Gross fixed capital formation rose in volume by 16.5 per cent last year.  

Italy’s gross domestic product (GDP) at current prices grew by 7.3 per cent in 2021 to €1,782.05 billion compared with the previous year, according to the Italian National Institute of Statistics (Istat). The chained volume measure of GDP rose by 6.7 per cent. Exports rose by 13.4 per cent and imports of goods and services by 14.7 per cent in the year.

The disposable income of consumer households in the country increased by 3.7 per cent in value and 2.1 per cent in purchasing power last year.

Due to the concomitant increase in households final consumption (plus 6.9 per cent), the saving rate declined to 13.1 per cent from 15.6 per cent in 2020.

Fibre2Fashion News Desk (DS)