Annual national accounts

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 (Esa 2010) and Council Regulation (EC) n. 549/2013.

In 2013, GDP at current prices decreased by -0.6% (to 1,618,904 million euro) compared with the previous year.

The chain-link volume measure of GDP fell by -1.9%, after a decrease by -2.3% in 2012.

The fall in GDP was due to a sharp contraction in Gross fixed capital formation (-5.4%) and in Final consumption expenditure (-2.3%). Imports decreased by -2.7%.

General Government net borrowing was -45,358 million euro (-2.8% of GDP), comparing with -3.0% of GDP in the previous year, while General Government debt went up to 2,070,165 million euro (127.9% of GDP).

To find out more, http://www.istat.it/en/ home page has a section dedicated to the new system of national accounts.