22, Jul 2019, EDT.

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Country or Region: Italy › Change country
Economic Indicator: Output Gap, Percent of Potential GDP › See all Italy indicators, › See Output Gap, Percent of Potential GDP data for all countries
Detailed Analysis for Year: 2015 › Change year
Full Dataset: from 1980 to 2019
Dataset updated: 17th March 2015
Data Source: International Monetary Fund (IMF)
National or Regional Currency: Euro
Currency Symbol: EUR

Output gaps for advanced economies are calculated as actual GDP less potential GDP as a percent of potential GDP. Estimates of output gaps are subject to a significant margin of uncertainty. See notes for: Gross domestic product, constant prices (National currency).

Output Gap, Percent of Potential GDP for Italy in year 2015 is -3.32 %. Output gaps for advanced economies are calculated as actual GDP less potential GDP as a percent of potential GDP. Estimates of output gaps are subject to a significant margin of uncertainty.

This makes Italy No. 24 in world rankings according to Output Gap, Percent of Potential GDP in year 2015. The world's average Output Gap, Percent of Potential GDP value is -0.23 %; Italy is 3.09 less than the average.

In the previous year, 2014, Output Gap, Percent of Potential GDP for Italy was -4.13 % Output Gap, Percent of Potential GDP for Italy in 2015 was or will be 19.61% less than it was or will be in 2014.

In the following or forecasted year, 2016, Output Gap, Percent of Potential GDP for Italy was or will be -2.50 %, which is 24.70% less than the 2015 figure.