• 2018 GDP growth stands at 0.9% for Italy, 2017 GDP growth revised up to 1.7% from 1.6%

Istat publishes a new version of the national economic accounts and the General Government (GG) account for 2017 and 2018, revised with respect to those released, respectively, on 1 March (for GDP) and 3 April (for the GG account).

The new estimate results in an upward revision of the nominal GDP of around 3.2 billion in 2017 and around 3.0 in 2018. The 2017 nominal GDP growth rate is now equal to 2.2% (previously 2.0%), but it is important to consider that since the 2016 level has not been revised, the rate of change is affected by a break in the accounts. This effect will be removed with the extraordinary revision of the national accounts scheduled for next September.

With regard to the General Government account, the changes in the perimeter of the sector give rise to a very slight reduction in the level of net borrowing which, in terms of the ratio to the GDP, remains unchanged compared to previous estimates (2.4% in 2017 and 2.1% in 2018).