GDP growth in Italy
Italy: GDP growth was 0.6927 in 2024. ◆ Volatile
Latest (2024)
0.6927
Change on year
down 29.0%
World rank
58th
of 74 countries
All-time high
8.93
in 2021
All-time low
-8.87
in 2020
Years of data
64
1961–2024
GDP growth in Italy, 1961–2024
Source: UNICEF.
Analysis
In 2024, gdp growth in Italy stood at 0.6927.
Compared with earlier readings it is down 29.0% on the previous year and up 50,018.4% over ten years.
Over the whole period, gdp growth in Italy peaked at 8.93 in 2021 and was at its lowest, -8.87, in 2020.
That places Italy 58th out of 74 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP growth in Italy, year by year
| Year | Value | Change |
|---|---|---|
| 1961 | 8.21 | — |
| 1962 | 6.2 | -24.4% |
| 1963 | 5.61 | -9.6% |
| 1964 | 2.8 | -50.1% |
| 1965 | 3.27 | +16.8% |
| 1966 | 5.98 | +83.1% |
| 1967 | 7.18 | +19.9% |
| 1968 | 6.54 | -8.8% |
| 1969 | 6.1 | -6.8% |
| 1970 | 5.31 | -12.9% |
| 1971 | 1.82 | -65.8% |
| 1972 | 3.69 | +103.0% |
| 1973 | 7.13 | +93.1% |
| 1974 | 5.5 | -22.8% |
| 1975 | -2.09 | -138.0% |
| 1976 | 7.13 | -440.9% |
| 1977 | 2.56 | -64.1% |
| 1978 | 3.24 | +26.5% |
| 1979 | 5.96 | +83.9% |
| 1980 | 3.43 | -42.4% |
| 1981 | 0.8442 | -75.4% |
| 1982 | 0.4136 | -51.0% |
| 1983 | 1.17 | +182.7% |
| 1984 | 3.23 | +175.9% |
| 1985 | 2.8 | -13.3% |
| 1986 | 2.86 | +2.2% |
| 1987 | 3.19 | +11.6% |
| 1988 | 4.19 | +31.4% |
| 1989 | 3.39 | -19.2% |
| 1990 | 1.99 | -41.4% |
| 1991 | 1.54 | -22.5% |
| 1992 | 0.8343 | -45.8% |
| 1993 | -0.8528 | -202.2% |
| 1994 | 2.15 | -352.2% |
| 1995 | 2.89 | +34.2% |
| 1996 | 1.35 | -53.4% |
| 1997 | 1.93 | +43.1% |
| 1998 | 1.8 | -6.3% |
| 1999 | 1.68 | -7.0% |
| 2000 | 3.88 | +131.4% |
| 2001 | 2.01 | -48.3% |
| 2002 | 0.2699 | -86.5% |
| 2003 | 0.0666 | -75.3% |
| 2004 | 1.47 | +2114.8% |
| 2005 | 0.7624 | -48.3% |
| 2006 | 1.8 | +136.0% |
| 2007 | 1.46 | -18.7% |
| 2008 | -1.02 | -170.0% |
| 2009 | -5.31 | +418.5% |
| 2010 | 1.53 | -128.8% |
| 2011 | 0.6955 | -54.5% |
| 2012 | -3.13 | -549.4% |
| 2013 | -1.82 | -41.8% |
| 2014 | -0.0014 | -99.9% |
| 2015 | 0.8857 | -63926.4% |
| 2016 | 1.24 | +39.6% |
| 2017 | 1.6 | +29.7% |
| 2018 | 0.8266 | -48.5% |
| 2019 | 0.4292 | -48.1% |
| 2020 | -8.87 | -2166.4% |
| 2021 | 8.93 | -200.7% |
| 2022 | 4.82 | -46.0% |
| 2023 | 0.9757 | -79.8% |
| 2024 | 0.6927 | -29.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 5.77 | 2.8 | 8.21 | 9 |
| 1970s | 4.02 | -2.09 | 7.13 | 10 |
| 1980s | 2.55 | 0.4136 | 4.19 | 10 |
| 1990s | 1.53 | -0.8528 | 2.89 | 10 |
| 2000s | 0.5395 | -5.31 | 3.88 | 10 |
| 2010s | 0.2261 | -3.13 | 1.6 | 10 |
| 2020s | 1.31 | -8.87 | 8.93 | 5 |
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)
- Gross domestic savings (current US$), annual growth rate 6.32 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.2418 current US$ per US$ of GDP (2025)
- Gross domestic savings (current US$), per capita 10,472 current US$ per person (2025)
- Gross domestic savings (current LCU), annual growth rate 1.84 % change on previous year (2025)
- Gross domestic savings (current LCU), per unit of GDP 0.214 current LCU per US$ of GDP (2025)
- Gross domestic savings (current LCU), per capita 9,268 current LCU per person (2025)
- GNI, Atlas method (current US$), annual growth rate 8.82 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.9716 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is gdp growth in Italy?
- Gdp growth in Italy was 0.6927 in 2024, according to UNICEF.
- What is the highest gdp growth recorded in Italy?
- The highest recorded value was 8.93 in 2021.
- What is the lowest gdp growth recorded in Italy?
- The lowest recorded value was -8.87 in 2020.
- How does Italy rank for gdp growth?
- Italy ranks 58th out of 74 countries with data for 2024.
- Is gdp growth rising or falling in Italy?
- Over the last ten years it is up 50,018.4%. 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 growth (annual %). Statizoid updates them automatically from the source API.
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