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Press release

Quarterly national accounts

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In the first quarter of 2021 the seasonally and calendar adjusted, chained volume measure of Gross Domestic Product (GDP) increased by +0.1 per cent with respect to the previous quarter and decreased by 0.8% in comparison with the first quarter of 2020.

Compared to previous quarter, final consumption expenditure decreased by 1 per cent, gross fixed capital formation increased by +3.7 per cent, imports by +2.3 per cent and exports decreased by 0.1 per cent.

With respect to the first quarter of 2020, final consumption expenditure decreased by 2.7 per cent, gross fixed capital formation increased by 11.4 per cent, imports by 1.4 per cent, and exports by 0.6 per cent.

The carry-over annual GDP growth for 2021 is equal to 2.6%.

On 11 June 2021, Istat disseminated an update on Quarterly national accounts

Reference period: First quarter 2021

Date of Issue: 01 June 2021

Next release: 31 August 2021

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