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Italy records 6.8% growth in 2022 GDP

24 Sep '23
2 min read
Pic: Shutterstock
Pic: Shutterstock

Insights

  • Italy's GDP rose by *.* per cent in 2022, reaching €*,***,*** million. Investments and consumption also saw significant growth.
  • However, changes in inventories and net exports negatively impacted the GDP.
  • General Government's net borrowing improved slightly to -*.* per cent of GDP.
  • ISTAT revised upward the 2021 growth rates but left the 2022 rate unchanged.

Gross fixed capital formation, a measure of investments, increased in volume by *.* per cent. Final consumption expenditure grew by *.* per cent, while exports and imports surged by *.* per cent and **.* per cent respectively.

National demand, not accounting for changes in inventories, contributed *.* percentage points to GDP growth. However, the contributions of changes in inventories and net exports were negative, affecting the GDP by -*.* and -*.* percentage points respectively, ISTAT said in a media release.

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