Annual national accounts

The National Institute of Statistics releases the estimates of Gross Domestic Product (GDP) and General Government net borrowing in accordance with the definitions of the European System of Accounts (ESA 2010) and Council Regulation (EC) n. 549/2013.

In 2016 GDP at current prices increased by 1.7% (to 1,680,523 million euro) compared with the previous year.

The chained volume measure of GDP increased by 0.9%, after raising by 1.0% in 2015.

Gross fixed capital formation increased by 2.8% and Final consumption expenditure by 1.3%. Imports increased by 3.1% and exports by 2.4%.

General Government net borrowing was -41,937 million euro: -2.5% of GDP, compared with -2.6% in 2015; General Government debt went up to 2,217,695 million euro (132.0% of GDP).