Description
Italy Nominal 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 total market value of all final goods and services produced within Italy during a specific period, valued at current prices. It is used to assess the country's economic performance. A higher GDP figure indicates economic growth, while a lower figure may suggest stagnation or contraction.
Nominal GDP is calculated by summing the total value of consumption, investment, government spending, and net exports (exports minus imports), all valued at current prices. It does not take into account inflation or deflation.
The data is updated quarterly, with a preliminary estimate released approximately 30 days after the end of the quarter. Revised and final figures are released in subsequent months.