Italy GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Italy contracted 0.90 percent in the fourth quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Italy is reported by the National Institute of Statistics (ISTAT). GDP Annual Growth Rate in Italy averaged 2.56 Percent from 1961 until 2013, 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. 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. 2014-04-21

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-0.90 -1.90 10.30 -6.90 -0.75 | 2014/03 1961 - 2013 Percent Quarterly


Italy GDP Annual Growth Rate

CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-09-10 09:00 AM Italy
GDP Growth Rate YoY - Final
Q2 2013 -2.1% -2.3% -2.0% -2.0%
2013-12-10 10:00 AM Italy
GDP Growth Rate YoY F.
Q2 2013 -1.8% -2.2% -1.9% -1.64%
2014-02-14 09:00 AM Italy
GDP Growth Rate YoY Adv
Q4 2013 -0.8% -1.9% (R) -0.8% -0.99%
2014-03-11 09:00 AM Italy
GDP Growth Rate YoY Final
Q4 2013 -0.9% -1.9% -0.8% -0.8%
2014-05-15 09:00 AM Italy
GDP Growth Rate YoY Adv
Q1 2014 -0.9% -0.75%
2014-06-10 09:00 AM Italy
GDP Growth Rate YoY Final
Q1 2014 -0.9% -0.75%

GDP Last Previous Highest Lowest Forecast Unit
GDP Constant Prices 341064.20 2013-11-15 340202.00 374371.90 294839.30 339097.87 2014-03-31 EUR Million [+]
Gross Fixed Capital Formation 58470.20 2013-11-15 57972.20 79634.80 52865.10 57566.26 2014-03-31 EUR Million [+]
GDP per capita 28374.76 2012-12-31 29156.29 31263.50 9009.41 27837.42 2013-12-31 USD [+]
GDP per capita PPP 26327.59 2012-12-31 27052.74 29007.91 18814.44 25653.70 2013-12-31 USD [+]
GDP Growth Rate 0.10 2013-12-31 -0.10 6.00 -3.50 0.27 2014-03-31 Percent [+]
GDP Annual Growth Rate -0.90 2013-12-31 -1.90 10.30 -6.90 -0.75 2014-03-31 Percent [+]
GDP 2013.30 2012-12-31 2192.40 2307.30 40.40 1935.35 2013-12-31 USD Billion [+]

GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


Italian Trade Surplus Widens in February  
The trade surplus increased to EUR 2.6 billion in February of 2014, from a revised EUR 0.36 billion in the previous month, as exports increased at a faster pace than imports. Compared with a year earlier, the trade surplus more than doubled from EUR 1.05 billion.
Italy Inflation Rate Confirmed at 0.4% in March  
Italian consumer prices slowed to 0.4 percent year-on-year in March of 2014, the lowest rate since October of 2009 and matching the initial estimates. On a monthly basis, the inflation rate accelerated to 0.1 percent, up from a 0.1 percent fall in February.
Italy Unemployment Rate Edges Up in February  
Italian seasonally adjusted jobless rate increased for the second consecutive month in February of 2014 to a new fresh high of 13.0 percent, up from 12.9 percent in the previous month, and 11.5 percent a year earlier. It is the highest level since records began.
Italy Inflation Rate Down to 4-1/2-Year Low  
In March of 2014, annual consumer prices are expected to slow to 0.4 percent, down from 0.5 percent in the previous month and reaching the lowest rate since October of 2009. The slowdown was mainly due to a fall in prices of energy products and unprocessed food.
Italy Posts Trade Surplus in January  
Italy’s trade balance turned into a € 365 million surplus in January of 2014 compared with a € 1810 million deficit in the same period last year, as imports fell and exports rose slightly. Compared with the previous month, the trade surplus narrowed 89 percent.
Italy Inflation Confirmed at 0.5% in February  
Italian inflation rate rose at its lowest pace in four years of 0.5 percent in February of 2014, confirming the preliminary estimates. The slowdown was mainly due to volatile components, such as unprocessed food and energy.
Italian GDP Growth Confirmed in Q4  
Italian economy returned to growth in the last three months of 2013. Final estimates confirmed the GDP advanced 0.1 percent on a quarter-on-quarter basis, driven by exports and a marginal recovery in investments.
Italy’s Unemployment Rate Up to New Record High  
In January of 2014, Italian jobless rate rose to a new record high of 12.9 percent, up from 12.7 percent in the last month of 2013. The January rate is the highest since the data series began in 1977.
Italian Inflation Falls to 4-Year-Low of 0.5% in February  
In February, Italy's consumer price index rose by 0.5 percent with respect to February of 2013, its slowest pace since October of 2009. The slowdown was mainly driven by lower prices of energy and fresh food.
Italy’s Inflation Confirmed at 0.7% in January  
In January of 2014, the Italian consumer price index rose by 0.2 percent compared with the previous month and by 0.7 percent with respect to January of 2013, the same annual rate of December. Final data confirms the provisional estimates.


Japanese Trade Deficit Widens in March  
Japan’s trade gap increased to a wider-than-expected ¥ 1446.3 billion in March of 2014, up from a revised ¥ 802.5 billion deficit in the previous month and a ¥ 356.9 billion gap a year earlier, as energy imports continued to rise.
Chile Leaves Monetary Policy Unchanged  
At its April 17th, 2014 meeting, Central Bank of Chile left the benchmark interest rate on hold at 4 percent, following last month's cut, citing low output and demand, but hinted possible future rate cuts, depending on domestic and external conditions.
Russia Unemployment Drops in March  
Russian jobless rate fell for the first time in four months to 5.4 percent, after remaining stable at 5.6 percent in the previous two months.
Canada Inflation Rises Above Forecasts in March  
The annual consumer prices in Canada accelerated to 1.5 percent in March of 2014 following a 1.1 increase in the previous month, as energy prices surged.
US Jobless Claims Rise Slightly  
In the week ending April 12, the advance figure for seasonally adjusted initial claims was 304,000, an increase of 2,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 300,000 to 302,000. There were no special factors impacting this week's initial claims.
Brazil Unemployment Rate Down to 5%  
In March of 2014, Brazil’s jobless rate fell by 0.1 percentage point to 5 percent, below market forecasts. A year earlier, unemployment reached 5.7 percent.
Dutch Unemployment Rate Falls for the First Time in 2014  
In March of 2014, Netherlands’ seasonally adjusted jobless rate fell to 8.7 percent from 8.8 percent in the previous month and 8.1 percent a year earlier, as more people left permanently the labor market rather than found jobs.
Singaporean Trade Surplus Narrows Sharply in March  
The trade surplus decreased 51.1 percent in March of 2014 over a year earlier and 47.2 percent from February to SGD 2.3 billion. Imports rose at a faster pace than exports, as sales of pharmaceuticals and electronics fell, while shipments of petrochemicals and re-exports contributed to overall increase.
Mozambique Leaves Lending Rate Steady at 8.25%  
At its April 16th, 2014 meeting, Bank of Mozambique left its benchmark interest rate unchanged at 8.25 percent for the sixth consecutive meeting, saying this was consistent with meeting domestic economic targets for 2014.
Spanish Trade Deficit Narrows to 4-Month Low  
In February of 2014, Spanish trade gap decreased to € 1.62 billion, down from € 2.82 billion in the previous month. Compared with the same month a year earlier, the trade deficit widened 37 percent.

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