The National Institute of Statistics releases an updated version of Annual National Accounts and General Government net borrowing for 2010 and 2011. Data have been revised to take into account new, updated information concerning, in particular, the Balance of Payments and the State Budget Reporting.
The main results are presented in the tables below. A comprehensive set of data is available in the data warehouse I.Stat. Information about data revisions is available in the Italian version of the press release.
In 2011, the chained volume measure of GDP increased by 0.4%, following a 1.8% increase in 2010.
The growth was mainly driven by the increase in Exports (+6.0%), partly offset by a fall in Gross fixed capital formation (-1.8%) and in General Government final consumption expenditure (-0.8%) while Households final consumption expenditure was almost unchanged (+0.1%).
Disposable income of households as consumers in real terms decreased by 0.8% and their saving rate dropped to 8.8% from 9.7% in 2010.
The gross profit share of non-financial corporations was 40.4%, compared with 41.5% in 2010.
The General Government net borrowing to GDP ratio decreased in 2011 to -3.9% from -4.5% in the previous year, while General Government debt was 120.7% of GDP.