Italy GDP blog

  • real GDP for the last 10 years
    • 2010: 2.134T USD
    • 2011: 2.292T USD
    • 2012: 2.087T USD
    • 2013: 2.141T USD
    • 2014: 2.159T USD
    • 2015: 1.836T USD
    • 2016: 1.876T USD
    • 2017: 1.962T USD
    • 2018: 2.092T USD
    • 2019: 2.004T USD
    • 2020: 1.849T USD
  • real GDP/capita for the last 10 years
    • 2010: 36,000.52 USD
    • 2011: 38,599.062 USD
    • 2012: 35,053.526 USD
    • 2013: 35,549.975 USD
    • 2014: 35,518.415 USD
    • 2015: 30,230.226 USD
    • 2016: 30,939.714 USD
    • 2017: 32,406.72 USD
    • 2018: 34,615.757 USD
    • 2019: 33,228.237 USD
    • 2020: 31,613 USD
  • real GDP growth/year for the last 10 years
    • 2010: 1.713
    • 2011: 0.707
    • 2012: -2.891
    • 2013: -1.841
    • 2014: -0.005
    • 2015: 0.778
    • 2016: 1.293
    • 2017: 1.668
    • 2018: 0.944
    • 2019: 0.343
    • 2020: -10.6
  • unemployment rate for the last 10 years
    • 2010: 8.36%
    • 2011: 8.36%
    • 2012: 10.66%
    • 2013: 12.15%
    • 2014: 12.68%
    • 2015: 11.9%
    • 2016: 11.69%
    • 2017: 11.21%
    • 2018: 10.61%
    • 2019: 9.95%
    • 2020: 9.31%
  • inflation rate for the last 10 years
    • 2010: 1.526%
    • 2011: 2.781%
    • 2012: 3.041%
    • 2013: 1.22%
    • 2014: 0.241%
    • 2015: 0.039%
    • 2016: -0.094%
    • 2017: 1.227%
    • 2018: 1.137%
    • 2019: 0.611%
    • 2020: 0.12%
  • current account balance (that's exports - imports or net exports, roughly speaking) for the last 10 years 
    • 2010: -70.819B USD
    • 2011: -64.808B USD
    • 2012: -5.129B USD
    • 2013: 23.968B USD
    • 2014: 40.099B USD
    • 2015: 25.379B USD
    • 2016: 48.418B USD
    • 2017: 51.397B USD
    • 2018: 51.744B USD
    • 2019: 59.518B USD
    • 2020: 59.4B USD
Observations:
The GDP and the GDP per Capita fluctuate at the same time. (one goes up so does the other and when one goes down so does the other). 




Comments

Post a Comment

Popular posts from this blog

Italy - Fiscal Policy

 DISCLAIMER: I may have forgotten that there was a word limit until I was on part 3 of the assignment. Give two specific examples of fiscal policies implemented or discussed in your country in the past five years. Italy and the EU agreed on a stability program where Italy will receive a certain influx of money that they will be able to use in order to increase the country's GDP and decrease debt. They do this by planning on increasing public investments, and making reforms to the tax system. Italy adopted a fiscal Consolidation package in 2011. This idea implemented tax reforms meant to increase consumption in the economy as well as increase in property tax. These reforms ultimately reduce the taxes on capital and labor to increase taxes towards consumption (by raising indirect taxes) and property. Explain one argument for and one argument against each of the policies, identifying the stakeholders backing each argument. For the stability program, the Italian government would be gai...
Read more

Protectionism

Image
A recent trade agreement between the EU and Vietnam subjected Italy's imports on some agriculture food markets such as rice to quotas that limit how much can be imported per year. This was bad for Italy because tariffs on rice were also eliminated which meant that now not only were their imports limited but they also couldn't be taxed so Italy was gaining nothing from the imports. Shown in the graph below the world supply price would drop to P2 without a tariff. This has an effect on domestic producers of rice because when there is a quota on the imports then there is a higher need for domestic production. Domestic producers may need to increase production, which may be possible due to a higher demand for their product, which would hypothetically increase their revenue. Domestic rice producers would also possibly be able to expand and employ more workers which could lower unemployment.  Foreign rice producers may not be able to export all of their rice to Italy due to the quota...
Read more