Italy’s GDP Growth in 2024: +0.5%, with Industrial Recovery in Q4
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In 2024, Italy’s GDP grew by 0.5% compared to 2023, boosted by four extra working days. In Q4, the economy saw no quarter-on-quarter growth but a 0.5% year-on-year increase. The industrial sector recovered, while primary sectors and services declined. National demand decreased, but net external demand rose. Final accounts will be released on March 3, 2025.
In 2024, Italy’s GDP increased by 0.5% compared to 2023, according to preliminary estimates from Istat, which accounted for calendar effects and seasonality adjustments. This growth is influenced by the fact that there were four additional working days compared to the previous year. The final national accounts for 2024 will be released on March 3, 2025.
In the fourth quarter of 2024, Italy’s economy showed no quarter-on-quarter growth, similar to the third quarter, but recorded a year-on-year increase of 0.5%. This provisional result confirms a 0.5% growth for the entire year. However, Istat highlights a decline in the primary sector and services, while the industrial sector showed signs of recovery.
On the demand side, national demand, excluding inventories, saw a decrease, while net external demand showed an increase. By the end of 2024, the acquired growth for 2025 is estimated to be zero.
In 2024, Italy’s GDP increased by 0.5% compared to 2023, according to preliminary estimates from Istat, which accounted for calendar effects and seasonality adjustments. This growth is influenced by the fact that there were four additional working days compared to the previous year. The final national accounts for 2024 will be released on March 3, 2025.
In the fourth quarter of 2024, Italy’s economy showed no quarter-on-quarter growth, similar to the third quarter, but recorded a year-on-year increase of 0.5%. This provisional result confirms a 0.5% growth for the entire year. However, Istat highlights a decline in the primary sector and services, while the industrial sector showed signs of recovery.
On the demand side, national demand, excluding inventories, saw a decrease, while net external demand showed an increase. By the end of 2024, the acquired growth for 2025 is estimated to be zero.