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Governo Italiano

The Farnesina's contribution to the country's economic recovery accounts for one percent of the GDP

Date:

09/29/2017


The Farnesina's contribution to the country's economic recovery accounts for one percent of the GDP

In these years we have experienced an economic crisis that has lasted longer than the two World Wars of the past century. Finally today, Italy has started growing again. The change of pace is confirmed by the data: according to the Organization for Economic Cooperation and Development (OECD) Italy's GDP is expected to increase by 1.4 percent in 2017. It should be pointed out also that Italian exports have grown by 13 percent from 2008 to 2016, now accounting for 25 percent of the GDP.The Farnesina gives a positive contribution to growth by means of economic diplomacy, which translates into support to exports, attracting investments and promoting "Brand Italy".This year we have measured the Ministry's contribution, together with Confindustria, through an independent study conducted by Prometeia, which has reported that it has contributed in excess of 1 percent to the Italian GDP. If we compare the Farnesina's budget with this result, it means that for every taxpayer euro given to the Farnesina, we have been able to generate 20 euros of growth for Italy, naturally, together with Italian companies.


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