Italy GDP Growth Rate  1960-2017 | Data | Chart | Calendar | Forecast

Italy's gross domestic product advanced 0.2 percent on quarter in the three months to December of 2016 compared to a 0.3 percent expansion in the previous period and matching the preliminary estimate. It was the weakest growth rate in one year, as domestic demand continued to boost output while inventories fell. Compared with the same quarter of 2015, the GDP advanced 1 percent, lower than a flash reading of 1.1 percent. In 2016, the economy expanded also 1 percent after growing by 0.7 percent in 2015 and by 0.2 percent in 2014. The government forecasts 1 percent economic growth in 2017. 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 -2.90 percent in the first quarter of 2009.

Italy GDP Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-12-01 10:00 AM Q3 0.3% 0.1% 0.3% 0.3%
2017-02-14 09:00 AM Q4 0.2% 0.3% 0.2% 0.2%
2017-03-03 09:00 AM Q4 0.2% 0.3% 0.2% 0.2%
2017-05-16 08:00 AM Q1 0.2% 0.3%
2017-06-01 08:00 AM Q1 0.2% 0.3%
2017-08-16 08:00 AM Q2 0.3%




Italy Q4 GDP Growth Rate Confirmed At 0.2%


Italy's gross domestic product advanced 0.2 percent on quarter in the three months to December of 2016 compared to a 0.3 percent expansion in the previous period and matching the preliminary estimate. It was the weakest growth rate in one year, as domestic demand continued to boost output while inventories fell.

From the expenditure side, the positive contribution to GDP came from final domestic demand (0.4 percentage points), namely fixed investment (0.2 percentage points) and government spending (0.1 percentage points). In contrast, changes in inventories subtracted 0.2 percentage points from growth, while consumer spending and net exports showed no contribution.

Fixed investment grew by 1.3 percent (from 1.5 percent in Q3), boosted by spending on transport equipment (13.6 percent from 10.7 percent in Q3), construction (0.5 percent from 0.7 percent in Q3) and machinery and equipment (0.4 percent from 1.1 percent in Q3). Also government spending rebounded 0.6 percent after falling by 0.2 percent in the previous period. Meanwhile, household expenditure edged up 0.1 percent (from 0.2 percent in Q3); exports increased by 1.9 percent (from 0.3 percent in Q3) and imports by 2.2 percent (from 1 percent in Q3).

From the production side, industrial output grew 0.8 percent (the same as in Q3), as manufacturing advanced 0.9 percent (1 percent in Q3) and construction rebounded 0.6 percent (after showing no growth in Q3). Service sector stagnated (from 0.1 percent in Q3); and agriculture contracted 3.7 percent, the fourth period of decline (from -1.1 percent in Q3).

Compared with the same period of 2015, the economy expanded 1 percent, the same as in the previous period and below a preliminary reading of 1.1 percent growth.

In 2016, the economy advanced also 1 percent after growing by 0.7 percent in 2015 and by 0.2 percent in 2014. The government forecasts 1 percent economic growth in 2017.

Istat | Joana Ferreira | joana.ferreira@tradingeconomics.com
3/3/2017 9:46:43 AM



Italy GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.20 0.30 6.00 -2.90 percent [+]
GDP Annual Growth Rate 1.00 1.00 10.30 -7.10 percent [+]
GDP 1821.50 2149.81 2390.73 40.39 USD Billion [+]
GDP Constant Prices 393512.08 392792.44 424823.77 294839.30 EUR Million [+]
Gross Fixed Capital Formation 69182.55 68298.02 93295.10 52865.10 EUR Million [+]
GDP per capita 33849.39 33610.66 38239.07 10868.35 USD [+]
GDP per capita PPP 33731.32 33493.42 38105.69 30733.53 USD [+]
GDP From Agriculture 6997.90 7269.60 7857.80 6480.20 EUR Million [+]
GDP From Construction 15961.20 15869.30 24295.40 15821.50 EUR Million [+]
GDP From Manufacturing 68123.50 67535.40 78814.70 62017.90 EUR Million [+]
GDP From Services 264307.90 264197.30 272080.50 224998.40 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 March of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.20 0.30 6.00 -2.90 1960 - 2016 percent Quarterly
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