Markets Actual Q1 Q2 Q3 Q4 2020
Currency 1.13 1.13 1.13 1.12 1.11 1.1
Stock Market (points) 21082.58 20348 20040 19738 19441 18857
Government Bond 10Y (%) 2.52 2.87 2.98 3.08 3.2 3.43
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) -0.10 -0.1 0.2 0.2 0.2 0.4
GDP Annual Growth Rate (%) 0.00 0.1 0.2 0.3 0.2 0.8
Unemployment Rate (%) 10.50 10.1 9.9 9.7 9.4 8.8
Inflation Rate (%) 1.00 0.9 1.2 1.4 1.5 2
Inflation Rate Mom (%) 0.10 0.2 0.5 0.5 0.6 0.4
Interest Rate (%) 0.00 0 0 0 0 0.75
Balance of Trade (EUR Million) 321.80 2800 1500 400 6000 5400
Current Account (EUR Million) 3.00 2720 4750 2570 2750 2210
Current Account to GDP (%) 2.60 1.5 1.5 1.5 1.5 1.1
Government Debt to GDP (%) 132.10 133 133 133 133 132
Government Budget (% of GDP) -2.10 -2 -2 -2 -2 -2.4
Business Confidence (Index Points) 101.70 100 98 99 101 102
Services PMI (Index Points) 50.40 50.1 50.5 51.2 51.5 52.9
Manufacturing PMI 47.70 47.6 50.7 51.1 51.6 52.7
Consumer Confidence (Index Points) 112.40 112 109 110 111 112
Retail Sales MoM (%) 0.50 -0.4 -0.3 0.6 0.5 0.4
Corporate Tax Rate (%) 24.00 24 24 24 24 24
Personal Income Tax Rate (%) 43.00 43 43 43 43 43
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) -0.10 -0.1 0.2 0.2 0.2 0.4
GDP Annual Growth Rate (%) 0.00 0.1 0.2 0.3 0.2 0.8
GDP (USD Billion) 1934.80 2010 2010 2010 2010 2050
GDP Constant Prices (EUR Million) 402822.50 403712 404124 403677 403628 406857
Gross Fixed Capital Formation (EUR Million) 74203.10 73165 75036 74054 74352 74946
GDP per capita (USD) 34877.83 35600 35600 35600 35600 36000
GDP per capita PPP (USD) 35220.08 36000 36000 36000 36000 36400
GDP From Agriculture (EUR Million) 6995.70 7195 7129 7078 7010 7066
GDP From Construction (EUR Million) 16386.60 16257 16365 16465 16419 16551
GDP From Manufacturing (EUR Million) 70222.70 70967 70870 70661 70363 70926
GDP From Services (EUR Million) 271485.00 271409 271934 271589 272028 274204
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 10.50 10.1 9.9 9.7 9.4 8.8
Employed Persons (Thousand ) 23235.56 24100 24400 24700 25100 25900
Unemployed Persons (Thousand ) 2719.05 2620 2600 2580 2570 2500
Part Time Employment (Hundreds Person) 35938.62 39400 39800 40900 42000 43000
Full Time Employment (Hundreds Person) 142720.63 146700 147200 147600 148000 149000
Employment Rate (%) 58.70 59 59.1 59.2 59.4 59.6
Labor Force Participation Rate (%) 65.70 65.7 65.7 65.8 65.8 65.9
Long Term Unemployment Rate (%) 5.60 5.2 5 4.9 4.8 4.5
Youth Unemployment Rate (%) 33.00 29.8 29.5 28.9 28.4 27
Labour Costs (Index Points) 108.70 107 109 111 111 113
Wages (EUR/Month) 2434.00 2475 2475 2478 2478 2525
Wages in Manufacturing (Index Points) 113.70 115 115 116 116 118
Wage Growth (%) 1.70 1.7 1.7 1.8 1.8 1.9
Population (Million) 60.48 60.21 60.21 60.21 60.37 60.26
Retirement Age Women 67.00 67 67 67 67 67
Retirement Age Men 67.00 67 67 67 67 67
Wages Low Skilled (EUR/Month) 1130.00 1353 1353 1354 1150 1172
Wages High Skilled (EUR/Month) 2340.00 2542 2542 2545 2382 2427
Living Wage Family (EUR/Month) 1440.00 1485 1485 1486 1466 1494
Living Wage Individual (EUR/Month) 935.00 966 966 967 952 970
Employment Change (%) -0.30 0.2 0.2 0.3 0.2 0.4
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 1.00 0.9 1.2 1.4 1.5 2
Inflation Rate Mom (%) 0.10 0.2 0.5 0.5 0.6 0.4
Harmonised Consumer Prices (Index Points) 101.20 1 105 105 105 107
Consumer Price Index CPI (Index Points) 102.50 103 104 104 104 106
Core Consumer Prices (Index Points) 101.60 102 103 103 103 104
Core Inflation Rate (%) 0.40 0.6 0.7 0.7 1 1.2
GDP Deflator (Index Points) 108.94 110 110 111 112 115
Producer Prices (Index Points) 105.20 105 105 107 107 110
Producer Prices Change (%) 3.40 2.9 2.5 2.3 2.1 2
Export Prices (Index Points) 109.50 109 110 110 111 112
Import Prices (Index Points) 108.00 110 110 111 111 113
Food Inflation (%) 1.70 2 1.8 1.9 2 2.3
CPI Housing Utilities (Index Points) 106.30 104 101 104 107 109
CPI Transportation (Index Points) 103.10 104 107 108 106 108
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 0.00 0 0 0 0 0.75
Interbank Rate (%) -0.31 -0.31 -0.31 -0.31 -0.31 0.19
Money Supply M1 (EUR Million) 1162340.00 1320000 1340000 1360000 1370000 1510000
