Gross Domestic Product (GDP) per capita in Italy 2022, by region
In 2022, the Gross domestic product (GDP) in Italy reached roughly 33,000 euros per capita. When analyzed from the regional perspective, the highest GDP per capita can be observed in the Northern areas of the country. Trentino-South Tyrol led the ranking, with a GDP per inhabitant of almost 50,000 euros. Lombardy and Aosta Valley ranked in the second and third place, with a GDP per capita of 44,000 euros and 43,000 euros, respectively. The figure of Trentino-South Tyrol represented more than the double of the GDP per capita of the southern regions of Calabria, Sicily, Campania, Apulia, and Molise, confirming the critical divide between these two areas of the country.
Economic performance of a country
Gross domestic product per capita is an indicator of economic performance, calculated as a division of the total gross domestic product of a country in a certain period of time by its population. Whereas nominal and real GDP help to understand the economic strength of the country as a whole, per capita values illustrate the standard of living and wellbeing of the citizens.
COVID-19 and GDP
Forecasts published at the end of 2019 estimated that Italy's economy would have experienced a slow growth during 2020. However, the outbreak of COVID-19 significantly changed this scenario. Different estimations on Italy's GDP growth have been published since the outbreak of the coronavirus pandemic. Some of the most recent data from 2021 show the GDP decreased by 8.8 percent in 2020. Similarly, a forecast from December 2020 estimated that this figure might decline by 8.9 percent during 2021.