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Macroeconomics

Italy and its regions


In 2014 in the Centre-North the Gdp per capita decreased by 10.0% to 2005; in the South and Islands area the drop was sharper (-11.7%). The geographical gap was still wide in terms of level, with lower values in Calabria and Campania (below 16 thousand Euros), in the autonomous province of Bolzano and in Valle d'Aosta values were higher followed by Lombardia, the autonomous province of Trento, Emilia-Romagna and Lazio, all with values above 30 thousand Euros.
The geographical areas with the highest export shares were the North-west (40.2%) and the North-east (31.8%); in particular Lombardia (27.5%) was also the region with the highest number of traders for export (more than 61 thousand).
In 2013 the share of domestic final consumption to Gdp was very high in the South and Islans area, more than 100 per cent in Calabria, Sicilia, Sardegna and Puglia; the minimum value was recorded in Lombardia.
The prolonged economic crisis led to a decrease in the investment share to Gdp in almost all regions. A growth of investments in real terms was registered in Basilicata, the autonomous province Bolzano and in Molise only.

The growth of labour output was above the national average in the North (1.3%) and in the Islands (1.4%), and was below the average in the South (1.0%) and in the Centre (0.7%). All regions in the South and Islands area ranked at the bottom of the list of value added per hour worked; Lombardia and Trentino-Alto Adige registered significantly higher levels to the national average.

In 2015 almost all regions recorded a further slow down in inflation, with rates between -0.2% in Emilia-Romagna, Umbria, Puglia and Sardegna to +0.5% in the autonomous province of Bolzano. Deflation affected half of the regions, slowdown was stronger in the South and Islands area.