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

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

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TGM StatBox. (2024). Manufacturing Sector Contribution to GDP in Italy (1990-2022). TGM StatBox.
Chart Details
Timeframe: 1990-2022
Country: Italy
Published date: 2024
Note: Manufacturing (% of GDP), according to World Development Indicators, measures the contribution of the manufacturing sector to a country's Gross Domestic Product (GDP).
Key Takeaways
Italy's manufacturing share in GDP has gradually declined from 20% in 1990 to 14.9% in 2022, reflecting challenges in modernization and increased competition from other EU countries. The sector experienced a steep decline during the 2009 financial crisis, dropping to 13.7%, but modest recovery efforts lifted it slightly through the 2010s. Italy's manufacturing remains strong in traditional sectors like fashion and automotive, but economic pressures and high labor costs have limited the sector's contribution relative to historical levels.

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