# Italy General government fiscal balance, % of GDP, quarterly (unadjusted)

Italy General government fiscal balance, % of GDP, quarterly (unadjusted) was −2.0% in Q2 2026, up 6.9 percentage points from Q1 2026 and up 0.1 percentage points from a year earlier.
Over the past ten years it has ranged from −16.1% (Q1 2021) to 2.7% (Q4 2025), averaging −4.9%.

- Source agency: Eurostat (Statistical Office of the European Union)
- Makrognosis code: `IT.GOVBAL.Q.NSA.MEASURE-PCTGDP`
- Frequency: quarterly
- Units: % of GDP
- Coverage: 1999-01-01 to 2026-04-01 (110 observations)
- Page: https://makrognosis.robomacro.com/data/italy/general-government-fiscal-balance-pct-of-gdp-quarterly-unadjusted

## Recent data

| Period | Value |
|---|---:|
| Q2 2026 | −2.0% |
| Q1 2026 | −8.9% |
| Q4 2025 | 2.7% |
| Q3 2025 | −4.2% |
| Q2 2025 | −2.1% |
| Q1 2025 | −9.4% |
| Q4 2024 | 1.5% |
| Q3 2024 | −3.4% |
| Q2 2024 | −2.8% |
| Q1 2024 | −9.5% |
| Q4 2023 | −5.4% |
| Q3 2023 | −6.7% |
| Q2 2023 | −4.3% |
| Q1 2023 | −12.5% |
| Q4 2022 | −5.3% |
| Q3 2022 | −9.8% |
| Q2 2022 | −4.9% |
| Q1 2022 | −12.8% |
| Q4 2021 | −4.7% |
| Q3 2021 | −7.6% |
| Q2 2021 | −8.3% |
| Q1 2021 | −16.1% |
| Q4 2020 | −5.2% |
| Q3 2020 | −10.1% |

## API

```
curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/IT.GOVBAL.Q.NSA.MEASURE-PCTGDP"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/IT.GOVBAL.Q.NSA.MEASURE-PCTGDP",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
```