Italy GDP Growth Rate 1960-2015 | Data | Chart | Calendar | Forecast

The Italian economy advanced 0.3 percent on quarter in the three months to June, following an upwardly revised 0.4 percent growth in the previous quarter and beating first estimate of 0.2 percent. Domestic demand was the main driver of expansion while negative trade flows held the economy back, final figures showed. GDP Growth Rate in Italy averaged 0.61 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
0.30 0.40 6.00 -3.00 1960 - 2015 percent Quarterly
Italy has 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. After joining the European Union in 1952, Italy experienced several decades of growth rates above 4 percent. Yet, after 1992, the expansion rates went below EU average. Since then, the government has been trying to revive the economy by increasing public spending. As a result, the public debt and budget deficit have reached unsustainable levels and the country is facing tough austerity measures and the second recession in four years. This page provides - Italy GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Italy GDP Growth Rate - was last refreshed on Thursday, September 3, 2015.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-05-29 09:00 AM Q1 0.3% 0.0% 0.3% 0.3%
2015-08-14 09:00 AM Q2 0.2% 0.3% 0.3% 0.2%
2015-09-01 10:00 AM Q2 0.3% 0.4% 0.2% 0.2%
2015-11-13 09:00 AM Q3 0.3% 0.13%
2015-12-01 09:00 AM Q3 0.3%


Italian GDP Growth Beats Expectations in Q2


The Italian economy advanced 0.3 percent on quarter in the three months to June, following an upwardly revised 0.4 percent growth in the previous quarter and beating first estimate of 0.2 percent. Household consumption and increases in inventories were the main drivers of expansion while negative trade flows held the economy back, final figures showed.

It was the second straight quarter of expansion, as consumer spending advanced 0.3 percent, following a 0.1 percent contraction in the previous quarter. As a result, final consumption expenditure grew 0.2 percent (-0.1 percent in Q1) and final domestic demand increased by 0.2 percent (0.1 percent in Q1). Also, changes in inventories contributed positively to the growth, expanding by 0.4 percent (+0.5 percent in Q1). By contrast, government spending showed no growth while fixed investment shrank 0.1 percent (+0.2 percent in Q1). Meanwhile, net external demand continued to drag the expansion down, contracting by 0.2 percent (-0.3 percent in Q1), as imports expanded 2.2 percent while exports increased at a slower 1.2 percent.
On the production side, the services sector grew 0.3 percent; industrial activities showed no growth, as industry excluding construction expanded 0.2 percent, while construction shrank 0.7 percent; and agriculture contracted 1.1 percent. 
Year-on-year, the economy advanced 0.7 percent, from an upwardly revised 0.2 percent in Q1. It was the strongest growth since the third quarter of 2011, as final consumption expenditure increased by 0.5 percent and gross fixed capital formation by 0.3 percent.

Istat | joana.ferreira@tradingeconomics.com
9/1/2015 12:37:58 PM


Recent Releases

Italian Economy Expands Less Than Expected
Italian gross domestic product rose 0.2 percent, slowing compared with a 0.3 percent increase in the January to March period. Still it is a second consecutive quarter of growth.
Published on 2015-08-14

Italian GDP Grows for the First Time in Six Quarters
The Italian economy advanced 0.3 percent on quarter in the first three months of 2015, matching preliminary estimates and marking the first expansion since mid-2013. Investments were the main driver of growth while private consumption and net external demand contributed negatively.
Published on 2015-05-29

Italian GDP Growth Beats Expectations
The Italian economy expanded 0.3 percent in the first three months of 2015, after showing no growth or contracting in five previous quarters. It is the strongest expansion in four years.
Published on 2015-05-13

Italian Economy Reports No Growth in Q4
The Italian economy stagnated in the last three months of 2014, final figures showed, marking 5th consecutive quarter without any expansion.
Published on 2015-03-05


Italy GDP Last Previous Highest Lowest Unit
GDP 2144.34 2136.95 2391.88 40.39 USD Billion [+]
GDP Growth Rate 0.30 0.40 6.00 -3.00 percent [+]
GDP Annual Growth Rate 0.70 0.20 10.30 -7.20 percent [+]
GDP Constant Prices 386925.34 385692.49 424943.44 294839.30 EUR Million [+]
GDP per capita 28484.35 29129.81 32830.74 9009.63 USD [+]
Gross Fixed Capital Formation 65153.03 65368.87 93314.80 52865.10 EUR Million [+]
GDP per capita PPP 33077.51 33827.05 38124.75 30746.19 USD [+]
Gdp From Agriculture 7155.00 7232.00 7847.60 6488.60 EUR Million [+]
Gdp From Construction 16036.00 16151.00 24298.50 16036.00 EUR Million [+]
Gdp From Manufacturing 55045.10 54687.50 66942.00 51008.00 EUR Million [+]
Gdp From Services 262480.00 261583.00 272299.70 225298.50 EUR Million [+]


GDP Growth Rate Reference Previous Highest Lowest Unit
Australia 0.20 Jun/15 0.90 4.40 -2.00 percent [+]
Brazil -1.90 Jun/15 -0.70 3.90 -3.90 percent [+]
Canada -0.10 Jun/15 -0.10 3.33 -1.80 percent [+]
China 1.70 Jun/15 1.40 2.50 1.40 percent [+]
Euro Area 0.30 Jun/15 0.40 1.30 -2.90 percent [+]
France 0.00 Jun/15 0.60 7.70 -5.00 percent [+]
Germany 0.40 Jun/15 0.30 2.00 -4.50 percent [+]
India 2.06 Mar/15 1.36 5.30 -1.70 percent [+]
Indonesia 3.78 Jun/15 -0.18 3.83 -3.57 percent [+]
Italy 0.30 Jun/15 0.40 6.00 -3.00 percent [+]
Japan -0.40 Jun/15 1.00 3.20 -4.00 percent [+]
Mexico 0.50 Jun/15 0.40 2.90 -6.60 percent [+]
Netherlands 0.10 Jun/15 0.60 2.00 -2.20 percent [+]
Russia -1.29 Mar/15 -0.55 4.10 -5.40 percent [+]
South Korea 0.30 Jun/15 0.80 6.80 -7.00 percent [+]
Spain 1.00 Jun/15 0.90 1.60 -1.60 percent [+]
Switzerland 0.20 Jun/15 -0.20 2.10 -1.90 percent [+]
Turkey 1.30 Mar/15 0.80 6.69 -7.57 percent [+]
United Kingdom 0.70 Jun/15 0.40 5.00 -2.70 percent [+]
United States 3.70 Jun/15 0.60 16.90 -10.00 percent [+]