The GDP growth in Italy is driven by the agri-food record, it is worth 25%

Published 2021년 8월 31일

Tridge summary

Italy's GDP growth is being driven by a record increase in Made in Italy agri-food exports, which rose by +23.1% in June and are estimated to be worth 50 billion in 2021. The country's economy depends heavily on the agri-food sector, which accounts for 25% of its GDP and employs 4 million people. Italy is a leading European producer of rice, durum wheat, wine, and many Mediterranean vegetables and fruits. Demand for Made in Italy products has grown as the vaccination campaign progresses and restaurants have reopened, with the United States, Germany, France, Russia, and China being major customers.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The GDP growth is driven by the historical record for Made in Italy agri-food exports which record a record increase of + 23.1% in June with an estimated value on an annual basis of 50 billion in 2021. This is what emerges from the analysis of Coldiretti in reference to the income statements of the second quarter of Istat disclosed to the Cibus of Parma where the organization is present in pavilion 6 - Stand B012. "Italy can start again from its strengths with the agri-food industry that has shown resilience in the face of the crisis with a driving role for employment and the entire economy" affirms the president of Coldiretti Ettore Prandini in underlining that "with the Covid emergency food has become Italy's first wealth for a value equal to 25% of GDP with 538 billion euros along the entire agri-food chain extended from field to table and 4 million workers employed in 740 thousand farms , 70 thousand food industries, over 330 thousand catering establishments and 230 thousand ...

Source: Coldiretti