Preliminary figures suggest that the Italian economy expanded by 3.9 percent, compared to the outlined growth of 4.7 percent from the government in the prior year and slowing down sharply from the 6.6 percent expansion from 2022. Looking ahead, the Italian government expects its output to grow by 0.6 percent in 2023. source: National Institute of Statistics (ISTAT)

Full Year GDP Growth in Italy averaged 0.60 percent from 1996 until 2022, reaching an all time high of 6.60 percent in 2021 and a record low of -9.00 percent in 2020. This page includes a chart with historical data for Italy Full Year GDP Growth. Italy Full Year GDP Growth - data, historical chart, forecasts and calendar of releases - was last updated on February of 2023.

Full Year GDP Growth in Italy is expected to reach 0.60 percent by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the Italy Full Year GDP Growth is projected to trend around 1.00 percent in 2024 and 1.20 percent in 2025, according to our econometric models.

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Italy Full Year GDP Growth

Calendar GMT Actual Previous Consensus TEForecast
2021-03-01 11:00 AM 2020 -8.9% 0.3% -8.8%
2022-03-01 11:00 AM 2021 6.6% -9% 6.3%
2023-03-01 11:00 AM 2023 6.6% 3.9%

Related Last Previous Unit Reference
GDP Growth Rate -0.10 0.50 percent Dec 2022
GDP Annual Growth Rate 1.70 2.70 percent Dec 2022
GDP 2107.70 1896.76 USD Billion Dec 2021

Italy Full Year GDP Growth
Italy is the second largest manufacturing economy in Europe and the third largest economy in the Euro Area. Composition of the GDP on the expenditure side: household consumption (61 percent), government expenditure (19 percent) and gross fixed capital formation (17 percent). Exports of goods and services account for 30 percent of GDP while imports for 27 percent, adding 3 percent to total GDP.
Actual Previous Highest Lowest Dates Unit Frequency
3.90 6.60 6.60 -9.00 1996 - 2022 percent Yearly