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GDP and General Government debt

The National Institute of Statistics releases the estimates of Gross Domestic Product (GDP) and General Government debt in accordance with the definitions of the European System of Accounts (ESA95) and Council Regulation (EC) n. 479/2009.

In 2011, GDP at current prices increased by 1.7% to 1,580,220 millions of euro compared with the previous year.

The chained volume measure of GDP rose by 0.4%, following a 1.8% increase in 2010.

Growth was mostly attributable to the increase in Exports (+5.6%), partly offset by a slowdown in Gross fixed capital formation (-1.9%) and in General Government final consumption expenditure (-0.9%).

General Government net borrowing added up to -62,363 millions of euro (-3.9% of GDP), improving the result of the previous year (-4.6% of GDP), while General Government debt reached 1,897,946 millions of euro (120.1% of GDP).

tags:
accounting, accounts, current balance, debt, deficit, GDP, general government, investments, net borrowing, primary balance, public finance, revenue, statistics report, value added
theme:
National accounts, Public Administrations
document typology:
Press release
Reference period
Year 2011
Date of publication
Friday, 2 March 2012
Full text
(pdf 103 KB)
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