Current account balance in Italy
Italy: Current account balance was 1.1% in 2025. ◆ Volatile
Current account balance in Italy, 1970–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Italy recorded 1.1% for current account balance in 2025.
That represents a change of up 4.5% on the previous year and down 7.0% over ten years.
Over the whole period, current account balance in Italy peaked at 3.9% in 2020 and was at its lowest, -4.1%, in 1974.
Italy ranks 71st of 200 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance in Italy, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 0.7% | — |
| 1971 | 1.3% | +80.2% |
| 1972 | 1.4% | +5.2% |
| 1973 | -1.6% | -218.6% |
| 1974 | -4.1% | +156.0% |
| 1975 | -0.3% | -93.0% |
| 1976 | -1.3% | +341.3% |
| 1977 | 0.9% | -171.5% |
| 1978 | 1.9% | +111.1% |
| 1979 | 1.5% | -21.7% |
| 1980 | -2.2% | -247.2% |
| 1981 | -2.4% | +8.8% |
| 1982 | -1.7% | -28.1% |
| 1983 | 0.1% | -108.4% |
| 1984 | -0.7% | -601.3% |
| 1985 | -0.9% | +23.5% |
| 1986 | 0.4% | -141.9% |
| 1987 | -0.3% | -184.2% |
| 1988 | -0.8% | +151.5% |
| 1989 | -1.4% | +72.3% |
| 1990 | -1.4% | +0.7% |
| 1991 | -1.9% | +40.1% |
| 1992 | -2.2% | +13.7% |
| 1993 | 0.7% | -132.7% |
| 1994 | 1.2% | +65.4% |
| 1995 | 2.1% | +77.9% |
| 1996 | 3.0% | +42.6% |
| 1997 | 2.6% | -14.7% |
| 1998 | 1.6% | -39.1% |
| 1999 | 0.8% | -49.6% |
| 2000 | -0.3% | -134.0% |
| 2001 | 0.2% | -157.3% |
| 2002 | -0.5% | -416.4% |
| 2003 | -0.8% | +56.5% |
| 2004 | -0.5% | -35.4% |
| 2005 | -0.9% | +80.9% |
| 2006 | -1.4% | +61.3% |
| 2007 | -1.4% | -6.3% |
| 2008 | -2.7% | +98.2% |
| 2009 | -1.8% | -34.0% |
| 2010 | -3.2% | +82.9% |
| 2011 | -2.7% | -15.5% |
| 2012 | -0.2% | -92.1% |
| 2013 | 1.0% | -582.4% |
| 2014 | 1.7% | +64.7% |
| 2015 | 1.2% | -27.9% |
| 2016 | 2.5% | +99.6% |
| 2017 | 2.5% | +0.7% |
| 2018 | 2.6% | +3.7% |
| 2019 | 3.2% | +25.8% |
| 2020 | 3.9% | +21.7% |
| 2021 | 2.0% | -48.2% |
| 2022 | -1.8% | -189.7% |
| 2023 | 0.3% | -113.8% |
| 2024 | 1.1% | +335.8% |
| 2025 | 1.1% | +4.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0% | -4.1% | 1.9% | 10 |
| 1980s | -1.0% | -2.4% | 0.4% | 10 |
| 1990s | 0.7% | -2.2% | 3.0% | 10 |
| 2000s | -1.0% | -2.7% | 0.2% | 10 |
| 2010s | 0.9% | -3.2% | 3.2% | 10 |
| 2020s | 1.1% | -1.8% | 3.9% | 6 |
Countries ranked near Italy
More economy & growth data for Italy
- 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)
- Imports of goods and services (constant 2015 US$), annual growth rate 3.64 % change on previous year (2025)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.2455 constant 2015 US$ per US$ of GDP (2025)
- Imports of goods and services (constant 2015 US$), per capita 10,630 constant 2015 US$ per person (2025)
- External balance on goods and services (current US$), annual growth -0.5061 % change on previous year (2025)
- External balance on goods and services (current LCU), annual growth -4.7 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), annual 5.49 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 0.0183 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 791.64 current LCU per person (2025)
Frequently asked questions
- What is current account balance in Italy?
- Current account balance in Italy was 1.1% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Italy?
- The highest recorded value was 3.9% in 2020.
- What is the lowest current account balance recorded in Italy?
- The lowest recorded value was -4.1% in 1974.
- How does Italy rank for current account balance?
- Italy ranks 71st out of 200 countries with data for 2025.
- Is current account balance rising or falling in Italy?
- Over the last ten years it is down 7.0%. The long-run trend across the full record is volatile.
- Where does this Italy data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.