GDP growth (annual %) (UNESCO Institute) in Italy

Italy: GDP growth (annual %) (UNESCO Institute) was 0.7% in 2024. ◆ Volatile

Latest (2024)
0.7%
Change on year
up 1.5%
World rank
180th
of 212 countries
All-time high
8.9%
in 2021
All-time low
-8.9%
in 2020
Years of data
55
1970–2024

GDP growth in Italy, 1970–2024

-10-50510197019972024

Source: UNESCO Institute for Statistics. Measured in annual %.

Analysis

The most recent figure for gdp growth in Italy is 0.7%, measured in 2024.

The figure is up 1.5% on the previous year and up 52,315.1% over ten years.

Over the whole period, gdp growth in Italy peaked at 8.9% in 2021 and was at its lowest, -8.9%, in 2020.

Italy ranks 180th of 212 countries on this measure, in the bottom quarter.

The series is highly variable year to year, so single readings are best treated with caution.

GDP growth (annual %) (UNESCO Institute) in Italy, year by year

Annual values for GDP growth (annual %) in Italy, 1970 to 2024.
Year annual % Change
1970 5.3% —
1971 1.8% -65.8%
1972 3.7% +103.0%
1973 7.1% +93.1%
1974 5.5% -22.8%
1975 -2.1% -138.0%
1976 7.1% -440.9%
1977 2.6% -64.1%
1978 3.2% +26.5%
1979 6.0% +83.9%
1980 3.4% -42.4%
1981 0.8% -75.4%
1982 0.4% -51.0%
1983 1.2% +182.7%
1984 3.2% +175.9%
1985 2.8% -13.3%
1986 2.9% +2.2%
1987 3.2% +11.6%
1988 4.2% +31.4%
1989 3.4% -19.2%
1990 2.0% -41.4%
1991 1.5% -22.5%
1992 0.8% -45.8%
1993 -0.9% -202.2%
1994 2.2% -352.2%
1995 2.9% +34.2%
1996 1.3% -53.4%
1997 1.9% +43.1%
1998 1.8% -6.3%
1999 1.7% -7.0%
2000 3.9% +131.4%
2001 2.0% -48.3%
2002 0.3% -86.5%
2003 0.1% -75.3%
2004 1.5% +2114.9%
2005 0.8% -48.3%
2006 1.8% +136.0%
2007 1.5% -18.7%
2008 -1.0% -170.0%
2009 -5.3% +418.5%
2010 1.5% -128.8%
2011 0.7% -54.5%
2012 -3.1% -549.4%
2013 -1.8% -41.8%
2014 -0.0% -99.9%
2015 0.9% -63817.3%
2016 1.2% +39.6%
2017 1.6% +29.7%
2018 0.8% -48.5%
2019 0.4% -48.1%
2020 -8.9% -2166.4%
2021 8.9% -200.7%
2022 4.8% -46.0%
2023 0.7% -85.2%
2024 0.7% +1.5%

Italy compared with similar countries

  • Italy's 0.7% is below the median for high income countries, which is 2.3%, 32% of the median. (83 countries reporting)
  • Italy's 0.7% is below the median for Europe & Central Asia, which is 2.3%, 32% of the median. (55 countries reporting)

Biggest year-on-year movements

Years where GDP growth (annual %) (UNESCO Institute) in Italy changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.

YearChange FromTo
2015 +63817.3% -0.0% 0.9%
2020 -2166.4% 0.4% -8.9%
2004 +2114.9% 0.1% 1.5%
2012 -549.4% 0.7% -3.1%

Averages by decade

DecadeAverage LowestHighest Years
1970s 4.0% -2.1% 7.1% 10
1980s 2.6% 0.4% 4.2% 10
1990s 1.5% -0.9% 2.9% 10
2000s 0.5% -5.3% 3.9% 10
2010s 0.2% -3.1% 1.6% 10
2020s 1.3% -8.9% 8.9% 5

Countries ranked near Italy

  1. 177 Greenland 0.9% compare
  2. 178 Romania 0.8% compare
  3. 179 Yemen 0.8% compare
  4. 181 Micronesia (country) 0.7% compare
  5. 182 South Africa 0.6% compare
  6. 183 Iceland 0.5% compare

See the full ranking of 212 places →

More population data for Italy

All data for Italy →

Frequently asked questions

What is gdp growth in Italy?
Gdp growth in Italy was 0.7% in 2024, according to UNESCO Institute for Statistics.
What is the highest gdp growth recorded in Italy?
The highest recorded value was 8.9% in 2021.
What is the lowest gdp growth recorded in Italy?
The lowest recorded value was -8.9% in 2020.
How does Italy rank for gdp growth?
Italy ranks 180th out of 212 countries with data for 2024.
Is gdp growth rising or falling in Italy?
Over the last ten years it is up 52,315.1%. The long-run trend across the full record is volatile.
Where does this Italy data come from?
The figures come from UNESCO Institute for Statistics, published as part of GDP growth (annual %). Statizoid updates them automatically from the source API.

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GDP growth in Italy. Statizoid, drawing on UNESCO Institute for Statistics. Retrieved 11 November 2026, from https://population.statizoid.com/stat/gdp-growth-annual-percent-3/italy/

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About this data

Indicator
GDP growth (annual %)
Unit
annual %
Source
UNESCO Institute for Statistics
Licence
CC BY-SA 3.0 IGO (UNESCO Institute for Statistics)
Coverage
212 places, 10,140 data points, 1970–2024
Last refreshed

February 2026 Data Release