Gross Domestic Product — Value US$, 2015 prices in Italy
Italy: Gross Domestic Product — Value US$, 2015 prices was 2.03 million million USD in 2024. ▲ Rising
Gross Domestic Product — Value US$, 2015 prices in Italy, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Italy recorded 2.03 million million USD for gross domestic product — value us$, 2015 prices in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 0.7% on the previous year and up 10.7% over ten years.
Over the whole period, gross domestic product — value us$, 2015 prices in Italy peaked at 2.03 million million USD in 2024 and was at its lowest, 851,096 million USD, in 1970.
That places Italy 8th out of 203 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 55 years of available data.
Gross Domestic Product — Value US$, 2015 prices in Italy, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 851,096 million USD | — |
| 1971 | 866,570 million USD | +1.8% |
| 1972 | 898,550 million USD | +3.7% |
| 1973 | 962,580 million USD | +7.1% |
| 1974 | 1.02 million million USD | +5.5% |
| 1975 | 994,297 million USD | -2.1% |
| 1976 | 1.07 million million USD | +7.1% |
| 1977 | 1.09 million million USD | +2.6% |
| 1978 | 1.13 million million USD | +3.2% |
| 1979 | 1.20 million million USD | +6.0% |
| 1980 | 1.24 million million USD | +3.4% |
| 1981 | 1.25 million million USD | +0.8% |
| 1982 | 1.25 million million USD | +0.4% |
| 1983 | 1.27 million million USD | +1.2% |
| 1984 | 1.31 million million USD | +3.2% |
| 1985 | 1.34 million million USD | +2.8% |
| 1986 | 1.38 million million USD | +2.9% |
| 1987 | 1.43 million million USD | +3.2% |
| 1988 | 1.49 million million USD | +4.2% |
| 1989 | 1.54 million million USD | +3.4% |
| 1990 | 1.57 million million USD | +2.0% |
| 1991 | 1.59 million million USD | +1.5% |
| 1992 | 1.60 million million USD | +0.8% |
| 1993 | 1.59 million million USD | -0.9% |
| 1994 | 1.62 million million USD | +2.2% |
| 1995 | 1.67 million million USD | +2.9% |
| 1996 | 1.69 million million USD | +1.3% |
| 1997 | 1.73 million million USD | +1.9% |
| 1998 | 1.76 million million USD | +1.8% |
| 1999 | 1.79 million million USD | +1.7% |
| 2000 | 1.86 million million USD | +3.9% |
| 2001 | 1.89 million million USD | +2.0% |
| 2002 | 1.90 million million USD | +0.3% |
| 2003 | 1.90 million million USD | +0.1% |
| 2004 | 1.93 million million USD | +1.5% |
| 2005 | 1.94 million million USD | +0.8% |
| 2006 | 1.98 million million USD | +1.8% |
| 2007 | 2.01 million million USD | +1.5% |
| 2008 | 1.99 million million USD | -1.0% |
| 2009 | 1.88 million million USD | -5.3% |
| 2010 | 1.91 million million USD | +1.5% |
| 2011 | 1.92 million million USD | +0.7% |
| 2012 | 1.86 million million USD | -3.1% |
| 2013 | 1.83 million million USD | -1.8% |
| 2014 | 1.83 million million USD | -0.0% |
| 2015 | 1.85 million million USD | +0.9% |
| 2016 | 1.87 million million USD | +1.2% |
| 2017 | 1.90 million million USD | +1.6% |
| 2018 | 1.91 million million USD | +0.8% |
| 2019 | 1.92 million million USD | +0.4% |
| 2020 | 1.75 million million USD | -8.9% |
| 2021 | 1.91 million million USD | +8.9% |
| 2022 | 2.00 million million USD | +4.7% |
| 2023 | 2.01 million million USD | +0.7% |
| 2024 | 2.03 million million USD | +0.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.01 million million USD | 851,096 million USD | 1.20 million million USD | 10 |
| 1980s | 1.35 million million USD | 1.24 million million USD | 1.54 million million USD | 10 |
| 1990s | 1.66 million million USD | 1.57 million million USD | 1.79 million million USD | 10 |
| 2000s | 1.93 million million USD | 1.86 million million USD | 2.01 million million USD | 10 |
| 2010s | 1.88 million million USD | 1.83 million million USD | 1.92 million million USD | 10 |
| 2020s | 1.94 million million USD | 1.75 million million USD | 2.03 million million USD | 5 |
Countries ranked near Italy
- 5 United Kingdom of Great Britain and Northern Ireland 3.27 million million USD compare
- 6 France 2.70 million million USD compare
- 7 Brazil 2.03 million million USD compare
- 9 Republic of Korea 1.91 million million USD compare
- 10 Canada 1.81 million million USD compare
- 11 Australia and New Zealand 1.74 million million USD 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)
- Gross value added at basic prices (GVA) (current US$), annual growth 6.83 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8922 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 38,640 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 2.33 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.7896 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 34,195 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 0.4063 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.7216 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross domestic product — value us$, 2015 prices in Italy?
- Gross domestic product — value us$, 2015 prices in Italy was 2.03 million million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$, 2015 prices recorded in Italy?
- The highest recorded value was 2.03 million million USD in 2024.
- What is the lowest gross domestic product — value us$, 2015 prices recorded in Italy?
- The lowest recorded value was 851,096 million USD in 1970.
- How does Italy rank for gross domestic product — value us$, 2015 prices?
- Italy ranks 8th out of 203 countries with data for 2024.
- Is gross domestic product — value us$, 2015 prices rising or falling in Italy?
- Over the last ten years it is up 10.7%. The long-run trend across the full record is rising.
- 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 US$, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
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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).