The Law no. 163/2016, which reformed the Italian Budget law, provided that the Equitable and sustainable well-being indicators should contribute to define those economic policies which largely affect some fundamental dimensions for the quality of life.
A high level committee, including the highest representatives of the Ministry of Economy and Finance, the Italian National Institute of Statistics (Istat), the Bank of Italy and two renowned experts, was set up to select a short list of indicators from the BES set, to be considered annually in the Economic and Financial Document (DEF) and in the Report to the Parliament.
As early as 2017, a first set of 4 indicators has been included in the DEF and subsequently referred to in the first Report on BES indicators presented to the Parliament by the Minister of Economy and Finance in February 2018.
The complete list of Bes indicators as defined by the Committee and approved by the competent parliamentary committees was considered in the 2018 Economic and Financial Document. The list includes 12 indicators, 8 of which were analyzed in their recent evolution. With regard to the remaining 4 indicators, estimates for the following three years were developed.
The second report on equitable and sustainable well-being indicators, reported to the Italian Parliament on 27th February 2019, presented a predictive scenario using 4 indicators, together with a review of the measures that should have an impact on each of the 12 indicators included in the complete list and a focus study on absolute poverty.
In DEF 2019 it is possible to find the trend and programmatic forecasts relating to the 4 BES indicators and the analysis of most recent trend for the other 8 Bes indicators.
The third report on equitable and sustainable well-being indicators, reported to the Italian Parliament on 18th of February 2020, presented the recent evolution of the 12 indicators together with the policy scenarios of 6 of them, and a focus study on length of civil proceedings
The MEF most recent publication is the DEF 2020 in which the trend of the 12 indicators up to 2019 was analysed and the forecast of some of them up to 2021 was provided, on the basis of the macroeconomic framework contained in the 2020 Economic and Financial Document, published on 24 April 2020. Three methodological insights are also available, on overweight or obesity, early leavers from education and training, Ratio of employment rate for women aged 25-49 with at least one child aged 0-5 to the employment rate of women 25-49 years without children.
For this publication, disseminated on the 9th of July 2020, Istat provided the 2019 update of the complete set of sustainable welfare and well-being indicators included in the DEF, mainly based on final data but also, when it was necessary to ensure timeliness, on provisional data and ad hoc models for advance estimates (see the updated table of Istat indicators).
The selections of indicators
- BES Report 2019 (in English) | 31 March, 2020
- Decree for selecting the BES indicators (in Italian) | 16 October, 2017
- Final report of the BES Committe (in Italian) | 20 June, 2017
- First update of 4 BES indicators (in Italian) | 14 April,2017
- Committee for the BES indicators (in Italian) | 28 November, 2016
- Document on Economics and Finance 2020 – Annex: the BES Indicators (in Italian) | 9 July, 2020
- The third Report on BES indicators (in Italian) | 18 February, 2020
- Document on Economics and Finance 2019 – Annex: the BES Indicators (in Italian) | 9 April, 2019
- The second Report on BES indicators (in Italian) | 27 February, 2019
- Document on Economics and Finance 2018 – Annex 6 : the BES Indicators (in Italian) | 26 April, 2018
- The first Report on BES indicators (in Italian) | 16 February, 2018
- Document on Economics and Finance 2017 – Annex 6 : the BES indicators (in Italian) | 11 April, 2017
- Document on Economics and Finance 2017 The stability law (in Italian) | 11 April, 2017