Markets Actual Q1 Q2 Q3 Q4 2020
Currency 1.11 1.11 1.1 1.1 1.1 1.09
Stock Market (points) 23845.28 23276 22991 22708 22428 21881
Government Bond 10Y (%) 1.39 1.41 1.49 1.57 1.65 1.83
2 Year Note Yield (%) 0.02 0.01 0.01 0.02 0.03 0.03
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.10 0.2 0.1 0.2 0.2 0.3
GDP Annual Growth Rate (%) 0.30 0.3 0.3 0.4 0.3 0.8
Unemployment Rate (%) 9.70 9.4 9.2 9.1 8.8 8
Inflation Rate (%) 0.50 0.4 0.4 0.7 0.9 1.1
Inflation Rate Mom (%) 0.20 0.5 0.3 -0.4 0.5 0.5
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (EUR Million) 4872.00 4180 4840 5000 2400 1900
Current Account (EUR Million) 4921.40 2460 4220 2290 2210 1910
Current Account to GDP (%) 2.60 2.5 2.5 2.5 2.5 2.9
Government Debt to GDP (%) 134.80 137 137 137 137 137
Government Budget (% of GDP) -2.20 -2.4 -2.4 -2.4 -2.4 -2.9
Business Confidence (points) 99.10 102 102 102 102 104
Services PMI (points) 51.10 51.1 52.4 52.8 52.9 52.9
Manufacturing PMI (points) 46.20 52 51.9 52.5 52.7 53.8
Consumer Confidence (points) 110.80 112 112 112 112 115
Retail Sales MoM (%) -0.20 -0.2 1 0.4 0.4 0.5
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 0.2 0.1 0.2 0.2 0.3
GDP Annual Growth Rate (%) 0.30 0.3 0.3 0.4 0.3 0.8
GDP (USD Billion) 2073.90 2150 2150 2150 2150 2280
GDP Constant Prices (EUR Million) 430459.00 430376 430640 431032 431750 435204
Gross Fixed Capital Formation (EUR Million) 79511.00 79592 79739 79617 79750 80388
GDP per capita (USD) 35391.70 35800 35800 35800 35800 36400
GDP per capita PPP (USD) 35739.00 36400 36400 36400 36400 36400
GDP From Agriculture (EUR Million) 8001.00 8401 8173 8012 8025 8089
GDP From Construction (EUR Million) 17195.00 17385 17187 17218 17247 17385
GDP From Manufacturing (EUR Million) 76086.00 76519 76310 76187 76314 76925
GDP From Services (EUR Million) 286742.00 285838 286700 287123 287602 289903
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 9.70 9.4 9.2 9.1 8.8 8
Employed Persons (Thousand ) 23486.34 25400 25400 25400 25900 26700
Unemployed Persons (Thousand ) 2534.53 2550 2550 2540 2500 2450
Part Time Employment (Hundreds Person) 36964.59 42400 42400 42400 43000 44100
Full Time Employment (Hundreds Person) 144862.02 148400 148400 148400 149000 150000
Employment Rate (%) 59.40 59.5 59.5 59.6 59.6 59.8
Labor Force Participation Rate (%) 66.00 65.9 65.9 66 65.9 66
Long Term Unemployment Rate (%) 5.20 5.6 5.6 5.6 5.6 5.6
Youth Unemployment Rate (%) 28.60 28.6 28.6 28.6 28.6 28.6
Labour Costs (points) 110.70 113 113 112 113 115
Wages (EUR/Month) 2467.00 2502 2502 2504 2509 2554
Wages in Manufacturing (points) 102.80 104 104 104 105 106
Wage Growth (%) 0.60 1.4 1.4 1.5 1.7 1.8
Population (Million) 60.48 60.26 60.26 60.26 60.26 60.15
Retirement Age Women 67.00 67 67 67 67 67.25
Retirement Age Men 67.00 67 67 67 67 67.25
Wages Low Skilled (EUR/Month) 1130.00 1146 1146 1147 1149 1170
Wages High Skilled (EUR/Month) 2340.00 2373 2373 2375 2380 2423
Living Wage Family (EUR/Month) 1440.00 1460 1460 1462 1464 1491
Living Wage Individual (EUR/Month) 935.00 948 948 949 951 968
Employment Change (%) 0.10 0.3 0.3 0.2 0.4 0.3
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 0.50 0.4 0.4 0.7 0.9 1.1
Inflation Rate Mom (%) 0.20 0.5 0.3 -0.4 0.5 0.5
Harmonised Consumer Prices (points) 103.80 105 105 105 107 109
Consumer Price Index CPI (points) 102.80 103 104 104 104 105
Core Consumer Prices (points) 102.20 103 104 104 103 105
Core Inflation Rate (%) 0.60 0.9 1 1.1 1.2 1.5
GDP Deflator (points) 103.59 104 104 104 105 106
Producer Prices (points) 103.10 106 105 104 105 106
Producer Prices Change (%) -2.50 1 0.9 1.1 1.4 1.7
Export Prices (points) 112.50 112 112 112 112 114
Import Prices (points) 107.20 112 112 112 113 113
Food Inflation (%) 0.80 1.4 1.5 1.6 1.8 2.1
CPI Housing Utilities (points) 103.50 107 104 103 104 105
CPI Transportation (points) 105.40 105 107 106 106 107
