Gross Domestic Product — Value US$ in Italy
Italy: Gross Domestic Product — Value US$ was 2.37 million million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$ in Italy, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2024, gross domestic product — value us$ in Italy stood at 2.37 million million USD.
Compared with earlier readings it is up 3.0% on the previous year and up 9.0% over ten years.
Over the whole period, gross domestic product — value us$ in Italy peaked at 2.42 million million USD in 2008 and was at its lowest, 113,662 million USD, in 1970.
Italy ranks 7th of 203 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$ in Italy, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 113,662 million USD | — |
| 1971 | 124,964 million USD | +9.9% |
| 1972 | 145,592 million USD | +16.5% |
| 1973 | 175,901 million USD | +20.8% |
| 1974 | 200,040 million USD | +13.7% |
| 1975 | 228,242 million USD | +14.1% |
| 1976 | 225,253 million USD | -1.3% |
| 1977 | 258,181 million USD | +14.6% |
| 1978 | 315,786 million USD | +22.3% |
| 1979 | 394,581 million USD | +25.0% |
| 1980 | 478,337 million USD | +21.2% |
| 1981 | 431,703 million USD | -9.7% |
| 1982 | 428,249 million USD | -0.8% |
| 1983 | 444,052 million USD | +3.7% |
| 1984 | 438,900 million USD | -1.2% |
| 1985 | 453,240 million USD | +3.3% |
| 1986 | 641,830 million USD | +41.6% |
| 1987 | 807,613 million USD | +25.8% |
| 1988 | 893,618 million USD | +10.6% |
| 1989 | 930,766 million USD | +4.2% |
| 1990 | 1.18 million million USD | +27.2% |
| 1991 | 1.25 million million USD | +5.5% |
| 1992 | 1.32 million million USD | +5.9% |
| 1993 | 1.07 million million USD | -19.3% |
| 1994 | 1.10 million million USD | +3.2% |
| 1995 | 1.18 million million USD | +6.9% |
| 1996 | 1.31 million million USD | +11.7% |
| 1997 | 1.25 million million USD | -5.3% |
| 1998 | 1.27 million million USD | +2.2% |
| 1999 | 1.25 million million USD | -1.4% |
| 2000 | 1.15 million million USD | -8.4% |
| 2001 | 1.17 million million USD | +1.9% |
| 2002 | 1.28 million million USD | +9.4% |
| 2003 | 1.58 million million USD | +23.5% |
| 2004 | 1.81 million million USD | +14.5% |
| 2005 | 1.86 million million USD | +2.9% |
| 2006 | 1.96 million million USD | +5.0% |
| 2007 | 2.22 million million USD | +13.5% |
| 2008 | 2.42 million million USD | +8.8% |
| 2009 | 2.21 million million USD | -8.6% |
| 2010 | 2.14 million million USD | -2.9% |
| 2011 | 2.31 million million USD | +7.6% |
| 2012 | 2.10 million million USD | -9.1% |
| 2013 | 2.15 million million USD | +2.6% |
| 2014 | 2.17 million million USD | +0.9% |
| 2015 | 1.85 million million USD | -15.1% |
| 2016 | 1.89 million million USD | +2.3% |
| 2017 | 1.97 million million USD | +4.4% |
| 2018 | 2.10 million million USD | +6.5% |
| 2019 | 2.02 million million USD | -3.8% |
| 2020 | 1.91 million million USD | -5.6% |
| 2021 | 2.18 million million USD | +14.2% |
| 2022 | 2.10 million million USD | -3.5% |
| 2023 | 2.30 million million USD | +9.4% |
| 2024 | 2.37 million million USD | +3.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 218,220 million USD | 113,662 million USD | 394,581 million USD | 10 |
| 1980s | 594,831 million USD | 428,249 million USD | 930,766 million USD | 10 |
| 1990s | 1.22 million million USD | 1.07 million million USD | 1.32 million million USD | 10 |
| 2000s | 1.77 million million USD | 1.15 million million USD | 2.42 million million USD | 10 |
| 2010s | 2.07 million million USD | 1.85 million million USD | 2.31 million million USD | 10 |
| 2020s | 2.17 million million USD | 1.91 million million USD | 2.37 million million USD | 5 |
Countries ranked near Italy
- 4 India 3.88 million million USD compare
- 5 United Kingdom of Great Britain and Northern Ireland 3.66 million million USD compare
- 6 France 3.16 million million USD compare
- 8 Canada 2.21 million million USD compare
- 9 Brazil 2.18 million million USD compare
- 10 Australia and New Zealand 2.09 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)
- GNI (current LCU), annual growth rate 2.88 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 0.886 current LCU per US$ of GDP (2025)
- GNI (current LCU), per capita 38,371 current LCU per person (2025)
- Net primary income (Net income from abroad) (current US$), annual 156.59 % change on previous year (2025)
- Net primary income (Net income from abroad) (current LCU), annual 154.2 % change on previous year (2025)
- Taxes less subsidies on products (current US$), annual growth rate 8.93 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.1078 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 4,669 current US$ per person (2025)
Frequently asked questions
- What is gross domestic product — value us$ in Italy?
- Gross domestic product — value us$ in Italy was 2.37 million million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$ recorded in Italy?
- The highest recorded value was 2.42 million million USD in 2008.
- What is the lowest gross domestic product — value us$ recorded in Italy?
- The lowest recorded value was 113,662 million USD in 1970.
- How does Italy rank for gross domestic product — value us$?
- Italy ranks 7th out of 203 countries with data for 2024.
- Is gross domestic product — value us$ rising or falling in Italy?
- Over the last ten years it is up 9.0%. 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 US$. 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).