Annual government expenditure by function (COFOG) — Gross fixed in Italy

Italy: Annual government expenditure by function (COFOG) — Gross fixed was 78,345 National currency in 2024. ▲ Rising

Latest (2024)
78,345 National currency
Change on year
up 16.3%
World rank
16th
of 27 countries
All-time high
78,345 National currency
in 2024
All-time low
25,135 National currency
in 1995
Years of data
30
1995–2024

Annual government expenditure by function (COFOG) — Gross fixed in Italy, 1995–2024

20.0k40.0k60.0k80.0k1995200920241995: 25.1k National currency1996: 27.6k National currency1997: 29.0k National currency1998: 31.2k National currency1999: 33.5k National currency2000: 34.6k National currency2001: 38.7k National currency2002: 33.1k National currency2003: 42.4k National currency2004: 45.4k National currency2005: 47.1k National currency2006: 48.8k National currency2007: 50.8k National currency2008: 51.5k National currency2009: 57.4k National currency2010: 49.4k National currency2011: 47.4k National currency2012: 42.9k National currency2013: 40.4k National currency2014: 37.6k National currency2015: 40.2k National currency2016: 38.6k National currency2017: 37.9k National currency2018: 37.8k National currency2019: 41.9k National currency2020: 43.9k National currency2021: 52.4k National currency2022: 52.8k National currency2023: 67.4k National currency2024: 78.3k National currency

Source: Organisation for Economic Co-operation and Development. Measured in National currency.

Analysis

Italy recorded 78,345 National currency for annual government expenditure by function (cofog) — gross fixed in 2024. That is the highest value across all 30 years on record.

That represents a change of up 16.3% on the previous year and up 108.3% over ten years.

Over the whole period, annual government expenditure by function (cofog) — gross fixed in Italy peaked at 78,345 National currency in 2024 and was at its lowest, 25,135 National currency, in 1995.

Italy ranks 16th of 27 countries on this measure, in the middle of the range.

The long-run direction has been consistently rising across the 30 years of available data.

Annual government expenditure by function (COFOG) — Gross fixed in Italy, year by year

Annual values for Annual government expenditure by function (COFOG) — Gross fixed capital formation in Italy, 1995 to 2024.
Year National currency Change
1995 25,135 National currency
1996 27,558 National currency +9.6%
1997 28,953 National currency +5.1%
1998 31,225 National currency +7.8%
1999 33,526 National currency +7.4%
2000 34,605 National currency +3.2%
2001 38,680 National currency +11.8%
2002 33,102 National currency -14.4%
2003 42,394 National currency +28.1%
2004 45,373 National currency +7.0%
2005 47,123 National currency +3.9%
2006 48,847 National currency +3.7%
2007 50,752 National currency +3.9%
2008 51,494 National currency +1.5%
2009 57,351 National currency +11.4%
2010 49,425 National currency -13.8%
2011 47,416 National currency -4.1%
2012 42,859 National currency -9.6%
2013 40,367 National currency -5.8%
2014 37,617 National currency -6.8%
2015 40,168 National currency +6.8%
2016 38,582 National currency -3.9%
2017 37,911 National currency -1.7%
2018 37,823 National currency -0.2%
2019 41,865 National currency +10.7%
2020 43,885 National currency +4.8%
2021 52,402 National currency +19.4%
2022 52,789 National currency +0.7%
2023 67,357 National currency +27.6%
2024 78,345 National currency +16.3%

Averages by decade

DecadeAverage LowestHighest Years
1990s 29,279 National currency 25,135 National currency 33,526 National currency 5
2000s 44,972 National currency 33,102 National currency 57,351 National currency 10
2010s 41,403 National currency 37,617 National currency 49,425 National currency 10
2020s 58,956 National currency 43,885 National currency 78,345 National currency 5

Countries ranked near Italy

  1. 13 Australia 101,606 National currency compare
  2. 14 United Kingdom of Great Britain and Northern Ireland 93,796 National currency compare
  3. 15 Denmark 92,992 National currency compare
  4. 17 Spain 43,485 National currency compare
  5. 18 Switzerland 26,112 National currency compare
  6. 19 Austria 19,420 National currency compare

See the full ranking of 38 places →

More public sector data for Italy

All data for Italy →

Frequently asked questions

What is annual government expenditure by function (cofog) — gross fixed in Italy?
Annual government expenditure by function (cofog) — gross fixed in Italy was 78,345 National currency in 2024, according to Organisation for Economic Co-operation and Development.
What is the highest annual government expenditure by function (cofog) — gross fixed recorded in Italy?
The highest recorded value was 78,345 National currency in 2024.
What is the lowest annual government expenditure by function (cofog) — gross fixed recorded in Italy?
The lowest recorded value was 25,135 National currency in 1995.
How does Italy rank for annual government expenditure by function (cofog) — gross fixed?
Italy ranks 16th out of 27 countries with data for 2024.
Is annual government expenditure by function (cofog) — gross fixed rising or falling in Italy?
Over the last ten years it is up 108.3%. The long-run trend across the full record is rising.
Where does this Italy data come from?
The figures come from Organisation for Economic Co-operation and Development, published as part of Annual government expenditure by function (COFOG) — Gross fixed capital formation. Statizoid updates them automatically from the source API.

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Annual government expenditure by function (COFOG) — Gross fixed in Italy. Statizoid, drawing on Organisation for Economic Co-operation and Development. Retrieved 24 August 2026, from https://public-sector.statizoid.com/stat/annual-government-expenditure-by-function-cofog-gross-fixed-capital-formation/italy/

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About this data

Indicator
Annual government expenditure by function (COFOG) — Gross fixed capital formation
Unit
National currency
Source
Organisation for Economic Co-operation and Development
Licence
OECD Terms and Conditions (attribution required)
Coverage
38 places, 1,116 data points, 1970–2025
Last refreshed

This table provides a breakdown of government expenditure according to the Classification of the Functions of Government (COFOG), which shows how much governments spend in areas such as health, education, environmental protection, defence and servicing public debt. The presentation is on a country-by-country basis. Users are recommended to select one country (or area) at a time in the ‘Reference area’ filter. Data is presented for each country in national currency as well as in euros for the European Union and the euro area. Data are also available, for most countries, for the sub-sectors of general government. Specific categories of expenditure (such as health and education) can be selected using the ‘Expenditure’ filter, while details of the type of expenditure such as compensation of employees (payment of wages and salaries and employers’ social contributions) can be selected using the ‘Transaction’ filter. For government final consumption expenditure a breakdown is also provided, in the ‘Transaction’ filter, between individual and collective consumption expenditure. Data is for General Government. For most countries, results are also available for the General Government sub-sectors: central, local and state (regional) government and social security. These sub-sectors can be selected using the ‘Institutional sector’ filter. These indicators were presented in the previous dissemination system in the SNA_TABLE11 dataset. See ANA Changes for information on changes in methodology: ANA Changes Explore also the Government Finances and Public Sector Debt webpage: Government Finances and Public Sector Debt webpage OECD statistics contact: STAT.Contact@oecd.org