The Italian economy grew by 3.7 percent in 2022, easing considerably from the upwardly revised 7 percent jump in the previous year but extending its recovery from the slump in 2020 brought by the pandemic. The economy posted growth despite seeing soaring energy prices due to the war in Ukraine and aggressive GDP hikes by the European Central Bank to tame inflation. In 2023, the European Commission expects the Italian economy to expand by 0.8%, while the Italian Government and the IMF forecast a slower 0.6% growth. source: National Institute of Statistics (ISTAT)

Full Year GDP Growth in Italy averaged 0.61 percent from 1996 until 2022, reaching an all time high of 7.00 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 June of 2023.

Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
Italy Full Year GDP Growth

Calendar GMT Actual Previous Consensus TEForecast
2022-03-01 11:00 AM 2021 6.6% -9% 6.3%
2023-03-01 10:00 AM 2023 3.7% 7% 3.9%

Related Last Previous Unit Reference
GDP Growth Rate 0.60 -0.10 percent Mar 2023
GDP Annual Growth Rate 1.90 1.40 percent Mar 2023
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
3.70 7.00 7.00 -9.00 1996 - 2022 percent Yearly