Gross domestic product (GDP) in Italy
Italy: Gross domestic product (GDP) was 3.00 trillion international-$ in 2021 prices in 2023. ◆ Volatile
Latest (2023)
3.00 trillion international-$ in 2021 prices
Change on year
up 0.9%
World rank
12th
of 184 countries
All-time high
3.00 trillion international-$ in 2021 prices
in 2023
All-time low
238.24 billion international-$ in 2021 prices
in 1950
Years of data
74
1950–2023
Gross domestic product (GDP) in Italy, 1950–2023
Source: Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
In 2023, gross domestic product (gdp) in Italy stood at 3.00 trillion international-$ in 2021 prices. That is the highest value across all 74 years on record.
The figure is up 0.9% on the previous year and up 21.1% over ten years.
Over the whole period, gross domestic product (gdp) in Italy peaked at 3.00 trillion international-$ in 2021 prices in 2023 and was at its lowest, 238.24 billion international-$ in 2021 prices, in 1950.
That places Italy 12th out of 184 countries with data for 2023, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP) in Italy, year by year
| Year | international-$ in 2021 prices | Change |
|---|---|---|
| 1950 | 238.24 billion international-$ in 2021 prices | — |
| 1951 | 259.54 billion international-$ in 2021 prices | +8.9% |
| 1952 | 267.95 billion international-$ in 2021 prices | +3.2% |
| 1953 | 287.07 billion international-$ in 2021 prices | +7.1% |
| 1954 | 299.42 billion international-$ in 2021 prices | +4.3% |
| 1955 | 319.44 billion international-$ in 2021 prices | +6.7% |
| 1956 | 331.72 billion international-$ in 2021 prices | +3.8% |
| 1957 | 345.59 billion international-$ in 2021 prices | +4.2% |
| 1958 | 360.98 billion international-$ in 2021 prices | +4.5% |
| 1959 | 386.65 billion international-$ in 2021 prices | +7.1% |
| 1960 | 422.66 billion international-$ in 2021 prices | +9.3% |
| 1961 | 457.83 billion international-$ in 2021 prices | +8.3% |
| 1962 | 483.63 billion international-$ in 2021 prices | +5.6% |
| 1963 | 506.03 billion international-$ in 2021 prices | +4.6% |
| 1964 | 520.32 billion international-$ in 2021 prices | +2.8% |
| 1965 | 535.22 billion international-$ in 2021 prices | +2.9% |
| 1966 | 565.40 billion international-$ in 2021 prices | +5.6% |
| 1967 | 606.07 billion international-$ in 2021 prices | +7.2% |
| 1968 | 645.29 billion international-$ in 2021 prices | +6.5% |
| 1969 | 684.39 billion international-$ in 2021 prices | +6.1% |
| 1970 | 775.02 billion international-$ in 2021 prices | +13.2% |
| 1971 | 796.26 billion international-$ in 2021 prices | +2.7% |
| 1972 | 832.02 billion international-$ in 2021 prices | +4.5% |
| 1973 | 896.03 billion international-$ in 2021 prices | +7.7% |
| 1974 | 958.43 billion international-$ in 2021 prices | +7.0% |
| 1975 | 964.60 billion international-$ in 2021 prices | +0.6% |
| 1976 | 1.05 trillion international-$ in 2021 prices | +9.0% |
| 1977 | 1.11 trillion international-$ in 2021 prices | +5.6% |
| 1978 | 1.19 trillion international-$ in 2021 prices | +7.0% |
| 1979 | 1.29 trillion international-$ in 2021 prices | +8.9% |
| 1980 | 1.38 trillion international-$ in 2021 prices | +6.5% |
| 1981 | 1.36 trillion international-$ in 2021 prices | -1.5% |
| 1982 | 1.34 trillion international-$ in 2021 prices | -1.4% |
| 1983 | 1.33 trillion international-$ in 2021 prices | -0.7% |
| 1984 | 1.33 trillion international-$ in 2021 prices | +0.3% |
| 1985 | 1.35 trillion international-$ in 2021 prices | +1.1% |
| 1986 | 1.43 trillion international-$ in 2021 prices | +6.4% |
| 1987 | 1.50 trillion international-$ in 2021 prices | +4.8% |
| 1988 | 1.57 trillion international-$ in 2021 prices | +4.5% |
| 1989 | 1.64 trillion international-$ in 2021 prices | +4.4% |
| 1990 | 1.72 trillion international-$ in 2021 prices | +4.8% |
| 1991 | 1.77 trillion international-$ in 2021 prices | +3.1% |
| 1992 | 1.82 trillion international-$ in 2021 prices | +2.4% |
| 1993 | 1.81 trillion international-$ in 2021 prices | -0.4% |
| 1994 | 1.87 trillion international-$ in 2021 prices | +3.5% |
| 1995 | 1.96 trillion international-$ in 2021 prices | +4.8% |
| 1996 | 2.00 trillion international-$ in 2021 prices | +1.7% |
| 1997 | 2.07 trillion international-$ in 2021 prices | +3.5% |
| 1998 | 2.17 trillion international-$ in 2021 prices | +4.9% |
| 1999 | 2.22 trillion international-$ in 2021 prices | +2.5% |
| 2000 | 2.30 trillion international-$ in 2021 prices | +3.2% |
| 2001 | 2.36 trillion international-$ in 2021 prices | +2.8% |
| 2002 | 2.28 trillion international-$ in 2021 prices | -3.3% |
| 2003 | 2.26 trillion international-$ in 2021 prices | -0.9% |
| 2004 | 2.27 trillion international-$ in 2021 prices | +0.4% |
| 2005 | 2.32 trillion international-$ in 2021 prices | +2.5% |
