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Italy

Headline economic indicators for Italy, with the most recent official readings.

Prices

Prices — Italy
Indicator Value Change
Inflation rate · 1.5% +0.55 (+55.9%)
Consumer price index · 131.9 +1.99 (+1.5%)
Inflation rate (monthly) · 4.2% +1.00 (+31.3%)
Harmonised consumer price index · 130.3 +2.60 (+2.0%)
House price index (quarterly) · 102.5 +1.67 (+1.7%)
House price inflation, year on year (quarterly) · 4.0% -1.14 (-22.2%)
Real house price index (quarterly) · 75.5 -0.19 (-0.3%)
Real house price growth, year on year (quarterly) · 1.0% -2.69 (-73.6%)
Producer prices, year on year (monthly) · 13.8% +2.90 (+26.6%)
GDP deflator inflation · 2.0% +0.03 (+1.3%)

GDP

GDP — Italy
Indicator Value Change
GDP growth rate · 0.5% -0.24 (-31.1%)
GDP per capita · 43,308.64 +2,879 (+7.1%)
GDP growth, quarter on quarter · 0.0% -0.20 (-100.0%)
GDP growth, year on year (quarterly) · 0.8% -0.20 (-20.0%)
Industrial production, year on year (monthly) · 0.0% +0.10 (+100.0%)
Retail sales volume, year on year (monthly) · -0.5% +0.40 (+44.4%)
Economic sentiment indicator (monthly) · 100.2 +0.80 (+0.8%)
Consumer confidence (monthly) · -23.3 -0.10 (-0.4%)
GDP per capita, long-run history · 36,224 +1,397 (+4.0%)
GDP · 2,551,556,954,100.35 +168,121,391,642 (+7.1%)
GDP, PPP · 3,700,051,124,493 +27,716,156,254 (+0.8%)
GDP per capita, PPP · 62,803 +509.61 (+0.8%)
GDP per capita growth · 0.6% -0.23 (-28.0%)
GNI per capita · 42,080 +3,440 (+8.9%)
Agriculture to GDP · 2.1% +0.06 (+2.9%)
Industry to GDP · 22.6% -0.08 (-0.4%)
Manufacturing to GDP · 15.0% -0.08 (-0.5%)
Services to GDP · 64.5% -0.16 (-0.2%)
Household consumption to GDP · 57.6% -0.01 (-0.0%)
Gross capital formation to GDP · 22.2% -0.02 (-0.1%)
Gross savings to GDP · 23.4% +0.11 (+0.5%)

Labour

Labour — Italy
Indicator Value Change
Unemployment rate · 6.4% -0.11 (-1.7%)
Unemployment rate (monthly) · 6.3% +0.10 (+1.6%)
Labour force participation rate · 49.3% -0.29 (-0.6%)
Female labour force participation rate · 40.8% -0.22 (-0.5%)
Youth unemployment rate · 20.5% +0.30 (+1.5%)
Employment to population ratio · 46.2% -0.21 (-0.5%)
Employment in agriculture · 3.3% -0.08 (-2.3%)
Employment in industry · 26.4% -0.26 (-1.0%)
Employment in services · 70.2% +0.34 (+0.5%)

Money

Money — Italy
Indicator Value Change
Real interest rate · -1.3% -0.14 (-11.8%)
Central bank policy rate · 2.7% +0.25 (+10.4%)
ECB deposit facility rate · 2.5% +0.25 (+11.1%)
Real effective exchange rate (monthly) · 99.8 +0.20 (+0.2%)
Nominal effective exchange rate (monthly) · 106.1 -0.12 (-0.1%)
Private sector credit to GDP (quarterly) · 94.2% -0.07 (-0.1%)
Credit-to-GDP gap (quarterly) · -13.56 pp +0.89 (+6.2%)
Debt service ratio, private sector (quarterly) · 9.2% +0.00 (+0.0%)
Debt service ratio, households (quarterly) · 4.2% +0.00 (+0.0%)
Debt service ratio, non-financial corporations (quarterly) · 25.5% -0.10 (-0.4%)
Cost of borrowing for house purchase (monthly) · 3.6% +0.09 (+2.6%)
Cost of borrowing for corporations (monthly) · 3.9% -0.01 (-0.3%)
10-year government bond yield (monthly) · 4.4% +0.38 (+9.4%)
Private sector credit to GDP · 60.3% -2.82 (-4.5%)
Lending rate · 4.9% +2.63 (+116.1%)
Stock market capitalization to GDP · 27.0% -1.56 (-5.5%)
Bank nonperforming loans · 2.5% -0.31 (-11.1%)
Official exchange rate · 0.88 -0.04 (-4.2%)

Trade

Trade — Italy
Indicator Value Change
Current account to GDP · 1.1% +0.05 (+4.5%)
Exports to GDP · 32.2% -0.11 (-0.3%)
Imports to GDP · 30.3% +0.04 (+0.1%)
Trade to GDP · 62.5% -0.07 (-0.1%)
Exports of goods and services · 822,290,762,950.04 +51,605,237,833 (+6.7%)
Imports of goods and services · 773,024,967,143.8 +51,855,858,997 (+7.2%)
Trade balance, goods and services (annual) · 50,003,904,817.59 -2,553,334,427 (-4.9%)
Current account balance (annual) · 29,262,647,387.5 +3,100,016,725 (+11.8%)
Foreign direct investment to GDP · 0.0% -1.16 (-97.1%)
Remittances received to GDP · 0.5% -0.01 (-1.2%)
Total reserves, including gold · 434,014,519,754.79 +143,467,099,328 (+49.4%)
Reserves in months of imports · 5.7 +1.65 (+41.1%)

Government

Government — Italy
Indicator Value Change
Government debt to GDP · 77.3% +6.03 (+8.5%)
Government debt to GDP (quarterly) · 139.9% +1.30 (+0.9%)
Government revenue to GDP · 40.1% +1.07 (+2.7%)
Government expense to GDP · 47.3% -1.09 (-2.3%)
Tax revenue to GDP · 25.6% +0.87 (+3.5%)
Government budget balance to GDP · -3.4% +3.98 (+53.7%)
Government consumption to GDP · 18.3% +0.17 (+1.0%)
Education spending to GDP · 4.1% -0.10 (-2.5%)
Health spending to GDP · 8.4% +0.04 (+0.5%)

Demography

Demography — Italy
Indicator Value Change
Population · 58,915,656 -37,048 (-0.1%)
Population, long-run history · 58,966 -191.68 (-0.3%)
Population growth · -0.1% -0.01 (-17.6%)
Life expectancy · 84.0 +0.60 (+0.7%)
Fertility rate · 1.18 -0.03 (-2.5%)
Birth rate · 6.3 -0.10 (-1.6%)
Death rate · 11.0 -0.40 (-3.5%)
Urban population share · 69.7% +0.08 (+0.1%)
Population aged 65 and over · 25.1% +0.47 (+1.9%)
Under-five mortality rate · 2.7 -0.10 (-3.6%)
Population density · 199.4 -0.11 (-0.1%)
Net migration · 75,448 -19,798 (-20.8%)
Gini index · 34.3 +0.60 (+1.8%)

Source: Bank for International Settlements (BIS). Translated titles are not official BIS translations.

Source: ECB

Source: ECB euro foreign exchange reference rates

Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.

All data sources

Original sources of these estimates

GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics

Italy

Economies nearby

Comparable readings from neighbouring economies.