Italy Real Effective Exchange Rate

1993 - 2023 | Monthly | 2005=100 | CEIC Data

Key information about Italy Real Effective Exchange Rate

  • Italy Real Effective Exchange Rate (HCI: 2005=100: Month Avg: Italy) was 94.5 in Jun 2023, compared with the number of 94.0 in the previous month.
  • Italy Real Effective Exchange Rate data is updated monthly and averaged 103.4 from Jan 1993 to Jun 2023.
  • The data reached an all-time high of 103.4 in Oct 2009 and a record low of 80.4 in Apr 1995.

CEIC generates Real Effective Exchange Rate Index with base 2005=100. European Central Bank provides Harmonized Competitiveness Indicator with base 1Q1999=100. CPI is used as a deflator. An increase in REER indicates reduced competitiveness for the reporting economy. Italy is part of the Euro Area since January 1999.


Related information about Italy Real Effective Exchange Rate

  • In the latest reports, Italy Short Term Interest Rate: Month End: EURIBOR: 3 Months was reported at -0.6 % pa in Nov 2021.
  • The cash rate (Policy Rate: Month End: Main Refinancing Operations) was set at 4.0 % pa in Jul 2023.
  • Italy Exchange Rate against USD averaged 0.9 (USD/EUR) in Jun 2023.

View Italy's Real Effective Exchange Rate from Jan 1993 to Jun 2023 in the chart:

Italy Real Effective Exchange Rate

What was Italy's Real Effective Exchange Rate in Jun 2023?

Italy Real Effective Exchange Rate (HCI: 2005=100: Month Avg: Italy) was 94.5 in Jun 2023, compared with the number of 94.0 in the previous month. See the table below for more data.

Last Previous Min Max Unit Frequency Range
94.5 Jun 2023 94.0 May 2023 80.4 Apr 1995 103.4 Oct 2009 2005=100 monthly Jan 1993 - Jun 2023