| 2006 | 2.40 trillion international-$ in 2021 prices | +3.2% |
| 2007 | 2.54 trillion international-$ in 2021 prices | +6.0% |
| 2008 | 2.60 trillion international-$ in 2021 prices | +2.1% |
| 2009 | 2.50 trillion international-$ in 2021 prices | -3.5% |
| 2010 | 2.52 trillion international-$ in 2021 prices | +0.5% |
| 2011 | 2.62 trillion international-$ in 2021 prices | +4.2% |
| 2012 | 2.56 trillion international-$ in 2021 prices | -2.3% |
| 2013 | 2.48 trillion international-$ in 2021 prices | -3.2% |
| 2014 | 2.48 trillion international-$ in 2021 prices | -0.2% |
| 2015 | 2.49 trillion international-$ in 2021 prices | +0.4% |
| 2016 | 2.62 trillion international-$ in 2021 prices | +5.4% |
| 2017 | 2.70 trillion international-$ in 2021 prices | +3.0% |
| 2018 | 2.70 trillion international-$ in 2021 prices | +0.0% |
| 2019 | 2.82 trillion international-$ in 2021 prices | +4.6% |
| 2020 | 2.58 trillion international-$ in 2021 prices | -8.5% |
| 2021 | 2.85 trillion international-$ in 2021 prices | +10.3% |
| 2022 | 2.98 trillion international-$ in 2021 prices | +4.5% |
| 2023 | 3.00 trillion international-$ in 2021 prices | +0.9% |
Italy compared with similar countries
- Italy's 3.00 trillion international-$ in 2021 prices is above the median for high income countries, which is 277.84 billion international-$ in 2021 prices, 10.8× the median. (66 countries reporting)
- Italy's 3.00 trillion international-$ in 2021 prices is above the median for Europe & Central Asia, which is 314.74 billion international-$ in 2021 prices, 9.5× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 309.66 billion international-$ in 2021 prices | 238.24 billion international-$ in 2021 prices | 386.65 billion international-$ in 2021 prices | 10 |
| 1960s | 542.68 billion international-$ in 2021 prices | 422.66 billion international-$ in 2021 prices | 684.39 billion international-$ in 2021 prices | 10 |
| 1970s | 986.40 billion international-$ in 2021 prices | 775.02 billion international-$ in 2021 prices | 1.29 trillion international-$ in 2021 prices | 10 |
| 1980s | 1.42 trillion international-$ in 2021 prices | 1.33 trillion international-$ in 2021 prices | 1.64 trillion international-$ in 2021 prices | 10 |
| 1990s | 1.94 trillion international-$ in 2021 prices | 1.72 trillion international-$ in 2021 prices | 2.22 trillion international-$ in 2021 prices | 10 |
| 2000s | 2.38 trillion international-$ in 2021 prices | 2.26 trillion international-$ in 2021 prices | 2.60 trillion international-$ in 2021 prices | 10 |
| 2010s | 2.60 trillion international-$ in 2021 prices | 2.48 trillion international-$ in 2021 prices | 2.82 trillion international-$ in 2021 prices | 10 |
| 2020s | 2.85 trillion international-$ in 2021 prices | 2.58 trillion international-$ in 2021 prices | 3.00 trillion international-$ in 2021 prices | 4 |
Countries ranked near Italy
- 9 France 3.53 trillion international-$ in 2021 prices compare
- 10 United Kingdom 3.48 trillion international-$ in 2021 prices compare
- 11 Turkey 3.12 trillion international-$ in 2021 prices compare
- 13 South Korea 2.91 trillion international-$ in 2021 prices compare
- 14 Mexico 2.60 trillion international-$ in 2021 prices compare
- 15 Spain 2.19 trillion international-$ in 2021 prices compare
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 22.90 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.009 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 388.75 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 882.91 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -96.9 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0003 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 14.99 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 49.38 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp) in Italy?
- Gross domestic product (gdp) in Italy was 3.00 trillion international-$ in 2021 prices in 2023, according to Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Italy?
- The highest recorded value was 3.00 trillion international-$ in 2021 prices in 2023.
- What is the lowest gross domestic product (gdp) recorded in Italy?
- The lowest recorded value was 238.24 billion international-$ in 2021 prices in 1950.
- How does Italy rank for gross domestic product (gdp)?
- Italy ranks 12th out of 184 countries with data for 2023.
- Is gross domestic product (gdp) rising or falling in Italy?
- Over the last ten years it is up 21.1%. The long-run trend across the full record is volatile.
- Where does this Italy data come from?
- The figures come from Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 74 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Total economic output of a country or region per year. This data is adjusted for inflation and differences in living costs between countries.