Municipalities

Roma Capitale and Istat together to calculate the GDP and added value of the Eternal City

For the first time, Rome's GDP will be calculated in a systematic and authoritative manner by monitoring the main economic macro-sectors: agriculture, industry and services. The experiment gets underway

by Marco Mobili

Turisti passeggiano al Colosseo, Roma.  ANSA/ANGELO CARCONI

3' min read

3' min read

Rome is not a city or a municipality like any other, it is the Capital of Italy. Only a few days ago, Prime Minister Giorgia Meloni announced the approval by the Council of Ministers of the Constitutional Bill that gives the Eternal City new powers that until now were only managed by the Region. And to get ahead of the game and be ready, the Capital of Italy has decided, in agreement with Istat, to measure the value of Rome by annually estimating its GDP and added value.

The project

.

For the first time, Rome's GDP will be calculated in a systematic and authoritative manner, thanks to detailed monitoring involving all the main economic macrosectors: agriculture, industry and services. After an experimental phase of 18 months, from 2027 Rome will have up-to-date and disaggregated data, fundamental not only for planning municipal policies, but also for optimising the use of the new competences and resources deriving from the constitutional reform when it becomes operational with the new councillorship.

Loading...

As emphasised by Mayor Roberto Gualtieri, "having official economic estimates is an indispensable tool for planning policies and territorial government", also in virtue of a GDP that has a considerable specific weight in the national economy. This is an innovation that has been awaited for years and today is even more necessary given the new institutional framework that requires targeted and transparent choices.

Certain economic data for the capital

.

The constitutional reform, in fact, places Rome among the constituent entities of the Republic, recognising its legislative power and financial autonomy in multiple strategic areas: public transport, urban planning, trade, culture, tourism, and territorial government. This leap in institutional quality puts Rome on a par with the great European capitals, overcoming the paradox of a capital city managed with the instruments of an ordinary municipality.

In this scenario, GDP and added value become decisive parameters for the distribution of resources, the definition of new fiscal policies, and for dialogue with the State and Europe. Updated data will make it possible to measure the real impact of each intervention, support requests for funds and monitor the health of the local economy in real time-not only for businesses and public administration, but also for families, the third sector and citizens.

The start of the experiment

.

"Opening a complete and authoritative cross-section of local economic data is an obligatory step, as well as useful for businesses, families, public administrations and the non-profit sector," remarked Mayor Gualtieri. ISTAT President Francesco Maria Chelli is of the same opinion: the methodological experimentation 'will also be a forerunner for other metropolitan cities', consolidating a new standard in urban economic statistics in Italy. The agreement between ISTAT and Roma Capitale was born out of an exchange of views with the capital's first citizen - Chelli goes on to explain - "and represents a first and fundamental step towards the production of GDP estimates at the sub-provincial level that are fully consistent with the territorial economic accounts already published by ISTAT in accordance with the 'European System of National and Regional Accounts' (Sec 2010). In order to achieve this important result," the president of Istat recalled, "it is necessary to start a methodological experimentation that will last 18 months, at the end of which an estimate of GDP at current prices and added value for Roma Capitale will be released for the first time, detailed - as mentioned - by main economic macro-sectors: agriculture, industry and services. Starting with Roma Capitale,' concluded the President of Istat, 'seemed a natural choice. But the experimentation may subsequently be extended to all the other metropolitan cities'.

Copyright reserved ©
Loading...

Brand connect

Loading...

Newsletter

Notizie e approfondimenti sugli avvenimenti politici, economici e finanziari.

Iscriviti