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Macroeconomics

An overview


Macroeconomic values describe the structure of an economic system and its ability to grow.
Since 2009 the deep recession has led actual Gdp per capita below that of 2000, with a drop by 9.9% in the last ten years.
Economic available resources (Gdp and import) may be used to purchase goods for consumption, for fixed capital formation and for export.
The domestic share of final consumption to Gdp has been about 82% since 2009, while the share of investments has decreased since 2008. Export from Centre and North (88.6% over the national total) increased by 0.7 percentage points to the previous year, and the same happened in the South and Islands area.

Labour productivity in market economy sector increased by 0.3% only. After the increase by 1.2% in 2013 labour productivity decreased by 0.9% due both to decrease of value added (-0.6%) and to the moderate increase in labour input (+0.2%).

Inflation (Nic index) settled close to zero also for 2015, and reflected energy prices drop and the weak consumption demand. In 2014 the general downward persisted, however the decrease for house prices reduced, manly as a result of the diminishing drop of prices for the existing houses, while there was a slight growth in the prices for new constructions. During the first three quarter of 2015 the progressive reduction of long-term decrease persisted (-2.9% as average to the same period in 2014).