The Italian economy expanded by 2.6 percent year-on-year in the third quarter of 2022, in line with previous estimates. While remaining well above the market forecasts prior to the first estimate, it marked the slowest period of yearly growth since the first quarter of 2021. source: National Institute of Statistics (ISTAT)

GDP Annual Growth Rate in Italy averaged 2.30 percent from 1961 until 2022, reaching an all time high of 16.70 percent in the second quarter of 2021 and a record low of -17.90 percent in the second quarter of 2020. This page provides the latest reported value for - Italy GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Italy GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2022.

GDP Annual Growth Rate in Italy is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Italy GDP Annual Growth Rate is projected to trend around 2.30 percent in 2023, according to our econometric models.

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Italy GDP Annual Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-10-31 09:00 AM YoY Adv Q3 2.6% 4.9% 2% 2%
2022-11-30 09:00 AM YoY Final Q3 2.6% 4.9% 2.6% 2.6%
2023-01-31 10:00 AM YoY Adv Q4


Related Last Previous Unit Reference
GDP Growth Rate 0.50 1.10 percent Sep 2022
GDP Annual Growth Rate 2.60 4.90 percent Sep 2022
GDP Constant Prices 437702.30 435653.70 EUR Million Sep 2022
Gross Fixed Capital Formation 92827.10 91787.00 EUR Million Sep 2022
Full Year GDP Growth 6.60 -9.00 percent Dec 2021
GDP from Services 290573.80 287640.30 EUR Million Sep 2022
GDP from Manufacturing 75895.10 76316.60 EUR Million Sep 2022
GDP from Construction 21354.90 21767.30 EUR Million Sep 2022
GDP from Agriculture 7612.90 7729.10 EUR Million Sep 2022

Italy GDP Annual Growth Rate
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
2.60 4.90 16.70 -17.90 1961 - 2022 percent Quarterly
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