New national accounts estimates

Istat has revised upwards the real growth of the Italian economy in the las decade, thus in 2010 the GDP rose at 1.5% from 1.3% previously estimated. The new estimate of national accounts, as defined for all countries of the European Union, is linked to the new classification of economic activities and innovation of methods and sources. "The review of the interchange with foreign countries - explained the institute's experts - pushed industrial growth, and thus also the GDP." Revised upwards, therefore, the estimates of 2008 and 2009. The GDP in 2009 has lost 5.1% against 5.2% previously estimated. In 2008, GDP decreased by 1.2% compared to 1.3% previously estimated. According to the new classification, the average annual change of GDP in volume for the years 2000-2010, is 0.4%, 0.2 percentage points higher than the previous one.

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