Forecast: Household Expenditure on Total Final Consumption in Italy

In 2023, Italy's household expenditure on total final consumption stood at a value preceding the forecasted period beginning in 2024. From 2024 to 2028, a steady upward trend is observed in Italy's household expenditure, rising from 1.2208 trillion Euros in 2024 to 1.309 trillion Euros in 2028. This reflects a year-on-year growth of approximately 1.83% in 2025, 1.79% in 2026, 1.72% in 2027, and 1.69% in 2028, with a compound annual growth rate (CAGR) over the forecast period.

Future trends to watch for include:

• Potential economic reforms impacting disposable income and savings rates.
• Changes in consumer confidence driven by political and economic stability.
• Technological advancements influencing consumption patterns and efficiencies.
• Demographic shifts affecting household expenditure, particularly an aging population.