Money Supply M2 (EUR Million) 1531787.00 1780000 1810000 1830000 1850000 2010000
Money Supply M3 (EUR Million) 1541925.00 1820000 1850000 1870000 1880000 2050000
Banks Balance Sheet (EUR Million) 3684523.55 4050000 4080000 4110000 4150000 4290000
Loans to Private Sector (EUR Million) 679216.00 765000 795000 815000 858000 901000
Private Debt to GDP (%) 168.90 168 168 168 168 166
Central Bank Balance Sheet (EUR Million) 978409.10 1122000 1152000 1201000 1261000 1341000
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (EUR Million) 321.80 2800 1500 400 6000 5400
Current Account (EUR Million) 3.00 2720 4750 2570 2750 2210
Current Account to GDP (%) 2.60 1.5 1.5 1.5 1.5 1.1
Imports (EUR Million) 35381.46 38700 37400 38100 34400 37500
Exports (EUR Million) 35703.26 41500 38900 38500 40400 42900
External Debt (EUR Million) 2139097.00 2190000 2210000 2230000 2250000 2320000
Terms of Trade (Index Points) 101.40 99.09 100 99.1 100 99.12
Capital Flows (EUR Million) 7178.60 1820 6510 5250 5560 5210
Remittances (EUR Million) 153.71 169 165 165 159 155
Gold Reserves (Tonnes) 2451.80 2452 2452 2452 2452 2452
Tourism Revenues (EUR Million) 2197.06 2500 4500 4700 2400 2500
Crude Oil Production (BBL/D/1K) 88.00 85 85 85 84 84
Foreign Direct Investment (EUR Million) 2330.00 -1220 2900 -600 1050 470
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 132.10 133 133 133 133 132
Government Budget (% of GDP) -2.10 -2 -2 -2 -2 -2.4
Government Budget Value (EUR Billion) 16.61 -10 4.6 3.8 -5.8 -4.9
Government Spending (EUR Million) 78024.10 78132 78245 78208 78180 78806
Government Spending to GDP (%) 48.90 47 47 47 47 46
Government Revenues (EUR Billion) 37.43 37.6 49.8 38.2 102 105
Government Debt (EUR Million) 2358007.70 2408000 2421000 2439000 2457000 2514000
Fiscal Expenditure (EUR Billion) 20.82 47.6 45.2 34.4 108 110
Asylum Applications (persons) 2220.00 10500 9950 8700 7080 6820
Taxes Actual Q1 Q2 Q3 Q4 2020
Corporate Tax Rate (%) 24.00 24 24 24 24 24
Personal Income Tax Rate (%) 43.00 43 43 43 43 43
Sales Tax Rate (%) 22.00 22 22 22 22 25
Social Security Rate (%) 39.49 39.49 39.49 39.49 39.49 39.49
Social Security Rate For Companies (%) 30.00 30 30 30 30 30
Social Security Rate For Employees (%) 9.49 9.49 9.49 9.49 9.49 9.49
Business Actual Q1 Q2 Q3 Q4 2020
Business Confidence (Index Points) 101.70 100 98 99 101 102
Services PMI (Index Points) 50.40 50.1 50.5 51.2 51.5 52.9
Manufacturing PMI 47.70 47.6 50.7 51.1 51.6 52.7
Industrial Production (%) -0.80 0.7 1.5 1.2 1.4 1.7
Industrial Production Mom (%) 1.70 0.4 -0.3 0.4 0.3 0.2
Manufacturing Production (%) -2.60 0.8 1.6 1.2 1.5 1.8
Capacity Utilization (%) 78.70 78.5 78.4 78.2 78.4 78.6
Factory Orders (%) 1.80 0.6 -1 -2.4 -0.4 0.2
New Orders (Index Points) 109.60 125 121 112 117 119
Zew Economic Sentiment Index -27.80 -22 -8 -11 -7 -4
Car Registrations 177825.00 217000 199000 177000 125000 129000
Steel Production (Thousand Tonnes) 1959.00 2250 2020 2060 1540 1560
Mining Production (%) -4.60 -3.6 -2.8 -1.4 0.5 1
Bankruptcies (Companies) 2170.00 2900 2900 2400 3600 3400
Composite Pmi 49.60 50 50.5 50.9 51 52.7
Electricity Production (Gigawatt-hour) 26840.00 26200 24200 24300 25170 24500
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Confidence (Index Points) 112.40 112 109 110 111 112
Retail Sales MoM (%) 0.50 -0.4 -0.3 0.6 0.5 0.4
Retail Sales YoY (%) 1.30 1.2 1.5 1.4 1.3 1.5
Consumer Spending (EUR Million) 242630.50 242181 242328 242512 243116 245061
Disposable Personal Income (EUR Million) 295698.00 292320 296598 295994 296289 298660
Personal Savings (%) 8.30 8.5 8.5 8.7 8.7 9.5
Bank Lending Rate (%) 1.98 1.98 1.98 1.98 1.98 2.48
Consumer Credit (EUR Million) 103036.42 97090 99656 100450 102723 103545
Gasoline Prices (USD/Liter) 1.84 1.79 1.75 1.7 1.66 1.66
Households Debt To GDP (% of GDP) 40.90 36.7 36.7 36.7 36.7 34.3
Households Debt To Income (%) 61.12 55.2 55.2 55.2 55.2 53.2
Housing Actual Q1 Q2 Q3 Q4 2020
Construction Output (%) -1.00 0.5 0.2 0.6 1.5 1.6
Housing Index (Index Points) 98.40 99 100 100 101 104
Construction Pmi 50.70 50.1 49 50.2 50.5 52.6
Home Ownership Rate (%) 72.40 71.5 71.5 71.5 71.5 71


This page has economic forecasts for Italy including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Italy economy.