Italy: Percent of world GDP

* indicates monthly or quarterly data series

Percent of world GDP

 Latest value 2.25
 Year 2021
 Measure percent
 Data availability 1980 - 2021
 Average 3.71
 Min - Max 2.25 - 5.31
 Source The World Bank
For that indicator, we provide data for Italy from 1980 to 2021. The average value for Italy during that period was 3.71 percent with a minimum of 2.25 percent in 2021 and a maximum of 5.31 percent in 1991. The latest value from 2021 is 2.25 percent. For comparison, the world average in 2021 based on 191 countries is 0.52 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Italy - Percent of world GDP - Recent values chart

Historical chart
Italy - Percent of world GDP - historical chart - 1980-2021

Definition: We calculated the world GDP as the sum of the GDP of all countries expressed in current USD. The share of GDP is the GDP of a particular country as percent of the world GDP. 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. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

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 Related indicators Latest value Reference Measure
 Percent of world population 0.75 2021 percent
 Percent of world GDP 2.25 2021 percent
 Percent of world exports 2.57 2021 percent
 Percent of world imports 2.47 2021 percent
 Percent of world FDI 1.11 2021 percent
 Percent of world oil reserves 0.03 2021 percent
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