GDP (current LCU) (UNICEF) in Italy
Italy: GDP (current LCU) (UNICEF) was 2.20 trillion in 2024. ◆ Volatile
Latest (2024)
2.20 trillion
Change on year
up 2.7%
World rank
28th
of 74 countries
All-time high
2.20 trillion
in 2024
All-time low
13.54 billion
in 1960
Years of data
65
1960–2024
GDP in Italy, 1960–2024
Source: UNICEF.
Analysis
In 2024, gdp in Italy stood at 2.20 trillion. That is the highest value across all 65 years on record.
That represents a change of up 2.7% on the previous year and up 34.5% over ten years.
Over the whole period, gdp in Italy peaked at 2.20 trillion in 2024 and was at its lowest, 13.54 billion, in 1960.
Italy ranks 28th of 74 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.
GDP (current LCU) (UNICEF) in Italy, year by year
| Year | Value | Change |
|---|---|---|
| 1960 | 13.54 billion | — |
| 1961 | 15.06 billion | +11.2% |
| 1962 | 16.92 billion | +12.4% |
| 1963 | 19.38 billion | +14.5% |
| 1964 | 21.21 billion | +9.5% |
| 1965 | 22.83 billion | +7.6% |
| 1966 | 24.73 billion | +8.4% |
| 1967 | 27.24 billion | +10.2% |
| 1968 | 29.53 billion | +8.4% |
| 1969 | 32.60 billion | +10.4% |
| 1970 | 36.69 billion | +12.5% |
| 1971 | 40.04 billion | +9.1% |
| 1972 | 43.85 billion | +9.5% |
| 1973 | 52.96 billion | +20.8% |
| 1974 | 67.19 billion | +26.9% |
| 1975 | 76.96 billion | +14.5% |
| 1976 | 96.83 billion | +25.8% |
| 1977 | 117.66 billion | +21.5% |
| 1978 | 138.41 billion | +17.6% |
| 1979 | 169.32 billion | +22.3% |
| 1980 | 211.58 billion | +25.0% |
| 1981 | 253.45 billion | +19.8% |
| 1982 | 299.14 billion | +18.0% |
| 1983 | 348.32 billion | +16.4% |
| 1984 | 398.25 billion | +14.3% |
| 1985 | 446.96 billion | +12.2% |
| 1986 | 494.17 billion | +10.6% |
| 1987 | 540.59 billion | +9.4% |
| 1988 | 600.72 billion | +11.1% |
| 1989 | 659.57 billion | +9.8% |
| 1990 | 732.62 billion | +11.1% |
| 1991 | 800.29 billion | +9.2% |
| 1992 | 842.22 billion | +5.2% |
| 1993 | 867.49 billion | +3.0% |
| 1994 | 917.54 billion | +5.8% |
| 1995 | 990.52 billion | +8.0% |
| 1996 | 1.05 trillion | +5.8% |
| 1997 | 1.10 trillion | +4.5% |
| 1998 | 1.14 trillion | +4.2% |
| 1999 | 1.18 trillion | +3.2% |
| 2000 | 1.24 trillion | +5.7% |
| 2001 | 1.31 trillion | +5.1% |
| 2002 | 1.36 trillion | +3.6% |
| 2003 | 1.40 trillion | +3.2% |
| 2004 | 1.46 trillion | +4.1% |
| 2005 | 1.50 trillion | +2.9% |
| 2006 | 1.56 trillion | +4.1% |
| 2007 | 1.62 trillion | +4.0% |
| 2008 | 1.64 trillion | +1.4% |
| 2009 | 1.58 trillion | -3.6% |
| 2010 | 1.62 trillion | +2.1% |
| 2011 | 1.66 trillion | +2.4% |
| 2012 | 1.63 trillion | -1.5% |
| 2013 | 1.62 trillion | -0.7% |
| 2014 | 1.64 trillion | +0.9% |
| 2015 | 1.66 trillion | +1.7% |
| 2016 | 1.70 trillion | +2.5% |
| 2017 | 1.74 trillion | +2.3% |
| 2018 | 1.78 trillion | +1.9% |
| 2019 | 1.80 trillion | +1.5% |
| 2020 | 1.67 trillion | -7.4% |
| 2021 | 1.84 trillion | +10.3% |
| 2022 | 2.00 trillion | +8.4% |
| 2023 | 2.14 trillion | +7.2% |
| 2024 | 2.20 trillion | +2.7% |
Italy compared with similar countries
- Italy's 2.20 trillion is above the median for high income countries, which is 528.44 billion, 4.2× the median. (42 countries reporting)
- Italy's 2.20 trillion is above the median for Europe & Central Asia, which is 591.53 billion, 3.7× the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 22.30 billion | 13.54 billion | 32.60 billion | 10 |
| 1970s | 83.99 billion | 36.69 billion | 169.32 billion | 10 |
| 1980s | 425.27 billion | 211.58 billion | 659.57 billion | 10 |
| 1990s | 961.23 billion | 732.62 billion | 1.18 trillion | 10 |
| 2000s | 1.47 trillion | 1.24 trillion | 1.64 trillion | 10 |
| 2010s | 1.69 trillion | 1.62 trillion | 1.80 trillion | 10 |
| 2020s | 1.97 trillion | 1.67 trillion | 2.20 trillion | 5 |
Countries ranked near Italy
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 gdp in Italy?
- Gdp in Italy was 2.20 trillion in 2024, according to UNICEF.
- What is the highest gdp recorded in Italy?
- The highest recorded value was 2.20 trillion in 2024.
- What is the lowest gdp recorded in Italy?
- The lowest recorded value was 13.54 billion in 1960.
- How does Italy rank for gdp?
- Italy ranks 28th out of 74 countries with data for 2024.
- Is gdp rising or falling in Italy?
- Over the last ten years it is up 34.5%. The long-run trend across the full record is volatile.
- Where does this Italy data come from?
- The figures come from UNICEF, published as part of GDP (current LCU). Statizoid updates them automatically from the source API.
Download this data
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