Nominal GDP for Italy was €1,775bn in 2021, down from €1,652bn in 2020. The Italian population was estimated at 59.2m in 2021 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 hard copy and pdf version of the publication, we also show selected “comparison forecasters”  including the Banca d’Italia IMF, OECD, and European Commission. The table below shows a small example set of forecasts for GDP growth and Consumer Prices (CPI), taken from our survey of September 2022.

Source: Conensus 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:

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 should you wish to find out more about these data offerings, pricing and the different platforms by which you can access them.