Italy's net foreign assets (current LCU) was -136.26 billion in 2023, the latest year in the World Bank's World Development Indicators. That is down 62.81% from -83.7 billion in 2013.
Key figures
| Value | Year | |
|---|---|---|
| Latest | -136.26 billion | 2023 |
| Five years earlier | -219.89 billion | 2018 |
| Ten years earlier | -83.7 billion | 2013 |
| Highest | 89.76 billion | 2009 |
| Lowest | -265.44 billion | 2022 |
| Average since 2014 | -146.76 billion | 2014–2023 |
| First recorded | -33.65 billion |
What the numbers say
In 2023, Italy's net foreign assets (current LCU) rose 129.18 billion on 2022 (from -265.44 billion to -136.26 billion).
Across the 21 yearly changes before that (2002 to 2022), the average change was −11.04 billion and a typical year strayed about 48.89 billion from that (the standard deviation). This year's change was 2.9 standard deviations above that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was 129.18 billion in 2023 and the biggest yearly fall was 104.36 billion in 2011. 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 downward, about 14.74 billion a year. A straight line explains 42% 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 16th highest value of the 16 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
- Barbados — 12th of 16: 2.26 billion
- São Tomé and Principe — 13th of 16: 1.56 billion
- Zimbabwe — 14th of 16: 1.55 billion
- Viet Nam — 16th of 16: -534.88 billion
What this measures
Net foreign assets are the sum of foreign assets held by monetary authorities and deposit money banks, less their foreign liabilities. 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.
All 23 values
| Year | Net foreign assets (current LCU) |
|---|---|
| 2023 | -136,263,423,478 |
| 2022 | -265,443,164,446 |
| 2021 | -161,406,085,838 |
| 2020 | -155,887,584,510 |
| 2019 | -136,841,319,464 |
| 2018 | -219,888,424,853 |
| 2017 | -178,865,614,396 |
| 2016 | -124,188,068,463 |
| 2015 | -56,466,572,984 |
| 2014 | -32,389,308,801 |
Net foreign assets (current LCU) in nearby economies
- Albania — 1.12 trillion (2025)
- Armenia — 305.82 billion (2025)
- Austria — 113.77 billion (2024)
- Azerbaijan — 25.43 billion (2025)
- Belarus — 11.41 billion (2021)
- Belgium — 180.33 billion (2024)
- Bosnia and Herzegovina — 23.03 billion (2025)
- Bulgaria — 46.19 billion (2024)
- Croatia — 21.73 billion (2024)
- Cyprus — 31.88 billion (2024)
- Czechia
More financial sector data for Italy
- Consumer price index (2010 = 100) — 131.87 (2025)
- Inflation, consumer prices (annual % growth) — 1.53% (2025)
- GDP deflator (base year varies by country) — 115.8 (2025)
- DEC alternative conversion factor (LCU per US$) — US$0.88 (2025)
- Official exchange rate (LCU per US$, period average) — US$0.88 (2025)
- Inflation, GDP deflator (annual % growth) — 1.99% (2025)
- Real effective exchange rate index (2010 = 100) — 95.58 (2025)
- S&P Global Equity Indices (annual % change) — 48.59% (2025)
- Inflation, GDP deflator, linked series (annual % growth) — 1.99% (2025)
Reading data like this
Questions people ask
- What is Italy's net foreign assets (current LCU)?
- -136.26 billion in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 2001?
- It is down 304.9% from -33.65 billion in 2001. The highest value was 89.76 billion in 2009 and the lowest -265.44 billion in 2022.
- How does Italy rank?
- 16th highest of 16 economies with data for 2023.
- Is the latest change in net foreign assets (current LCU) unusual for Italy?
- In 2023, Italy's net foreign assets (current LCU) rose 129.18 billion on 2022 (from -265.44 billion to -136.26 billion). Across the 21 yearly changes before that (2002 to 2022), the average change was −11.04 billion and a typical year strayed about 48.89 billion from that (the standard deviation). This year's change was 2.9 standard deviations above that average, so it was unusually large compared with the rest of the record.
Source
World Bank, World Development Indicators, indicator FM.AST.NFRG.CN, licensed CC BY 4.0. Original source: International Financial Statistics database, 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.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
Legal entity
Devansh Yadav
Moradabad, Uttar Pradesh
Governing law: Courts at Moradabad, Uttar Pradesh
Phone: +91 8433475698
Legal: legal@analyzeit.in