ROMA (ITALPRESS) – At the end of 2024 the net wealth of Italian families was 11,732 billion. Compared to 2023 it has increased by 2.8% at current prices but, valued at constant prices, it is still less than 5% compared to 2021 due to strong inflation in 2022. This is what emerges from the data of Istat-Bankitalia analysis on assets held by institutional sectors and their evolution over time.
The increase in non-financial assets in 2024 compared to the previous year (+1.9% at current prices) was driven by the housing component, which grew significantly for the third consecutive year.
The value of financial assets increased by 3.6%, mainly due to the positive trend in the prices of common funds, securities and insurance reserves.
Financial liabilities have shown a modest increase due to the growth of other liabilities (especially commercial debts). In international comparison, the relationship between net wealth and available gross household income remained stable in Italy and Canada, while it fell for the third consecutive year in France and the United Kingdom.
The net wealth of non-financial companies in 2024 was 1.015 billion. Among the real assets, which constitute 56.6% of gross wealth, continued to increase the value of properties, followed by plants and machinery. On the financial side, the market value of portfolio shares has significantly increased. Stocks and deposits have also grown. Indebtedness in relation to non-financial assets has declined, as has happened also for British and Canadian companies, while it has gone up for French ones.
The gross wealth of financial companies has increased by 1.2%, interrupting the contraction phase in place since 2022. The increase in assets consisted mainly of joint stocks and shares. The liabilities have also grown (+0.9%), with a significant decrease in the collection of deposits in the face of the increase in the value of the shares, shares and securities.
At the end of 2024 the net wealth of public administrations was negative for 1,522 billion, worsening compared to 2023 due to the growth of liabilities (+3%), while the activities remained substantially stable. In international comparison, the relationship between the net wealth of public administrations and the GDP in 2024 has worsened only in Italy and France.
-Photo IPA Agency-
(ITALPRESS).
