In 2023, Italy's GDP was primarily composed of the services sector at 49.57%, followed by mining, manufacturing, and utilities at 19.13%. Wholesale, retail trade, restaurants, and hotels contributed 15.21%, while transport, storage, and communication accounted for 9.22%. Construction made up 4.77%, and agriculture, hunting, forestry, and fishing represented 2.09%. Year-on-year growth has shown moderate increases across sectors, with a notable rise in services and a modest growth in manufacturing. Over the last five years, the CAGR indicates stable growth in these key sectors.
Future trends to watch include:
- Potential expansion in the digital services sector driven by technological advancements.
- Moderate growth in sustainable farming and agri-tech impacting the agricultural sector.
- Continued evolution in manufacturing through automation and Industry 4.0.
- Potential downturns in traditional sectors impacted by global economic volatility.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Services | 49.57 | 2016 | |
| 2 | 2 Mining, Manufacturing, Utilities | 19.13 | 2016 | |
| 3 | 3 Wholesale, retail trade, restaurants and hotels | 15.21 | 2016 | |
| 4 | 4 Transport, storage and communication | 9.22 | 2016 | |
| 5 | 5 Construction | 4.77 | 2016 | |
| 6 | 6 Agriculture, hunting, forestry, fishing | 2.09 | 2016 |
