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

Italy’s services sector maintained a high contribution to GDP, reflecting the nation’s focus on tourism, retail, and finance. Starting at 60.1% in 1990, the sector showed steady growth, reaching 63.8% by 2002, spurred by EU integration and enhanced trade. Italy weathered the Global Financial Crisis with a moderate increase to 66.7% in 2009, though austerity measures in subsequent years stabilized the share near 66%. The pandemic in 2020 saw the sector peak at 66.9% as demand for essential services increased, though economic constraints brought it down to 64.3% by 2022. This trend underscores Italy’s reliance on its mature services industry, especially amid industrial slowdowns and demographic challenges, positioning services as a critical sector for employment and economic stability.