Italy GDP Growth Rate 1960-2015 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) in Italy stagnated in the fourth quarter of 2014 over the previous quarter. GDP Growth Rate in Italy averaged 0.61 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
0.00 -0.10 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, April 18, 2015.


Italian Economy Reports No Growth in Q4


The Italian economy stagnated in the last three months of 2014, final figures showed, marking 5th consecutive quarter without any expansion.

Compared to the third quarter of 2014, household expenditure rose a meager 0.1 percent while construction investment shrank 0.6 percent. Exports increased 1.6 percent and imports edged up 0.3 percent. The economy contracted 0.1 percent in the third quarter and 0.2 percent in the second.  

Year-on-year, the GDP shrank 0.5 percent, worse than a 0.3 percent drop initially reported. Final consumption expenditure decreased by 0.3 percent, gross fixed capital formation fell 3.0 percent and imports dropped by 2.0 percent. Exports were the only important sector of the economy which reported 3.8 percent growth. 

Istat | Joana Taborda | joana.taborda@tradingeconomics.com
3/5/2015 2:47:59 PM


Recent Releases

Italian Economy Stagnates in Q4
The Italian GDP recorded no growth in the last three months of 2014, following a 0.1 percent drop in the previous quarter. Although the preliminary estimate came better than market expectations, it marked the 14th consecutive quarter without any expansion. Published on 2015-02-13

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. Published on 2014-12-01


Calendar GMT Event Actual Previous Consensus Forecast (i)
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
0.0% -0.1% -0.1% -0.1%
2015-03-05 09:00 AM
GDP Growth Rate QoQ Final  Q4
0.0% -0.1% 0.0% 0.0%
2015-05-13 09:00 AM
GDP Growth Rate QoQ Adv  Q1
0.0% -0.13%
2015-06-10 10:00 AM
GDP Growth Rate QoQ Final  Q1
0.0%
2015-08-06 10:00 AM
GDP Growth Rate QoQ Adv  Q2
-0.19%


Italy GDP Last Previous Highest Lowest Unit
GDP 2071.31 2013.27 2307.31 40.39 USD Billion [+]
GDP Growth Rate 0.00 -0.10 6.00 -3.50 percent [+]
GDP Annual Growth Rate -0.50 -0.50 10.30 -6.90 percent [+]
GDP Constant Prices 383941.13 385263.00 425242.00 294839.30 EUR Million [+]
GDP per capita 28376.38 29053.95 31764.76 9009.41 USD [+]
Gross Fixed Capital Formation 64503.91 64397.26 93346.00 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 0.50 Nov/14 0.40 4.50 -2.00 percent [+]
Brazil 0.30 Nov/14 0.20 4.50 -4.20 percent [+]
Canada 0.60 Nov/14 0.80 3.33 -1.80 percent [+]
China 1.30 Feb/15 1.50 2.50 1.40 percent [+]
Euro Area 0.30 Nov/14 0.20 1.30 -2.80 percent [+]
France 0.10 Nov/14 0.30 1.60 -1.70 percent [+]
Germany 0.70 Nov/14 0.10 2.10 -3.70 percent [+]
India 1.60 Nov/14 2.20 5.80 -1.90 percent [+]
Indonesia -2.06 Nov/14 3.16 3.83 -3.57 percent [+]
Italy 0.00 Nov/14 -0.10 6.00 -3.50 percent [+]
Japan 0.40 Nov/14 -0.60 3.20 -4.00 percent [+]
Mexico 0.70 Nov/14 0.50 2.90 -6.60 percent [+]
Netherlands 0.80 Nov/14 0.30 2.00 -2.20 percent [+]
Russia 0.00 Nov/14 0.00 4.10 -5.40 percent [+]
South Korea 0.30 Nov/14 0.80 6.80 -7.00 percent [+]
Spain 0.80 Feb/15 0.70 1.53 -1.60 percent [+]
Switzerland 0.60 Nov/14 0.70 1.90 -2.20 percent [+]
Turkey 0.70 Nov/14 0.50 6.69 -7.57 percent [+]
United Kingdom 0.60 Nov/14 0.60 5.00 -2.70 percent [+]
United States 2.20 Nov/14 5.00 16.90 -10.00 percent [+]