Markets Actual Q3 Q4 Q1 Q2 2020
Currency 1.12 1.13 1.13 1.12 1.12 1.11
Stock Market (points) 21702.41 20940 20649 20362 20077 19523
Government Bond 10Y (%) 1.59 2.15 2.22 2.28 2.35 2.49
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 0.10 0.2 0.2 0.3 0.3 0.4
GDP Annual Growth Rate (%) -0.10 0.3 0.2 0.5 0.5 0.8
Unemployment Rate (%) 9.90 9.7 9.4 9.4 9.2 8.8
Inflation Rate (%) 0.70 0.6 1 1.1 1.3 1.2
Inflation Rate Mom (%) 0.10 -0.5 0.4 0.5 0.3 0.5
Interest Rate (%) 0.00 0 0 0 0 0.25
Balance of Trade (EUR Million) 5347.00 400 6000 2180 2180 5400
Current Account (EUR Million) 2599.00 2570 2750 2460 2460 2210
Current Account to GDP (%) 2.50 3 3 2.5 2.5 2.5
Government Debt to GDP (%) 132.20 133 133 133 133 133
Government Budget (% of GDP) -2.10 -2.6 -2.6 -3.6 -3.6 -3.6
Business Confidence (Index Points) 100.80 99 101 102 102 102
Services PMI (Index Points) 50.50 51.2 51.5 52 52.4 52.9
Manufacturing PMI 48.40 51.1 51.6 52 51.9 52.7
Consumer Confidence (Index Points) 109.60 110 111 112 112 112
Retail Sales MoM (%) -0.70 0.6 0.5 -0.2 -0.2 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 Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 0.10 0.2 0.2 0.3 0.3 0.4
GDP Annual Growth Rate (%) -0.10 0.3 0.2 0.5 0.5 0.8
GDP (USD Billion) 2073.90 2030 2030 2090 2090 2090
GDP Constant Prices (EUR Million) 403596.00 403677 403628 404837 404837 406857
Gross Fixed Capital Formation (EUR Million) 74810.30 74054 74352 74574 74574 74946
GDP per capita (USD) 35391.70 35200 35200 35800 35800 35800
GDP per capita PPP (USD) 35739.00 36000 36000 36400 36400 36400
GDP From Agriculture (EUR Million) 7159.00 7078 7010 7031 7031 7066
GDP From Construction (EUR Million) 16856.00 16465 16419 16469 16469 16551
GDP From Manufacturing (EUR Million) 70681.00 70661 70363 70574 70574 70926
GDP From Services (EUR Million) 271203.00 271589 272028 272842 272842 274204
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 9.90 9.7 9.4 9.4 9.2 8.8
Unemployed Persons (Thousand ) 2579.60 2580 2570 2550 2550 2500
Employment Rate (%) 59.00 59.2 59.4 59.5 59.5 59.6
Labor Force Participation Rate (%) 65.70 65.8 65.8 65.9 65.9 65.9
Long Term Unemployment Rate (%) 6.00 4.9 4.8 4.7 4.7 4.5
Youth Unemployment Rate (%) 30.50 28.9 28.4 28 28 27
Labour Costs (Index Points) 111.20 111 111 111 111 113
Wages (EUR/Month) 2434.00 2478 2478 2480 2480 2525
Wages in Manufacturing (Index Points) 102.20 116 116 116 116 118
Wage Growth (%) 1.60 1.8 1.8 1.9 1.9 1.9
Population (Million) 60.48 60.21 60.37 60.26 60.26 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 1354 1150 1151 1151 1172
Wages High Skilled (EUR/Month) 2340.00 2545 2382 2384 2384 2427
Living Wage Family (EUR/Month) 1440.00 1486 1466 1467 1467 1494
Living Wage Individual (EUR/Month) 935.00 967 952 953 953 970
Employment Change (%) 0.10 0.3 0.2 0.3 0.3 0.4
Prices Actual Q3 Q4 Q1 Q2 2020
Inflation Rate (%) 0.70 0.6 1 1.1 1.3 1.2
Inflation Rate Mom (%) 0.10 -0.5 0.4 0.5 0.3 0.5
Consumer Price Index CPI (Index Points) 103.10 103 103 104 104 105
Core Consumer Prices (Index Points) 102.70 103 103 103 103 104
Core Inflation Rate (%) 0.50 0.7 1 1.1 1.1 1.2
Producer Prices (Index Points) 104.00 107 107 107 107 110
Producer Prices Change (%) 1.50 2.3 2.1 2.2 2 2
Food Inflation (%) 0.30 1.9 2 2.1 2.1 2.3
CPI Housing Utilities (Index Points) 103.40 103 106 107 105 108
CPI Transportation (Index Points) 107.00 107 105 106 108 106
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) 0.00 0 0 0 0 0.25
