Annual GDP growth (%) in Italy
Italy: Annual GDP growth (%) was 0.7% in 2024. ◆ Volatile
Annual GDP growth in Italy, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
The most recent figure for annual gdp growth in Italy is 0.7%, measured in 2024.
Compared with earlier readings it is down 29.0% on the previous year and up 50,018.5% over ten years.
Over the whole period, annual gdp growth in Italy peaked at 8.9% in 2021 and was at its lowest, -8.9%, in 2020.
Italy ranks 196th of 230 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth (%) in Italy, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 3.9% | — |
| 2001 | 2.0% | -48.3% |
| 2002 | 0.3% | -86.5% |
| 2003 | 0.1% | -75.3% |
| 2004 | 1.5% | +2114.8% |
| 2005 | 0.8% | -48.3% |
| 2006 | 1.8% | +136.0% |
| 2007 | 1.5% | -18.7% |
| 2008 | -1.0% | -170.0% |
| 2009 | -5.3% | +418.5% |
| 2010 | 1.5% | -128.8% |
| 2011 | 0.7% | -54.5% |
| 2012 | -3.1% | -549.4% |
| 2013 | -1.8% | -41.8% |
| 2014 | -0.0% | -99.9% |
| 2015 | 0.9% | -63926.4% |
| 2016 | 1.2% | +39.6% |
| 2017 | 1.6% | +29.7% |
| 2018 | 0.8% | -48.5% |
| 2019 | 0.4% | -48.1% |
| 2020 | -8.9% | -2166.4% |
| 2021 | 8.9% | -200.7% |
| 2022 | 4.8% | -46.0% |
| 2023 | 1.0% | -79.8% |
| 2024 | 0.7% | -29.0% |
Italy compared with similar countries
- Italy's 0.7% is below the median for high income countries, which is 2.1%, 33% of the median. (80 countries reporting)
- Italy's 0.7% is below the median for Europe & Central Asia, which is 2.6%, 27% of the median. (55 countries reporting)
Biggest year-on-year movements
Years where Annual GDP growth (%) in Italy changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2015 | +63926.4% | -0.0% | 0.9% |
| 2004 | +2114.8% | 0.1% | 1.5% |
| 2020 | -2166.4% | 0.4% | -8.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.5% | -5.3% | 3.9% | 10 |
| 2010s | 0.2% | -3.1% | 1.6% | 10 |
| 2020s | 1.3% | -8.9% | 8.9% | 5 |
Countries ranked near Italy
- 193 Syrian Arab Republic 0.7% compare
- 193 Syria 0.7% compare
- 195 Micronesia (Federated States of) 0.7% compare
- 197 Hungary 0.6% compare
- 198 South Africa 0.5% compare
- 199 Finland 0.4% compare
More economy & growth data for Italy
- Real gdp growth, annual growth rate -31.03 % change on previous year (2025)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.18 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 0.8337 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 4.59 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0116 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 502.25 units per person (2025)
- SDRs holdings, SDR, annual growth rate -0.3992 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0085 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 366.74 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 2.39 % change on previous year (2025)
Frequently asked questions
- What is annual gdp growth in Italy?
- Annual gdp growth in Italy was 0.7% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Italy?
- The highest recorded value was 8.9% in 2021.
- What is the lowest annual gdp growth recorded in Italy?
- The lowest recorded value was -8.9% in 2020.
- How does Italy rank for annual gdp growth?
- Italy ranks 196th out of 230 countries with data for 2024.
- Is annual gdp growth rising or falling in Italy?
- Over the last ten years it is up 50,018.5%. The long-run trend across the full record is volatile.
- Where does this Italy data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
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