Real Effective Exchange Rate by Country Comparison

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Includes Real Effective Exchange Rate on 92 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Algeria (2005=100) 103.0 Feb 2024 monthly Jan 1994 - Feb 2024
Argentina (2005=100) 65.6 Mar 2024 monthly Jan 1997 - Mar 2024
Armenia (2005=100) 235.9 Feb 2024 monthly Jan 1997 - Feb 2024
Australia (2005=100) 102.0 Feb 2024 monthly Jan 1994 - Feb 2024
Austria (2005=100) 104.5 Mar 2024 monthly Jan 1993 - Mar 2024
Azerbaijan (2005=100) 152.0 Feb 2024 monthly Jan 2005 - Feb 2024
Bahrain (2005=100) 95.8 Feb 2024 monthly Jan 1980 - Feb 2024
Bangladesh (2015-2016=100) 102.0 2023 yearly 2011 - 2023
Belarus (2005=100) 101.0 Dec 2014 monthly Jan 1996 - Dec 2014
Belgium (2005=100) 102.3 Mar 2024 monthly Jan 1993 - Mar 2024
Bolivia (2005=100) 53.5 Oct 2023 monthly Jan 1991 - Oct 2023
Bosnia and Herzegovina (2005=100) 98.4 Jan 2024 monthly Jan 2005 - Jan 2024
Botswana (Dec2018=100) 97.1 Aug 2023 monthly Dec 2009 - Aug 2023
Brazil (2005=100) 95.4 Jan 2024 monthly Jan 1988 - Jan 2024
Bulgaria (2005=100) 130.1 Mar 2024 monthly Jan 1993 - Mar 2024
Canada (2005=100) 91.5 Dec 2023 monthly Jan 1999 - Dec 2023
Chile (2005=100) 115.0 Feb 2024 monthly Jan 1986 - Feb 2024
China (2005=100) 138.0 Feb 2024 monthly Jan 1994 - Feb 2024
Colombia (2005=100) 114.7 Mar 2024 monthly Jan 1990 - Mar 2024
Croatia (2005=100) 101.9 Mar 2024 monthly Jan 1993 - Mar 2024
Cyprus (2005=100) 91.1 Mar 2024 monthly Jan 1993 - Mar 2024
Czech Republic (2005=100) 152.4 May 2023 monthly Jan 1995 - May 2023
Denmark (2005=100) 96.8 Dec 2023 monthly Jan 1970 - Dec 2023
Ecuador (2007=100) 110.3 Nov 2017 monthly Jan 2011 - Nov 2017
Estonia (2005=100) 141.9 Mar 2024 monthly Jan 1993 - Mar 2024
European Union (2005=100) 92.6 Mar 2024 monthly Jan 1993 - Mar 2024
Finland (2005=100) 94.8 Mar 2024 monthly Jan 1993 - Mar 2024
France (2005=100) 91.7 Mar 2024 monthly Jan 1993 - Mar 2024
Georgia (2005=100) 141.1 Feb 2024 monthly Dec 1995 - Feb 2024
Germany (2005=100) 95.1 Mar 2024 monthly Jan 1993 - Mar 2024
Ghana (2005=100) 71.9 Feb 2024 monthly Dec 1979 - Feb 2024
Greece (2005=100) 93.0 Mar 2024 monthly Jan 1993 - Mar 2024
Hong Kong SAR, China (2005=100) 109.0 Feb 2024 monthly Jan 1994 - Feb 2024
Hungary (2005=100) 100.7 Feb 2024 monthly Jan 1990 - Feb 2024
Iceland (2005=100) 89.1 Feb 2024 monthly Jan 1979 - Feb 2024
India (2005=100) 115.1 Feb 2024 monthly Apr 2004 - Feb 2024
Indonesia (2005=100) 114.5 Feb 2024 monthly Jan 1994 - Feb 2024
Iran (2005=100) 769.3 Feb 2024 monthly Jan 1979 - Feb 2024
Ireland (2005=100) 84.5 Mar 2024 monthly Jan 1993 - Mar 2024
Israel (2005=100) 123.2 Feb 2024 monthly Jan 1994 - Feb 2024
Italy (2005=100) 94.5 Jun 2023 monthly Jan 1993 - Jun 2023
Ivory Coast (2005=100) 97.2 Feb 2024 monthly Dec 1979 - Feb 2024
Japan (2005=100) 54.8 Feb 2024 monthly Jan 1970 - Feb 2024
Kazakhstan (2005=100) 101.4 Feb 2024 monthly Jan 1995 - Feb 2024
Kenya (2005=100) 73.5 Aug 2015 monthly Oct 1997 - Aug 2015
