No. 559 - An introduction to Italian balance sheets: methodology and stylized facts

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by Luigi Infante and Francesco VercelliApril 2020

Balance sheet statistics are included in the national accounts system and provide a complete framework for analysing the wealth of a nation and its evolution over time. The paper presents Italian balance sheets, compiled using data on financial accounts produced by the Bank of Italy and non-financial asset data calculated by Istat, the Italian National Institute of Statistics.

In Italy, the ratio of non-financial assets to gross wealth increased from 43 to 47 per cent between 2005 and 2008 because of the dynamics of housing prices. It then gradually decreased from 2012 and reached 41 per cent at the end of 2017. The ratio of net wealth to income in Italy is high by international standards, although the gap has narrowed over the last decade.