India, Japan, and Indonesia are third, fourth and fifth largest contributer, respectively. Graph and download economic data for Real Gross Domestic Product for Italy (CLVMNACSCAB1GQIT) from Q1 1995 to Q1 2020 about Italy, real, and GDP. Documents tagged with: GDP Italy’s Economic Outlook GDP is expected to decrease by 8.3% in 2020 and to increase by 4.6% in 2021. GDP (nominal) of United States has increased by $859 billion in 2019 followed by China with $772 billion. This statistic shows the real gross domestic product (GDP) growth rate in Italy from 2009 to 2019, with projections up until 2021. ITALY In the first quarter of 2019, real output rose by 0.1% in Italy on the back of a rebounding industrial sector and rising construction activity, the latter also boosted by mild weather conditions. Exports, private consumption and more recently investment drove growth, buttressed by a shift of export industries towards higher value added products. Reference period: Years 2020-2021 | Date of Issue: 08 June 2020. 08 June 2020. The Gross Domestic Product (GDP) in Italy was worth 2030 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. Economic Survey of Italy (April 2019) In recent years, supportive global economic conditions, expansionary monetary policy, structural reforms and prudent fiscal policy supported Italy’s gradual economic recovery. 05 June 2020. Top Gainers in 2019: At current prices in 2019, United States is the largest contributor of increment in global GDP. Press Room. Italy; Economic forecast for Italy ; Economic forecast for Italy ... 2019 2020 2021; GDP growth (%, yoy) 0,3-9,5: 6,5: Inflation (%, yoy) 0,6-0,3: 0,7: Unemployment (%) 10,0: 11,8: 10,7 : Public budget balance (% of GDP)-1,6-11,1-5,6: Gross public debt (% of GDP) 134,8: 158,9: 153,6: Current account balance (% of GDP) 3,0: 3,4: 3,3: Related links. Government Debt to GDP in Italy averaged 112.74 percent from 1988 until 2019, reaching an all time high of 135.30 percent in 2015 and a record low of 90.50 percent in 1988. For the analysis of the other G20 economies, select a country page: Spring 2020 Economic Forecast. In addition, large-scale stockpiling by UK-based companies helped stabilise exports. The GDP value of Italy represents 1.68 percent of the world economy. GDP Growth Rate in 2017 was 1.50%, representing a change of 32,786,789,627 US$ over 2016, when Real GDP was $2,085,992,358,269. According to IMF, UN, EC and OECD after reaching 1.6% in 2017 the real GDP growth in Italy got down in 2018. GDP per Capita in Italy (with a population of 60,673,701 people) was $34,921 in 2017, an increase of $534 from $34,387 in 2016; this represents a change of 1.6% in … Italy’s Economic Outlook GDP is expected to decrease by 8.3% in 2020 and to increase by 4.6% in 2021. 04 June 2020 >> More data. However, predictions differ: IMF and OECD expect the real GDP growth to continue the decrease while UN and EC expect it to stay at the same level in 2019. Italy GDP (Gross Domestic Product) was INT$2,062.78billion for 2019 in PPP terms. Retail trade In April 2020 the index -10.5% over March and -26.3% year-over-year . GDP Growth Rate in 2017 was 1.50%, representing a change of 32,786,789,627 US$ over … However, a marked downward adjustment of inventories limited the scope for real output growth. Calendar. Impact of the Covid-19 epidemic on the total mortality On line the second report about mortality of the resident population . World … Italy recorded a government debt equivalent to 134.80 percent of the country's Gross Domestic Product in 2019.