Italy gdp growth rate for 2016 was 1.29%, a 0.52% increase from 2015. Published by Simona Varrella, Oct 21, 2020 Different estimations on Italy's GDP growth have been published since the outbreak of the coronavirus pandemic. It follows a downwardly revised 0.2 percent contraction in the previous period, entering recession. Italy GDP Annual Growth Rate Italy is the second largest manufacturing economy in Europe and the third largest economy in the Euro Area. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Italy is the ninth largest economy in the world and the third largest in the Euro Zone. July 7, 2020. School enrollment, primary (% gross) Details. Italy's gross domestic product grew by a record 16.1 percent in the three months to September 2020, rebounding from an unprecedented contraction of 13 percent in the previous period and beating market consensus of 11.2 percent, a preliminary estimate showed. New, Everything you need to know about the industry development, Find studies from all around the internet. That was the steepest pace of contraction since comparable series began in the 1960s as the country was one of the hardest hit by the coronavirus pandemic. - World Economic Outlook, June 2020, International Monetary Fund Twitter Aggregates are based on constant 2010 U.S. dollars. Directly accessible data for 170 industries from 50 countries 5 years of economic forecasts for more than 30 economic indicators. World Bank national accounts data, and OECD National Accounts data files. Annual percentage growth rate of GDP at market prices based on constant local currency. Italy Jump to. Diese Werte, historische Daten, Prognosen, Statistiken, Diagramme und ökonomische Kalender - Italien - BIP-Wachstum. The GDP value of Italy represents 1.67 percent of the world economy. Headline deficits narrow as growth resumes and fiscal settings normalise, to 3% of GDP in 2023 from nearly 11% this year. Italy is the second largest manufacturing economy in Europe and the third largest economy in the Euro Area. Population, total. Download historical data for 20 million indicators using your browser. The country has a diversified industrial base driven in large part by manufacturing of high-quality consumer goods. None; Aggregates; Same region; Similar values; Highest values; Lowest values; Share Details. Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). Its closest trade ties are with the other countries of the European Union, with whom it conducts about 59% of its total trade. - Le previsione per l'Italia. Due to a sudden halt in private capital flows in 2009 triggered by the global economic crisis, the economy suffered a hefty contraction of 5.5%—the strongest GDP contraction in decades. Year-on-year, the GDP shrank 4.7 percent, following a downwardly revised 17.9 percent contraction in the second quarter. Please contact us to get started with full access to dossiers, forecasts, studies and international data. As a Premium user you get access to the detailed source references and background information about this statistic. GDP growth (annual %) - Italy. GDP Growth Rate in 2017 was 1.50%, representing a change of 32,786,789,627 US$ over 2016, when Real GDP was $2,085,992,358,269. Get a sample report showing our regional, country and commodities data and analysis. It was the steepest contraction since comparable records began in 1995. 1961-2020 Data | 2021-2022 Forecast | Calendar. This site uses cookies to optimize functionality and give you the best possible experience. Download historical data for 20 million indicators using your browser. Projects & Operations; Finances; Climate; GDP (current US$) Details. Register in seconds and access exclusive features. ISTAT said that if GDP were to be flat quarter-on-quarter in the final three months of the year, full-year GDP would be down 8.2% compared with 2019. Publish your articles and forecasts in our website. Typology: Press release; Themes: National accounts; Notification of general government deficit and debt In 2019 the government deficit to GDP ratio was 1.6% . "GDP growth forecast for 2020 according to different sources in Italy."

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