September 23, 2016

Annual National Accounts

2015

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 2015 GDP at current prices increased by 1.4% (to 1,642,444 million euro) compared with the previous
year.
The chained volume measure of GDP increased by 0.7%, after raising by 0.1% in 2014.
Gross fixed capital formation increased by 1.3% and Final consumption expenditure by 1.0%. Imports
increased by 6.0% and exports by 4.3%.
General Government net borrowing was -42,931 million euro: -2.6% of GDP, compared with -3.0% in 2014;
General Government debt went up to 2,171,670 million euro (132.2% of GDP).

GDP AND EXPENDITURE COMPONENTS

Year 2015. Million euro (current prices, chain-linked volumes- reference year 2010)
Percentage Chained Percentage
AGGREGATES Current prices changes volumes changes
2015/2014 2015/2014
Gross Domestic Product at market prices 1,642,444 1.4 1,553,876 0.7
Imports 443,149 3.3 430,733 6.0
Final Consumption Expenditure 1,312,808 1.0 1,246,831 1.0
- Households final consumption expenditure 992,124 1.5 926,066 1.5
- Government final consumption expenditure 310,982 -0.6 311,778 -0.6
- NPISH final consumption expenditure 9,702 2.5 8,939 2.8
Gross Fixed Capital Formation 273,364 1.5 261,096 1.3
Changes in inventories 3,890 - - -
Acquisitions less disposals of valuables 1,851 -0.9 1,511 -0.9
Exports 493,680 3.9 469,778 4.3

GDP GROWTH
3.7
Chain-linked volumes
2.0
Years 2010-2015 1.8 1.6 1.7
0.9 0.7
0.2 0.2 0.6
1.5 0.1

-1.1 -1.7

-2.8

-5.5
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

GENERAL GOVERNMENT ANNUAL ACCOUNT. Year 2015

 Main ratios 2015
Net lending (+) or Net borrowing (-) / GDP -2.6
Net lending (+) or Net borrowing (-) net of interest / GDP 1.5
Tax burden 43.4
Current revenue / GDP 47.5
Total revenue / GDP 47.8
Current expenditure / GDP 46.3
Current expenditure net interests / GDP 46.2
Total expenditure / GDP 50.4

Net borrowing Primary balance

GENERAL GOVERNMENT BALANCES 4.8
3.2
Years 2010-2015 (% of GDP) 2.7 2.4 2.2 2.3 2.1
1.6 0.9 1.0 1.6
1.0 0.0 1.5
0.3

-0.9
-1.3 -1.5
-2.7 -2.9 -2.7 -3.0 -2.6
-3.4 -3.1 -3.4 -3.6 -3.6 -3.7
-4.2 -4.2
-5.3
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

For more details please refer to the Italian version

Annual national accounts are available at http://dati.istat.it/

________________________________________________
Contact persons:
Gian Paolo Oneto (dccn@istat.it)
National Accounts Directorate
Istat – Italian National Institute of Statistics
Via A. Depretis 74b – 00184 Rome, Italy
phone +39 06 4673.3152