Italy GDP Trends from 1980 to 2024: A overall increase with some decline Flow

Italy's GDP changed from approximately $479B 122M in 1980 to $2T 328B in 2024, showing an overall 385.9% sharply increased during the period.
The lowest GDP was recorded in 1982 at $429B 408M, and the highest in 2008 at $2T 408B.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 3.7%.
For comparison, the average annual growth rate of France was 3.5%, and that of Germany was 3.9%.

Overview of Italy's GDP (1980–2024)

The Gross Domestic Product (GDP) of Italy recorded a 385.9% sharply increased from 1980 to 2024.
The average GDP during this period was $1T 487B, and the median was $1T 312B.
GDP fluctuated within a range of $1T 978B, with a standard deviation of $630B 505M.
The average annual change was $44B 438M.


Italy GDP from 1980 to 2024

The total market value of goods and services produced annually in Italy.

Change Chart

    Highest and Lowest GDP Records

    • Lowest GDP: 1982, $429B 408M
    • Highest GDP: 2008, $2T 408B
    • Most Recent GDP: 2024, $2T 328B

    Notable Annual GDP Changes

    • 2003: Significant increase in GDP
    • 2015: Noticeable drop in GDP

    Overall pattern: overall increase with some decline


    Global Economic Events and Italy's GDP

    COVID-19 Pandemic (2020)

    • Period: From 2019 to 2020
    • GDP Change: $2T 11B → $1T 895B
    • Outcome: declined

    2008 Global Financial Crisis

    • Period: From 2007 to 2009
    • GDP Change: $2T 213B → $2T 197B
    • Outcome: remained stable

    2001 Dot-com Bubble Burst

    • Period: From 2000 to 2001
    • GDP Change: $1T 147B → $1T 168B
    • Outcome: increased

    1998 Asian Financial Crisis

    • Period: From 1997 to 1998
    • GDP Change: $1T 243B → $1T 271B
    • Outcome: increased

    Key Economic Indicators of Italy (1980–2024)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    1980
    $ 479B 122M
    $ 8,496.81
    $ 10,896.10
    $ 614B 415M
    3.099 %
    -3.538 %
    22.86 %
    0 %
    56M 388K people
    1981
    $ 434B 498M
    $ 7,693.06
    $ 11,760.94
    $ 664B 249M
    -1.234 %
    -3.552 %
    20.43 %
    0 %
    56M 479K people
    1982
    $ 429B 408M
    $ 7,596.91
    $ 12,529.42
    $ 708B 214M
    0.414 %
    -2.388 %
    19.77 %
    0 %
    56M 524K people
    1983
    $ 445B 612M
    $ 7,878.15
    $ 13,163.21
    $ 744B 551M
    1.169 %
    0.307 %
    19.98 %
    0 %
    56M 563K people
    1984
    $ 440B 268M
    $ 7,783.39
    $ 14,077.72
    $ 796B 308M
    3.226 %
    -0.914 %
    20.31 %
    0 %
    56M 565K people
    1985
    $ 454B 653M
    $ 8,034.39
    $ 14,923.12
    $ 844B 474M
    2.798 %
    -1.224 %
    19.44 %
    0 %
    56M 588K people
    1986
    $ 643B 932M
    $ 11,377.32
    $ 15,656.33
    $ 886B 114M
    2.86 %
    0.428 %
    20.31 %
    0 %
    56M 598K people
    1987
    $ 808B 203M
    $ 14,280.59
    $ 16,557.43
    $ 937B 59M
    3.192 %
    -0.361 %
    19.65 %
    0 %
    56M 594K people
    1988
    $ 895B 423M
    $ 15,817.58
    $ 17,855.61
    $ 1T 10B
    4.194 %
    -0.899 %
    20.78 %
    -3.081 %
    56M 609K people
    1989
    $ 931B 283M
    $ 16,439.47
    $ 19,171.09
    $ 1T 86B
    3.389 %
    -1.614 %
    19.82 %
    -2.621 %
    56M 649K people
    1990
    $ 1T 162B
    $ 20,500.67
    $ 20,280.60
    $ 1T 149B
    2.053 %
    -1.866 %
    19.96 %
    -1.783 %
    56M 694K people
    1991
    $ 1T 227B
    $ 21,636.19
    $ 21,248.78
    $ 1T 205B
    1.435 %
    -2.439 %
    19.07 %
    -0.472 %
    56M 744K people
    1992
    $ 1T 302B
    $ 22,947.48
    $ 21,903.22
    $ 1T 243B
    0.834 %
    -2.619 %
    18.30 %
    1.307 %
    56M 773K people
    1993
    $ 1T 47B
    $ 18,437.04
    $ 22,212.22
    $ 1T 262B
    -0.853 %
    1.137 %
    19.55 %
    2.068 %
    56M 821K people
    1994
    $ 1T 80B
    $ 19,009.47
    $ 23,165.92
    $ 1T 316B
    2.151 %
    1.17 %
    19.89 %
    1.518 %
    56M 842K people
    1995
    $ 1T 175B
    $ 20,675.32
    $ 24,333.53
    $ 1T 383B
    2.887 %
    2.077 %
    22.14 %
    3.079 %
    56M 844K people
    1996
    $ 1T 312B
    $ 23,094.38
    $ 25,075.65
    $ 1T 425B
    1.197 %
    2.944 %
    22.38 %
    3.737 %
    56M 844K people
    1997
    $ 1T 243B
    $ 21,858.45
    $ 25,960.24
    $ 1T 476B
    1.83 %
    2.603 %
    22.10 %
    5.661 %
    56M 876K people
    1998
    $ 1T 271B
    $ 22,348.05
    $ 26,714.20
    $ 1T 520B
    1.811 %
    1.654 %
    21.39 %
    4.491 %
    56M 904K people
    1999
    $ 1T 253B
    $ 22,029.70
    $ 27,530.31
    $ 1T 566B
    1.626 %
    0.801 %
    21.03 %
    4.331 %
    56M 909K people