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.