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

The Italian economy advanced 0.3 percent on the quarter in the three months to March of 2016 compared to an upwardly revised 0.2 percent expansion in the previous period, in line with market expectations. It was the fifth consecutive quarter of growth, driven by domestic demand, preliminary estimates showed. Compared with the same quarter a year earlier, the GDP advanced 1 percent, easing from a 1.1 percent expansion in the three months to December of 2015, but beating market expectations of 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. 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 0.20 6.00 -3.00 1960 - 2016 percent Quarterly
SA
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 May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-02-12 09:00 AM Q4 0.1% 0.2% 0.3% 0.3%
2016-03-04 09:00 AM Q4 0.1% 0.2% 0.1% 0.1%
2016-05-13 08:00 AM Q1 0.3% 0.2% 0.3% 0.3%
2016-05-31 10:00 AM Q1 0.2% 0.3% 0.3%
2016-08-12 08:00 AM Q2 0.3%
2016-09-02 08:00 AM Q2

Italian Economy Expands 0.3% in Q1


The Italian economy advanced 0.3 percent on the quarter in the three months to March of 2016 compared to an upwardly revised 0.2 percent expansion in the previous period, in line with market expectations. It was the fifth consecutive quarter of growth, driven by domestic demand, preliminary estimates showed.

Growth in the first quarter of the year was based on stronger domestic demand, while net exports dragged the expansion down. On the production side, there was an increase in the value added in both industry and services sectors while agriculture contracted.

Compared with the same quarter a year earlier, the GDP advanced 1 percent, easing from a 1.1 percent expansion in the three months to December of 2015, but beating market expectations of 0.9 percent growth.

Meanwhile, the government cut its full year growth projections to 1.2 percent last month, from a 1.6 percent target previously estimated.

Istat | Joana Ferreira | joana.ferreira@tradingeconomics.com
5/13/2016 9:30:33 AM

Italy GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.30 0.20 6.00 -3.00 percent [+]
GDP Annual Growth Rate 1.00 1.10 10.30 -7.20 percent [+]
GDP 2141.16 2133.54 2391.88 40.39 USD Billion [+]
GDP Constant Prices 388930.00 387533.06 425053.61 294839.30 EUR Million [+]
Gross Fixed Capital Formation 65135.07 64607.40 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 7277.00 7285.00 7847.60 6488.60 EUR Million [+]
GDP From Construction 16206.00 16074.00 24298.50 16038.00 EUR Million [+]
GDP From Manufacturing 65379.00 65464.00 78866.20 62001.90 EUR Million [+]
GDP From Services 261810.00 261635.00 272293.60 225298.50 EUR Million [+]




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