{"version":1,"asset_type":"statistical_series","data_type":"time_series","slug":"it-gdp-growth-rate","url":"https://apiardata.com/statistics/it-gdp-growth-rate","html_url":"https://apiardata.com/statistics/it-gdp-growth-rate/","title":"Italy GDP Growth Rate (2025)","description":"Italy's GDP Growth Rate: 0.5 % change on previous year in 2025, -0.3pp YoY. Eurostat (NAMA_10_GDP), 2000–2025.","domain":"macro","category":"Economy & Macro","keywords":["Macroeconomics","Eurostat","European Union","2025"],"publisher":"Eurostat","frequency":"Annual","geography":"Italy","temporal_coverage":"2000/2025","unit":"% change on previous year","last_updated":"2026-04-14","last_updated_text":"14 April 2026","data_as_of":"2025","variable_measured":"Italy GDP Growth Rate","license":"https://apiardata.com/data-license","is_accessible_for_free":true,"sources":[{"name":"Eurostat","url":"https://ec.europa.eu/eurostat/databrowser/view/NAMA_10_GDP/default/table"}],"meta":[{"label":"Frequency","value":"Annual"},{"label":"Coverage","value":"2000–2025"},{"label":"Observations","value":"26"},{"label":"Geography","value":"Italy"},{"label":"Last updated","value":"14 April 2026"}],"kpis":[{"label":"Italy (2025)","value":"0.5","unit":"% change on previous year","trend":{"direction":"down","value":"-0.3pp YoY"}},{"label":"YoY Change","value":"-0.3pp","unit":"percentage points"},{"label":"Trend","value":"down","unit":""},{"label":"Series length","value":"26","unit":"years of data"}],"series":[{"key":"value","label":"Italy GDP Growth Rate"}],"observation_count":26,"observations":[{"period":"2000","value":3.9},{"period":"2001","value":2},{"period":"2002","value":0.3},{"period":"2003","value":0.1},{"period":"2004","value":1.5},{"period":"2005","value":0.8},{"period":"2006","value":1.8},{"period":"2007","value":1.5},{"period":"2008","value":-1},{"period":"2009","value":-5.3},{"period":"2010","value":1.5},{"period":"2011","value":0.7},{"period":"2012","value":-3.1},{"period":"2013","value":-1.8},{"period":"2014","value":0},{"period":"2015","value":0.9},{"period":"2016","value":1.2},{"period":"2017","value":1.6},{"period":"2018","value":0.8},{"period":"2019","value":0.4},{"period":"2020","value":-8.9},{"period":"2021","value":8.9},{"period":"2022","value":4.8},{"period":"2023","value":0.9},{"period":"2024","value":0.8},{"period":"2025","value":0.5}],"table":{"columns":[{"key":"year","label":"Year"},{"key":"value","label":"% change on previous year"},{"key":"yoyChange","label":"YoY Change"}],"rows":[{"year":"2025","value":"0.5","yoyChange":"-0.3pp"},{"year":"2024","value":"0.8","yoyChange":"-0.1pp"},{"year":"2023","value":"0.9","yoyChange":"-3.9pp"},{"year":"2022","value":"4.8","yoyChange":"-4.1pp"},{"year":"2021","value":"8.9","yoyChange":"+17.8pp"},{"year":"2020","value":"-8.9","yoyChange":"-9.3pp"},{"year":"2019","value":"0.4","yoyChange":"-0.4pp"},{"year":"2018","value":"0.8","yoyChange":"-0.8pp"},{"year":"2017","value":"1.6","yoyChange":"+0.4pp"},{"year":"2016","value":"1.2","yoyChange":"+0.3pp"},{"year":"2015","value":"0.9","yoyChange":"+0.9pp"},{"year":"2014","value":"0.0","yoyChange":"+1.8pp"},{"year":"2013","value":"-1.8","yoyChange":"+1.3pp"},{"year":"2012","value":"-3.1","yoyChange":"-3.8pp"},{"year":"2011","value":"0.7","yoyChange":"-0.8pp"},{"year":"2010","value":"1.5","yoyChange":"+6.8pp"},{"year":"2009","value":"-5.3","yoyChange":"-4.3pp"},{"year":"2008","value":"-1.0","yoyChange":"-2.5pp"},{"year":"2007","value":"1.5","yoyChange":"-0.3pp"},{"year":"2006","value":"1.8","yoyChange":"+1.0pp"}]},"qa":[{"question":"What does the Italy GDP growth rate measure?","answer":"This series measures the annual change in Italy's gross domestic product at market prices in real terms — the percentage change in inflation-adjusted economic output compared with the prior calendar year. Eurostat compiles it from the European System of Accounts (ESA 2010) national accounts (dataset NAMA_10_GDP), drawing on data from ISTAT (Istituto Nazionale di Statistica). The series covers the whole Italian economy — households, businesses, government, and net exports."},{"question":"Why has Italy been the weakest-growing major EU economy for over two decades?","answer":"Italy's 0.5% growth in 2025 is consistent with its long-term average since 2000, which has been the lowest among major EU economies. Italy's structural growth problem predates the 2008 GFC: low productivity growth (often cited as the primary culprit) reflects fragmented production in family-owned SMEs, limited investment in digital infrastructure, a judicial system with extremely long commercial dispute resolution times, and a public administration with high regulatory burden. Italy's debt/GDP ratio above 140% constrains fiscal space, and business investment has been chronically below the EU average. PNRR funds (€191bn over 2021–2026) represent the largest external growth stimulus Italy has received in decades, and 2025 growth is meaningfully supported by public investment financed through these disbursements — raising questions about sustainability post-2026."},{"question":"What does Italy's GDP growth of 0.5% imply for BTP investors?","answer":"Italy's persistent near-zero growth is the central challenge for BTP (Buoni del Tesoro Poliennali) credit analysis. With nominal GDP growth near 2% (real 0.5% plus ~1.6% HICP) and a primary deficit that has only recently returned to surplus, Italy's debt/GDP ratio stabilises slowly and only under favourable interest rate conditions. The ECB's role as a backstop through the Transmission Protection Instrument (TPI) and historic PEPP purchases has kept BTP-Bund spreads within a manageable range despite Italy's weak fundamentals. For credit investors, the key variables to monitor are: PNRR disbursement pace and reform compliance (conditions for EU fund releases), ECB policy direction, and the fiscal response to post-PNRR growth weakness. A BTP spread above 250bp over Bunds has historically triggered ECB intervention, providing a quasi-backstop."},{"question":"How does Italy's GDP growth compare within its post-2000 cycle?","answer":"The series trough of -8.9% in 2020 was Italy's deepest peacetime contraction — marginally worse than the 2009 GFC trough and reflecting Italy's early and severe COVID-19 pandemic impact. The post-COVID rebound of 8.9% in 2021 was the mirror-image peak. Prior to 2008, Italy grew at approximately 1–2% annually — itself below the EU average. Between the 2008 GFC and the COVID shock, Italian GDP was essentially flat over a 12-year period, with the sovereign debt crisis producing a second deep recession in 2012–2013. The 2025 reading of 0.5% is better than the near-zero of the early 2010s but remains insufficient to generate meaningful debt reduction at current interest rates."}]}