In 2023, Italy's Public Administration and Defence, Compulsory Social Security Gross Value Added was below the levels projected for 2024-2028. From 2024 to 2028, it is forecasted to grow from €117.96 billion to €133.41 billion. This indicates a steady increase year-on-year, with a Compound Annual Growth Rate (CAGR) over these five years. The expected annual growth rate averages approximately 3%, which underlines a stable upward trajectory in Italy's public sector economic contribution.
Future trends to monitor include potential impacts of demographic changes on social security demands and shifts in governmental budget allocations. Additionally, economic policies and reforms in public administration and defense sectors may influence future value additions.
