GDP and General Government net borrowing

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 2013, GDP at current prices decreased by 0.4% (to 1,560,024 millions of euro) compared with the previous year.

The chain-link volume measure of GDP fell by 1.9%, after a decrease of 2.4% in 2012.

The fall in GDP was due to a sharp contraction in Gross fixed capital formation (-4.7%) and in Final consumption expenditure (-2.2%). Imports decreased by 2.8%.

General Government net borrowing was -47,321 millions of euro (-3.0% of GDP), unchanged with respect to the previous year (-3.0% of GDP), while General Government debt reached 2,068,948 millions of euro (132.6% of GDP).