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Italy

Updated: July 2026

Key Insights
  • Data Quality
    The quality of Italy’s GDP and Population data is rated A and B grade respectively by World Economics. It is therefore a reliable source for economic and demographic analysis.

  • GDP Growth
    Italian GDP growth has been low in relation to global comparisons, but very average in European terms, over the last decade. For example, for its share of global growth over the last decade, Italy ranks 25th globally, but 6th within Europe.

  • Demographics
    Italy’s fertility rate has been in decline over recent decades and is currently sub-replacement at 1.1%. This has led to a demographic shift where there is a decreasing amount of working-age people available to support the ever-increasing proportion of retirees in the population. Where in 2000 there was around 4 workers to each retiree, by 2050 UN projections show there will only be 1.5 workers to each retiree. Currently, Italy has the third highest Old Age Dependency in Europe at 38.8%. Moreover, it is the country with the highest Median Age in Europe at 46.8. The elderly consume more resources, both in terms of pensions and medical and care costs, than any other age demographic. Therefore, the declining amount of workers to support the increasing amount of non-workers will mean the tax burden on the working population will become increasingly unsustainable.

  • Debt
    Italy has the second largest Government debt in the Eurozone and it is forecast to rise to around 138% of GDP in 2026. This debt burden will become an increasing problem due to the financial cost of Italy’s aging population.

QUICK LINKS
Economics:   
GDP DATA QUALITY   /   GDP SIZE   /   GDP GROWTH   /   WEALTH   /   INEQUALITY   /   DEBT
Demographics:   
DATA QUALITY    /    POPULATION PROFILE

E.S.G.:   
ENVIRONMENTAL    /    SOCIAL    /    GOVERNANCE

 
ECONOMICS
DEMOGRAPHICS
E.S.G.
Economics sections:    GDP DATA QUALITY   /   GDP SIZE   /   GDP GROWTH   /   WEALTH   /   INEQUALITY   /   DEBT

 
GDP DATA QUALITY

Data Quality Ratings are derived from scores in five areas: Base year recency; System of National Accounts framework version; Informal economy size; Statistical resources available; and likelihood of Government interference. Scores are based on a 0-100 scale. Read more...


GDP Data Quality Ratings
Index: 0 = Extremely poor quality, 100 = Good as it gets
Ranked by Data Quality Index
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Country
 Rank
Order		 World Economics
Data Quality
(Index, 0-100)		 World Economics
Data Quality
(Rating, A-E)		 Base
Year
Chained/Year		 SNA
Framework
Version		 Informal
Economy
% of GDP		 Statistical
Resources
Index (0-100)		 Governance
Levels
Index (0-100)





Latvia 25 89.1 A Chained 2008 18.4 83.5 78.9
Poland 26 89.1 A Chained 2008 19.5 91.2 69.2
Czechia 27 88.7 A Chained 2008 13.8 73.7 79.8
Slovak Republic 28 88.3 A Chained 2008 13.9 84.0 68.2
Israel 29 87.7 A Chained 2008 14.9 85.7 65.1
Korea, Rep. 30 87.6 A Chained 2008 19.9 82.4 75.1
Spain 31 87.4 A Chained 2008 17.2 77.8 74.0
Taiwan 32 87.4 A Chained 2008 19.8 80.8 81.8
Italy 33 87.1 A Chained 2008 18.0 86.5 66.1
Chile 34 86.0 B Chained 2008 18.5 76.2 71.3
Malta 35 85.1 B Chained 2008 23.1 84.4 65.6
Romania 36 85.0 B Chained 2008 25.5 88.4 64.6
Cyprus 37 84.4 B Chained 2008 18.8 72.0 67.5
Costa Rica 38 84.3 B Chained 2008 24.2 76.1 71.1
Mauritius 39 83.6 B Chained 2008 20.0 67.3 69.6
Hungary 40 83.4 B Chained 2008 21.1 84.9 53.8
Croatia 41 83.0 B Chained 2008 24.1 76.8 63.7

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Data Notes
Data Quality Index numbers shown on a scale of 0-100.
         0 = Poor, 100 = Excellent.

Rating definitions:
         A: As good as it gets
         B: Good
         C: Use with caution
         D: Poor
         E: Extremely poor quality

The index calculations and displayed data are derived from the most current and up-to-date source data available.
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GDP SIZE

GDP Size data is shown in Purchasing Power Parity terms with added estimates for the size of the informal economy and adjustments for out-of-date GDP base year data. Read more...


