Annual gdp growth in Italy
Italy: Annual gdp growth was 0.7 in 2023. ◆ Volatile
Latest (2023)
0.7
Change on year
down 85.0%
World rank
168th
of 211 countries
All-time high
8.93
in 2021
All-time low
-8.87
in 2020
Years of data
24
2000–2023
Annual gdp growth in Italy, 2000–2023
Source: Our World in Data.
Analysis
In 2023, annual gdp growth in Italy stood at 0.7.
That represents a change of down 85.0% on the previous year and up 138.5% over ten years.
Over the whole period, annual gdp growth in Italy peaked at 8.93 in 2021 and was at its lowest, -8.87, in 2020.
Italy ranks 168th of 211 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.539 | -5.31 | 3.88 | 10 |
| 2010s | 0.227 | -3.13 | 1.6 | 10 |
| 2020s | 1.36 | -8.87 | 8.93 | 4 |
Countries ranked near Italy
- 165 New Zealand 0.73 compare
- 165 Syria 0.73 compare
- 167 Switzerland 0.72 compare
- 170 Colombia 0.61 compare
- 171 Nauru 0.59 compare
More economy & growth data for Italy
- External balance on goods and services as a percent of gdp 1.93 (2025)
- Inflation of consumer prices 1.53 (2025)
- Gdp per capita worldbank constant usd 34,716 (2025)
- Manufacturing value added to gdp 15 (2025)
- Gdp worldbank constant usd 2.05 trillion (2025)
- Gdp per capita in international and market dollars 34,716 (2025)
- DEC alternative conversion factor 0.885 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -19.53 billion current LCU (2025)
- Net secondary income (Net current transfers from abroad) -22.07 billion current US$ (2025)
- Taxes less subsidies on products 243.42 billion current LCU (2025)
Frequently asked questions
- What is annual gdp growth in Italy?
- Annual gdp growth in Italy was 0.7 in 2023, according to Our World in Data.
- What is the highest annual gdp growth recorded in Italy?
- The highest recorded value was 8.93 in 2021.
- What is the lowest annual gdp growth recorded in Italy?
- The lowest recorded value was -8.87 in 2020.
- How does Italy rank for annual gdp growth?
- Italy ranks 168th out of 211 countries with data for 2023.
- Is annual gdp growth rising or falling in Italy?
- Over the last ten years it is up 138.5%. The long-run trend across the full record is volatile.
- Where does this Italy data come from?
- The figures come from Our World in Data, published as part of Annual gdp growth. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (Our World in Data).