Italy GDP Annual Growth Rate
The Gross Domestic Product (GDP) in Italy contracted 0.50 percent in the first quarter of 2014 over the same quarter of the previous year. GDP Annual Growth Rate in Italy averaged 2.54 Percent from 1961 until 2014, reaching an all time high of 10.30 Percent in the fourth quarter of 1961 and a record low of -6.90 Percent in the first quarter of 2009. GDP Annual Growth Rate in Italy is reported by the National Institute of Statistics (ISTAT).
||1961 - 2014
Italy has the eighth largest economy in the world and the third largest in the Euro Zone. Services are the biggest sector of the economy and account for 73 percent of total GDP. Within services the most important segments are: wholesale, retail sale, transportation, storage, restaurants and hotels (20 percent of total GDP); public administration, defence and social security (17 percent); real estate (13 percent); financial services (6 percent) and information and communication (5 percent). Industry contributes 25 percent to the country’s GDP. Within industry, manufacturing (17 percent) and construction (5 percent) are the most important sectors. Agriculture contributes the remaining 2 percent. This page provides - Italy GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.