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%.
Italy GDP from 1980 to 2024
The total market value of goods and services produced annually in Italy.
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.
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)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
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 |