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Macroeconomics

An overview


Macroeconomic values describe the structure of an economic system and its ability to grow. 

Economic available resources (Gdp and import) may be used to purchase goods for consumption, for fixed capital formation and for export.

Since 2009 the deep recession has led actual Gdp per capita below that of 2004, though with a slight increase in 2015 (+0.8%), it has marked a drop by 10.1 percent over the last ten years.

The domestic share of final consumption to Gdp has decreased by 0.9 percentage points between 2010 and 2014.

In 2015 export from Centre and North (88.5 percent over the national total) decreased by 0.1 percentage points to the previous year, while in the South and Islands area it kept stable.

Labour productivity in market economy sector has increased by 1.8 percentage points between 2010 and 2014. During the past year the increase was by 0.2%, due to a decrease of labour input (-0.1%) and an increase of added value (+0.1%).

In 2016 Italy was in deflation, for the first time after 1959, when the consumer price index recorded a decrease by -0.4%.

The decrease in house prices persisted to a lesser extent to 2014 as annual average (-2.6% to -4.4%). The reduction was mainly attributable to price dynamics of the existing houses (-3.0% to -5.2%);  the reduced price decrease for new constructions was slower (-1.5% to -2.2%).