Gross Domestic Product (GDP)
Ranked by GDP: 2025
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Country Rank
Order		 World Economics
Data Quality
(Rating, A-E)		 2025
Estimate
Billions, PPP Int$		 2030
Estimate
Billions, PPP Int$		 Share of
Global GDP
%, 2025




Indonesia 6 C $6,302 $7,911 2.9%
Germany 7 A $5,731 $6,005 2.7%
Brazil 8 B $5,534 $6,432 2.6%
France 9 A $4,279 $4,785 2.0%
United Kingdom 10 A $4,021 $4,603 1.9%
Türkiye 11 C $4,015 $5,305 1.9%
Mexico 12 C $3,967 $4,538 1.8%
Nigeria 13 D $3,850 $5,197 1.8%
Italy 14 A $3,724 $4,234 1.7%
Korea, Rep. 15 A $3,491 $3,954 1.6%
Egypt 16 D $3,029 $3,717 1.4%
Spain 17 A $2,852 $3,451 1.3%
Saudi Arabia 18 B $2,724 $3,458 1.3%
Canada 19 A $2,604 $2,971 1.2%
Vietnam 20 D $2,245 $2,984 1.0%
Thailand 21 C $2,224 $2,453 1.0%
Bangladesh 22 C $2,183 $2,919 1.0%

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Data Notes
Data Quality Index numbers shown on a scale of 0-100.
         0 = Poor, 100 = Excellent.

Grade definitions:
         A: As good as it gets
         B: Good
         C: Use with caution
         D: Poor
         E: Extremely poor quality


GDP in Purchasing Power Parity terms with added estimates for the size of the informal economy and adjustments for out-of-date GDP base year data.

Share of Global GDP expressed as a percentage of the sum of GDP for all countries in the World Economics database.

Projections for 2030 are made by applying IMF growth rates for 2025 and 2026, with the 5-Year Compound Annual Growth Rate (CAGR) applied thereafter to extrapolate the data to 2030.
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GDP GROWTH

Compound Annual Growth Rates (CAGR) are derived from GDP Data in Purchasing Power Parity terms with added estimates for the size of the informal economy and adjustments for out-of-date GDP base year data.


Compound Annual Growth Rate (CAGR) over the last 10-years
Ranked by CAGR: 10-Year
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Country Rank
Order		 World Economics
Data Quality
(Rating, A-E)		 CAGR
10 Year
2015-2025		 CAGR
5 Year
2020-2025		 CAGR
3 Year
2022-2025		 Share of
Global Growth
Percentage




United Kingdom 128 A 1.3% 3.2% 0.9% 0.9%
Uruguay 129 C 1.3% 3.4% 2.3% 0.0%
Austria 130 A 1.2% 1.9% -0.1% 0.1%
Belarus 131 C 1.2% 1.6% 3.5% 0.1%
France 132 A 1.2% 2.6% 1.2% 0.8%
Finland 133 A 1.1% 1.0% 0.5% 0.1%
Hong Kong 134 B 1.1% 2.2% 2.9% 0.1%
Mexico 135 C 1.1% 3.0% 1.8% 0.7%
Italy 136 A 1.0% 3.1% 0.7% 0.6%
Tunisia 137 C 0.9% 2.2% 1.1% 0.0%
Angola 138 E 0.8% 3.0% 2.8% 0.1%
Brunei 139 C 0.8% 0.9% 2.6% 0.0%
Myanmar 140 E 0.8% -1.5% 0.4% 0.1%
Argentina 141 C 0.7% 3.5% 0.6% 0.2%
Germany 142 A 0.7% 0.9% -0.4% 0.7%
South Africa 143 C 0.7% 1.9% 0.9% 0.2%
Japan 144 A 0.5% 1.3% 0.9% 0.5%

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Data Notes
Data Quality Index numbers shown on a scale of 0-100.
         0 = Poor, 100 = Excellent.

Grade definitions:
         A: As good as it gets
         B: Good
         C: Use with caution
         D: Poor
         E: Extremely poor quality


GDP in Purchasing Power Parity terms with added estimates for the size of the informal economy and adjustments for out-of-date GDP base year data.

Share of Global GDP Growth expressed as a percentage of the sum of GDP for all countries in the World Economics database.
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WEALTH

Wealth is notoriously difficult to measure. The table below shows two measures: Income per Capita (proxied by GDP per capita) and Asset Wealth per Capita (proxied by data derived from the Credit Suisse Wealth Report). Population data is sourced from the United Nations Population Prospects database.


