Italy 2014 debt-to-GDP ratio at 3% says Istat

GDP down by 0.4% last year as investments dive 3.3%

(ANSA) - Rome, March 2 - Italy's debt-to-GDP ratio was 3% last year and 2.9% in 2013, Istat national statistics bureau reported Monday. The 2014 ratio is in line with forecasts in the government's economic and financial blueprint (DEF). Debt from 128.5% of GDP in 2013 to 132.1% of GDP in 2014, the highest ratio since 1995, according to the bureau. The tax burden rose to 43.5% of GDP last year, up 0.1% over 2013. Also in 2014, GDP fell by 0.4% to 2000 levels, the bureau said in its final official estimate.
    Fixed gross investments dropped last year by 3.3% while family consumption was flat at +0.3%, Istat reported.
    Exports rose 2.7% while imports dropped 1.8%, the bureau said.


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