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Europe Live Wednesday 22nd May 2013

A decrease in the deficit, growth of 0.4% and a public debt at 120% of the GDP in 2011

5th March 2012

According to data published on 2nd March by the Italian Statistics Institute, Istat, Italy's GDP increased by 0.4% in 2011 against 1.8% in 2010. Exports increased the most, up by 5.6% which compensated for the contraction in investments (gross fixed capital formation) and public spending, which declined respectively by 1.9% and 0.9%. With regard to national accounts the Italian public deficit rose to 3.9% of the GDP in 2011 down in comparison with the previous year when it lay at 4.6%, whilst the Italian public debt totalled 120.1% of the GDP.

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