In 2011, Italy's gross domestic product (GDP) at current prices increased by 1.7 percent compared to 2010, according to the Italian national statistics office Istat. In the given year, GDP growth in terms of volume was equal to 0.4 percent year on year.
Other countries have already posted GDP volume increases in 2011, including the United Kingdom (+0.9 percent), France (+1.7 percent), the US (+1.7 percent) and Germany (+3.0 percent), while others recorded a decrease, with Japanese GDP dipping by 0.9 percent - all on year-on-year basis.