The publication “The wealth of institutional sectors in Italy: 2005-2022” is online

Here is a summary of the provided document:

Summary:

The Bank of Italy and Istat have released a joint publication on the real and financial wealth in Italy for 2022. The net wealth of Italian families decreased by 1.7% in nominal terms and by 12.5% in real terms (using the consumer price index) compared to 2021. The wealth-to-disposable-income ratio decreased from 8.7 to 8.1, returning to levels seen in 2005. The growth of non-financial assets, mainly driven by a increase in housing values, has contributed to this result. In contrast, financial assets decreased by 5.2%, mainly due to the reduction in the value of shares and investment funds. The publication also provides insights on the wealth of businesses and public administrations, showing a decrease in the wealth of private companies and a growth in the wealth of public administrations.