Italy GDP

Data GDP

Source: Istat
Source Link: https://www.istat.it/
Frequency: Quarterly
Next Release(s): January 30th, 2026 4:00 AM

Latest Updates

Italy’s GDP was unchanged (0.0% QoQ vs +0.1% QoQ expected) in Q3 2025 and rose +0.4% YoY, indicating a stable performance after mixed results across sectors and offsetting movements in domestic demand and net exports.
- The quarter contained four more working days than Q2 but the same number as Q3 2024, suggesting calendar effects did not influence the annual comparison.
- Value added increased in agriculture, forestry, and fishing, declined slightly in industry, and was flat in services, showing uneven sectoral momentum.
- On the demand side, domestic demand (excluding inventories) contributed negatively to GDP, but this was broadly offset by a positive contribution from net exports.
- The carry-over annual growth rate for 2025 is estimated at +0.5%, consistent with the economy’s modest overall expansion so far this year.
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Italy’s GDP slipped -0.1% QoQ but grew +0.4% YoY in Q2 2025, confirming the initial estimate, reflecting soft external demand offset by resilient domestic investment.
- Final consumption expenditure was flat QoQ but up +0.6% YoY, with both household and government spending showing modest annual gains.
- Gross fixed capital formation rose +1.0% QoQ and +2.5% YoY, supported by machinery/equipment (+2.1% QoQ, +1.8% YoY) and dwellings (+0.6% QoQ, +1.6% YoY).
- Imports increased +0.4% QoQ and +2.5% YoY, while exports fell -1.7% QoQ and -0.3% YoY, highlighting trade as a drag on growth.
- Transport equipment rebounded +2.5% QoQ but remained weak on a YoY basis (-2.2%).
- The carry-over annual GDP growth for 2025 was estimated at +0.5%.
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Italy’s GDP fell -0.1% QoQ (vs +0.1% QoQ expected) in Q2 2025 but rose 0.4% YoY, signaling that the Italian economy contracted for the first time since Q2 2023.
- The quarter saw one fewer working day compared to both Q1 and Q2 2024.
- Value added declined in agriculture, forestry, fishing, and industry, while services showed no change.
- On the demand side, domestic demand contributed positively to growth, while net exports weighed on GDP.
- The carry-over annual growth rate for 2025 stands at 0.5%.
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Italy’s Q1 2025 GDP growth was confirmed at 0.3% QoQ but the annual rate was revised up slightly to 0.7% YoY from the first estimate of 0.6% YoY.
- Final consumption expenditure increased 0.1% QoQ and 0.6% YoY with household spending up 0.2% QoQ while government consumption down -0.3% QoQ.
- Gross fixed capital formation rose 1.6% QoQ and 1.4% YoY, led by dwellings (+1.7% QoQ) and machinery/equipment (+1.2% QoQ).
- Other strong segments of investment included intellectual property products up 1.7% QoQ (but down -3.2% YoY) and transport equipment rebounding 2.3% QoQ (but still down -6.8% YoY).
- Imports and exports grew 2.6% QoQ and 2.8% QoQ, respectively. On an annual basis imports were up 4.3% and exports down -0.8%.
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Italy’s GDP growth was 0.3% QoQ in Q1 2025, above expectations of an 0.2% QoQ increase and the strongest since Q1 2024.
- On an annual basis, GDP was up 0.6% YoY, above expectations of an 0.4% YoY increase.
- The quarter on quarter change is the result of an increase of value added in both agriculture, forestry and fishing and industry, whereas the contribution of services was null.
- From the demand side, there is a positive contribution by the domestic component (gross of change in inventories) and a negative one by the net export component.
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Italy’s GDP growth for Q4 2024 was revised up by 0.1 ppts to 0.1% QoQ.
- Final consumption expenditure increased by 0.2% QoQ
- Gross fixed capital formation by 1.6% QoQ
- Imports and exports decreased by 0.4% QoQ and 0.2% QoQ, respectively.
Source
Italy’s GDP growth was 0.0% QoQ in Q4 2024, slightly below expectations of an 0.1% QoQ increase. The annual increase was just 0.5% YoY (vs 0.6% YoY expected), unchanged from the previous quarter. In Q4, domestic demand, especially inventory changes, made a negative contribution and was offset by a positive net export component.

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