Expense in Italy
Italy: Expense was 1.01 trillion current LCU in 2023. ◆ Volatile
Expense in Italy, 1973–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for expense in Italy is 1.01 trillion current LCU, measured in 2023. That is the highest value across all 46 years on record.
Compared with earlier readings it is up 4.8% on the previous year and up 42.8% over ten years.
Over the whole period, expense in Italy peaked at 1.01 trillion current LCU in 2023 and was at its lowest, 14.07 billion current LCU, in 1973.
That places Italy 60th out of 157 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Expense in Italy, year by year
| Year | current LCU | Change |
|---|---|---|
| 1973 | 14.07 billion current LCU | — |
| 1974 | 17.82 billion current LCU | +26.7% |
| 1975 | 23.82 billion current LCU | +33.7% |
| 1976 | 28.99 billion current LCU | +21.7% |
| 1977 | 35.41 billion current LCU | +22.1% |
| 1978 | 46.80 billion current LCU | +32.2% |
| 1979 | 60.36 billion current LCU | +29.0% |
| 1980 | 81.42 billion current LCU | +34.9% |
| 1986 | 227.52 billion current LCU | +179.4% |
| 1987 | 253.44 billion current LCU | +11.4% |
| 1988 | 254.24 billion current LCU | +0.3% |
| 1989 | 285.00 billion current LCU | +12.1% |
| 1990 | 316.08 billion current LCU | +10.9% |
| 1991 | 351.96 billion current LCU | +11.4% |
| 1992 | 395.60 billion current LCU | +12.4% |
| 1993 | 416.56 billion current LCU | +5.3% |
| 1994 | 419.97 billion current LCU | +0.8% |
| 1995 | 475.90 billion current LCU | +13.3% |
| 1996 | 495.73 billion current LCU | +4.2% |
| 1997 | 492.39 billion current LCU | -0.7% |
| 1998 | 469.17 billion current LCU | -4.7% |
| 1999 | 481.70 billion current LCU | +2.7% |
| 2000 | 490.12 billion current LCU | +1.7% |
| 2001 | 521.66 billion current LCU | +6.4% |
| 2002 | 533.30 billion current LCU | +2.2% |
| 2003 | 552.89 billion current LCU | +3.7% |
| 2004 | 564.18 billion current LCU | +2.0% |
| 2005 | 585.29 billion current LCU | +3.7% |
| 2006 | 617.78 billion current LCU | +5.6% |
| 2007 | 633.67 billion current LCU | +2.6% |
| 2008 | 666.63 billion current LCU | +5.2% |
| 2009 | 697.60 billion current LCU | +4.6% |
| 2010 | 690.75 billion current LCU | -1.0% |
| 2011 | 693.24 billion current LCU | +0.4% |
| 2012 | 710.29 billion current LCU | +2.5% |
| 2013 | 709.27 billion current LCU | -0.1% |
| 2014 | 712.75 billion current LCU | +0.5% |
| 2015 | 724.01 billion current LCU | +1.6% |
| 2016 | 736.52 billion current LCU | +1.7% |
| 2017 | 749.20 billion current LCU | +1.7% |
| 2018 | 755.59 billion current LCU | +0.9% |
| 2019 | 763.03 billion current LCU | +1.0% |
| 2020 | 840.76 billion current LCU | +10.2% |
| 2021 | 914.86 billion current LCU | +8.8% |
| 2022 | 966.47 billion current LCU | +5.6% |
| 2023 | 1.01 trillion current LCU | +4.8% |
Italy compared with similar countries
- Italy's 1.01 trillion current LCU is above the median for high income countries, which is 134.42 billion current LCU, 7.5× the median. (57 countries reporting)
- Italy's 1.01 trillion current LCU is above the median for Europe & Central Asia, which is 301.38 billion current LCU, 3.4× the median. (47 countries reporting)
Biggest year-on-year movements
Years where Expense in Italy changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1986 | +179.4% | 81.42 billion current LCU | 227.52 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 32.47 billion current LCU | 14.07 billion current LCU | 60.36 billion current LCU | 7 |
| 1980s | 220.33 billion current LCU | 81.42 billion current LCU | 285.00 billion current LCU | 5 |
| 1990s | 431.51 billion current LCU | 316.08 billion current LCU | 495.73 billion current LCU | 10 |
| 2000s | 586.31 billion current LCU | 490.12 billion current LCU | 697.60 billion current LCU | 10 |
| 2010s | 724.47 billion current LCU | 690.75 billion current LCU | 763.03 billion current LCU | 10 |
| 2020s | 933.78 billion current LCU | 840.76 billion current LCU | 1.01 trillion current LCU | 4 |
Countries ranked near Italy
- 57 United Kingdom 1.13 trillion current LCU compare
- 58 Uruguay 1.12 trillion current LCU compare
- 59 Saudi Arabia 1.11 trillion current LCU compare
- 61 Burundi 1.00 trillion current LCU compare
- 62 Togo 945.35 billion current LCU compare
- 63 Equatorial Guinea 943.02 billion current LCU compare
More public sector data for Italy
- Democracy, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Democracy 7 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is expense in Italy?
- Expense in Italy was 1.01 trillion current LCU in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest expense recorded in Italy?
- The highest recorded value was 1.01 trillion current LCU in 2023.
- What is the lowest expense recorded in Italy?
- The lowest recorded value was 14.07 billion current LCU in 1973.
- How does Italy rank for expense?
- Italy ranks 60th out of 157 countries with data for 2023.
- Is expense rising or falling in Italy?
- Over the last ten years it is up 42.8%. The long-run trend across the full record is volatile.
- Where does this Italy data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Expense (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 46 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Expense is a decrease in net worth resulting from a transaction. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.