Italy

1980

2026

2030

1980

2026

2030

Italy Economic Statistics (2026)

GDP per capita (PPP) in 2026: $64,809—among the wealthiest nations.

The economy has grown at an average rate of 2.7% over the past 5 years.

Government debt exceeds 100% of GDP, a level that may constrain future policy options.

GDP per capita (PPP)

$64,809

GDP growth

+0.8%

Inflation rate

2.0%

Unemployment

6.7%

Key terms

GDP: — Gross Domestic Product—the total value of goods and services produced in a country annually.
GDP PPP: — GDP adjusted for purchasing power parity—what money actually buys in each country.
GDP per capita: — GDP divided by population—a measure of average economic output per person.
Inflation rate: — Annual percentage increase in the general price level of goods and services.
Fiscal balance: — Government revenue minus expenditure. Surplus if positive, deficit if negative.
Current account: — Net flow of goods, services, and transfers with the rest of the world.

Total economic output and annual growth rate

Total GDP is $2.7 trillion, with slow growth of 0.8% in 2026.

Average economic output per person

GDP per capita is $64,809 in purchasing power terms ($45,883 nominal).

Consumer price inflation and labor market conditions

The economy is experiencing moderate inflation at 2.0% and moderate unemployment at 6.7%.

Government debt, revenue, and expenditure as percentage of GDP

Government debt is very high at 138% of GDP. The government spends more than it collects (revenue: 47.1%, expenditure: 49.9% of GDP).

Fiscal balance and current account as percentage of GDP

The country is running a fiscal deficit of 2.8% and a current account surplus of 1.0% of GDP.

Italy is one of the world's wealthiest economies, with GDP per capita (PPP) of $65k. Government debt exceeds GDP at 138%.