As per International Monetary Fund (IMF) 2019 estimates, the GDP (nominal) of Italy is USD 1,988,636 million. This GDP (nominal) is around 2.28% of Entire World’s GDP. Currently (2019), the world rank of Italy is 8 in terms of GDP Nominal.
However, as per 2018 estimates by World Bank, the GDP (Nominal) of Italy is USD 2,073,902 million. As per World Bank Estimates, the global rank of Italy is 8.
On the other hand, as per 2019 estimates by International Monetary Fund, the GDP (PPP) of Italy is USD 2,442,768 Million. This is 1.72% of World. Italy on this basis has a global rank of 12.