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.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 |