Interbank Rate (%) -0.33 -0.31 -0.31 -0.06 -0.31 -0.06
Money Supply M2 (EUR Million) 1576757.00 1830000 1850000 1850000 1850000 2010000
Banks Balance Sheet (EUR Million) 3745490.77 4110000 4150000 4150000 4150000 4290000
Loans to Private Sector (EUR Million) 666635.00 815000 858000 679984 668526 901000
Private Debt to GDP (%) 168.90 168 168 166 166 166
Central Bank Balance Sheet (EUR Million) 992464.10 1201000 1261000 1261000 1261000 1341000
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (EUR Million) 5347.00 400 6000 2180 2180 5400
Current Account (EUR Million) 2599.00 2570 2750 2460 2460 2210
Current Account to GDP (%) 2.50 3 3 2.5 2.5 2.5
Imports (EUR Million) 38452.89 38100 34400 40020 40020 37500
Exports (EUR Million) 43800.17 38500 40400 42200 42200 42900
External Debt (EUR Million) 2134121.00 2230000 2250000 2270000 2124148 2320000
Gold Reserves (Tonnes) 2451.80 2452 2452 2452 2452 2452
Tourism Revenues (EUR Million) 3932.85 4700 2400 2700 4650 2500
Crude Oil Production (BBL/D/1K) 82.00 85 84 85 85 84
Foreign Direct Investment (EUR Million) 1808.00 -600 1050 -1120 -1120 470
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 132.20 133 133 133 133 133
Government Budget (% of GDP) -2.10 -2.6 -2.6 -3.6 -3.6 -3.6
Government Budget Value (EUR Billion) 10.44 3.8 -5.8 -10.9 -10.9 -4.9
Government Spending (EUR Million) 78566.20 78208 78180 78414 78414 78806
Government Spending to GDP (%) 48.60 49 49 49.5 49.5 49.5
Government Revenues (EUR Billion) 37.34 38.2 102 40.2 40.2 105
Government Debt (EUR Million) 2364663.30 2439000 2457000 2457000 2457000 2514000
Fiscal Expenditure (EUR Billion) 26.91 34.4 108 51.1 51.1 110
Taxes Actual Q3 Q4 Q1 Q2 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 25 25 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 Q3 Q4 Q1 Q2 2020
Business Confidence (Index Points) 100.80 99 101 102 102 102
Services PMI (Index Points) 50.50 51.2 51.5 52 52.4 52.9
Manufacturing PMI 48.40 51.1 51.6 52 51.9 52.7
Industrial Production (%) -0.70 1.2 1.4 1.6 1.6 1.7
Industrial Production Mom (%) 0.90 0.4 0.3 0.5 0.5 0.2
Manufacturing Production (%) -0.90 1.2 1.5 1.7 1.7 1.8
Factory Orders (%) 2.50 -2.4 -0.4 1 1 0.2
Zew Economic Sentiment Index -28.00 -11 -7 -12 -12 -4
Car Registrations 171626.00 177000 125000 215000 215000 129000
Steel Production (Thousand Tonnes) 2215.00 2060 1540 1540 1540 1560
Mining Production (%) -0.80 -1.4 0.5 0.7 0.7 1
Composite Pmi 50.10 50.9 51 51.5 51.5 52.7
Electricity Production (Gigawatt-hour) 22439.00 24300 25170 25170 25170 24500
Consumer Actual Q3 Q4 Q1 Q2 2020
Consumer Confidence (Index Points) 109.60 110 111 112 112 112
Retail Sales MoM (%) -0.70 0.6 0.5 -0.2 -0.2 0.4
Retail Sales YoY (%) -1.80 1.4 1.3 1.5 1.5 1.5
Consumer Spending (EUR Million) 242896.90 242512 243116 243844 243844 245061
Disposable Personal Income (EUR Million) 296806.00 295994 296289 297176 296843 298660
Personal Savings (%) 8.40 8.7 8.7 9 9 9.5
Bank Lending Rate (%) 1.97 1.98 1.98 2.23 1.98 2.23
Consumer Credit (EUR Million) 106884.80 100450 102723 103552 104269 103545
Gasoline Prices (USD/Liter) 1.93 1.76 1.72 1.68 1.73 1.68
Households Debt To Income (%) 61.12 55.2 55.2 53.2 53.2 53.2
Housing Actual Q3 Q4 Q1 Q2 2020
Construction Output (%) 2.00 3.6 1.9 2 1.8 1.6
Housing Index (Index Points) 97.80 100 101 102 102 104
Construction Pmi 50.70 50.2 50.5 51 51 52.6
Home Ownership Rate (%) 72.40 71.5 71.5 71 71 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.