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Italy GDP Annual Growth Rate

Italy's GDP annual growth rate rose to 0.73% in 2024, up from 0.72% in 2023, according to World Bank. This represents an increase of 0.01% from the previous year. Italy has GDP annual growth rate lower than the global median (0.73% vs median 3.24%). Compared with the median in Europe, Italy is lower (0.73% vs regional median 2.10%) and ranks 38th out of 47 countries in Europe.

Italy's real GDP rose to $2.03 trillion in 2024, up from $2.01 trillion in 2023.

Yearly Historical Data (1961-2024)

(in %)
Year GDP Annual Growth Rate (%)
2024 0.73%
2023 0.72%
2022 4.82%
2021 8.93%
2020 -8.87%
2019 0.43%
2018 0.83%
2017 1.6%
2016 1.24%
2015 0.89%
2014 0%
2013 -1.82%
2012 -3.13%
2011 0.7%
2010 1.53%
2009 -5.31%
2008 -1.02%
2007 1.46%
2006 1.8%
2005 0.76%
2004 1.47%
2003 0.07%
2002 0.27%
2001 2.01%
2000 3.88%
1999 1.68%
1998 1.8%
1997 1.93%
1996 1.35%
1995 2.89%
1994 2.15%
1993 -0.85%
1992 0.83%
1991 1.54%
1990 1.99%
1989 3.39%
1988 4.19%
1987 3.19%
1986 2.86%
1985 2.8%
1984 3.23%
1983 1.17%
1982 0.41%
1981 0.84%
1980 3.43%
1979 5.96%
1978 3.24%
1977 2.56%
1976 7.13%
1975 -2.09%
1974 5.5%
1973 7.13%
1972 3.69%
1971 1.82%
1970 5.31%
1969 6.1%
1968 6.54%
1967 7.18%
1966 5.98%
1965 3.27%
1964 2.8%
1963 5.61%
1962 6.2%
1961 8.21%
Italy GDP Annual Growth Rate : Definition
GDP Annual Growth Rate measures the yearly percentage change in Italy's total economic output.
Indicator Last Value Prior Value Period
GDP $2.37T $2.3T 2024
GDP Growth Rate (QoQ) -0.1% 0.3% Jun'25
GDP Growth Rate (YoY) 0.4% 0.7% Jun'25
GDP per Capita $34,398.2 $34,146.02 2024
GDP per Capita PPP $53,115.14 $52,725.75 2024
R&D Expenditure (% GDP) 1.39% 1.43% 2022
Real GDP $2.03T $2.01T 2024