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

Italy's gross domestic product expanded 0.3 percent quarter-on-quarter in the three months to September, compared to an upwardly revised 0.1 percent expansion in the June quarter and in line with preliminary estimates. Positive contributions from domestic demand offset a decline in net exports. Compared to the same quarter a year earlier, the GDP advanced 1.0 percent, slightly faster than earlier projections of a 0.9 percent growth. 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.

Italy GDP Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-09-02 08:00 AM Q2 0% 0.3% 0% 0%
2016-11-15 09:00 AM Q3 0.3% 0% 0.2% 0.2%
2016-12-01 10:00 AM Q3 0.3% 0.1% 0.3% 0.3%
2017-02-13 09:00 AM Q4 0.15%
2017-03-03 09:00 AM Q4 0.15%
2017-05-12 08:00 AM Q1 0.01%




Italy GDP Growth Confirmed at 0.3% QoQ in Q3


Italy's gross domestic product expanded 0.3 percent quarter-on-quarter in the three months to September, compared to an upwardly revised 0.1 percent growth in the June quarter and in line with preliminary estimates. Positive contributions from domestic demand offset a decline in net exports.

In the third quarter, domestic demand contributed 0.3 percentage points to growth (from +0.1 percentage points in the preceding quarter). Private consumption, investment and inventory accumulation each contributed 0.1 percentage points to quarterly growth. Government spending gave no contribution to growth. Net exports contributed negatively to growth (-0.1 percentage points from +0.3 percentage points).

Compared to the same quarter a year earlier, the GDP advanced 1.0 percent, slightly faster than earlier projections of a 0.9 percent growth.

For 2016, the economy is predicted to grow by 0.8 percent, lower than previous estimates of 1.2 percent expansion made in September.

Istat l Rida Husna | rida@tradingeconomics.com
12/1/2016 12:12:17 PM



Italy GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.30 0.10 6.00 -3.00 percent [+]
GDP Annual Growth Rate 1.00 0.70 10.30 -7.20 percent [+]
GDP 1814.76 2138.54 2390.73 40.39 USD Billion [+]
GDP Constant Prices 392144.00 389234.52 424823.77 294839.30 EUR Million [+]
Gross Fixed Capital Formation 65680.33 65421.25 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 7277.30 7216.40 7847.60 6488.60 EUR Million [+]
GDP From Construction 16160.70 16129.30 24298.50 16038.00 EUR Million [+]
GDP From Manufacturing 65673.70 66289.50 78866.20 62001.90 EUR Million [+]
GDP From Services 263122.00 262337.00 272293.60 225298.50 EUR Million [+]



Italy GDP Growth Rate Notes

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 December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.10 6.00 -3.00 1960 - 2016 percent Quarterly
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