Locomotive of South, Certainly. But also crucial in growth of the gross domestic product (GDP) Italian. There Pugliain short, he put on the plate Government numerous arguments – in addition to the appeal and fame of a world-renowned destination – for it to be chosen as the venue for the next one G7 on June.
The data
In the last four years – as Campania has done for exports – our region has in fact recorded a record GDP growth compared to the G7 countries. Considering the growth in real terms, i.e. adjusted for inflation, from 2020 to 2023 – compared to the year 2019 before the pandemic – Italy recorded a +3.5%, with a much better result than the European members of the G7 and Puglia did its part.
In the same period of time, in fact, it grew by 5.8%, ahead of Lombardy (+5.6%), Emilia-Romagna (+4.7%), Bolzano and Trento (both +4.2 %), Friuli-Venezia Giulia (+4.1%), Veneto (+3.8%), Basilicata (+3.7%), Campania (+2.8%) and Sicily (+ 2.7%). Estimates made by the Italian economic consultancy company Prometeia, but which in recent weeks were also anticipated by Svimez in a report dedicated to regional economies and which extolled the beneficial effect on GDP and debt that the expansionist policies carried out by governments that have had on the economy of the country and of Puglia in particular.
The analysis
Economist Marco Fortis also highlighted how, in addition to Puglia, “all the other regions of Southern Italy also grew more than Spain, which was the second major European economy after Italy to experience the strongest GDP growth in period considered. Italy’s post-pandemic recovery has therefore seen a concerted contribution from many of our regions, including numerous regions in the South”.
After the stop caused by Covid, Puglia has recovered and in just two years, 2021 and 2022, it has grown by 5.2% compared to 2019, thanks to the added value of services (+5.1%), industry (+3%) and the construction boom (+28.8%), to which the incentive package launched by governments, from the facade bonus to the Superbonus, certainly contributed. Puglia’s GDP, according to Prometeia estimates, grew by another 0.6% in 2023.
Exports from Italy also experienced a new, strong impetus, increasing in value by 30.4% and bringing our country to second place in the G7, second only to Canada (+31.8%, again in euros). The Belpaese has thus become the fifth largest exporter in the world, after overtaking South Korea, behind China, the United States, Germany and Japan. And even in this situation the contribution of the South was more than significant, since this area of the country saw a surge in exports of 37.1%, higher than the Italian average and the results achieved by all the other G7 countries .
First ever Campania, with exports of 22.2 billion euros in the period 2020-2023. Agri-food remains the driving sector for exports from the South (9.1 billion euros in 2023), together with oil refining products (14.8 billion), pharmaceuticals (8.3 billion to which they contribute, in the order , Campania, Abruzzo and Puglia) and means of transport for 11.8 billion, with important contributions from Abruzzo, Campania, Basilicata and, once again, Puglia.
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