Italy: Revenue, excluding grants (% of GDP)

Key figures

What the numbers say

In 2024, Italy's revenue, excluding grants (% of GDP) rose 1.07 percentage points on 2023 (from 39.07% to 40.14%).

Across the 30 yearly changes before that (1988 to 2023), the average change was +0.01 percentage points and a typical year strayed about 0.99 percentage points from that (the standard deviation). This year's change was 1.1 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 2.63 percentage points in 1986 and the biggest yearly fall was 3.56 percentage points 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 2015 to 2024 there is no clear straight-line trend: a straight line explains less than 1% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2024, Italy had the 10th highest value of the 90 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 2024 ranking

• France — 7th of 90: 42.11%
• Lesotho — 8th of 90: 42.03%
• Finland — 9th of 90: 41.79%
• Cyprus — 11th of 90: 39.9%
• Netherlands — 12th of 90: 39.42%
• Slovak Republic — 13th of 90: 39.33%

What this measures

Revenue is an increase in net worth resulting from a transaction. Grants are excluded from this figure. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.

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).

Regional and income-group figures are computed by the World Bank as a weighted average.

All 47 values

Revenue, excluding grants (% of GDP) in nearby economies

• Albania — 26.12% (2024)
• Armenia — 24.14% (2024)
• Austria — 45.07% (2024)
• Azerbaijan — 38.89% (2024)
• Belarus — 28.15% (2024)
• Belgium — 37.9% (2024)
• Bosnia and Herzegovina — 37.64% (2024)
• Bulgaria — 34.42% (2024)
• Croatia — 35.08% (2023)
• Cyprus — 39.9% (2024)
• Czechia

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

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Questions people ask

What is Italy's revenue, excluding grants (% of GDP)?

40.14% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1973?

It is up 16.52 percentage points from 23.62% in 1973. The highest value was 42.18% in 1997 and the lowest 23.62% in 1973.

How does Italy rank?

10th highest of 90 economies with data for 2024.

Is the latest change in revenue, excluding grants (% of GDP) unusual for Italy?

In 2024, Italy's revenue, excluding grants (% of GDP) rose 1.07 percentage points on 2023 (from 39.07% to 40.14%). Across the 30 yearly changes before that (1988 to 2023), the average change was +0.01 percentage points and a typical year strayed about 0.99 percentage points from that (the standard deviation). This year's change was 1.1 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

Source

World Bank, World Development Indicators, indicator GC.REV.XGRT.GD.ZS, 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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