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

Italy's gross domestic product remained flat in the second quarter of 2016 compared to a 0.3 percent expansion in the previous period and in line with preliminary estimates. It was the lowest GDP growth since the fourth quarter of 2014, as a positive contribution from foreign trade was offset by a contraction in domestic demand. Compared with the same quarter a year earlier, the GDP advanced 0.8 percent, above preliminary estimates of a 0.7 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
0.00 0.30 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 October of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-05-31 10:00 AM Q1 0.3% 0.2% 0.3% 0.3%
2016-08-12 08:00 AM Q2 0% 0.3% 0.2% 0.2%
2016-09-02 08:00 AM Q2 0% 0.3% 0% 0%
2016-11-15 09:00 AM Q3 0% 0.2%
2016-12-01 10:00 AM Q3 0%

Italian Economy Stalls in Q2


Italy's gross domestic product remained flat in the second quarter of 2016 compared to a 0.3 percent expansion in the previous period and in line with preliminary estimates. It was the lowest GDP growth since the fourth quarter of 2014, as a positive contribution from foreign trade was offset by a contraction in domestic demand. Compared with the same quarter a year earlier, the GDP advanced 0.8 percent, above preliminary estimates of a 0.7 percent growth.

Net exports contributed positively to growth (+0.2 percent from -0.3 percent in Q1) while domestic demand contracted (-0.1 percent from +0.4 percent in Q1). Government spending shrank 0.3 percent (+0.2 percent in Q1) and investments also declined 0.3 percent (+0.8 percent in Q1) while consumer spending advanced 0.1 percent (+0.4 percent in Q1).  On the production side, there was an increase in the value added in both services (+0.5 percent) agriculture (+0.2 percent) sectors while industry contracted 0.6 percent. 

Compared with the same quarter a year earlier, the GDP advanced 0.8 percent, easing from a 1 percent expansion in the three months to March 2016 while above preliminary estimates of 0.7 percent growth.

Istat | Yekaterina Guchshina| yekaterina@tradingeconomics.com
9/2/2016 9:59:36 AM

Italy GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.00 0.30 6.00 -3.00 percent [+]
GDP Annual Growth Rate 0.80 1.00 10.30 -7.20 percent [+]
GDP 1814.76 2138.54 2390.73 40.39 USD Billion [+]
GDP Constant Prices 389234.52 389146.84 424823.77 294839.30 EUR Million [+]
Gross Fixed Capital Formation 65680.33 65421.25 93314.80 52865.10 EUR Million [+]
GDP per capita 33704.69 33457.75 38239.07 10868.35 USD [+]
GDP per capita PPP 33587.12 33341.04 38105.69 30733.53 USD [+]
GDP From Agriculture 7277.30 7216.40 7847.60 6488.60 EUR Million [+]
GDP From Construction 16160.70 16129.30 24298.50 16038.00 EUR Million [+]
GDP From Manufacturing 65673.70 66289.50 78866.20 62001.90 EUR Million [+]
GDP From Services 263122.00 262337.00 272293.60 225298.50 EUR Million [+]




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