final consumption expenditure expanded by 1.4 percent and gross fixed capital formation by 1.8 percent. Meanwhile, exports shrank 0.4 percent while imports increased 1.2 percent.

The government expects this year's GDP growth to reach 1.2 percent, following 0.8 percent in 2015.

Istat | Joana Ferreira | joana.ferreira@tradingeconomics.com
5/31/2016 11:40:43 AM

Italy GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.30 0.20 6.00 -3.00 percent [+]
GDP Annual Growth Rate 1.00 1.10 10.30 -7.20 percent [+]
GDP 1814.76 2138.54 2390.73 40.39 USD Billion [+]
GDP Constant Prices 388930.00 387533.06 425053.61 294839.30 EUR Million [+]
Gross Fixed Capital Formation 65421.25 65135.07 93314.80 52865.10 EUR Million [+]
GDP per capita 33704.69 33457.75 38239.07 10868.35 USD [+]
GDP per capita PPP 33587.12 33341.04 38105.69 30733.53 USD [+]
GDP From Agriculture 7216.40 7277.00 7847.60 6488.60 EUR Million [+]
GDP From Construction 16129.30 16206.00 24298.50 16038.00 EUR Million [+]
GDP From Manufacturing 66289.50 65379.00 78866.20 62001.90 EUR Million [+]
GDP From Services 262337.00 261810.00 272293.60 225298.50 EUR Million [+]




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South Africa -1.20 Mar/16
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Namibia -1.60 Mar/16
Ecuador -1.90 Mar/16
Ireland -2.10 Mar/16
Nigeria -13.70 Mar/16
Senegal -14.10 Mar/16