GDP per capita in Italy
Italy - GDP per capita (Euros)
Economic growth decelerates but beats expectations in the third quarter
According to a preliminary estimate, GDP expanded 0.5% in Q3 in quarter-on-quarter seasonally adjusted terms, down from the 1.1% expansion recorded in the second quarter but beating market expectations.
On an annual basis, economic growth waned notably to 2.6% in the third quarter, following the previous period's 4.9% expansion.
Looking at the breakdown of the quarter-on-quarter growth figure by expenditure, the statistical office said that domestic demand made a positive contribution to the final reading while net exports had a negative effect. In sectorial terms, the primary and secondary sectors contracted while the services sector expanded.
A more detailed breakdown will be available on 1 December.
ING’s Paolo Pizzoli commented on the outlook:
"We remain convinced that a GDP contraction is hard to avoid in 4Q22, opening a short-lived recession which looks set to end by Q2 2023. Confidence data headed further south in October, including in the tourism sector. Households are gloomier as disposable incomes are increasingly eroded by accelerating inflation and with a backdrop of slowly growing wages. The new government will likely prioritize a new wave of compensatory measures, but these will mostly refinance expiring ones and so limit damage rather than inducing a turnaround.”
FocusEconomics panelists project activity to expand 2.7% in 2023, which is unchanged from the previous month’s projection, and 1.3% in 2024.
Italy - GDP per capita (EUR) Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| GDP per capita (EUR) | 27,209 | 27,964 | 28,692 | 29,196 | 29,611 |
Italy Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 1.31 | -0.40 % | Jan 01 |
| Exchange Rate | 1.12 | 0.65 % | Dec 31 |
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Economic News
-
Italy: Business confidence strengthens in November
November 25, 2022
Business confidence came in at 104.7 in November, up from October's 106.4.
-
Italy: Consumer confidence improves notably in November
November 25, 2022
Consumer confidence jumped to 98.1 in November from October's 90.1.
-
Italy: Industrial activity dips in September
November 22, 2022
Industrial output slid 1.8% in month-on-month seasonally-adjusted terms in September, which contrasted August's 2.3% increase.
-
Italy: Harmonized inflation comes in at highest level since our records began
November 18, 2022
Harmonized inflation came in at 12.5% in October, which was up from September’s 9.4%.
-
Italy: Economic growth decelerates but beats expectations in the third quarter
November 2, 2022
According to a preliminary estimate, GDP expanded 0.5% in Q3 in quarter-on-quarter seasonally adjusted terms, down from the 1.1% expansion recorded in the second quarter but beating market expectations.
© Copyright: 2022. | Italy GDP per capita | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed
