Italy GDP Growth Rate 1960-2014 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) in Italy contracted 0.20 percent in the second quarter of 2014 over the previous quarter. GDP Growth Rate in Italy averaged 0.62 Percent from 1960 until 2014, reaching an all time high of 6 Percent in the first quarter of 1970 and a record low of -3.50 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


Actual Previous Highest Lowest Dates Unit Frequency
-0.20 0.00 6.00 -3.50 1960 - 2014 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 Saturday, October 25, 2014.


Italy GDP Contracts 0.2% in Q2


The Italian economy shrank 0.2 percent on quarter in the April to June period, matching preliminary estimates. Final figures showed the economy contracted for the second consecutive quarter, hurt by a drop in investment.

Gross fixed capital formation decreased by a seasonally adjusted 0.9 percent, dragged down by a 1.5 percent fall in machinery and equipment and a 0.9 percent drop in construction investment. Domestic consumption showed no growth in the second quarter of 2014, while exports grew a meager 0.1 percent and imports advanced 1 percent. 

Year-on-year, the economy contracted 0.2 percent, 0.1 percent less than initially estimated. 

Istat | Joana Taborda | joana.taborda@tradingeconomics.com
8/29/2014 11:25:38 AM


Recent Releases

Italian Economy Slides Into Recession
Italian GDP unexpectedly shrank 0.2 percent in the second quarter of 2014, following a 0.1 percent contraction in the previous three months, according to the preliminary estimate. Published on 2014-08-06

Italy GDP Contracts 0.1% in Q1
The Italian economy shrank 0.1 percent quarter-on-quarter in the first three months of 2014, down from a 0.1 percent expansion in the previous period and confirming initial estimates. Final figures showed domestic demand remains weak, dragged down by a fall in investment. Published on 2014-06-10


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-05-15 09:00 AM Italy
GDP Growth Rate QoQ Adv
Q1 2014 -0.1% 0.1% 0.2% 0.27%
2014-06-10 10:00 AM Italy
GDP Growth Rate QoQ Final
Q1 2014 -0.1% 0.1% -0.1% -0.1%
2014-08-06 10:00 AM Italy
GDP Growth Rate QoQ Adv
Q2 2014 -0.2% -0.1% 0.2% 0.37%
2014-08-29 11:00 AM Italy
GDP Growth Rate QoQ Final
Q2 2014 -0.2% -0.1% -0.2% -0.2%
2014-11-14 09:00 AM Italy
GDP Growth Rate QoQ Adv
Q3 2014 -0.2% -0.1%


Italy GDP Last Previous Highest Lowest Unit
GDP 2071.31 2013.27 2307.31 40.39 USD Billion [+]
GDP Growth Rate -0.20 0.00 6.00 -3.50 Percent [+]
GDP Annual Growth Rate -0.30 -0.30 10.30 -6.90 Percent [+]
GDP Constant Prices 385776.00 386498.00 405538.00 294839.30 EUR Million [+]
GDP per capita 28376.38 29053.95 31764.76 9009.41 USD [+]
Gross Fixed Capital Formation 57180.90 57699.10 79634.80 52865.10 EUR Million [+]
GDP per capita PPP 32929.10 33715.37 36861.12 29679.60 USD [+]