Key data points
Last release
—
Observation period
2023
Next release
—
Forecast
—
Highest
7.00% on Dec 31, 2021
Lowest
−9.00% on Dec 31, 2020
About Italy 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.