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

The Italian economy advanced 0.2 percent on quarter in the three months to September, following a 0.3 percent growth in the previous period and 0.4 percent in the first quarter of the year. It confirmed first estimates of a growth slowdown, as household consumption and increases in inventories were the main drivers of expansion while negative trade flows continued to hold the economy back, final figures showed. GDP Growth Rate in Italy averaged 0.60 percent from 1960 until 2015, 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
0.20 0.30 6.00 -3.00 1960 - 2015 percent Quarterly
SA
Italy is the eighth 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 February of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-09-01 10:00 AM Q2 0.3% 0.4% 0.2% 0.2%
2015-11-13 09:00 AM Q3 0.2% 0.3% 0.3% 0.3%
2015-12-01 10:00 AM Q3 0.2% 0.3% 0.2% 0.2%
2016-02-12 09:00 AM Q4 0.2% 0.3% 0.3%
2016-03-04 09:00 AM Q4 0.2%
2016-05-13 08:00 AM Q1 0.3%

Italy GDP Growth Confirmed at 0.2% in Q3


The Italian economy advanced 0.2 percent on quarter in the three months to September, following a 0.3 percent growth in the previous period and 0.4 percent in the first quarter of the year. It confirmed first estimates of a growth slowdown, as household consumption and increases in inventories were the main drivers of expansion while negative trade flows continued to hold the economy back, final figures showed.

It was the third straight quarter of expansion, as consumer spending advanced 0.4 percent, the same pace as in the previous quarter, and government expenditure grew by 0.3 percent, after contracting by 0.4 percent in the second quarter. As a result, final consumption expenditure grew by 0.4 percent (+0.2 percent in Q2) and contributed with 0.3 p.p. to growth. Also, inventories contributed positively with 0.3 p.p., as they grew for the third consecutive period. By contrast, fixed investment shrank by 0.4 percent (-0.1 percent in Q2) subtracting 0.1 p.p., due to a decline in spending on machinery, equipment and miscellaneous products (-0.9 percent), partially offset by an increase in transportation (+0.4 percent), while investments in construction were unchanged. Meanwhile, net external demand continued to drag the expansion down, subtracting 0.4 p.p., as imports expanded by 0.5 percent while exports shrank by 0.8 percent.

On the production side, the services sector grew 0.1 percent; industrial activities advanced 0.3 percent; and agriculture expanded 2.3 percent. 

Year-on-year, the economy advanced 0.8 percent, following 0.6 percent growth in Q2 while staying below preliminary estimates of 0.9 percent. It was the strongest growth since the second quarter of 2011, as final consumption expenditure expanded by 0.9 percent and gross fixed capital formation by 0.9 percent. While imports increased at a faster 5.1 percent compared to a 3.5 percent rise in exports.

Istat | Joana Ferreira | joana.ferreira@tradingeconomics.com
12/1/2015 11:02:58 AM

Italy GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.20 0.30 6.00 -3.00 percent [+]
GDP Annual Growth Rate 0.80 0.60 10.30 -7.20 percent [+]
GDP 2141.16 2133.54 2391.88 40.39 USD Billion [+]
GDP Constant Prices 386969.50 386188.03 425053.61 294839.30 EUR Million [+]
Gross Fixed Capital Formation 64354.74 64595.45 93314.80 52865.10 EUR Million [+]
GDP per capita 28484.35 29129.81 32830.74 9009.63 USD [+]
GDP per capita PPP 33077.51 33827.05 38124.75 30746.19 USD [+]
GDP From Agriculture 7368.20 7200.50 7847.60 6488.60 EUR Million [+]
GDP From Construction 16197.40 16208.00 24298.50 16197.40 EUR Million [+]
GDP From Manufacturing 55152.20 55044.20 67091.90 51028.30 EUR Million [+]
GDP From Services 261422.00 261093.00 272293.60 225298.50 EUR Million [+]




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