Italy GDP

Data GDP

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

Latest Updates

Italy’s GDP growth in Q4 2025 was confirmed at +0.3% QoQ and +0.8% YoY, reflecting modest economic growth supported by domestic demand while trade acted as a drag on overall activity.
- Final consumption expenditure rose +0.1% QoQ and +0.7% YoY, indicating modest growth in domestic spending. Household consumption including NPISH increased +0.1% QoQ and +0.8% YoY, while government consumption rose +0.2% QoQ and +0.4% YoY.
- Gross fixed capital formation increased +0.9% QoQ and +5.1% YoY, showing stronger investment activity compared with consumption growth during the quarter.
- Within investment, dwelling investment rose sharply by +7.1% QoQ and +23.4% YoY, while intellectual property products increased +0.4% QoQ and +3.3% YoY, contributing positively to overall capital formation.
- Other buildings and structures declined -1.8% QoQ and -2.1% YoY, while machinery and equipment including weapon systems slipped -0.2% QoQ but remained +3.0% higher YoY.
- Transport equipment investment increased +0.5% QoQ and +13.7% YoY, marking a notable annual expansion within machinery and equipment components.
- External trade weighed on quarterly growth, with exports falling -1.2% QoQ (but rising +1.9% YoY) while imports increased +1.0% QoQ and +5.3% YoY.
- Domestic demand excluding inventories contributed +0.3 ppts to GDP growth, including +0.1 ppts from final consumption and +0.2 ppts from investment, while net foreign demand subtracted -0.7 ppts and inventories added +0.7 ppts.
- On the production side, value added increased across the main sectors, rising +0.2% QoQ in agriculture, +0.8% QoQ in industry, and +0.1% QoQ in services.
- The carry-over effect for 2026 is estimated at +0.3%, indicating the statistical growth contribution already embedded in the new year’s GDP path.
Source
Italy’s GDP rose +0.3% QoQ and +0.8% YoY in Q4 2025, indicating modest acceleration with firmer annual growth.
- Quarter-on-quarter GDP increased +0.3% QoQ, reflecting stronger momentum than the revised +0.2% QoQ pace in Q3 after the upward revision from +0.1% QoQ.
- On a YoY basis, GDP expanded +0.8% YoY, showing faster growth than earlier quarters on an annual comparison.
- The quarter had two fewer working days than Q3 and the same number as Q4 2024, suggesting calendar effects were neutral for the YoY reading.
- Value added rose in agriculture, forestry and fishing, industry, and more modestly in services, indicating broad-based but uneven sectoral improvement.
- Domestic demand (excluding inventories) made a positive contribution to growth, supporting the quarterly expansion.
- Net exports contributed negatively, partially offsetting domestic demand gains.
- The carry-over annual GDP growth for 2026 is estimated at +0.3%, pointing to a modest starting point for the new year.
Source
Italy’s GDP increased +0.1% QoQ and +0.6% YoY in Q3 2025, reflecting modest economic expansion supported by domestic demand and net exports.
- Final national consumption rose +0.1% QoQ, indicating modest growth in domestic spending during the quarter.
- Gross fixed capital formation increased +0.6% QoQ, pointing to stronger investment activity relative to consumption growth.
- Exports increased +2.6% QoQ while imports rose +1.2% QoQ, contributing to a positive net foreign demand contribution to GDP.
- Domestic demand excluding inventories contributed +0.2 ppts to GDP growth, including +0.1 ppts from household and NPISH consumption and +0.1 ppts from gross fixed investment, while public administration spending had a neutral contribution.
- Net foreign demand added +0.5 ppts to GDP growth during the quarter, while changes in inventories and valuables detracted -0.6 ppts from overall activity.
- On the supply side, value added rose +0.8% QoQ in agriculture and +0.2% QoQ in services, while industry declined -0.3% QoQ.
- The carry-over annual GDP growth for 2025 was estimated at +0.5%, unchanged from the estimate published on October 30, 2025.
Source
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.
Source
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%.
Source
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%.
Source
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%.
Source
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.
Source
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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