Income and Asset Wealth Per Capita
Indexes: 0 = Extremely poor, 100 = Good as it gets.
Data ranked by Income per Capita
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Country Income
per Capita
(2025, Int$)		 Asset Wealth
per Capita
(2024, Int$)




Austria $69.4K $200.2K
Australia $68.8K $367.6K
Germany $68.3K $209.2K
Korea, Rep. $67.7K $191.0K
Canada $65.1K $290.4K
France $64.3K $242.9K
Kuwait $64.2K $130.9K
Finland $63.6K $142.8K
Italy $63.1K $187.2K
Spain $59.7K $178.6K
Slovenia $59.6K $88.7K
Lithuania $58.9K $54.1K
Israel $58.7K $149.1K
United Kingdom $58.0K $235.8K
Czechia $57.5K $73.4K
New Zealand $55.4K $272.8K
Croatia $55.1K $57.4K

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Data Notes
Income Wealth uses GDP per capita derived from World Economics GDP data for 2025 measured in PPP Int$ terms, with added estimates for the Informal economy and adjustments for Base Year age.

Asset Wealth uses the Credit Suisse Mean Net Wealth per country data converted into per capita terms using population data from the United Nations Population Prospects database.
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INEQUALITY

The Inequality Index shown below is derived from the Gini Inequality Coefficient. Gini Country data varies considerably by date. These variations are recorded in the World Economics database.

The World Economics Inequality Index ranks each country onto a scale of 0-100, a high value indicates a more egalitarian society - and a low value suggests a lot of the national income is in the hands of very few depending upon the unit of measurement. Read more...


Inequality Rankings
Index: 0-100, 0 = High Inequality; 100 = High Equality
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Country Rank
Order		 World Economics
Inequality Index
(0-100)		 World Economics
Inequality Rating
(A-E)		 Gini
Coefficient
(%)		 Gini
Data
(Year)




Luxembourg 38 74.9 B 34.1 2020
Georgia 39 74.7 B 34.2 2021
Bosnia and Herzegovina 40 74.6 B 34.3 2019
New Zealand 41 73.8 B 34.6 2019
Spain 42 73.6 B 34.7 2020
Germany 43 73.3 B 34.8 2019
Romania 44 73.2 B 34.8 2020
Thailand 45 72.6 B 35.1 2021
Italy 46 72.4 B 35.2 2020
Latvia 47 72.4 B 35.2 2020
Russia 48 71.6 B 35.5 2020
Egypt 49 71.5 B 35.6 2018
Lithuania 50 70.5 B 36.0 2020
Brunei 51 69.1 B 36.6 2019
Vietnam 52 68.7 B 36.8 2020
United Arab Emirates 53 68.5 B 36.9 2019
Pakistan 54 67.8 B 37.2 2019

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Data Notes
The Index is on a scale of 0-100, a high value indicates a more egalitarian society - and a low value suggests a lot of the national income is in the hands of very few depending upon the unit of measurement.

Rating definitions:
         A: Very good
         B: Good
         C: Average
         D: Poor
         E: Very poor


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DEBT

The debt-to-GDP ratio is the ratio between a country's offical government debt and its gross domestic product (GDP), the later measured in Purchasing Power Parity terms with added estimates for out-of-date adjustments for out-of-date GDP base years and the size of informal economic activity.


Debt-to-GDP Ratio
Ranked by debt as a percentage of GDP
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Country Rank
Order		 Debt
% of GDP		 Debt
Billions, Int$



Japan 1 207.4% $13,119.93
Singapore 2 161.6% $1,446.42
United States 3 120.9% $33,749.47
Greece 4 117.3% $563.93
Italy 5 117.2% $4,364.49
Bahrain 6 108.1% $141.31
France 7 105.9% $4,531.39
Canada 8 103.3% $2,690.16
Libya 9 98.3% $163.55
United Kingdom 10 96.2% $3,868.16
Belgium 11 95.8% $840.15
China 12 85.6% $36,116.54
Spain 13 84.2% $2,401.49

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Data Notes
GDP is presented it in Purchasing Power Parity terms with added estimates for the size of the informal economy and adjustments for out-of-date GDP base year data.

Debt-to-GDP ratio expressed in percentage terms.
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