Forecast: Wholesale, Retail Trade, Restaurants and Hotels Contribution to GDP in Italy

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.

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