Italy's Economic Expansion in 2024

Italy's economy showcased a robust growth of 0.7% in 2024, as reported by the National Institute of Statistics (Istat). This growth, measured in real terms, signifies a positive shift in the country's economic landscape.

Contributors to GDP Growth

The primary driver behind this economic expansion was national demand, excluding inventory changes, contributing a substantial 0.5 percentage points. Following closely were final consumption expenditure and the external balance of goods and services, each adding 0.4 percentage points to the growth.

Investment and Trade Dynamics

Investments in gross fixed capital formation and final consumption expenditure saw increases of 0.5% and 0.6%, respectively. The trade sector also experienced positive trends, with exports rising by 0.4%, while imports saw a decrease of 0.7%.