Gross Domestic Product — Value Standard Local Currency in Italy
Italy: Gross Domestic Product — Value Standard Local Currency was 2.19 million million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency in Italy, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Italy recorded 2.19 million million SLC for gross domestic product — value standard local currency in 2024. That is the highest value across all 55 years on record.
That represents a change of up 2.9% on the previous year and up 33.8% over ten years.
Over the whole period, gross domestic product — value standard local currency in Italy peaked at 2.19 million million SLC in 2024 and was at its lowest, 36,688 million SLC, in 1970.
Italy ranks 87th of 218 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.
Gross Domestic Product — Value Standard Local Currency in Italy, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 36,688 million SLC | — |
| 1971 | 40,037 million SLC | +9.1% |
| 1972 | 43,853 million SLC | +9.5% |
| 1973 | 52,962 million SLC | +20.8% |
| 1974 | 67,188 million SLC | +26.9% |
| 1975 | 76,956 million SLC | +14.5% |
| 1976 | 96,829 million SLC | +25.8% |
| 1977 | 117,657 million SLC | +21.5% |
| 1978 | 138,408 million SLC | +17.6% |
| 1979 | 169,316 million SLC | +22.3% |
| 1980 | 211,577 million SLC | +25.0% |
| 1981 | 253,448 million SLC | +19.8% |
| 1982 | 299,138 million SLC | +18.0% |
| 1983 | 348,323 million SLC | +16.4% |
| 1984 | 398,255 million SLC | +14.3% |
| 1985 | 446,959 million SLC | +12.2% |
| 1986 | 494,170 million SLC | +10.6% |
| 1987 | 540,587 million SLC | +9.4% |
| 1988 | 600,721 million SLC | +11.1% |
| 1989 | 659,566 million SLC | +9.8% |
| 1990 | 732,625 million SLC | +11.1% |
| 1991 | 800,294 million SLC | +9.2% |
| 1992 | 842,220 million SLC | +5.2% |
| 1993 | 867,486 million SLC | +3.0% |
| 1994 | 917,538 million SLC | +5.8% |
| 1995 | 990,521 million SLC | +8.0% |
| 1996 | 1.05 million million SLC | +5.8% |
| 1997 | 1.10 million million SLC | +4.5% |
| 1998 | 1.14 million million SLC | +4.2% |
| 1999 | 1.18 million million SLC | +3.2% |
| 2000 | 1.24 million million SLC | +5.7% |
| 2001 | 1.31 million million SLC | +5.1% |
| 2002 | 1.36 million million SLC | +3.6% |
| 2003 | 1.40 million million SLC | +3.2% |
| 2004 | 1.46 million million SLC | +4.1% |
| 2005 | 1.50 million million SLC | +2.9% |
| 2006 | 1.56 million million SLC | +4.1% |
| 2007 | 1.62 million million SLC | +4.0% |
| 2008 | 1.64 million million SLC | +1.4% |
| 2009 | 1.58 million million SLC | -3.6% |
| 2010 | 1.62 million million SLC | +2.1% |
| 2011 | 1.66 million million SLC | +2.4% |
| 2012 | 1.63 million million SLC | -1.5% |
| 2013 | 1.62 million million SLC | -0.7% |
| 2014 | 1.64 million million SLC | +0.9% |
| 2015 | 1.66 million million SLC | +1.7% |
| 2016 | 1.70 million million SLC | +2.5% |
| 2017 | 1.74 million million SLC | +2.3% |
| 2018 | 1.78 million million SLC | +1.9% |
| 2019 | 1.80 million million SLC | +1.5% |
| 2020 | 1.67 million million SLC | -7.4% |
| 2021 | 1.84 million million SLC | +10.3% |
| 2022 | 2.00 million million SLC | +8.4% |
| 2023 | 2.13 million million SLC | +6.6% |
| 2024 | 2.19 million million SLC | +2.9% |
Italy compared with similar countries
- Italy's 2.19 million million SLC is above the median for high income countries, which is 257,567 million SLC, 8.5× the median. (72 countries reporting)
- Italy's 2.19 million million SLC is above the median for Europe & Central Asia, which is 507,692 million SLC, 4.3× the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 83,989 million SLC | 36,688 million SLC | 169,316 million SLC | 10 |
| 1980s | 425,274 million SLC | 211,577 million SLC | 659,566 million SLC | 10 |
| 1990s | 961,233 million SLC | 732,625 million SLC | 1.18 million million SLC | 10 |
| 2000s | 1.47 million million SLC | 1.24 million million SLC | 1.64 million million SLC | 10 |
| 2010s | 1.69 million million SLC | 1.62 million million SLC | 1.80 million million SLC | 10 |
| 2020s | 1.97 million million SLC | 1.67 million million SLC | 2.19 million million SLC | 5 |
Countries ranked near Italy
- 84 United Kingdom of Great Britain and Northern Ireland 2.86 million million SLC compare
- 85 Australia 2.78 million million SLC compare
- 86 Albania 2.47 million million SLC compare
- 88 Israel 2.00 million million SLC compare
- 89 United Arab Emirates 1.97 million million SLC compare
- 90 Venezuela (Bolivarian Republic of) 1.97 million million SLC 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 — value standard local currency in Italy?
- Gross domestic product — value standard local currency in Italy was 2.19 million million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency recorded in Italy?
- The highest recorded value was 2.19 million million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency recorded in Italy?
- The lowest recorded value was 36,688 million SLC in 1970.
- How does Italy rank for gross domestic product — value standard local currency?
- Italy ranks 87th out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency rising or falling in Italy?
- Over the last ten years it is up 33.8%. The long-run trend across the full record is volatile.
- Where does this Italy data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value Standard Local Currency. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).