G.D.P (Gross Domestic Product)

Import & export B.O.T (Balance Of Trade)

B.O.P (Balance Of Payments)

Realized by: Matteo Fabriani, Kristian Dobrecovic, Francesco Russo and Alex Stanimirescu

GROSS

DOMESTIC PRODUCTOF ITALY

In 2015 GDP was about 2.152 trillion US dollars while the GDP-PPP(Purchasing Power Parity) was about 2.122 trillion of International dollars. For 2016 we expect a growth of 1.5% of the GDP and fortunately a decrease of unemployement(especially for young

people) of 0.4% but another increase of inflation of 0.8%.

ITALY 2014 2015 2016

GDP GROWTH(%) -0.4% 0.9% 1.5%

INFLATION(%) 0.2% 0.2% 1.0%

UNEMPLOYEMENT(%) 12.7% 12.2% 11.8%

Imports & exports (2015)

Imports & exports With the term import we intend all goods (Visible imports) or services (Invisible imports) that a country buys from a foreign country while with the term export we intend all goods (Visible exports) or services (Invisible exports) that a country sells to a foreign country. Italy in 2015 imported vehicles, gas, medicine, oil, clothing and exported machinery, medicines, pasta, paper and clothing. In the considered year the value of imports was 32062.06 (milion) of euros while the value of exports was 36874.13 (milion) of euros so we can say that in 2015 the balance of trade was positive.

IMPORTS EXPORTS

B.O.T (Balance Of Trade)

Italian Balance of tradeThe Balance of Trade is the difference in value between a country’s visible exports and visible imports over a year. If the visible exports value exceeds the visible imports value, the Balance of Trade is said to be favourable or in surplus. If the visible imports value exceeds the visible exports, then the Balance of Trade is said to be unfavourable or in deficit.

°In 2014 Italian Balance of Trade was in deficit, visible imports were 0,4% higher than visible exports.

°In 2015 Italian Balance of Trade improved, visible exports were 0,8% higher than visible imports

B.O.P (Balance Of Payments)

The Balance of Payments (BOP) records all monetary transactions between a country and the rest of the world.For a healthy economy,a country should aim at having a favourable Balance of Payments.

A persistent deficit in the Balance of Payments may oblige a country to take money from its official reserves of foreign currency, or to sell gold reserves, or to borrow money from international organization.

Balance of Trade+(invisible exports –Invisible imports)

Balance of Payments

Balance of Payments