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

The Gross Domestic Product (GDP) in Italy expanded 0.30 percent in the first quarter of 2015 over the previous quarter. GDP Growth Rate in Italy averaged 0.61 percent from 1960 until 2015, 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).

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Italy GDP Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.00 6.00 -3.50 1960 - 2015 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 Wednesday, July 1, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-03-05 09:00 AM Q4 0.0% -0.1% 0.0% 0.0%
2015-05-13 09:00 AM Q1 0.3% 0.0% 0.2% 0.13%
2015-05-29 09:00 AM Q1 0.3% 0.0% 0.3% 0.3%
2015-08-06 10:00 AM Q2 0.3% 0.16%
2015-08-28 11:00 AM Q2 0.3%
2015-11-13 09:00 AM Q3 0.22%


Italian GDP Grows for the First Time in Six Quarters


The Italian economy advanced 0.3 percent on quarter in the first three months of 2015, matching preliminary estimates and marking the first expansion since mid-2013. Investments were the main driver of growth while private consumption and net external demand contributed negatively.

Gross fixed capital formation was the main driver of growth (up 1.5 percent), mainly due to rise in investment in construction (0.5 percent) and transport equipment (up 28.7 percent). Government spending edged up 0.1 percent while household consumption shrank 0.1 percent. Exports showed no growth and imports increased 1.4 percent.

Year-on-year, the economy advanced 0.1 percent, compared to a preliminary estimate of no growth.

For 2015, the government expects the economy to expand 0.7 percent, following a 0.4 percent contraction in 2014.

Istat | Joana Taborda | joana.taborda@tradingeconomics.com
5/29/2015 10:26:42 AM


Recent Releases

Italian GDP Growth Beats Expectations
The Italian economy expanded 0.3 percent in the first three months of 2015, after showing no growth or contracting in five previous quarters. It is the strongest expansion in four years.
Published on 2015-05-13

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.
Published on 2015-03-05

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


Italy GDP Last Previous Highest Lowest Unit
GDP 2071.31 2013.27 2307.31 40.39 USD Billion [+]
GDP Growth Rate 0.30 0.00 6.00 -3.50 percent [+]
GDP Annual Growth Rate 0.10 -0.50 10.30 -6.90 percent [+]
GDP Constant Prices 385340.05 383969.00 425242.00 294839.30 EUR Million [+]
GDP per capita 28376.38 29053.95 31764.76 9009.41 USD [+]
Gross Fixed Capital Formation 65612.69 64642.00 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 0.90 Mar/15 0.50 4.50 -2.00 percent [+]
Brazil -0.20 Mar/15 0.30 4.50 -4.20 percent [+]
Canada -0.10 Mar/15 0.60 3.33 -1.80 percent [+]
China 1.30 Mar/15 1.50 2.50 1.30 percent [+]
Euro Area 0.40 Mar/15 0.40 1.30 -2.90 percent [+]
France 0.60 Mar/15 0.10 7.70 -5.00 percent [+]
Germany 0.30 Mar/15 0.70 2.10 -3.70 percent [+]
India 4.10 Mar/15 3.10 7.40 -3.40 percent [+]
Indonesia -0.18 Mar/15 -2.06 3.83 -3.57 percent [+]
Italy 0.30 Mar/15 0.00 6.00 -3.50 percent [+]
Japan 1.00 Mar/15 0.30 3.20 -4.00 percent [+]
Mexico 0.40 Mar/15 0.70 2.90 -6.60 percent [+]
Netherlands 0.60 Mar/15 0.90 2.00 -2.20 percent [+]
Russia -1.29 Mar/15 -0.55 4.10 -5.40 percent [+]
South Korea 0.80 Mar/15 0.30 6.80 -7.00 percent [+]
Spain 1.00 Jun/15 0.90 1.53 -1.60 percent [+]
Switzerland -0.20 Mar/15 0.50 1.90 -2.20 percent [+]
Turkey 1.30 Mar/15 0.80 6.69 -7.57 percent [+]
United Kingdom 0.40 Mar/15 0.80 5.00 -2.70 percent [+]
United States -0.20 Mar/15 2.20 16.90 -10.00 percent [+]