South Korea (2005=100) 84.0 Feb 2024 monthly Jan 1994 - Feb 2024
Kosovo (Jan2007=100) 119.7 Feb 2024 monthly Dec 2006 - Feb 2024
Kyrgyzstan (2005=100) 135.1 Feb 2024 monthly Jan 2000 - Feb 2024
Latvia (2005=100) 133.5 Mar 2024 monthly Jan 1993 - Mar 2024
Lithuania (2005=100) 130.3 Mar 2024 monthly Jan 1993 - Mar 2024
Luxembourg (2005=100) 98.8 Mar 2024 monthly Jan 1993 - Mar 2024
North Macedonia (2005=100) 111.5 May 2023 monthly Jan 1993 - May 2023
Malawi (2010=100) 79.9 Feb 2024 monthly Dec 1979 - Feb 2024
Malaysia (2005=100) 84.2 Feb 2024 monthly Jan 1994 - Feb 2024
Malta (2005=100) 97.3 Mar 2024 monthly Jan 1993 - Mar 2024
Mexico (2005=100) 88.7 Jan 2024 monthly Jan 1968 - Jan 2024
Moldova (2005=100) 218.6 Feb 2024 monthly Nov 1993 - Feb 2024
Mongolia (2005=100) 119.4 Dec 2023 monthly Jan 2000 - Dec 2023
Morocco (2005=100) 96.4 Feb 2024 monthly Jan 1988 - Feb 2024
Netherlands (2005=100) 97.3 Mar 2024 monthly Jan 1993 - Mar 2024
New Zealand (2005=100) 99.0 Feb 2024 monthly Jan 1984 - Feb 2024
Nigeria (2005=100) 64.0 Feb 2024 monthly Dec 1979 - Feb 2024
Norway (2005=100) 75.3 Feb 2024 monthly Jan 1994 - Feb 2024
Pakistan (2010=100) 98.8 Dec 2023 monthly Jan 2013 - Dec 2023
Paraguay (2005=100) 69.3 Feb 2024 monthly Jan 1995 - Feb 2024
Peru (2005=100) 91.2 Mar 2024 monthly Jan 1991 - Mar 2024
Philippines (2005=100) 148.2 Feb 2024 monthly Jan 1993 - Feb 2024
Poland (2005=100) 112.6 Feb 2024 monthly Jan 1994 - Feb 2024
Portugal (2005=100) 93.1 Mar 2024 monthly Jan 1993 - Mar 2024
Romania (2005=100) 113.1 Feb 2024 monthly Jan 1994 - Feb 2024
Russia (2005=100) 94.7 Feb 2024 monthly Jan 1994 - Feb 2024
Saudi Arabia (2005=100) 126.8 Feb 2024 monthly Jan 1994 - Feb 2024
Serbia (2005=100) 141.8 Feb 2024 monthly Jan 2002 - Feb 2024
Singapore (2005=100) 133.6 Feb 2024 monthly Jan 1994 - Feb 2024
Slovakia (2005=100) 138.7 Mar 2024 monthly Jan 1993 - Mar 2024
Slovenia (2005=100) 101.6 Mar 2024 monthly Jan 1993 - Mar 2024
South Africa (2005=100) 84.3 Jan 2024 monthly Jan 1970 - Jan 2024
Spain (2005=100) 97.6 Mar 2024 monthly Jan 1993 - Mar 2024
Sri Lanka (2017=100) 75.1 Feb 2024 monthly Jan 2013 - Feb 2024
Sweden (2005=100) 80.6 Feb 2024 monthly Jan 1994 - Feb 2024
Switzerland (2005=100) 115.9 Feb 2024 monthly Jan 1973 - Feb 2024
Taiwan (2005=100) 93.8 Feb 2024 monthly Jan 1994 - Feb 2024
Thailand (2005=100) 116.9 Feb 2024 monthly Jan 1994 - Feb 2024
Tunisia (2005=100) 81.8 Feb 2024 monthly Jan 1979 - Feb 2024
Turkey (2005=100) 51.5 Mar 2024 monthly Jan 1994 - Mar 2024
Ukraine (2005=100) 83.5 Feb 2024 monthly Dec 1992 - Feb 2024
United Arab Emirates (2005=100) 125.4 Feb 2024 monthly Jan 1994 - Feb 2024
United Kingdom (2005=100) 87.1 Feb 2024 monthly Jan 1994 - Feb 2024
United States (Jan2006=100) 114.8 Mar 2024 monthly Jan 2006 - Mar 2024
Uruguay (2005=100) 43.5 Feb 2024 monthly Jan 2000 - Feb 2024
Venezuela (2005=100) 0.8 Feb 2019 monthly Jan 1994 - Feb 2019
Zambia (2005=100) 127.0 Dec 2023 monthly Jan 2013 - Dec 2023

