In 2023, the contribution of Wholesale, Retail Trade, Restaurants, and Hotels to Italy's GDP was at 15.09%. Moving into 2024 and beyond, forecasts show a gradual decline in this sector's contribution, with values marginally decreasing to 15.05% by 2028. This trend indicates a fairly stable economic sector, though with a slight downturn.
Year-on-year changes reflect minimal fluctuations with an average decline per year close to negligible. The compound annual growth rate (CAGR) over this forecast period highlights stability with only a subtle downward trend.
Future trends to watch for include:
- Potential impacts from evolving consumer habits and digitization.
- Macroeconomic factors like inflation and interest rates affecting consumer spending.
- Tourism recovery post-pandemic and its effect on the hospitality sector.