Industry Sector Contribution to GDP in Italy (1990-2022)

Industry Sector Contribution to GDP in Italy (1990-2022)

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TGM StatBox. (2024). Industry Sector Contribution to GDP in Italy (1990-2022). TGM StatBox.
Chart Details
Timeframe: 1990-2022
Country: Italy
Published date: 2024
Note: Industry (% of GDP), according to World Development Indicators, measures the contribution of the industrial sector to a country's Gross Domestic Product (GDP). This metric reflects the economic significance of manufacturing, mining, construction, and utilities, indicating the value generated by industrial activities relative to the overall economy.
Key Takeaways
Italy’s industry sector contribution has generally declined from 28.1% in 1990, stabilizing around 20-23% in recent years. The 2008 financial crisis significantly impacted Italy's industrial production, and recent data reflects a slight resurgence as Italy focuses on specialized manufacturing. Italy’s steadying trend post-2020, at around 23.8% in 2022, underscores a resilient industrial sector that has adapted to economic pressures while maintaining traditional strengths in specialized production, particularly within high-quality manufacturing and luxury goods.

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