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 0.00 0 0 0 0 0
Interbank Rate (%) -0.40 -0.4 -0.4 -0.4 -0.4 -0.4
Money Supply M2 (EUR Million) 1649898.00 1760000 1790000 1840000 1920000 1920000
Banks Balance Sheet (EUR Million) 3812706.04 3970000 4080000 4170000 4220000 4220000
Loans to Private Sector (EUR Million) 642535.00 665865 659436 648781 645317 650480
Private Debt to GDP (%) 166.20 166 166 166 166 165
Central Bank Balance Sheet (EUR Million) 994213.40 1161000 1211000 1259000 1321000 1371000
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (EUR Million) 4872.00 4180 4840 5000 2400 1900
Current Account (EUR Million) 4921.40 2460 4220 2290 2210 1910
Current Account to GDP (%) 2.60 2.5 2.5 2.5 2.5 2.9
Imports (EUR Million) 35300.29 38020 37060 32100 34500 37500
Exports (EUR Million) 40172.23 42200 41900 37100 36900 39400
External Debt (EUR Million) 2258602.00 2270000 2290000 2300000 2320000 2380000
Terms of Trade (points) 104.90 100 100 100 99.12 99.13
Capital Flows (EUR Million) 8465.90 1640 1640 1640 5210 5010
Remittances (EUR Million) 120.66 165 165 165 155 151
Gold Reserves (Tonnes) 2451.84 2452 2452 2452 2452 2452
Tourism Revenues (EUR Million) 2399.84 2700 4650 5100 2500 2700
Crude Oil Production (BBL/D/1K) 76.00 78 78 78 78 75
Foreign Direct Investment (EUR Million) 3214.00 -1120 -2870 -400 470 580
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 134.80 137 137 137 137 137
Government Budget (% of GDP) -2.20 -2.4 -2.4 -2.4 -2.4 -2.9
Government Budget Value (EUR Billion) -13.68 -25.6 9.7 -28.4 5.4 2.1
Government Spending (EUR Million) 80209.00 80108 80207 80316 80450 81093
Government Spending to GDP (%) 48.60 49.5 49.5 49.5 49.5 50
Government Revenues (EUR Billion) 47.32 37.2 44.4 40.1 104 107
Government Debt (EUR Million) 2444610.20 2478000 2512000 2544000 2594000 2654000
Fiscal Expenditure (EUR Billion) 60.99 62.8 34.7 68.5 99 105
Asylum Applications (persons) 3875.00 9400 9400 9400 6820 5920
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 25 25 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 Q1 Q2 Q3 Q4 2020
Business Confidence (points) 99.10 102 102 102 102 104
Services PMI (points) 51.10 51.1 52.4 52.8 52.9 52.9
Manufacturing PMI (points) 46.20 52 51.9 52.5 52.7 53.8
Industrial Production (%) -0.60 0.7 1.1 1.4 1.2 1.6
Industrial Production Mom (%) 0.10 -0.4 -0.2 -0.3 0.2 0.3
Manufacturing Production (%) -0.50 0.5 0.9 1.2 1.1 1.5
Capacity Utilization (%) 77.10 78.5 78.5 78.5 78.6 78.7
Factory Orders (%) 0.60 1 0.8 1.2 0.2 0.3
New Orders (points) 112.20 123 123 123 119 120
Zew Economic Sentiment Index -9.20 -24 -24 -17 -8 -4
Car Registrations 140075.00 185000 177000 105000 121000 126000
Steel Production (Thousand Tonnes) 1971.00 2050 1980 2120 1660 1710
Mining Production (%) 1.90 0.7 0.7 0.8 1 0.9
Bankruptcies (Companies) 2844.00 3200 3200 3200 3400 3200
Composite Pmi (points) 49.30 50.8 50.8 51.9 52.7 53.7
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Confidence (points) 110.80 112 112 112 112 115
Retail Sales MoM (%) -0.20 -0.2 1 0.4 0.4 0.5
Retail Sales YoY (%) 0.90 1.5 1.2 1.4 1.5 1.7
Consumer Spending (EUR Million) 262418.00 261318 261597 262767 263205 265311
Disposable Personal Income (EUR Million) 299868.00 297103 297618 297716 298213 300599
Personal Savings (%) 8.90 9 9 9.2 9.5 10
Bank Lending Rate (%) 1.83 1.83 1.83 1.83 1.83 1.83
Consumer Credit (EUR Million) 110927.70 105115 107743 109095 110426 111309
Gasoline Prices (USD/Liter) 1.90 2.09 2.14 2.19 2.24 2.24
Households Debt To GDP (% of GDP) 41.30 34.3 34.3 34.3 34.3 34
Households Debt To Income (%) 60.95 58 58 58 58 56
Housing Actual Q1 Q2 Q3 Q4 2020
Construction Output (%) -3.40 2 1.8 1.7 1.6 1.7
Housing Index (points) 98.80 101 101 102 104 106
Construction Pmi (points) 47.70 51.1 50.9 51.6 52.6 53.4
Home Ownership Rate (%) 72.40 71 71 71 71 70


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.