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Italy Key Series

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Includes 246 key indicators for Italy, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -7.2 Dec 2023 quarterly Dec 1999 - Dec 2023
Consolidated Fiscal Balance (USD mn) -32,343.010 Dec 2023 quarterly Mar 1999 - Dec 2023
Tax Revenue (USD mn) 216,421.142 Dec 2023 quarterly Mar 1999 - Dec 2023
Tax Revenue: % of GDP (%) 36.5 Dec 2023 quarterly Mar 1999 - Dec 2023
National Government Debt (USD mn) 3,092,277.3 Jan 2024 monthly Jan 1957 - Jan 2024
Government Debt: % of GDP (%) 137.3 Dec 2023 quarterly Dec 1995 - Dec 2023
Forecast: Government Expenditure (EUR bn) 1,156.730 2028 yearly 1988 - 2028
Forecast: Government Net Debt (EUR bn) 3,138.281 2028 yearly 1988 - 2028
Forecast: Government Revenue (EUR bn) 1,098.360 2028 yearly 1988 - 2028
General Govt Debt (EUR mn) 2,848,712.400 Jan 2024 monthly Dec 1861 - Jan 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.339 2028 yearly 1980 - 2028
Trade Balance (USD mn) 7,379.7 Jan 2024 monthly Jan 1993 - Jan 2024
Total Exports (USD mn) 51,756.1 Jan 2024 monthly Jan 1991 - Jan 2024
Total Exports Growth (%) -0.2 Jan 2024 monthly Jan 1992 - Jan 2024
Aluminum: Exports (USD th) 6,046,592.734 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 34,957,695.159 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 14,113,178.257 2022 yearly 1995 - 2022
Total Imports (USD mn) 48,862.4 Jan 2024 monthly Jan 1991 - Jan 2024
Total Imports Growth (%) -13.5 Jan 2024 monthly Jan 1992 - Jan 2024
Imports: Medicament (USD th) 21,462,418.612 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 15,087,372.056 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 5,201.850 Jan 2024 monthly Jan 1960 - Jan 2024
Total Imports from USA (USD mn) 2,888.811 Jan 2024 monthly Jan 1960 - Jan 2024
Total Exports to China (USD mn) 1,370.201 Jan 2024 monthly Jan 1960 - Jan 2024
Total Imports from China (USD mn) 3,633.370 Jan 2024 monthly Jan 1960 - Jan 2024
Trade Balance: sa (EUR mn) 6,771.000 Jan 2024 monthly Jan 1993 - Jan 2024
Exports: fob: sa (EUR mn) 50,923.000 Jan 2024 monthly Jan 1993 - Jan 2024
Imports: cif: sa (EUR mn) 44,152.000 Jan 2024 monthly Jan 1993 - Jan 2024
Crude Oil Imports: Africa: Nigeria (Ton th) 1,924.000 2022 yearly 2001 - 2022
Crude Oil Imports: Former Union of Soviet Socialist Republics(FUSSR) (Ton th) 25,403.000 2022 yearly 2001 - 2022
Crude Oil Imports: OPEC (Ton th) 25,659.000 2022 yearly 2001 - 2022
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 1,408.1 Jan 2024 monthly Jan 1988 - Jan 2024
Current Account Balance (USD mn) -1,662.6 Apr 2023 monthly Jan 1970 - Apr 2023
Current Account Balance: % of GDP (%) 0.7 Dec 2023 quarterly Mar 1980 - Dec 2023
Foreign Direct Investment (USD mn) 7,940.2 Jan 2024 monthly Jan 1988 - Jan 2024
Foreign Direct Investment: % of GDP (%) 1.9 Mar 2023 quarterly Mar 1988 - Mar 2023
Foreign Portfolio Investment (USD mn) 2,940.559 Sep 2023 quarterly Mar 1997 - Sep 2023
