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Italy GDP

Italy's GDP rose to $2.37 trillion in 2024, up from $2.3 trillion in 2023, according to World Bank. This represents an increase of 3% ($68.17 billion) from the previous year and accounts for 2.13% of the world's total GDP. Italy has the 8th highest GDP. Within Europe, it ranks 4th out of 48 countries.

Italy's GDP per capita rose to $34,398.2 in 2024, up from $34,146.02 in 2023.

Yearly Historical Data (1960-2024)

(in Trillion USD)
Year GDP (Trillion USD)
2024 2.37
2023 2.3
2022 2.1
2021 2.18
2020 1.91
2019 2.02
2018 2.1
2017 1.97
2016 1.89
2015 1.85
2014 2.17
2013 2.15
2012 2.1
2011 2.31
2010 2.14
2009 2.21
2008 2.42
2007 2.22
2006 1.96
2005 1.86
2004 1.81
2003 1.58
2002 1.28
2001 1.17
2000 1.15
1999 1.26
1998 1.27
1997 1.24
1996 1.31
1995 1.18
1994 1.1
1993 1.07
1992 1.32
1991 1.25
1990 1.18
1989 0.93
1988 0.89
1987 0.81
1986 0.64
1985 0.45
1984 0.44
1983 0.44
1982 0.43
1981 0.43
1980 0.48
1979 0.39
1978 0.32
1977 0.26
1976 0.23
1975 0.23
1974 0.2
1973 0.18
1972 0.15
1971 0.12
1970 0.11
1969 0.1
1968 0.09
1967 0.08
1966 0.08
1965 0.07
1964 0.07
1963 0.06
1962 0.05
1961 0.05
1960 0.04
Italy GDP : Definition
GDP measures the total value of all goods and services produced in Italy, measured in current US dollars. It is also called Nominal GDP.
Indicator Last Value Prior Value Period
GDP Annual Growth Rate 0.73% 0.72% 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