Description
Italy Real Gross Domestic Product (GDP) in US Dollars is released by the Italian National Institute of Statistics (Istituto Nazionale di Statistica, ISTAT). This indicator measures the value of all goods and services produced within Italy, adjusted for inflation and converted to US dollars. It is a key indicator for assessing the overall economic performance of Italy. A higher GDP suggests a strong economy, while a lower GDP indicates a weak economy.
Real GDP is calculated by first taking the Nominal GDP, which is the market value of all final goods and services produced domestically in a given period, then adjusting it for inflation using the GDP deflator, and finally converting it to US dollars using the current exchange rate.
The data is typically released quarterly by ISTAT, providing an estimate of the previous quarter's economic performance.