GDP and General Government net borrowing

In 2018 GDP at current prices increased by 1.7% (to 1,753,949 million euro) compared with the previous year. The chained volume measure of GDP increased by 0.9%.

Gross fixed capital formation increased in volume by 3.4% and final consumption expenditure by 0.5%. Imports of goods and services increased by 2.3% and exports by 1.9%.

National demand has contributed to GDP growth by +1.0 percentage points (+0.9 excluding changes in inventories) and net exports by -0.1 points.

Value added in volume increased in all the main sectors: 1.8% in mining and quarrying, manufacturing and other industrial activities, 1.7% in constructions, 0.9% in agriculture, forestry and fishing and 0.7% in services activities.

General Government net borrowing was -37,605 million euro: -2.1% of GDP, compared with -2.4% in 2017.

Primary balance (General Government net borrowing net of interests) was 6% of GDP (+1.4% in 2017).