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

The Gross Domestic Product (GDP) in Italy contracted 0.10 percent in the third 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).

      Forecast    
Italy GDP Growth Rate


Actual Previous Highest Lowest Dates Unit Frequency
-0.10 -0.20 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 Friday, December 19, 2014.


Italian Economy Contracts 0.1% in Q3


The Italian GDP shrank 0.1 percent on quarter in the three months to September of 2014, matching preliminary estimates and dragged down by a fall in investment and government spending.

Gross fixed capital formation decreased 1 percent and government spending contracted 0.3 percent. Exports rose 0.2 percent while imports fell 0.3 percent. Consumer spending increased a meager 0.1 percent. 

The economy has posted either zero or negative growth in every quarter since the third quarter of 2011.

Year-on-year, the GDP contracted 0.5 percent, worsening from a 0.4 percent drop initially estimated. While gross fixed capital formation shrank 3.1 percent, consumer and government spending increased 0.4 percent and 0.2 percent respectively. Exports rose 1.3 percent but imports fell 0.7 percent. 

Istat | Joana Taborda | joana.taborda@tradingeconomics.com
12/1/2014 12:07:24 PM


Recent Releases

Italy Falls Back into Recession
The Italian economy shrank 0.1 percent from June to September, hurt by lower domestic demand. It was the fourteenth consecutive quarter of no growth. Published on 2014-11-14

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. Published on 2014-08-29


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-08-29 11:00 AM
GDP Growth Rate QoQ Final  Q2
-0.2% -0.1% -0.2% -0.2%
2014-11-14 09:00 AM
GDP Growth Rate QoQ - Prel  Q3
-0.1% -0.2% -0.1% -0.01%
2014-12-01 09:00 AM
GDP Growth Rate QoQ Final  Q3
-0.1% -0.2% -0.1%
2015-02-13 09:00 AM
GDP Growth Rate QoQ Adv  Q4
2015-03-11 09:00 AM
GDP Growth Rate QoQ Final  Q4
2015-05-15 09:00 AM
GDP Growth Rate QoQ Adv  Q1


Italy GDP Last Previous Highest Lowest Unit
GDP 2071.31 2013.27 2307.31 40.39 USD Billion [+]
GDP Growth Rate -0.10 -0.20 6.00 -3.50 percent [+]
GDP Annual Growth Rate -0.50 -0.30 10.30 -6.90 percent [+]
GDP Constant Prices 384903.56 385646.00 405538.00 294839.30 EUR Million [+]
GDP per capita 28376.38 29053.95 31764.76 9009.41 USD [+]
Gross Fixed Capital Formation 66620.37 67291.73 79634.80 52865.10 EUR Million [+]
GDP per capita PPP 32929.10 33715.37 36861.12 29679.60 USD [+]


GDP Growth Rate Reference Previous Highest Lowest Unit
Australia 0.30 Aug/14 0.50 4.50 -2.00 percent [+]
Brazil 0.10 Aug/14 -0.60 4.50 -4.20 percent [+]
Canada 0.70 Aug/14 0.90 3.33 -1.80 percent [+]
China 1.90 Aug/14 2.00 2.50 1.40 percent [+]
Euro Area 0.20 Aug/14 0.10 1.30 -2.80 percent [+]
France 0.30 Aug/14 -0.10 1.60 -1.70 percent [+]
Germany 0.10 Aug/14 -0.10 2.10 -3.70 percent [+]
India 1.20 May/14 1.90 5.80 -1.90 percent [+]
Indonesia 2.96 Aug/14 2.49 3.82 -3.57 percent [+]
Italy -0.10 Aug/14 -0.20 6.00 -3.50 percent [+]
Japan -0.50 Aug/14 -1.90 3.20 -4.00 percent [+]
Mexico 0.50 Aug/14 0.90 2.90 -6.60 percent [+]
Netherlands 0.20 Aug/14 0.60 2.00 -2.20 percent [+]
Russia 0.04 Aug/14 0.14 4.10 -5.40 percent [+]
South Korea 0.90 Aug/14 0.50 6.80 -7.00 percent [+]
Spain 0.50 Aug/14 0.50 1.53 -1.60 percent [+]
Switzerland 0.60 Aug/14 0.30 1.90 -2.20 percent [+]
Turkey 0.40 Aug/14 -0.50 6.69 -7.57 percent [+]
United Kingdom 0.70 Aug/14 0.90 5.00 -2.70 percent [+]
United States 3.90 Aug/14 4.60 16.90 -10.00 percent [+]