Foreign Portfolio Investment: % of GDP (%) 3.3 Dec 2023 quarterly Mar 1990 - Dec 2023
Foreign Portfolio Investment: Equity Securities (USD mn) 1,329.6 Sep 2023 quarterly Mar 1997 - Sep 2023
Foreign Portfolio Investment: Debt Securities (USD mn) 1,791.157 Sep 2023 quarterly Mar 1997 - Sep 2023
External Debt (USD mn) 2,662,299.4 Sep 2023 quarterly Dec 2002 - Sep 2023
External Debt: % of GDP (%) 129.0 2022 yearly 2002 - 2022
External Debt: Short Term (USD mn) 1,130,392.4 Sep 2023 quarterly Dec 2002 - Sep 2023
External Debt: Short Term: % of GDP (%) 59.6 2022 yearly 2002 - 2022
Total Debt: % of GDP (%) 577.3 Sep 2023 quarterly Dec 1995 - Sep 2023
Forecast: Current Account Balance (USD bn) 53.574 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) 129,829.540 Sep 2023 quarterly Dec 1998 - Sep 2023
BoP: Current Account: Primary Income: Debits (EUR mn) 10,116.917 Jan 2024 monthly Jan 1995 - Jan 2024
BoP: Current Account: Services (EUR mn) -1,573.341 Jan 2024 monthly Jan 1995 - Jan 2024
BoP: Current Account: Secondary Income (EUR mn) -1,405.690 Jan 2024 monthly Jan 1995 - Jan 2024
BoP: Current Account: Primary Income: Credits (EUR mn) 9,650.985 Jan 2024 monthly Jan 1995 - Jan 2024
BoP: Capital Account: Debits (EUR mn) 565.875 Jan 2024 monthly Jan 1995 - Jan 2024
BoP: Current Account: Debits (EUR mn) 66,448.008 Jan 2024 monthly Jan 1995 - Jan 2024
BoP: Current Account: Credits (EUR mn) 65,357.187 Jan 2024 monthly Jan 1995 - Jan 2024
BoP: Capital Account (EUR mn) 903.942 Jan 2024 monthly Jan 1995 - Jan 2024
BoP: FA: Direct Investment: Assets (EUR mn) 1,291.929 Jan 2024 monthly Jan 1995 - Jan 2024
BoP: Errors & Omissions (EUR mn) 2,181.172 Jan 2024 monthly Jan 1997 - Jan 2024
BoP: Current Account: Goods: Credits (EUR mn) 44,469.636 Jan 2024 monthly Jan 1995 - Jan 2024
BoP: FA: Reserve Assets (EUR mn) -639.291 Jan 2024 monthly Jan 1988 - Jan 2024
Balance of Payments (BoP): Current Account (EUR mn) -1,090.821 Jan 2024 monthly Jan 1995 - Jan 2024
BoP: FA: Financial Derivatives (EUR mn) 1,757.020 Jan 2024 monthly Jan 1997 - Jan 2024
BoP: FA: Portfolio Investment: Assets (EUR mn) 10,266.405 Jan 2024 monthly Jan 1997 - Jan 2024
BoP: FA: Direct Investment: Liabilities (EUR mn) 7,285.289 Jan 2024 monthly Jan 1995 - Jan 2024
BoP: Current Account: Goods (EUR mn) 2,354.142 Jan 2024 monthly Jan 1995 - Jan 2024
BoP: Current Account: Services: Credits (EUR mn) 9,559.656 Jan 2024 monthly Jan 1995 - Jan 2024
BoP: FA: Other Investment: Liabilities (EUR mn) -7,517.060 Jan 2024 monthly Jan 1997 - Jan 2024
BoP: Current Account: Secondary Income: Debits (EUR mn) 3,082.600 Jan 2024 monthly Jan 1995 - Jan 2024
BoP: Current Account: Primary Income (EUR mn) -465.932 Jan 2024 monthly Jan 1995 - Jan 2024
BoP: FA: Other Investment: Assets (EUR mn) -2,623.434 Jan 2024 monthly Jan 1997 - Jan 2024
BoP: Financial Account: Assets (EUR mn) 20,631.512 Feb 2019 monthly Jan 1997 - Feb 2019
BoP: FA: Other Investment (OI) (EUR mn) -14,035.313 Feb 2019 monthly Jan 1997 - Feb 2019
BoP: FA: Portfolio Investment (PI) (EUR mn) 12,742.080 Feb 2019 monthly Jan 1997 - Feb 2019
