Reference period: Years 2020-2021 | Date of Issue: 08 June 2020. 1960-2019 Data | 2020-2022 Forecast | Historical | Chart | NewsDownload historical data for 20 million indicators using your browser.Direct access to our calendar releases and historical data. Typology: Press release; Themes: External trade; Households economic conditions; Labour and wages; National accounts; Quarterly national accounts In Q1 2020 GDP decreased by 5.3% compared to Q4 2019 and by 5.4% y-o-y. Italy’s GDP shrank 0.3 percent on quarter in the three months to December 2019, compared to a 0.1 percent growth in the previous period and missing market expectations of a 0.1 percent expansion, preliminary estimates showed. It was the steepest contraction since Q1 2013, as a decline in gross inventories more than offset a positive contribution from net trade. The Trading Economics Application Programming Interface (API) provides direct access to our data. GDP in Italy averaged 984.63 USD Billion from 1960 until 2019, reaching an all time high of 2398.86 USD Billion in 2008 and a record low of 40.39 USD Billion in … … On the production side, both … GDP Growth Rate in 2017 was 1.50%, representing a change of 32,786,789,627 US$ over … Current USD
The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. The Gross Domestic Product (GDP) in Italy was worth 2001.24 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. The GDP value of Italy represents 1.67 percent of the world economy. The most unreliable economic data is produced in Argentina which has manipulated inflation and GDP statistics since 2007. It is estimated that the application of the latest standard would add US$824 billion.Most American countries use a national income accounting standard that fails to record the informal economy. 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’s Economic Outlook GDP is expected to decrease by 8.3% in 2020 and to increase by 4.6% in 2021. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. {"2005":207216645.05, "2006":211773181.18, "2007":215337456.69, "2008":212847657.21, "2009":201152939.96, "2010":204796627.95, "2011":205689295.04, "2012":199890913.81, "2013":196436798.82, "2014":196620713.01, "2015":198437488.40, "2016":200658003.89, "2017":203862512.22, "2018":205658540.95, "2019":206277573.16}[{"1871":76.39, "1872":75.26, "1873":78.20, "1874":77.94, "1875":80.17, "1876":78.49, "1877":78.45, "1878":79.61, "1879":80.53, "1880":84.38, "1881":78.68, "1882":85.58, "1883":85.33, "1884":85.94, "1885":87.72, "1886":91.61, "1887":94.13, "1888":93.83, "1889":89.79, "1890":95.53, "1891":95.14, "1892":89.79, "1893":93.91, "1894":92.59, "1895":94.02, "1896":96.60, "1897":92.33, "1898":100.56, "1899":102.91, "1900":108.63, "1901":115.69, "1902":112.46, "1903":117.82, "1904":118.92, "1905":125.56, "1906":130.27, "1907":144.96, "1908":148.46, "1909":159.92, "1910":154.12, "1911":164.16, "1912":165.49, "1913":172.56, "1914":172.43, "1915":192.88, "1916":216.40, "1917":226.59, "1918":229.96, "1919":191.52, "1920":174.86, "1921":172.20, "1922":181.10, "1923":192.04, "1924":193.93, "1925":206.73, "1926":208.90, "1927":204.38, "1928":219.00, "1929":226.22, "1930":215.08, "1931":213.83, "1932":220.73, "1933":219.24, "1934":220.16, "1935":241.36, "1936":241.78, "1937":258.34, "1938":260.20, "1939":279.15, "1940":280.87, "1941":277.43, "1942":273.98, "1943":248.13, "1944":201.61, "1945":157.84, "1946":206.78, "1947":242.96, "1948":256.75, "1949":275.70, "1950":298.10, "1951":320.36, "1952":344.34, "1953":369.18, "1954":388.33, "1955":410.93, "1956":429.56, "1957":454.92, "1958":479.24, "1959":509.09, "1960":545.28, "1961":591.10, "1962":628.94, "1963":665.54, "1964":680.03, "1965":699.79, "1966":743.05, "1967":795.24, "1968":848.38, "1969":901.43, "1970":950.96, "1971":963.75, "1972":965.05, "1973":1033.82, "1974":1090.68, "1975":1067.88, "1976":1143.97, "1977":1173.26, "1978":1211.28, "1979":1283.46, "1980":1327.48, "1981":1338.69, "1982":1344.23, "1983":1359.94, "1984":1403.81, "1985":1443.09, "1986":1484.36, "1987":1531.74, "1988":1595.99, "1989":1650.07, "1990":1683.94, "1991":1709.77, "1992":1722.98, "1993":1708.29, "1994":1745.03, "1995":1795.41, "1996":1815.78, "1997":1849.66, "1998":1876.45, "1999":1903.68, "2000":1973.23, "2001":2009.99, "2002":2019.06, "2003":2018.12, "2004":2053.05, "2005":2072.17, "2006":2117.73, "2007":2153.37, "2008":2128.48, "2009":2011.53, "2010":2047.97, "2011":2056.89, "2012":1998.91, "2013":1964.37, "2014":1966.21, "2015":1984.37, "2016":2006.58, "2017":2038.63, "2018":2056.59, "2019":2062.78}]{"1971":1.3, "1972":0.1, "1973":7.1, "1974":5.5, "1975":-2.1, "1976":7.1, "1977":2.6, "1978":3.2, "1979":6.0, "1980":3.4, "1981":0.8, "1982":0.4, "1983":1.2, "1984":3.2, "1985":2.8, "1986":2.9, "1987":3.2, "1988":4.2, "1989":3.4, "1990":2.1, "1991":1.5, "1992":0.8, "1993":-0.9, "1994":2.2, "1995":2.9, "1996":1.1, "1997":1.9, "1998":1.4, "1999":1.5, "2000":3.7, "2001":1.9, "2002":0.5, "2003":0.0, "2004":1.7, "2005":0.9, "2006":2.2, "2007":1.7, "2008":-1.2, "2009":-5.5, "2010":1.8, "2011":0.4, "2012":-2.8, "2013":-1.7, "2014":0.1, "2015":0.9, "2016":1.1, "2017":1.6, "2018":0.9, "2019":0.3}
Missing data, out of date base years, disputed population data and the size of the unrecorded informal economy means that international rankings of countries in terms of GDP and GDP per capita are meaningless.The quality of economic data across Asia-Pacific region varies considerably across countries, mainly as a result of lack of statistical capacity.The use of different national income standards across Europe has an impact on cross-country comparability and in some cases leads to an underestimation of GDP. Italy GDP: 2,063 trillion International Dollars (2019) Gross Domestic Product (PPP in 2011 … The gross domestic product (GDP) measures of national income and output for a given country's economy. In 2019, Italy's real GDP increased by about 0.3 percent compared to the previous year.