Gross domestic product (GDP) in Italy
Italy: Gross domestic product (GDP) was 3.00 trillion international-$ in 2021 prices in 2023. ◆ Volatile
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.
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
- External balance on goods and services as a percent of GDP 1.9% (2025)
- Inflation of consumer prices 1.5% (2025)
- GDP per capita 34,716 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 15.0% (2025)
- Gross domestic product (GDP) 2.05 trillion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 34,716 constant 2015 US$ (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 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.
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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.