Italy's expense (current LCU) was 1.01 trillion in 2023, the latest year in the World Bank's World Development Indicators. That is up 42.83% from 709.27 billion in 2013 (3.63% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 1.01 trillion | 2023 |
| Five years earlier | 755.59 billion | 2018 |
| Ten years earlier | 709.27 billion | 2013 |
| Highest | 1.01 trillion | 2023 |
| Lowest | 14.07 billion | 1973 |
| Average since 2014 | 817.62 billion | 2014–2023 |
| First recorded | 14.07 billion |
What the numbers say
In 2023, Italy's expense (current LCU) rose 4.8% on 2022 (from 966.47 billion to 1.01 trillion).
Across the 30 yearly changes before that (1993 to 2022), the average change was +3.1% and a typical year strayed about 3.6% from that (the standard deviation). This year's change was 0.5 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 34.9% in 1980 and the biggest yearly fall was 4.7% in 1998. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2014 to 2023 the straight-line trend is upward, about 33.78 billion a year. A straight line explains 87% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2023, Italy had the 33rd highest value of the 80 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Italy in the 2023 ranking
- United Kingdom — 30th of 80: 1.13 trillion
- Uruguay — 31st of 80: 1.12 trillion
- Saudi Arabia — 32nd of 80: 1.11 trillion
- Togo — 34th of 80: 945.35 billion
- Denmark — 35th of 80: 929.46 billion
- Israel — 36th of 80: 703.2 billion
What this measures
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.
Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).
All 46 values
| Year | Expense (current LCU) |
|---|---|
| 2023 | 1,013,033,000,000 |
| 2022 | 966,473,000,000 |
| 2021 | 914,855,000,000 |
| 2020 | 840,759,000,000 |
| 2019 | 763,027,000,000 |
| 2018 | 755,590,000,000 |
| 2017 | 749,200,000,000 |
| 2016 | 736,522,000,000 |
| 2015 | 724,014,000,000 |
| 2014 | 712,746,000,000 |
| 2013 |
Expense (current LCU) in nearby economies
- Albania — 601.38 billion (2023)
- Armenia — 1.99 trillion (2023)
- Austria — 219.95 billion (2023)
- Azerbaijan — 30.83 billion (2022)
- Belarus — 62.05 billion (2023)
- Belgium — 223.05 billion (2022)
- Bosnia and Herzegovina — 17.62 billion (2023)
- Bulgaria — 33.8 billion (2023)
- Croatia — 30.19 billion (2023)
- Cyprus — 12.48 billion (2023)
- Czechia — 2.43 trillion (2022)
- Denmark
More public sector data for Italy
- Arms imports (SIPRI trend indicator values) — 566 million (2025)
- Military expenditure (current USD) — 48.14 billion (2025)
- Military expenditure (current LCU) — 42.68 billion (2025)
- Military expenditure (% of GDP) — 1.89% (2025)
- Arms exports (SIPRI trend indicator values) — 1.92 billion (2025)
- Grants and other revenue (current LCU) — 58.5 billion (2024)
- Social contributions (current LCU) — 278.44 billion (2024)
- Taxes on goods and services (current LCU) — 213.15 billion (2024)
- Other taxes (current LCU) — 38.15 billion (2024)
- Tax revenue (current LCU) — 563.82 billion (2024)
Reading data like this
Questions people ask
- What is Italy's expense (current LCU)?
- 1.01 trillion in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 1973?
- It is up 7,102% from 14.07 billion in 1973 (8.93% a year on average, compounded). The highest value was 1.01 trillion in 2023 and the lowest 14.07 billion in 1973.
- How does Italy rank?
- 33rd highest of 80 economies with data for 2023.
- Is the latest change in expense (current LCU) unusual for Italy?
- In 2023, Italy's expense (current LCU) rose 4.8% on 2022 (from 966.47 billion to 1.01 trillion). Across the 30 yearly changes before that (1993 to 2022), the average change was +3.1% and a typical year strayed about 3.6% from that (the standard deviation). This year's change was 0.5 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator GC.XPN.TOTL.CN, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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