Table of Contents
What does GDP mean in Italy?
gross domestic product
Italy’s gross domestic product (GDP) is the most important measure for evaluating the performance of Italy’s economy (Economic Growth, GDP).
How does GDP per capita differ from GDP?
GDP, which stands for Gross Domestic Product, is a measure describing the value of a countryÃs economy. GDP per capita is a measure that results from GDP divided by the size of the nation’s overall population. So in essence, it is theoretically the amount of money that each individual gets in that particular country.
Which country is the highest GDP?
United States
GDP by Country
# | Country | GDP (abbrev.) |
---|---|---|
1 | United States | $19.485 trillion |
2 | China | $12.238 trillion |
3 | Japan | $4.872 trillion |
4 | Germany | $3.693 trillion |
What is a capita GDP?
GDP per capita is gross domestic product divided by midyear population. GDP at purchaser’s prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products.
What is the average GDP per capita in Italy?
Italy GDP Per Capita – Historical Data Year GDP Per Capita (US $) Annual Growth Rate (\%) 2020 $31,676 -5.63\% 2019 $33,567 -3.06\% 2018 $34,626 6.85\% 2017 $32,407 4.67\%
What does Italy’s GDP rank among the world’s most developed countries?
Despite the country’s ongoing recession, Italy’s GDP ranked the country in the top 10 countries with the largest gross domestic product in 2014, ahead of economically developed countries such as Canada and Australia. This implies that Italy’s economical struggles are more a result of inefficient spending rather than a lack of production.
What was the GDP of Italy in 1960?
GDP in Italy averaged 1000.42 USD Billion from 1960 until 2020, reaching an all time high of 2408.66 USD Billion in 2008 and a record low of 40.39 USD Billion in 1960.
What will Italy’s GDP look like in 2020?
In the long-term, the Italy GDP is projected to trend around 2150.00 USD Billion in 2020, according to our econometric models. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.