BoP: Financial Account: Liabilities (EUR mn) 22,075.088 Feb 2019 monthly Jan 1997 - Feb 2019
BoP: FA: Direct Investment (EUR mn) -216.498 Feb 2019 monthly Jan 1995 - Feb 2019
BoP: Current Account: Services: Debits (EUR mn) 7,794.724 Feb 2019 monthly Jan 1995 - Feb 2019
BoP: Financial Account (FA) (EUR mn) 1,994.293 Jan 2024 monthly Jan 1997 - Jan 2024
BoP: Current Account: Secondary Income: Credits (EUR mn) 1,676.910 Jan 2024 monthly Jan 1995 - Jan 2024
BoP: Capital Account: Credits (EUR mn) 1,469.817 Jan 2024 monthly Jan 1995 - Jan 2024
BoP: Current Account: Goods: Debits (EUR mn) 42,115.494 Jan 2024 monthly Jan 1995 - Jan 2024
IIP: Liabilities (EUR mn) 3,337,268.694 Sep 2023 quarterly Dec 1998 - Sep 2023
IIP: Net Position (EUR mn) 122,665.854 Sep 2023 quarterly Dec 1998 - Sep 2023
IIP: Assets (EUR mn) 3,459,934.548 Sep 2023 quarterly Dec 1998 - Sep 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 2.8 Dec 2023 quarterly Jun 2008 - Dec 2023
Household Debt: % of GDP (%) 49.3 Sep 2023 quarterly Dec 1995 - Sep 2023
Non-Performing Loans (USD mn) 58,172.300 Dec 2023 quarterly Jun 2008 - Dec 2023
Money Supply M1 (USD mn) 1,778,326.918 Jan 2024 monthly Dec 1974 - Jan 2024
Money Supply M2 (USD mn) 2,258,859.833 Feb 2024 monthly Dec 1974 - Feb 2024
M2 Growth (%) -2.2 Jan 2024 monthly Dec 1975 - Jan 2024
Reserve Requirement Ratio (%) 1.0 Mar 2024 monthly Jan 1999 - Mar 2024
Foreign Exchange Reserves (USD mn) 49,741.1 Mar 2024 monthly Dec 1999 - Mar 2024
Foreign Exchange Reserves: % of GDP (%) 2.183 Dec 2023 quarterly Dec 1999 - Dec 2023
Foreign Exchange Reserves: Months of Import (NA) 1.0 Jan 2024 monthly Dec 1999 - Jan 2024
Gold Reserves (USD mn) 174,082.090 Mar 2024 monthly Dec 1956 - Mar 2024
Total Deposits (USD mn) 2,019,825.787 Dec 2023 quarterly Mar 1998 - Dec 2023
Total Deposits Growth (%) -2.8 Dec 2023 quarterly Mar 1999 - Dec 2023
Domestic Credit (USD mn) 3,280,167.3 Jan 2024 monthly Jan 1999 - Jan 2024
Domestic Credit Growth (%) -4.3 Jan 2024 monthly Jan 2000 - Jan 2024
Debt Service Ratio: Households (%) 4.600 Sep 2023 quarterly Mar 1999 - Sep 2023
Debt Service Ratio: Private Non-Financial Sector (%) 10.600 Sep 2023 quarterly Mar 1999 - Sep 2023
Credit to Households (USD bn) 836.686 Sep 2023 quarterly Mar 1960 - Sep 2023
Credit to Private Non-Financial Sector (USD bn) 2,206.107 Sep 2023 quarterly Mar 1960 - Sep 2023
Household Debt (USD mn) 1,077,292.4 Sep 2023 quarterly Mar 1995 - Sep 2023
Total Loans (USD mn) 2,637,091.690 Feb 2024 monthly Dec 1995 - Feb 2024
Total Loans Growth (%) -4.04 Feb 2024 monthly Dec 1996 - Feb 2024
Private Debt: % of Nominal GDP (%) 61.77 Dec 2023 quarterly Jun 1998 - Dec 2023
Money Supply M3 (EUR mn) 2,117,016.220 Feb 2024 monthly Sep 1997 - Feb 2024
Deposits (EUR mn) 1,825,913.745 Dec 2023 quarterly Mar 1998 - Dec 2023
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -5.5 Mar 2024 monthly Jan 1986 - Mar 2024
Cyclical Coincident Indicator: Ita-Coin (%) 0.110 Mar 2024 monthly Jan 2003 - Mar 2024

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