Italy poverty rate for 2017 was 3.30%, a 0.1% decline from 2016. Italy poverty rate for 2016 was 3.40%, a 0.5% decline from 2015. ... Italy Poverty Rate 1986-2023. Italy Poverty Rate - Historical Data Year% Under US $5.50 Per DayChange 20173.30%-0.10% 20163.40%-0.50% 20153.90%0.80% 21 more rows