In 2022, GDP
at market prices amounted to 1,909,154 million current euros, with an increase of 6.8% compared to the previous year and 3.7% in volume.
This was communicated by Istat by revising downwards the estimates released on 31 January last
which indicated economic growth of 3.9%.
Today's data is in line with the estimates of Nadef which last November had set 2022 growth at just 3.7%.
In 2022, the Italian deficit/GDP ratio stood at 8% against Nadef estimates of 5.6%.
Istat specifies that the impact of tax credits, in particular the Superbonus, weighed on the calculation.
The same item also led to a worsening revision of the 2020 and 2021 data, equal to -0.2 and -1.8 percentage points respectively.
In 2020 the deficit therefore stood at 9.7% of GDP (from 9.5% estimated last September) and in 2021 at 9.0% (from 7.2% estimated in September).
The debt/GDP ratio fell in 2022 in Italy.
The Istat revelations on national accounts indicate a ratio of 144.7% for last year against 149.8% in 2021. The figure is better than the Nadef estimates which indicated a debt at 145.7% of GDP for last year .
The tax burden on Italian taxpayers remained substantially stable in 2022.
From 43.4% of GDP in 2021, it went to 43.5% last year.
This can be seen from the Istat data on GDP and public administration debt in 2022.
