Nominal GDP for Italy was $2,380bn in 2024, up from $2,317bn in 2023. The Italian population was estimated at 59.2m in 2024 according to the IMF, while Germany is Italy’s biggest trading partner.
Variables Surveyed for Italy
Variables covered in our monthly analysis of Italy include:
- Gross Domestic Product
- Household Consumption
- Gross Fixed Investment
- Industrial Production
- Consumer Prices (CPI)
- Producer Prices (PPI)
- Contractual Hourly Earnings
- Unemployment Rate
- Current Account
- General Government Budget Balance
- Interest rates
- Euro Currency Forecasts
Consensus Forecasts for Italy
Individual panellist forecasts are shown for each of the variables surveyed, along with the consensus (mean) forecast. The rows of forecasts are ranked by the GDP growth estimate for the current year, highest to lowest. in the PDF publication, we also show selected “comparison forecasters” including the Banca d’Italia IMF, OECD, and European Commission. The example below is an illustrative historical survey snapshot from September 2022, showing how individual forecasts and the consensus are presented.
Source: Consensus Forecasts – G-7 and Western Europe, September 2022
Special Surveys
In addition to the regular surveys for the variables listed above we also undertake a number of Special Surveys for Italy on topics such as:- Quarterly Forecasts
- Long-Term 5 and 10 Year Forecasts
- Economic Policy Evaluation
- Trends in Productivity and Wages
- Corporate Profits and Real Interest Rates
- Forecast Probabilities
Main Data Sources for Italy
- Italian National Institute of Statistics: The Italian National Institute of Statistics, a public research organisation, is the main producer of official statistics in the service of citizens and policy-makers. It operates in complete independence and continuous interaction with the academic and scientific communities.
- Banca d'Italia: The Bank of Italy is the central bank of the Republic of Italy. It is a public-law institution regulated by national and European legislation. It is an integral part of the Eurosystem, which is made up of the national central banks of the euro area and the European Central Bank.
Comprehensive Forecasts Coverage
Consensus Economics has collected forecasts for more than 30 years, building up a comprehensive catalogue of historical forecasts data. Please enquire at editors@consensuseconomics.com should you wish to find out more about these data offerings, pricing and the different platforms by which you can access them.Explore forecasts across G7 & Western Europe
Alongside this country forecast, explore the other economies covered by our G7 & Western Europe forecast publication.