[ Nominal GDP in billions of USD ]
Year -
$2,380.83 billions
Italy GDP expanded from 1960 to 2024, increasing from $42.01 billion to $2,380.83 billion.The compound annual growth rate (CAGR) averaged 6.51% over the period. The economy recorded its peak level in 2008 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 23.66%, indicating the largest cyclical decline from peak levels. The country experienced 11 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2024 | 2024 |
| Latest GDP | $ 2,380.83 Billions | $ 3,589.12 Int Billions |
| Growth (YoY) | 2.767% | 5.089% |
| Net Change vs Previous Year | $ 64.10 Billion | $ 173.79 Int Billion |
| % of World GDP | 2.15% | 1.81% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | 42.01 | - | - | - | - | - |
| 1961 | 46.65 | 4.64 | 11.037 % | - | - | - |
| 1962 | 52.41 | 5.76 | 12.357 % | - | - | - |
| 1963 | 60.04 | 7.62 | 14.542 % | - | - | - |
| 1964 | 65.72 | 5.68 | 9.469 % | - | - | - |
| 1965 | 70.72 | 5 | 7.602 % | - | - | - |
| 1966 | 76.62 | 5.91 | 8.351 % | - | - | - |
| 1967 | 84.4 | 7.78 | 10.153 % | - | - | - |
| 1968 | 91.49 | 7.08 | 8.393 % | - | - | - |
| 1969 | 101 | 9.51 | 10.397 % | - | - | - |
| 1970 | 113.66 | 12.66 | 12.535 % | - | - | - |
| 1971 | 124.96 | 11.3 | 9.945 % | - | - | - |
| 1972 | 145.6 | 20.64 | 16.513 % | - | - | - |
| 1973 | 175.9 | 30.3 | 20.813 % | - | - | - |
| 1974 | 200.02 | 24.13 | 13.717 % | - | - | - |
| 1975 | 228.22 | 28.2 | 14.097 % | - | - | - |
| 1976 | 225.24 | -2.99 | -1.308 % | - | - | - |
| 1977 | 258.19 | 32.96 | 14.631 % | - | - | - |
| 1978 | 315.78 | 57.59 | 22.307 % | - | - | - |
| 1979 | 394.59 | 78.8 | 24.954 % | - | - | - |
| 1980 | 478.36 | 83.77 | 21.23 % | - | - | - |
| 1981 | 431.7 | -46.66 | -9.754 % | - | - | - |
| 1982 | 428.26 | -3.44 | -0.797 % | - | - | - |
| 1983 | 444.06 | 15.81 | 3.691 % | - | - | - |
| 1984 | 438.9 | -5.17 | -1.163 % | - | - | - |
| 1985 | 453.26 | 14.36 | 3.273 % | - | - | - |
| 1986 | 641.86 | 188.6 | 41.61 % | - | - | - |
| 1987 | 807.57 | 165.71 | 25.817 % | - | - | - |
| 1988 | 893.66 | 86.09 | 10.661 % | - | - | - |
| 1989 | 930.8 | 37.14 | 4.156 % | - | - | - |
| 1990 | 1183.95 | 253.15 | 27.197 % | 1058.83 | - | - |
| 1991 | 1249.09 | 65.14 | 5.502 % | 1111.48 | 52.65 | 4.972 % |
| 1992 | 1323.2 | 74.11 | 5.933 % | 1146.29 | 34.81 | 3.132 % |
| 1993 | 1067.41 | -255.79 | -19.331 % | 1163.45 | 17.16 | 1.497 % |
| 1994 | 1101.75 | 34.34 | 3.217 % | 1213.86 | 50.41 | 4.333 % |
| 1995 | 1177.37 | 75.62 | 6.864 % | 1275.09 | 61.23 | 5.044 % |
| 1996 | 1314.78 | 137.41 | 11.671 % | 1313.03 | 37.94 | 2.975 % |
| 1997 | 1244.99 | -69.79 | -5.308 % | 1361.45 | 48.42 | 3.688 % |
| 1998 | 1272.73 | 27.74 | 2.228 % | 1426.86 | 65.41 | 4.804 % |
| 1999 | 1255 | -17.73 | -1.393 % | 1460.17 | 33.31 | 2.334 % |
| 2000 | 1149.66 | -105.34 | -8.394 % | 1545.77 | 85.6 | 5.862 % |
| 2001 | 1172.04 | 22.38 | 1.947 % | 1603.16 | 57.39 | 3.713 % |
| 2002 | 1281.75 | 109.71 | 9.361 % | 1646.07 | 42.91 | 2.677 % |
| 2003 | 1582.93 | 301.18 | 23.498 % | 1679.09 | 33.02 | 2.006 % |
| 2004 | 1812.81 | 229.88 | 14.522 % | 1710.84 | 31.75 | 1.891 % |
| 2005 | 1864.98 | 52.17 | 2.878 % | 1753.02 | 42.18 | 2.465 % |
| 2006 | 1958.56 | 93.58 | 5.018 % | 1895.69 | 142.67 | 8.139 % |
| 2007 | 2222.52 | 263.96 | 13.477 % | 2004.1 | 108.41 | 5.719 % |
| 2008 | 2417.51 | 194.99 | 8.773 % | 2097.4 | 93.3 | 4.655 % |
| 2009 | 2209.48 | -208.03 | -8.605 % | 2053.69 | -43.71 | -2.084 % |
| 2010 | 2144.94 | -64.54 | -2.921 % | 2092.36 | 38.67 | 1.883 % |
| 2011 | 2306.97 | 162.03 | 7.554 % | 2184.51 | 92.15 | 4.404 % |
| 2012 | 2097.93 | -209.04 | -9.061 % | 2183.8 | -0.71 | -0.033 % |
| 2013 | 2153.23 | 55.3 | 2.636 % | 2198.92 | 15.12 | 0.692 % |
| 2014 | 2173.26 | 20.03 | 0.93 % | 2211.7 | 12.78 | 0.581 % |
| 2015 | 1845.43 | -327.83 | -15.085 % | 2252.25 | 40.55 | 1.833 % |
| 2016 | 1887.11 | 41.68 | 2.259 % | 2433.62 | 181.37 | 8.053 % |
| 2017 | 1970.72 | 83.61 | 4.431 % | 2528.64 | 95.02 | 3.904 % |
| 2018 | 2099.44 | 128.72 | 6.532 % | 2609.65 | 81.01 | 3.204 % |
| 2019 | 2019.61 | -79.83 | -3.802 % | 2787.07 | 177.42 | 6.799 % |
| 2020 | 1907.48 | -112.13 | -5.552 % | 2641.2 | -145.87 | -5.234 % |
| 2021 | 2179.21 | 271.73 | 14.245 % | 2946.33 | 305.13 | 11.553 % |
| 2022 | 2104.07 | -75.14 | -3.448 % | 3319.37 | 373.04 | 12.661 % |
| 2023 | 2316.73 | 212.66 | 10.107 % | 3415.33 | 95.96 | 2.891 % |
| 2024 | 2380.83 | 64.1 | 2.767 % | 3589.12 | 173.79 | 5.089 % |
Between 1960 to 2024, Italy experienced the following economic phases:
The most remarkable growth occurred in 1986 with an increase of 41.61%, while the largest decline was in 1993 at -19.331%.